2024-11-11T18:49:05-08:00 2023-12-31 273731178 WEBER & COMPANY INC 2021 THE ALAMEDA STE 380 SAN JOSE CA 95126 990 2023-01-01 770428724 IIT Bombay Heritage Foundation IITB 4082521664 21710 Stevens Creek Boulevard 115 Cupertino CA 95014 SHAMRAO KATTIMANI Treasurer 2024-11-11 true true Trevor Thomas P01081612 4089316201 2023 2024-10-15 13:58:12Z SHAMRAO KATTIMANI 13688882 false X WWW.IITBOMBAY.ORG X 1996 CA To Promote education, scientific and technological research activities at IIT Bombay 25 0 0 0 3623241 10959824 101033 56476 226711 496319 130 0 3951115 11512619 2696091 10441011 0 0 0 98420 199608 259563 2895699 10700574 1055416 812045 12314331 13116156 37616 27396 12276715 13088760 To Promote education, scientific and technological research activities at IIT Bombay false false 10568304 10441011 11025347 Programs Services Accomplishment include the following Grants to IIT Bombay from the IIT Bombay Heritage Foundation in 2023SCHOLARSHIPS, EXCELLENCE AWARDS & CHAIRSOve 700 continuing Endowed Scholarships as well as numerous Chair Professorships were awarded in 2023.80 new Scholarship awards were made to students in various departments.A grant was made to support the to Financial Aid Program (FAP) at IIT BombayA grant was made to support 8 Student Scholarships for the new Centre for Technology Alternatives for Rural Areas (CTARA) Master of Rural Development program students at IITB under Prof. Satish Agnihotris projectA grant was made towards the creation of the IDC Chair Professorship at IIT BombayA grant was made towards the creation of the Dr. K.V. Ramachandran Chair for Statistics and Mathematics at IIT Bombay A grant was made towards the Women Faculty Chair ProfessorshipA grant was made towards the Vijay & Sita Vashee Chair in Computer Science Dept.A grant was made towards the Sinha's Chair ProfessorshipA grant was made towards the Shashidhar Thakur ChairA grant was made towards the DMD ChairA grant was made towards the Dr. D.T. Manwani Chair in Electric VehiclesA grant was made towards the Inani Chair in Semiconductor TechnologyA grant was made to support the Chaitan Khosla AwardA grant was made to support the Dr. Manu Akula Memorial Award for Academic Excellence in CTaM at IIT Bombay.A grant was made to support the creation of the Dr. P.R. Sharadamani Chemistry Chair Professorship.A grant was made to support the Kanitkar Merit Award(s) in the Department of Civil Engineering at IITB for academic year 2023-24A grant was made to support Prof. S. C. Sahasrabudhe (SCS) Teaching Excellence Award at IIT BombayA grant was made towards creation of the Vinaya and Samir Kapoor Competition & Awards for ACcelerating Climate Energy & Sustainability Solutions (ACCESS) at IIT BombayA grant was made to support the Corpus of the Dr P K Patwardhan Technology Development Award at IITBA grant was made to support the To support the Center for Systems Software Education and Research (Prof. Umesh Bellur) at IIT BombayFACULTY AND STUDENT DEVELOPMENT GRANTS A grant was made to support the Healthcare discovery and research at IIT BombayA grant was made to support the Young Faculty Awards (YFA)A grant was made to the class of 1970 Reunion Legacy to support the creation of TRA Project (TRA)A grant was made to support the Good Manufacturing Practices (GMP) Lab in the Biosciences and Bioengineering Department (BSBE) for translational research.A grant was made to support the project conducted by Prof. Srinivasan Ramakrishnan from the Chemistry department at IITB.A grant was made towards the Student Wellness/developmentA grant was made towards the Women Empowerment at IIT BombayA grant was made towards the Retired Faculty Wellness Fund (RFWF)A grant was made towards the Post-doctoral research fellowship for