Nonprofit · EIN 77-0428724
IIT BOMBAY HERITAGE FOUNDATION
Tax-exempt · CUPERTINO, CA 95014
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,582,820 | $11,232,772 | $350,048 | $13,477,471 | $38,663 | $13,438,808 |
| December 31, 2023 | 990 | $11,512,619 | $10,700,574 | $812,045 | $13,116,156 | $27,396 | $13,088,760 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,921,889
- Program service revenue
- $144,407
- Investment income
- $516,524
- Net gain from sales of assets
- $6,417
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,895,779
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,049
- Program services (functional)
- $11,061,785
- Management and general (functional)
- $44,297
- Fundraising (functional)
- $126,690
Balance sheet and other
- Total assets, start of year
- $13,116,156
- Total assets, end of year
- $13,477,471
- Total liabilities, end of year
- $38,663
- Net assets, end of year
- $13,438,808
- Publicly traded securities
- $10,624,063
- Net assets without donor restrictions
- $2,149,744
- Net assets with donor restrictions
- $11,289,064
- Gross receipts
- $13,358,686
- Employees
- 0
- Year formed
- 1996
- 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 |
|---|---|---|---|
| Parag Saxena | Chairman Trustee or director, Officer | 1 | $0 |
| Abhi Gholap | Director Trustee or director | 1 | $0 |
| Sreedhar Kona | President Trustee or director, Officer | 5 | $0 |
| Ravishankar G | Director Trustee or director | 1 | $0 |
| Ankur Manake | Treasurer Trustee or director, Officer | 5 | $0 |
| Prof Anurag Mairal | Director Trustee or director | 1 | $0 |
| Vinaya Kapoor | Director Trustee or director | 1 | $0 |
| Yogesh Kher | Director Trustee or director | 1 | $0 |
| Prof Upendra V Bhandarkar | Director Trustee or director | 1 | $0 |
| Prof Shireesh Kedare | Director Trustee or director | 1 | $0 |
| Hemant Hebbar | Vice Treas/Secr Trustee or director, Officer | 7 | $0 |
| Balaji Srinivasan | Vice President Trustee or director, Officer | 6 | $0 |
| Beerud Sheth | Director Trustee or director | 1 | $0 |
| DC Agrawal | Director Trustee or director | 1 | $0 |
| Harsh Koppula | Director Trustee or director | 1 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kashyap Deorah | Director Trustee or director | 1 | $0 |
| Parul Gupta | Director Trustee or director | 1 | $0 |
| Radhika Venkatraman | Director Trustee or director | 1 | $0 |
| SHIVANI GOVIL | Director Trustee or director | 1 | $0 |
| Sunil Shenoy | Director Trustee or director | 1 | $0 |
| Sunita Parasuraman | Director Trustee or director | 1 | $0 |
| Suresh Shenoy | Director Trustee or director | 1 | $0 |
| Toos Daruvala | Director Trustee or director | 1 | $0 |
| Upal Ghosh | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Parag Saxena | Chairman Trustee or director, Officer | 1 | $0 |
| VINAY KARLE | President Trustee or director, Officer | 7 | $0 |
| Sreedhar Kona | Vice President Trustee or director, Officer | 5 | $0 |
| shamrao Kattimani | Treasurer Trustee or director, Officer | 7 | $0 |
| Ankur Manake | Vice- treasurer Trustee or director, Officer | 5 | $0 |
| Prof Anurag Mairal | Director Trustee or director | 1 | $0 |
| Vinaya Kapoor | Director Trustee or director | 1 | $0 |
| Yogesh Kher | Director Trustee or director | 1 | $0 |
| Prof Ravindra Gudi | Director Trustee or director | 1 | $0 |
| Prof Shireesh Kedare | Director Trustee or director | 1 | $0 |
| Apoorva Koticha | Director Trustee or director | 1 | $0 |
| Balaji Srinivasan | Director Trustee or director | 1 | $0 |
| Beerud Sheth | Director Trustee or director | 1 | $0 |
| DC Agrawal | Director Trustee or director | 1 | $0 |
| Gagan Singh | Director Trustee or director | 1 | $0 |
| Harsh Koppula | Director Trustee or director | 1 | $0 |
| Kashyap Deorah | Director Trustee or director | 1 | $0 |
| Parul Gupta | Director Trustee or director | 1 | $0 |
| Radhika Venkatraman | Director Trustee or director | 1 | $0 |
| SHIVANI GOVIL | Director Trustee or director | 1 | $0 |
| Sunil Shenoy | Director Trustee or director | 1 | $0 |
| Sunita Parasuraman | Director Trustee or director | 1 | $0 |
| Suresh Shenoy | Director Trustee or director | 1 | $0 |
| Toos Daruvala | Director Trustee or director | 1 | $0 |
| Upal Ghosh | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 21710 STEVENS CREEK BLVD STE 115, CUPERTINO, CA 95014-1199
- Principal officer (990 for 2024)
- Ankur Manake, 21710 Stevens Creek Boulevard 115, Cupertino, CA 95014
- Signed the 990
- Ankur Manake, Treasurer
- Phone
- (408) 252-1664
- Website
- WWW.IITBOMBAY.ORG
- Return prepared by
- WEBER & COMPANY INC
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0428724 or by the name IIT BOMBAY HERITAGE FOUNDATION.
