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Nonprofit · EIN 88-0766543

IISC FOUNDATION

Tax-exempt · ALLEN, TX 75002

Financials

$1.8M$1.8M2023$1.9M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of IISC FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,891,082$1,822,635$68,447$694,752$336,120$358,632
December 31, 2023990$1,788,167$1,764,290$23,877$308,708$18,523$290,185
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,882,201
Program service revenue
$0
Investment income
$8,881
Net gain from sales of assets
$3,421
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,806,491
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,500
Program services (functional)
$1,806,491
Management and general (functional)
$11,102
Fundraising (functional)
$5,042

Balance sheet and other

Total assets, start of year
$308,708
Total assets, end of year
$694,752
Total liabilities, end of year
$336,120
Net assets, end of year
$358,632
Gross receipts
$2,367,482
Employees
0
Volunteers
5
Year formed
2022
State of legal domicile
TX

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.

NameTitleHours / weekCompensation
GEORGE BRODYPRESIDENT
Trustee or director
15$0
PRAHLAD DODDABALLAPURDIRECTOR
Trustee or director, Officer
4$0
KATEPALLI RAJU SREENIVASANDIRECTOR
Trustee or director
3$0
MRINALINI LAKSHMINARAYANANDIRECTOR
Trustee or director
3$0
SHEKHAR KIRANIDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
GEORGE BRODYPRESIDENT
Trustee or director
15$0
PRAHLAD DODDABALLAPURDIRECTOR
Trustee or director, Officer
4$0
KATEPALLI RAJU SREENIVASANDIRECTOR
Trustee or director
3$0
MRINALINI LAKSHMINARAYANANDIRECTOR
Trustee or director
3$0
SHEKHAR KIRANIDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
910 CLOVE GLEN CT, ALLEN, TX 75002-8534
Principal officer (990 for 2024)
GEORGE BRODY, 910 CLOVE GLEN CT, ALLEN, TX 75002
Signed the 990
GEORGE BRODY, PRESIDENT
Phone
(214) 284-9027
Return prepared by
AHUJA & CONSULTANTS INC

Mission

THE SPECIFIC PURPOSE, MISSION, AND ACTIVITY OF THE CORPORATION IS TO SECURE FUNDING FOR PROMOTING EDUCATION, RESEARCH, TECHNOLOGY DEVELOPMENT, STARTUP INCUBATION, ACCELERATION, AND TRANSLATIONAL RESEARCH AT THE INDIAN INSTITUTE OF SCIENCE (IISC) IN BANGALORE,INDIA.

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPORT EDUCATION, RESEARCH, AND TECHNOLOGY AT THE INDIAN INSTITUTE OF SCIENCE (IISC) IN BANGALORE, INDIA, THE FOUNDATION ACCEPTS DONATIONS FROM U.S. DONORS. THESE CONTRIBUTIONS FUND EQUIPMENT, FACILITIES, LIBRARY RESOURCES, HOSPITAL COSTS, SCHOLARSHIPS, FELLOWSHIPS, ENDOWMENTS, AND FACULTY POSITIONS, ALL AIMED AT FURTHERING IISC'S MISSION.
    Expenses $1,806,491 · grants $1,806,491 · revenue $1,882,201

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-0766543
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$694,752
Income (IRS master file)
$2,367,482

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,891,082$1,822,635$694,752XML
990December 2023$1,788,167$1,764,290$308,708XML
990December 2022$272,953$6,645$266,308IRS

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 IISC FOUNDATION

What is the EIN of IISC FOUNDATION?
The employer identification number (EIN) of IISC FOUNDATION is 88-0766543.
Is IISC FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to IISC FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IISC 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 IISC 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 IISC 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 IISC FOUNDATION?
The 990 for the year ended December 31, 2024 names GEORGE BRODY.
Who are the officers and directors of IISC FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does IISC FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,891,082, expenses of $1,822,635 and total assets of $694,752 at year end.

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