Nonprofit · EIN 82-2933252
MAKER BHAVAN FOUNDATION
Tax-exempt · PALO ALTO, CA 94301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $9,665,194 | $343,700 | $9,321,494 | $9,968,547 | $7,550 | $9,960,997 |
| December 31, 2024 | 990 | $940,846 | $648,225 | $292,621 | $639,503 | $0 | $639,503 |
| December 31, 2023 | 990 | $602,283 | $497,259 | $105,024 | $348,467 | $1,585 | $346,882 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $9,616,593
- Program service revenue
- $0
- Investment income
- $48,601
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $207,156
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $60,871
- Salaries, compensation and benefits (total)
- $60,871
- Professional fundraising fees
- $0
- Legal fees
- $4,997
- Depreciation
- $1,618
- Program services (functional)
- $207,156
- Management and general (functional)
- $127,291
- Fundraising (functional)
- $9,253
Balance sheet and other
- Total assets, start of year
- $639,503
- Total assets, end of year
- $9,968,547
- Total liabilities, end of year
- $7,550
- Net assets, end of year
- $9,960,997
- Land, buildings and equipment
- $2,188
- Publicly traded securities
- $9,684,608
- Net assets without donor restrictions
- $9,960,997
- Gross receipts
- $9,665,194
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2017
- 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 |
|---|---|---|---|
| Subhash Tantry | Treasurer Trustee or director, Officer | 2 | $0 |
| dr hemant Kanakia | Chairman Trustee or director, Officer | 1 | $0 |
| Ashish Vengsarkar | Secretary Trustee or director, Officer | 1 | $0 |
| ajay lavakare | Director Trustee or director | 1 | $0 |
| dr Ranbir Singh | Director Trustee or director | 1 | $0 |
| Dr Ravi Mariwala | Director Trustee or director | 1 | $0 |
| S M saraf | Director Trustee or director | 1 | $0 |
| shaibal roy | Director Trustee or director | 1 | $0 |
| Ruyintan Mehta | President Trustee or director, Officer | 2 | $0 |
| Prof Timothy A Gonsalvas | Director Trustee or director | 1 | $0 |
| pari Choksi | Director Trustee or director | 1 | $0 |
| Paula Mariwala | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Subhash Tantry | Treasurer Trustee or director, Officer | 2 | $0 |
| ruyintan Mehta | President Trustee or director, Officer | 1 | $0 |
| dr hemant Kanakia | Chairman Trustee or director, Officer | 1 | $0 |
| Ashish Vengsarkar | Secretary Trustee or director | 1 | $0 |
| ajay lavakare | Director Trustee or director | 1 | $0 |
| dr Ranbir Singh | Director Trustee or director | 1 | $0 |
| paula mariwala | Director Trustee or director | 1 | $0 |
| Dr Ravi Mariwala | Director Trustee or director | 1 | $0 |
| sudarshan saraf | Director Trustee or director | 1 | $0 |
| shaibal roy | Director Trustee or director | 1 | $0 |
| Dr Timothy Gonsalves | Director Trustee or director | 1 | $0 |
| kirat Patel | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Subhash Tantry | Treasurer Trustee or director, Officer | 2 | $0 |
| ruyintan Mehta | President Trustee or director, Officer | 1 | $0 |
| dr hemant Kanakia | Chairman Trustee or director, Officer | 1 | $0 |
| Ashish Vengsarkar | Secretary Trustee or director | 1 | $0 |
| ajay lavakare | Director Trustee or director | 1 | $0 |
| paula mariwala | Director Trustee or director | 1 | $0 |
| Dr Ravi Mariwala | Director Trustee or director | 1 | $0 |
| sudarshan saraf | Director Trustee or director | 1 | $0 |
| shaibal roy | Director Trustee or director | 1 | $0 |
| Dr Timothy Gonsalves | Director Trustee or director | 1 | $0 |
| Pari Choksi | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1228 HARKER AVE, PALO ALTO, CA 94301-3422
- Mailing address (990-N for 2019)
- 1228 Harker Ave, Palo Alto CA 94301
- Principal officer (990 for 2025)
- Subhash Tantry, 1228 Harker Avenue, Palo Alto, CA 94301
- Principal officer (990-N for 2019)
- Subhash Tantry, 1228 Harker Ave, Palo Alto CA 94301
- Signed the 990
- Subhash Tantry, Treasurer
- Phone
- (650) 346-6300
- Website
- makerbhavanfoundation.org
- Return prepared by
- WEBER & COMPANY INC
California records
California keeps its own records of charities and corporations. Search them by EIN 82-2933252 or by the name MAKER BHAVAN 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 enable Stem Education in India to train students to be innovative and job-ready upon graduation. The foundation acts as a global resource for Indian engineering colleges to provide access to tools, equipment, financial resources, and knowledge so that the education imparted is more relevant and responsive to the real life needs of students and society at large.
