Nonprofit · EIN 85-3447003
IIT BHU FOUNDATION INC
Tax-exempt · LOUDONVILLE, NY 12211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,266,718 | $353,840 | $2,912,878 | $7,651,306 | $47,500 | $7,603,806 |
| December 31, 2024 | 990 | $1,262,604 | $307,297 | $955,307 | $5,180,493 | $0 | $5,180,493 |
| December 31, 2023 | 990 | $1,159,700 | $593,299 | $566,401 | $3,826,694 | $0 | $3,826,694 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,010,810
- Program service revenue
- $0
- Investment income
- $1,255,908
- Net gain from sales of assets
- $1,106,561
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $231,870
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $19,097
- Travel
- $4,430
- Program services (functional)
- $233,312
- Management and general (functional)
- $77,638
- Fundraising (functional)
- $42,890
Balance sheet and other
- Total assets, start of year
- $5,180,493
- Total assets, end of year
- $7,651,306
- Total liabilities, end of year
- $47,500
- Net assets, end of year
- $7,603,806
- Publicly traded securities
- $5,761,108
- Net assets without donor restrictions
- $7,603,806
- Gross receipts
- $3,420,930
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- NY
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 |
|---|---|---|---|
| SAGAR BHIMAVARAPU | CEO Trustee or director, Officer | 10 | $75,000 |
| VIKASH AGARWAL | SECRECTARY Trustee or director, Officer | 1 | $0 |
| NARESH JAIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SOUMYO SARKAR | DIRECTOR Trustee or director | 1 | $0 |
| RAMESH SRINIVASAN | DIRECTOR Trustee or director | 1 | $0 |
| RAJ YAVATKAR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAGAR BHIMAVARAPU | CEO Trustee or director, Officer | 10 | $75,000 |
| VIKASH AGARWAL | SECRECTARY Trustee or director, Officer | 1 | $0 |
| NARESH JAIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SOUMYO SARKAR | DIRECTOR Trustee or director | 1 | $0 |
| RAMESH SRINIVASAN | DIRECTOR Trustee or director | 1 | $0 |
| RAJ YAVATKAR | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAGAR BHIMAVARAPU | CEO Trustee or director, Officer | 10 | $57,967 |
| VIKASH AGARWAL | SECRECTARY Trustee or director, Officer | 1 | $0 |
| NARESH JAIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SOUMYO SARKAR | DIRECTOR Trustee or director | 1 | $0 |
| RAMESH SRINIVASAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 37 E COBBLE HILL RD, LOUDONVILLE, NY 12211-1312
- In care of
- % TERENCE J DEVINE
- Principal officer (990 for 2025)
- SAGAR BHIMAVARAPU, 37 E COBBLEHILL ROAD, LOUDONVILLE, NY 12211
- Signed the 990
- SAGAR BHIMAVARAPU, CEO
- Phone
- (609) 371-3927
- Website
- WWW.IITBHUFOUNDATION.ORG
- Return prepared by
- TEAL BECKER & CHIARAMONTE CPAS PC
Mission
THE FOUNDATION IS A U.S. "FRIENDS OF" ENTITY FORMED BY INDIVIDUALS WHO WISH TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA, WHICH IS EXPECTED TO BE THE PRINCIPAL (ALTHOUGH NOT NECESSARILY EXCLUSIVE) GRANTEE OF FUNDS DISTRIBUTED BY THE ORGANIZATION.
Program accomplishments
- TO GIVE GRANTS TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA.Expenses $233,312 · grants $231,870
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
- 85-3447003
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $7,651,306
- Income (IRS master file)
- $3,420,930
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,266,718 | $353,840 | $7,651,306 | IRS |
| 990 | December 2024 | $1,262,604 | $307,297 | $5,180,493 | IRS |
| 990 | December 2023 | $1,159,700 | $593,299 | $3,826,694 | XML |
| 990 | December 2022 | $1,918,267 | $2,729,585 | $2,962,424 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 85-3447003).
Questions about IIT BHU FOUNDATION INC
- What is the EIN of IIT BHU FOUNDATION INC?
- The employer identification number (EIN) of IIT BHU FOUNDATION INC is 85-3447003.
- Is IIT BHU FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to IIT BHU FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IIT BHU FOUNDATION 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 IIT BHU FOUNDATION INC 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 IIT BHU FOUNDATION INC 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 IIT BHU FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names SAGAR BHIMAVARAPU.
- Who are the officers and directors of IIT BHU FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $75,000 (SAGAR BHIMAVARAPU, CEO).
- How much revenue does IIT BHU FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,266,718, expenses of $353,840 and total assets of $7,651,306 at year end.
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