Nonprofit · EIN 20-5139364
ASSET INDIA FOUNDATION
Tax-exempt · JERSEY CITY, NJ 07310
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,597,876 | $1,927,670 | -$329,794 | $510,431 | $0 | $510,431 |
| December 31, 2024 | 990 | $697,850 | $208,173 | $489,677 | $840,225 | $0 | $840,225 |
| December 31, 2023 | 990 (amended) | $1,598,878 | $1,521,793 | $77,085 | $77,085 | $0 | $77,085 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,597,876
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,920,582
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,838
- Program services (functional)
- $1,920,582
- Management and general (functional)
- $7,088
Balance sheet and other
- Total assets, start of year
- $840,225
- Total assets, end of year
- $510,431
- Total liabilities, end of year
- $0
- Net assets, end of year
- $510,431
- Gross receipts
- $1,597,876
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE UMASHANKAR | DIRECTOR Trustee or director | 10 | $0 |
| NITA UMASHANKAR | DIRECTOR Trustee or director | 10 | $0 |
| RAMON UMASHANKAR | EXECUTIVE DIRECTOR Trustee or director | 30 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE UMASHANKAR | DIRECTOR Trustee or director | 10 | $0 |
| NITA UMASHANKAR | DIRECTOR Trustee or director | 10 | $0 |
| RAMON UMASHANKAR | EXECUTIVE DIRECTOR Trustee or director | 30 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUE UMASHANKAR | DIRECTOR Trustee or director | 10 | $0 |
| NITA UMASHANKAR | DIRECTOR Trustee or director | 10 | $0 |
| RAMON UMASHANKAR | EXECUTIVE DIRECTOR Trustee or director | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 111 TOWN SQUARE PL STE 1203, JERSEY CITY, NJ 07310-2784
- In care of
- % RAMON UMASHANKAR
- Principal officer (990 for 2025)
- Ray Umashankar, 1041 West Thorn Street, San Diego, CA 92103
- Signed the 990
- Ray Umashankar, executive director
- Phone
- (520) 869-2004
- Website
- WWW.MILAAP.ORG
- Return prepared by
- BRUCE E BERNSTIEN & ASSOCIATES
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5139364
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $510,431
- Income (IRS master file)
- $1,597,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,597,876 | $1,927,670 | $510,431 | XML |
| 990 | December 2024 | $697,850 | $208,173 | $840,225 | XML |
| 990 | December 2023 | $4,820,662 | $4,743,763 | $76,899 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5139364).
Questions about ASSET INDIA FOUNDATION
- What is the EIN of ASSET INDIA FOUNDATION?
- The employer identification number (EIN) of ASSET INDIA FOUNDATION is 20-5139364.
- Is ASSET INDIA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to ASSET INDIA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSET INDIA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSET INDIA FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSET INDIA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ASSET INDIA FOUNDATION?
- The 990 for the year ended December 31, 2025 names Ray Umashankar.
- Who are the officers and directors of ASSET INDIA FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does ASSET INDIA FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,597,876, expenses of $1,927,670 and total assets of $510,431 at year end.
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