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ASSET INDIA FOUNDATION

EIN 20-5139364 JERSEY CITY, NJ

Browse the largest nonprofits in New Jersey

Revenue 2025
$1,597,876
Expenses 2025
$1,927,670

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
Q33
Classification
1200
Street
111 TOWN SQUARE PL STE 1203

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 1203). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

Mission

FACILITATING INTERNATIONAL CHARITABLE DONATIONS TO SUPPORT URGENT AND HIGH-IMPACT NEEDS IN INDIA, INCLUDING HEALTHCARE, EDUCATION, LIVELIHOODS, AND SOCIAL WELFARE, BY ENABLING U.S. DONORS TO GIVE TO VETTED CAUSES THROUGH MILAAP.ORG.

  • Facilitating Cross-Border Giving for Urgent Charitable Needs in India Enabled U.S.-based donors to contribute to urgent and high-impact causes in India through the Milaap.org platform. Funds were disbursed to vetted individuals and nonprofit organizations for medical emergencies, education, and social welfare programs. Asset India Foundation ensured transparency, compliance, and secure fund transfers to benefit underprivileged communities.

    Expenses $1,920,582 · Grants $1,920,582

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Sue Umashankar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Nita Umashankar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Ramon Umashankar

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    30

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $1,597,876
    Expenses
    $1,927,670
    Contributions
    $1,597,876
    Grants paid
    $1,920,582
  • 2024
    Revenue
    $697,850
    Expenses
    $208,173
    Contributions
    $697,850
    Grants paid
    $206,593
  • 2023
    Revenue
    $1,598,878
    Expenses
    $1,521,793
    Contributions
    $1,598,878
    Grants paid
    $1,521,793
  • 2023
    Revenue
    $4,820,662
    Expenses
    $4,743,763
    Contributions
    $4,820,662
    Grants paid
    $4,743,763
  • 2022
    Revenue
    $63,384
    Expenses
    $73,435
    Contributions
    $63,384
    Grants paid
    $73,435

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $538,577
    Expenses
    $537,892
    Assets (EOY)
    $9,945

  • 2020 · 990-EZ

    Revenue
    $110,972
    Expenses
    $110,972
    Assets (EOY)
    $9,260

  • 2019 · 990-EZ

    Revenue
    $25,425
    Expenses
    $14,266
    Assets (EOY)
    $30,617

  • 2018 · 990-EZ

    Revenue
    $1,800
    Expenses
    $5,802
    Assets (EOY)
    $19,338

  • 2016 · 990-EZ

    Revenue
    $8,355
    Expenses
    $55,000
    Assets (EOY)
    $28,889

  • 2015 · 990-EZ

    Revenue
    $39,050
    Expenses
    $59,500
    Assets (EOY)
    $75,534

  • 2014 · 990-EZ

    Revenue
    $7,147
    Expenses
    $38,927
    Assets (EOY)
    $95,984

  • 2013 · 990-EZ

    Revenue
    $4,296
    Expenses
    $83,295
    Assets (EOY)
    $96,645

  • 2012 · 990-EZ

    Revenue
    $32,455
    Expenses
    $18,580
    Assets (EOY)
    $175,644

  • 2011 · 990-EZ

    Revenue
    $17,418
    Expenses
    $15,350
    Assets (EOY)
    $161,769

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.