Nonprofit · EIN 46-0691011
AVASANT FOUNDATION
Tax-exempt · EL SEGUNDO, CA 90245
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $419,508 | $195,562 | $223,946 | $1,446,879 | $32,880 | $1,413,999 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $149,562
- Program service revenue
- $8,284
- Investment income
- $0
- Net income from fundraising events
- $261,662
- Other revenue
- $261,662
Expenses
- Grants and similar amounts paid
- $25,000
- Salaries, compensation and benefits (total)
- $4,050
- Professional fundraising fees
- $0
- Accounting fees
- $2,200
- Travel
- $12,367
- Program services (functional)
- $193,027
- Management and general (functional)
- $2,535
Balance sheet and other
- Total assets, start of year
- $1,209,479
- Total assets, end of year
- $1,446,879
- Total liabilities, end of year
- $32,880
- Net assets, end of year
- $1,413,999
- Gross receipts
- $493,812
- Employees
- 0
- Volunteers
- 17
- Year formed
- 2012
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHITRA RAJESHWARI | EXEC DIRECTOR Trustee or director, Officer | 20 | $4,049 |
| KEVIN PARIKH | CHAIRMAN Trustee or director, Officer | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1960 E GRAND AVE STE 1050, EL SEGUNDO, CA 90245-5096
- In care of
- % KEVIN S PARIKH
- Mailing address (990-N for 2013)
- 1960 E Grand Ave Ste 1050, El Segundo CA 902455096
- Principal officer (990 for 2024)
- KEVIN PARIKH, 1960 E GRAND AVENUE 1050, EL SEGUNDO, CA 90245
- Principal officer (990-N for 2013)
- Kevin Parikh, 1960 E Grand Ave Ste 1050, El Segundo CA 902455096
- Signed the 990
- KEVIN PARIKH, CHAIRMAN
- Phone
- (310) 643-3030
- Website
- www.avasantfoundation.org
- Return prepared by
- WRIGHT FORD YOUNG & CO
Mission
AVASANT FOUNDATION'S MISSION IS TO IMPROVE LIVES AND COMMUNITIES BY EMPOWERING YOUTH AND WOMEN IN EMERGING ECONOMIES THROUGH EDUCATION, EMPLOYMENT AND ENTREPRENEURSHIP. THE FOUNDATION'S IMPACT IS ALIGNED TO THE SUSTAINABLE DEVELOPMENT GOALS, #1, #4, #5, #8, #10 AND #17.
Program accomplishments
- OVERALL ACHIEVEMENTS IN 2024:OVER 52,000 LIVES IMPACTED2700+ CANDIDATES GRADUATED DIRECTLY FROM THE AVASANT DIGITAL SKILLS AND ENTREPRENEURS TRAINING PROGRAMSOVER 100+ LEADING EMPLOYERS SUPPORT THE IMPACT OF THE TRAINING BY HIRING OUR GRADUATES60 + PARTNERSHIPS WITH EDUCATIONAL AND PRIVATE AND PUBLIC SECTOR90-95% SUCCESS RATE OF JOB HIRES FOR GRADUATES WITHIN 3 MONTHS OF GRADUATION100% DIVERSITY AND INCLUSION, WITH OVER 65% FEMALE PARTICIPATIONExpenses $64,343 · grants $25,000
- IN 2024:GUYANA: IN PARTNERSHIP WITH INTER-AMERICAN DEVELOPMENT BANK LAB, AND THE UNIVERSITY OF GUYANA THE AVASANT DIGITAL SKILLS TRAINING PROGRAM GRADUATED THE FOLLOWING:DIGITAL SKILLS 105, DIGITAL ENTREPRENEURSHIP 62, ADVANCED DIGITAL SKILLS AI/ML 59, PILOT WITH HIGH SCHOOL STUDENTS 30THE BAHAMAS: IN PARTNERSHIP WITH THE INTER-AMERICAN DEVELOPMENT BANK, LAB AND THE UNIVERSITY OF THE BAHAMAS THE AVASANT DIGITAL SKILLS TRAINING PROGRAM GRADUATED 170IN USA REGION AVASANT DIGITAL SKILLS OFFERED A PILOT FOR 15 AND TYE ENTREPRENEUR PROGRAM SUPPORTING YOUNG ENTREPRENEURSExpenses $64,342
- AVASANT FOUNDATION SUPPORTED STEM AND ENTREPRENEURSHIP EDUCATION FOR DISADVANTAGED YOUTH IN THE UNITED STATES AS WELL AS OTHER INITIATIVES IN PARTNERSHIP WITH NON-PROFIT ORGANIZATIONS.Expenses $64,342
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0691011
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $1,446,879
- Income (IRS master file)
- $493,812
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $419,508 | $195,562 | $1,446,879 | XML |
| 990 | December 2023 | $923,356 | $245,102 | $1,209,479 | IRS |
| 990 | December 2022 | $371,573 | $331,116 | $541,225 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Kevin Parikh | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about AVASANT FOUNDATION
- What is the EIN of AVASANT FOUNDATION?
- The employer identification number (EIN) of AVASANT FOUNDATION is 46-0691011.
- Is AVASANT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to AVASANT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AVASANT 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 AVASANT FOUNDATION 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 AVASANT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AVASANT FOUNDATION?
- The 990 for the year ended December 31, 2024 names KEVIN PARIKH.
- Who are the officers and directors of AVASANT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $4,049 (CHITRA RAJESHWARI, EXEC DIRECTOR).
- How much revenue does AVASANT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $419,508, expenses of $195,562 and total assets of $1,446,879 at year end.
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