- 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
To Promote education, scientific and technological research activities at IIT Bombay
Program accomplishments
- Programs Services Accomplishment include the following Grants to IIT Bombay from the IIT Bombay Heritage Foundation in 2024SCHOLARSHIPS, EXCELLENCE AWARDS & CHAIRSOver 750 continuing Endowed Scholarships as well as numerous Chair Professorships were awarded in 2024.50 new Scholarship awards were made to students in various departments.A grant was made towards the Women Faculty Chair Professorship in the Electrical Engineering Dept. A grant was made towards the Vijay & Sita Vashee Chair in Computer Science Dept.A grant was made towards the Vijay & Sita Vashee Chair in Climate & Sustainability at IIT Bombay. A grant was made towards the Vijay Vashee Computer Science Fellowship Award Endowment.A grant was made towards the Vijay Vashee Climate Change Fellowship Award Endowment.A grant was made towards the DMD Chair.A grant was made to support the Kanitkar Merit Award(s) in the Department of Civil Engineering at IITB for academic year 2024-25.A grant was made to support Prof. S. C. Sahasrabudhe (SCS) Teaching Excellence Award at IIT Bombay.A grant was made towards creation of the Vinaya and Samir Kapoor Competition & Awards for ACcelerating Climate Energy & Sustainability Solutions (ACCESS) at IIT Bombay.A grant was made towards the creation of the Vinaya and Samir Kapoor Summer Program for Undergraduate Research in Sustainability (SPURS) at IIT Bombay.FACULTY AND STUDENT DEVELOPMENT GRANTS A 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 for the Development and execution of a research project on postpartum depression at IIT Bombay.A grant was made towards the Women Empowerment at IIT Bombay.A grant was made to support the Semiconductor research and academic programs at IIT Bombay.A grant was made to support the Strategic Initiatives at IIT Bombay.A grant was made to the Unmesh Mashruwala Innovation Cell (UMIC) at IIT Bombay.A grant was made to support the research led by Prof. K. Ramasubramanian at IIT Bombays Cell for Indian Sciences and Technology in Sanskrit.A grant was made towards the Post-doctoral research fellowship for research around Traditional Indian Knowledge Systems at IIT Bombay.A grant was made towards IT Training to teachers and students of 100 schools in India.FACILITIES, EQUIPMENT AND INFRASTRUCTURE DEVELOPMENT GRANTA grant was made to the Wadhwani Research Center for Bioengineering (WRCB) Phase II at IITB.A grant was made to the Wadhwani Electronics Lab (WEL) at IITB.A grant was made to the Dr. Varun Bhalerao Astronomy Lab.A grant was made to the Surendra and Karen Gupta Lecture Tutorial Hall.A grant was made towards the MBF Technovation Sandbox Program at IIT Bombay.A grant was made to the FedEx Center for Advanced Logistics and Analytics at IIT Bombay.A grant was made to the Koita Centre for Digital Health (KCDH).A grant was made to the Shenoy Innovation Studio at Industrial Design Centre, IIT Bombay.A grant was made to the IIT Bombay Racing team.A grant was made towards the MBF Invention Factory Project at IIT Bombay.A grant was made towards the MBF to support the establishment of a collaborative learning classroom (CC) and an experiential learning lab (EL) at the Department of Electrical Engineering.A 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 Bombay.A grant was made to support the Development of Green Energy and Sustainability Hub.A grant was made to support the Alumni-led Hostel Reconstruction Project Evergreen at IIT Bombay.A 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.Support to the Class of 1973 Golden Jubilee Reunion Legacy Project at IIT Bombay.Support to the Class of 1994 Silver Jubilee Reunion Legacy Project at IIT Bombay.WEB 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.Expenses $11,061,785 · grants $10,895,779 · revenue $11,073,013
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
- 77-0428724
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q113)
- Assets (IRS master file)
- $13,477,471
- Income (IRS master file)
- $13,358,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,582,820 | $11,232,772 | $13,477,471 | IRS |
| 990 | December 2023 | $11,512,619 | $10,700,574 | $13,116,156 | XML |
| 990 | December 2022 | $3,951,115 | $2,895,699 | $12,314,331 | IRS |
| 990 | 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 77-0428724).
Questions about IIT BOMBAY HERITAGE FOUNDATION
- What is the EIN of IIT BOMBAY HERITAGE FOUNDATION?
- The employer identification number (EIN) of IIT BOMBAY HERITAGE FOUNDATION is 77-0428724.
- Is IIT BOMBAY HERITAGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to IIT BOMBAY HERITAGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IIT BOMBAY HERITAGE 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 IIT BOMBAY HERITAGE 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 IIT BOMBAY HERITAGE 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 IIT BOMBAY HERITAGE FOUNDATION?
- The 990 for the year ended December 31, 2024 names Ankur Manake.
- Who are the officers and directors of IIT BOMBAY HERITAGE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does IIT BOMBAY HERITAGE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,582,820, expenses of $11,232,772 and total assets of $13,477,471 at year end.
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