Nonprofit · EIN 87-4085081
SOCIAL ALPHA INNOVATION FOUNDATION
Tax-exempt · SARATOGA, CA 95070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,029,455 | $884,652 | $144,803 | $386,915 | $49,559 | $337,356 |
| December 31, 2023 | 990 | $635,725 | $494,506 | $141,219 | $201,053 | $8,500 | $192,553 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,027,924
- Program service revenue
- $0
- Investment income
- $1,531
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $406,837
- Compensation of officers, directors and key employees
- $140,000
- Salaries, compensation and benefits (total)
- $155,077
- Professional fundraising fees
- $0
- Occupancy
- $60,000
- Travel
- $13,338
- Program services (functional)
- $824,652
- Management and general (functional)
- $60,000
Balance sheet and other
- Total assets, start of year
- $201,053
- Total assets, end of year
- $386,915
- Total liabilities, end of year
- $49,559
- Net assets, end of year
- $337,356
- Net assets without donor restrictions
- $31,496
- Net assets with donor restrictions
- $305,860
- Gross receipts
- $1,029,455
- Employees
- 1
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 |
|---|---|---|---|
| Vidya Phalke | CEO Trustee or director, Officer | 40 | $140,000 |
| Manoj Kumar | CFO Trustee or director | 1 | $0 |
| Shoma Bakre | Secretary Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vidya Phalke | CEO Trustee or director, Officer | 0 | $0 |
| Manoj Kumar | CFO Trustee or director | 0 | $0 |
| Shoma Bakre | Secretary Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 22005 DORSEY WAY, SARATOGA, CA 95070-5336
- In care of
- % DEBJANI DEB
- Principal officer (990 for 2024)
- Vidya Phalke, 22005 DORSEY WAY, SARATOGA, CA 95070
- Signed the 990
- Vidya Phalke, CEO
- Phone
- (339) 368-0358
- Return prepared by
- CHUGH CPAS LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 87-4085081 or by the name SOCIAL ALPHA INNOVATION 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 support science and technology innovations and social entrepreneurship in the developing or under developed countries to address the problems of climate change, healthcare, education and poverty
Program accomplishments
- "SAIF's mission is to support multiple innovations and projects that underscore its vision. This project here is to replace fossil fuel with clean fuel in a mini-grid that powers real rural communities in India. Success of this project will establish a real proof-point for subsequent projects."Expenses $824,652 · grants $406,837 · revenue $892,728
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
- 87-4085081
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U40)
- Assets (IRS master file)
- $386,915
- Income (IRS master file)
- $1,029,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,029,455 | $884,652 | $386,915 | XML |
| 990 | December 2023 | $635,725 | $494,506 | $201,053 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 87-4085081).
Questions about SOCIAL ALPHA INNOVATION FOUNDATION
- What is the EIN of SOCIAL ALPHA INNOVATION FOUNDATION?
- The employer identification number (EIN) of SOCIAL ALPHA INNOVATION FOUNDATION is 87-4085081.
- Is SOCIAL ALPHA INNOVATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SOCIAL ALPHA INNOVATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOCIAL ALPHA INNOVATION 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 SOCIAL ALPHA INNOVATION 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 SOCIAL ALPHA INNOVATION 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 SOCIAL ALPHA INNOVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names Vidya Phalke.
- Who are the officers and directors of SOCIAL ALPHA INNOVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $140,000 (Vidya Phalke, CEO).
- How much revenue does SOCIAL ALPHA INNOVATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,029,455, expenses of $884,652 and total assets of $386,915 at year end.
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