Nonprofit · EIN 88-0942850
VNIT ALUMNI FOUNDATION OF AMERICA INC
Tax-exempt · SAN JOSE, CA 95131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $295,742 | $223,410 | $72,332 | $77,200 | $0 | $77,200 |
| December 31, 2023 | 990 | $20,805 | $67,550 | -$46,745 | $3,001 | $0 | $3,001 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $295,742
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $214,968
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $216,836
- Fundraising (functional)
- $6,574
Balance sheet and other
- Total assets, start of year
- $3,001
- Total assets, end of year
- $77,200
- Total liabilities, end of year
- $0
- Net assets, end of year
- $77,200
- Net assets without donor restrictions
- $77,200
- Gross receipts
- $295,742
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2022
- 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 |
|---|---|---|---|
| JAGDISH DESAI | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MILIND S GOKARN | DIRECTOR Trustee or director, Officer | 2 | $0 |
| VINITA PAUNIKAR | DIRECTOR Trustee or director, Officer | 1 | $0 |
| VENKAT MUKKAMALA | DIRECTOR Trustee or director, Officer | 2 | $0 |
| HARSHAD G KHADILKAR | DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAGDISH DESAI | DIRECTOR Trustee or director, Officer | – | $0 |
| MILIND S GOKARN | DIRECTOR Trustee or director, Officer | – | $0 |
| VINITA PAUNIKAR | DIRECTOR Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 2051 JUNCTION AVE STE 225, SAN JOSE, CA 95131-2114
- In care of
- % MILIND GOKARN
- Principal officer (990 for 2024)
- MILIND S GOKARN, 2051 JUNCTION AVE Ste 225, SAN JOSE, CA 95131
- Signed the 990
- MILIND GOKARN, DIRECTOR
- Phone
- (408) 425-9717
- Website
- www.vnitna.org
California records
California keeps its own records of charities and corporations. Search them by EIN 88-0942850 or by the name VNIT ALUMNI FOUNDATION OF AMERICA INC.
- 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
PROMOTE EDUCATIONAL, CULTURAL AND ALUMNI EVENTS FOR ALUMNI OF VNIT UNIVERSITY TO PROMOTE SOCIAL AND NETWORKING OPPORTUNITIES TO ENABLE ALUMNI HELP EACH OTHER.
Program accomplishments
- FOR A DEVELOPMENT OF A STUDENT AND ALUMNI CENTER AT MAIN CAMPUS OF VNIT, NAGPUR. TO ENABLE STUDENTS AND ALUMNI TO ENGAGE WITH INDUSTRY IN PROFESSIONAL SETTINGS.Expenses $214,968 · grants $214,968 · revenue $222,500
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
- 88-0942850
- 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)
- Employment (J22)
- Assets (IRS master file)
- $77,200
- Income (IRS master file)
- $295,742
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $295,742 | $223,410 | $77,200 | XML |
| 990 | December 2023 | $20,805 | $67,550 | $3,001 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-0942850).
Questions about VNIT ALUMNI FOUNDATION OF AMERICA INC
- What is the EIN of VNIT ALUMNI FOUNDATION OF AMERICA INC?
- The employer identification number (EIN) of VNIT ALUMNI FOUNDATION OF AMERICA INC is 88-0942850.
- Is VNIT ALUMNI FOUNDATION OF AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VNIT ALUMNI FOUNDATION OF AMERICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VNIT ALUMNI FOUNDATION OF AMERICA 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 VNIT ALUMNI FOUNDATION OF AMERICA INC 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 VNIT ALUMNI FOUNDATION OF AMERICA INC 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 VNIT ALUMNI FOUNDATION OF AMERICA INC?
- The 990 for the year ended December 31, 2024 names MILIND S GOKARN.
- Who are the officers and directors of VNIT ALUMNI FOUNDATION OF AMERICA INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does VNIT ALUMNI FOUNDATION OF AMERICA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $295,742, expenses of $223,410 and total assets of $77,200 at year end.
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