Nonprofit · EIN 43-2047118
PANIIT INC
Tax-exempt · FREMONT, CA 94539
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $80,522 | $81,014 | -$492 | $258,013 | – | $258,013 |
| December 31, 2023 | 990-EZ | $80 | $75,710 | -$75,630 | $258,505 | – | $258,505 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $80,512
- Other revenue
- $10
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $62,460
- Occupancy
- $1,808
- Other expenses
- $16,746
Balance sheet and other
- Total assets, start of year
- $258,505
- Total assets, end of year
- $258,013
- Total liabilities, end of year
- –
- Net assets, end of year
- $258,013
- Cash, savings and investments
- $258,013
- Gross receipts
- $80,522
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Animesh Pathak | President | 4 | $0 |
| Amit Arora | Vice President and Secretary | 4 | $0 |
| Huzefa Shakir | CFO & Treasurer | 8 | $0 |
| Ravi Sharma | Chapter Representative | 4 | $0 |
| Witty Bindra | Prominent Alumnus | 4 | $0 |
| Mohit Bansal | IIT Representative | 4 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ron Gupta | President | 4 | $0 |
| Animesh Pathak | Vice President and Secretary | 4 | $0 |
| Huzefa Shakir | CFO & Treasurer | 8 | $0 |
| Ravi Sharma | Chapter Representative | 4 | $0 |
| Witty Bindra | Prominent Alumnus | 4 | $0 |
| Mohit Bansal | IIT Representative | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 47000 WARM SPRINGS BLVD, FREMONT, CA 94539-7467
- In care of
- % HUZEFA SHAKIR
- Signed the 990-EZ
- HUZEFA SHAKIR, CFO AND TREASURER
- Phone
- (979) 450-1769
- Website
- WWW.IIT.ORG
- Return prepared by
- RAYEBIZ LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 43-2047118 or by the name PANIIT INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Offer common Alumni Services
Program accomplishments
- Offer common Alumni Services to help alumni
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 43-2047118
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B84)
- Assets (IRS master file)
- $258,013
- Income (IRS master file)
- $80,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $80,522 | $81,014 | $258,013 | XML |
| 990-EZ | December 2023 | $80 | $75,710 | $258,505 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 43-2047118).
Questions about PANIIT INC
- What is the EIN of PANIIT INC?
- The employer identification number (EIN) of PANIIT INC is 43-2047118.
- Is PANIIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to PANIIT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PANIIT INC 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 PANIIT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PANIIT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of PANIIT INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PANIIT INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $80,522, expenses of $81,014 and total assets of $258,013 at year end.
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