research around Traditional Indian Knowledge Systems at IIT BombayA grant was made towards IT Training to teachers and students of 100 schools in IndiaFACILITIES, EQUIPMENT AND INFRASTRUCTURE DEVELOPMENT GRANTA grant was made to support the Construction of New Building for HUBA grant was made to the Wadhwani Research Center for Bioengineering (WRCB) Phase II at IITBA grant was made to the Wadhwani Electronics Lab (WEL) at IITBA grant was made to support the Lab ModernizationA grant was made towards the MBF Technovation Sandbox Program at IIT BombayA grant was made to support the Center for Machine Intelligence and Data Science, at IIT Bombay (CMInDS)A grant was made to support the Desai Sethi School of Entrepreneurship (DSSE) at IIT BombayA grant was made to support the Development of Research HUBA grant was made to the High-Speed Flow Diagnostic Lab in the Aerospace Engineering Dept. at IITBA grant was made from the Maker Bhavan Foundation funds to support the Invention Factory Project at IIT Bombay.A grant was made to support the Alumni-led Hostel Reconstruction Project Evergreen at IIT BombayA grant was made to support the enhancement other hostels infrastructure at IIT Bombay A grant was made to support the Integrated Waste Management Facility Project at IIT Bombay Campus.A grant was made towards the purchase of lab chairs in the Physics Department at IIT BombaySupport to the Class of 1973 Golden Jubilee Reunion Legacy Project at IIT BombaySupport to the Class of 1994 Silver Jubilee Reunion Legacy Project at IIT BombaySupport to the Class of 1995 Silver Jubilee Reunion Legacy Project at IIT BombaySupport to the Class of 1997 Silver Jubilee Reunion Legacy Project at IIT BombayWEB BASED SERVICESIn addition to the above grants, IIT Bombay Heritage Foundation provides the following services:Alumni Chapter Activities which include Professional, Networking and Social Events. Alumni web portal www.iitbombay.org which is feature rich. It provides a platform for alumni to interact individually and as a group. The new alumni portal allows alumni to connect with IITB related social media platforms. Facebook, Twitter and LinkedIn newsfeeds and links are provided on the platform.Google administered @iitbombay.org mailboxes.Chat Rooms, Bulletin Boards, Jobs Board, and Alumni Needs section on Alumni Portal. 10568304 true true false false false false false false false false false false false false false false true false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false true 0 0 true 0 false false false false false false false 0 false false false false false false false false false false X 25 0 false false false false false false false true true false true true true true true true true true false false false X Subha Sriraman 4089316201 21710 Stevens Creek BLVD 115 Cupertino CA 95014 X Parag Saxena Chairman 1.00 0.00 X X 0 0 0 VINAY KARLE President 7.00 0.00 X X 0 0 0 Sreedhar Kona Vice President 5.00 0.00 X X 0 0 0 shamrao Kattimani Treasurer 7.00 0.00 X X 0 0 0 Ankur Manake Vice- treasurer 5.00 0.00 X X 0 0 0 Prof Anurag Mairal Director 1.00 0.00 X 0 0 0 Vinaya Kapoor Director 1.00 0.00 X 0 0 0 Yogesh Kher Director 1.00 0.00 X 0 0 0 Prof Ravindra Gudi Director 1.00 0.00 X 0 0 0 Prof Shireesh Kedare Director 1.00 0.00 X 0 0 0 Apoorva Koticha Director 1.00 0.00 X 0 0 0 Balaji Srinivasan Director 1.00 0.00 X 0 0 0 Beerud Sheth Director 1.00 0.00 X 0 0 0 DC Agrawal Director 1.00 0.00 X 0 0 0 Gagan Singh Director 1.00 0.00 X 0 0 0 Harsh Koppula Director 1.00 0.00 X 0 0 0 Kashyap Deorah Director 1.00 0.00 X 0 0 0 Parul Gupta Director 1.00 0.00 X 0 0 0 Radhika Venkatraman Director 1.00 0.00 X 0 0 0 SHIVANI GOVIL Director 1.00 0.00 X 0 0 0 Sunil Shenoy Director 1.00 0.00 X 0 0 0 Sunita Parasuraman