Program accomplishments
- Tinkerers Labs are 24/7 student-managed academic makerspaces equipped with advanced fabrication tools (3D printers, CNC machines, laser cutters) that allow students to transition from theoretical concepts to real-world prototypes. MBF significantly accelerated its footprint in 2025. By the end of this reporting cycle, the foundation has established a total of 17 operational labs across India. A strategic priority was placed on less well-resourced institutions to democratize innovation. To date, over 100,000 students have benefited from the TL network.In 2025, MBF supported the establishment of 6 new labs namely - NIE Mysuru, IIT Jodhpur, Chitkara University, Ahmedabad University, and Prince Sri Venkateshwara Padmavathy Engineering College and College of Engineering Roorkee.The total cost of setting up these facilities in 2025 was USD 124,839.83In September 2025. MBF entered a landmark partnership with the All India Council for Technical Education (AICTE) and other collaborators to launch Project PRACTICE (Project for Advancing Critical Thinking, Industry Connect and Employability). This initiative aims to reach 1,000 Tier II and Tier III engineering colleges over three years, impacting 5 lakh+ students and 10,000+ faculty members. MBF serves as a key enabler by providing its proprietary Management Information System (MIS) for lab utilization and driving the "Innovation and Project-Based Learning" pillars of the program.Expenses $124,840 · grants $124,840
- Invention Factory (IF) rebranded as InventX--An existing program of the Foundation, Invention Factory rebranded as InventX is an intensive six-week residential summer program in inventing for undergraduate engineering and design students in India. To date, a total of 265 students from 20 IITs and 18 NITs have participated in the program with 124 provisional patent applications filed in India and the USA. In 2025, we received 890 applications from 480 unique colleges, ultimately hosting the final selected students at IIT Gandhinagar and IIT Jammu. The cost incurred for this programme was USD 70,694 in 2025.Expenses $70,694 · grants $70,694
- Maker Bhavan Our largest academic makerspace at IIT Gandhinagar supports approximately 15 courses and project workshops conducted by facility staff. In the year 2025, a Makerspace summit was held for which the cost MBF contributed USD 11,560.Expenses $11,560 · grants $11,560
- Vishwakarma Award, was launched in 2022, as an annual nationwide thematic challenge to encourage talented student teams to build innovative, impactful, deployable prototypes rapidly. In the first edition in 2022, 120 teams with a total of 300 plus students, from across India participated in the field of Water and Sanitation. The 2025, Vishwakarma Awards attracted 1,054 team applications from 3,616 students across India, Bangladesh, Sri Lanka, Bhutan, and Nepal, culminating in a grand finale at IIT Indore following an intensive bootcamp. Supported by industry partners MathWorks, Addverb, Technocraft, WingsEV, and Alkyl Amines, the competition challenged participants to innovate within the themes of smart mobility, healthtech, and intelligent machines. The total cost of this programme was USD 62.07.Expenses $62 · grants $62
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
- 82-2933252
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $9,968,547
- Income (IRS master file)
- $9,665,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $9,665,194 | $343,700 | $9,968,547 | IRS |
| 990 | December 2024 | $940,846 | $648,225 | $639,503 | XML |
| 990 | December 2023 | $602,283 | $497,259 | $348,467 | XML |
| 990 | December 2022 | $478,917 | $712,334 | $246,428 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Subhash Tantry | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-2933252).
Questions about MAKER BHAVAN FOUNDATION
- What is the EIN of MAKER BHAVAN FOUNDATION?
- The employer identification number (EIN) of MAKER BHAVAN FOUNDATION is 82-2933252.
- Is MAKER BHAVAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MAKER BHAVAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAKER BHAVAN 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 MAKER BHAVAN 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 MAKER BHAVAN 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 MAKER BHAVAN FOUNDATION?
- The 990 for the year ended December 31, 2025 names Subhash Tantry.
- Who are the officers and directors of MAKER BHAVAN FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does MAKER BHAVAN FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $9,665,194, expenses of $343,700 and total assets of $9,968,547 at year end.
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