2024-07-15T10:11:29-05:00 2023-12-31 141624930 TEAL BECKER & CHIARAMONTE CPAS PC 7 WASHINGTON SQUARE ALBANY NY 12205 990 2023-01-01 853447003 IIT (BHU) FOUNDATION INC IITB 7043402344 37 E COBBLEHILL ROAD LOUDONVILLE NY 12211 SAGAR BHIMAVARAPU CEO 7043402344 2024-07-08 1 SAGAR BHIMAVARAPU 999009999 0 STEPHANIE MUMFORD CPA P01278366 5184566663 2024-07-08 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z SAGAR BHIMAVARAPU 37 E COBBLEHILL ROAD LOUDONVILLE NY 12211 2141754 0 X WWW.IITBHUFOUNDATION.ORG X 2020 NY THE FOUNDATION IS A U.S. "FRIENDS OF" ENTITY FORMED BY INDIVIDUALS WHO WISH TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA, WHICH IS EXPECTED TO BE THE PRINCIPAL (ALTHOUGH NOT NECESSARILY EXCLUSIVE) GRANTEE OF FUNDS DISTRIBUTED BY THE ORGANIZATION. 5 5 0 0 0 0 1879053 1045374 0 0 39214 114326 0 0 1918267 1159700 2659022 491044 0 0 0 0 0 0 37304 70563 102255 2729585 593299 -811318 566401 2962424 3826694 0 0 2962424 3826694 X THE FOUNDATION IS A U.S. "FRIENDS OF" ENTITY FORMED BY INDIVIDUALS WHO WISH TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA, WHICH IS EXPECTED TO BE THE PRINCIPAL (ALTHOUGH NOT NECESSARILY EXCLUSIVE) GRANTEE OF FUNDS DISTRIBUTED BY THE ORGANIZATION. 0 0 491837 491044 TO GIVE GRANTS TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA. 491837 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 NY X SAGAR BHIMAVARAPU 7043402344 37 E COBBLEHILL ROAD LOUDONVILLE NY 12211 VIKASH AGARWAL SECRECTARY 1.00 X X 0 0 0 NARESH JAIN CHAIRMAN 1.00 X X 0 0 0 SOUMYO SARKAR DIRECTOR 1.00 X 0 0 0 RAMESH SRINIVASAN DIRECTOR 1.00 X 0 0 0 SAGAR BHIMAVARAPU CEO 10.00 X X 57967 0 0 57967 0 0 0 0 0 0 0 1045374 838292 1045374 107281 107281 989099 982054 7045 7045 7045 1159700 0 0 114326 X 491044 491044 17490 17490 70401 41440 28961 8343 8343 2069 2069 787 787 1380 1380 BANK FEES 1785 6 1779 593299 491837 64158 37304 352422 118131 1340868 117821 6193 3750 1262941 3586992 2962424 3826694 0 0 X 2962424 3826694 2962424 3826694 2962424 3826694 X 566401 297869 X 0 1 X 1 0 X 65000 4120701 1879053 1045374 7110128 65000 4120701 1879053 1045374 7110128 2994744 4115384 21418 39214 114326 174958 7285086 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1457569 297869 297869 1159700 0 1159700 593299 0 593299 0 593299 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. AS OF DECEMBER 31, 2023, THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE INCOME TAX POSITIONS TAKEN AND TO BE TAKEN ON ITS RETURNS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER. THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. 1 SOUTH ASIA 0 0 GRANTMAKING TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)". 491044 0 0 0 0 0 0 491044 0 491044 SOUTH ASIA TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)". 491044 FUNDS TRANSFER 0 0 0 0 0 0 0 PART I, LINE 2: THE MAJORITY OF THE FUNDS EXPENDED ARE EARMARKED FOR SPECIFIC PURPOSES KNOWN BY THE FOUNDATION. ANY REMAINING FUNDS WILL BE REPORTED ON A QUARTERLY BASIS TO THE FOUNDATION, AS REQURED. GRANTEES ARE RESPONSIBLE FOR INSURING THAT THE FUNDS ARE EXPENDED IN ACCORDANCE WITH REQUIREMENS SET FORTH IN THE GRANTS. X 2 838292 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): NONCASH CONTRIBUTIONS WERE MADE DURING THE YEAR FROM TWO INDIVIDUALS THAT CONSISTED OF VARYING AMOUNTS OF STOCKS IN SEVERAL PUBLIC COMPANES TO BE USED AT THE BOARDS DISCRETION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO ESTABLISHED COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY TO THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 BOARD MEMBERS ARE REMINDED AT MEETINGS OF TH CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC AT THE ORGANIZATIONS OFFICE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES - OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 41,440. FUNDRAISING EXPENSES 28,961. TOTAL EXPENSES 70,401. FORM 990, PART XI, LINE 9: UNREALIZED GAINS/LOSSES ON INVESTME 297,869.