Director 1.00 0.00 X 0 0 0 Suresh Shenoy Director 1.00 0.00 X 0 0 0 Toos Daruvala Director 1.00 0.00 X 0 0 0 Upal Ghosh Director 1.00 0.00 X 0 0 0 0 false false false 0 10959824 1142364 10959824 Contribution Alumni Event 56476 56476 56476 487267 487267 0 0 0 2185315 2176263 9052 9052 9052 0 0 0 0 11512619 65528 487267 0 0 10441011 10441011 0 0 0 0 0 0 0 0 240 74 38 128 11424 3522 1823 6079 0 0 0 0 0 336 77 182 77 0 0 0 0 0 0 0 0 0 2653 2653 CONSULTING 104306 32163 16641 55502 Event Expenses 77350 77350 Bank service Charges 21486 21486 WEB service charges 19453 11672 1945 5836 22315 2435 10568 9312 10700574 10568304 33850 98420 1936764 2524856 10631 10647 0 228379 278279 0 0 0 0 7500 11705 0 9983135 10142736 147922 147930 0 0 3 12314331 13116156 37616 27396 37616 27396 X 1259906 1762592 11016809 11326168 12276715 13088760 12314331 13116156 812045 X false true X true false X 1920018 3022795 5065484 3623242 10959825 24591364 0 0 1920018 3022795 5065484 3623242 10959825 24591364 2385928 22205436 58930 26401 14495 171450 487267 758543 0 1041 273 442 130 1886 25351793 0.87590 0.71720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12290022 786455 786455 11503567 9052 9052 11512619 10700574 10700574 10700574 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Realized Capital Gains on 990 $9047 $5 true Mumbai, India Grant to IIT Bombay 9568080 Wire-Transfe Mumbai, India Grant to IITBAA 872931 Wire-Transfe 2 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US IIT Bombay Heritage Foundation (IITBHF) MONITORS USE OF FUNDS THROUGH PERIODIC REPORTS AND REVIEWS. ALL CONSTRUCTION AND OTHER BRICK AND MORTAR PROJECTS HAVE DETAILED GUIDELINES TO PROVIDE PROGRESS REPORTS. FUNDS ARE RELEASED ONLY WHEN MILESTONES ARE MET. ACTUAL DONORS ARE ALSO SENT COPIES OF SUCH REPORTS. ALL SCHOLARSHIPS, EXCELLENCE AWARDS, AND ENDOWMENTS REPORTS ARE PROVIDED ANNUALLY TO IITBHF AND ALSO TO THE ACTUAL DONORS OF THE FUNDS. IITBHF MEETS WITH THE IIT BOMBAY ADMINISTRATION AT LEAST ONCE A YEAR TO REVIEW USAGE OF ALL GRANTS AND TO DISCUSS STATUS OF PROJECTS AND AWARDS GRANTED. IN ADDITION A CONFERENCE CALL TAKES PLACE AT LEAST ONCE A QUARTER TO OBTAIN STATUS REPORTS AND REVIEW GRANT ADMINISTRATION.IN ADDITION TO ALL OF THE ABOVE, AN UTILIZATION OF FUNDS REPORT IS PREPARED BY IIT BOMBAY AND SENT TO IITBHF EVERY YEAR WHICH DESCRIBES IN DETAILS HOW MUCH THE GRANT FUNDS WERE USED BY IIT BOMBAY. THIS REPORT IS MADE PUBLIC ON THE ORGANIZATION'S WEBSITE AT WWW.IITBOMBAY.ORG AND REFERRED IN THE ANNUAL MAILER. X 33 1142364 Nasdaq & NYSE false false false Form 990, Part VI, Section B, Line 11b THE IITBHF ACCOUNTANT PROVIDES DETAILS OF THE FIRMS ACCOUNTING OPERATIONS AS WELL AS ALL OTHER REQUESTED INFORMATION TO THE TAX PREPARATION FIRM HIRED BY THEM.THE CFO AND ACCOUNTANT OF IITBHF REVIEWS THE DRAFT PROVIDED BY OUR TAX PREPARATION FIRM AND REQUESTS FURTHER DETAILED TAX RETURN PAPERS FROM THE TAX PREPARATION FIRM IF NECESSARY. THE CFO AND ACCOUNTANT OF IITBHF CONDUCTS A CONFERENCE CALL WITH TAX PREPARATION FIRM TO DISCUSS COMMENTS, QUESTIONS AND SUGGESTED REVISION. THE CFO/TREASURER OF IITBHF REVIEWS THE FINAL DRAFT OF THE 990 AND SIGNS IT AND FILES IT WITH IRS IN A TIMELY MANNER. DETAILED SPREADSHEETS ARE MAINTAINED TO EXPLAIN ALL LINE ITEMS OF THE 990 FORMS TO THE BOARD OF DIRECTORS, IF REQUESTED. THE CFO/TREASURER MAKES A PRESENTATION AT THE NEXT BOARD OF DIRECTOR MEETING TO UPDATE THE BOARD REGARDING THE FINANCIAL OPERATIONS OF THE FIRM. Form 990, Part VI, Section B, Line 12c Key personnel are required to disclose any financial, business and family relationships with major donors (if any) and grantee organizations Form 990, Part VI, Section C, Line 19 Governing documents and policies are provided upon written bequest.