IIT BOMBAY HERITAGE FOUNDATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- IIT BOMBAY HERITAGE FOUNDATION (EIN 77-0428724)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202213199349324771
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T14:20:16-08:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 273731178 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEBER & COMPANY INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 THE ALAMEDA STE 380 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95126 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770428724 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IIT Bombay Heritage Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IITB | BusinessNameControlTxt |
| Phone | 4082521664 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21710 Stevens Creek Boulevard 115 | AddressLine1Txt |
| City | Cupertino | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95014 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Suhasini Sabnis | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Suhasini | PersonFirstNm |
| Person Last | Sabnis | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Trevor Thomas | PreparerPersonNm |
| PTIN | P01081612 | PTIN |
| Phone | 4089316201 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Suhasini Sabnis | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21710 Stevens Creek Boulevard 115 | AddressLine1Txt |
| City | Cupertino | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95014 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,243,234 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ITTBOMBAY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | To Promote education, scientific and technological research activities at IIT Bombay | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $3,022,795 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,065,484 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,275 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $346 | CYProgramServiceRevenueAmt |
| PY Investment Income | $188,391 | PYInvestmentIncomeAmt |
| CY Investment Income | $442,205 | CYInvestmentIncomeAmt |
| PY Other Revenue | $273 | PYOtherRevenueAmt |
| CY Other Revenue | $442 | CYOtherRevenueAmt |
| PY Total Revenue | $3,212,734 | PYTotalRevenueAmt |
| CY Total Revenue | $5,508,477 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,466,611 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,618,076 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $88,604 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $162,219 | PYOtherExpensesAmt |
| CY Other Expenses | $172,646 | CYOtherExpensesAmt |
| PY Total Expenses | $2,628,830 | PYTotalExpensesAmt |
| CY Total Expenses | $3,790,722 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $583,904 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,717,755 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,385,229 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,247,779 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $25,185 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $26,480 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $9,360,044 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,221,299 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To Promote education, scientific and technological research activities at IIT Bombay | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $3,667,105 | ExpenseAmt |
| Grant | $3,618,076 | GrantAmt |
| Revenue | $5,066,273 | RevenueAmt |
| Desc | Programs Services Accomplishment include the following Grants to IIT Bombay from the IIT Bombay Heritage Foundation in 2020SCHOLARSHIPS, EXCELLENCE AWARDS & CHAIRSOver 544 continuing Endowed Scholarships as well as numerous Chair Professorships were awarded in 2020.38 new Named Scholarship awards for students in various departments.A grant was made to support the Financial Aid Program (FAP). A grant was made towards the Himanshu Patel Chair for Applied BioSciences at IIT Bombay.FACULTY AND STUDENT DEVELOPMENT GRANTS A grant was made to support the IITBHF Every IITB Student Online initiative/COVID-19 Assistance Remote Learning Project at IIT Bombay A grant was made to support the Student Development FundA grant was made to support the Young Faculty Awards (YFA)A grant was made to support the Varadarajan and Mythili Chari Fund to support Econometrics Research Program in the HSS Department at IITB.A grant was made to support the support Center for Policy Studies Development Fund at IIT BombayA grant was made to support the Retired Faculty Wellness Fund at IIT BombayFACILITIES, EQUIPMENT AND INFRASTRUCTURE DEVELOPMENT GRANTA grant was made to the Wadhwani Research Center for Bioengineering (WRCB) Phase II at IITBA grant was made to the Wadhwani Electronics Lab (WEL) at IITBA grant was made to support the UMIC students Flipkart Challenge SponsorshipA grant was made to support the Invention Factory Program made possible with the funds granted by the Maker Bhavan FoundationA grant was made to the Shenoy Innovation Studio at IIT Bombay.A grant was made to the Brijraj Chandra Mansingh Chemical Instrumentation Laboratory in the Department of Chemistry.A grant was made to support research work by Professor Souvik Mahapatra, Department of Electrical Engineering, at IIT Bombay. These funds are designated for the study of reliability in CMOS logic and NAND memory devices. This grant was made possible by the contribution received from the Micron Foundation.A grant was made to support Spoken Tutorials Project conducted by IITB.In the year 2020, Hostel Alumni Team Stewardship grants were sent for benefit of Hostels, 2, 3, 4, 5, 6, 7, and 8.A grant was made to support the Class of 1969 Legacy Project at IIT BombayA grant was made to support the Class of 1986 Legacy Project at IIT BombayA grant was made to support the Class of 1990 Legacy Project at IIT Bombay A grant was made to support the Class of 1992 Legacy Project at IIT Bombay A grant was made to support the Class of 1993 Legacy Project at IIT Bombay A grant was made to support the Class of 1994 Legacy Project at IIT Bombay A grant was made to support the Class of 1998 Gift to IIT Bombay WEB BASED SERVICESIn addition to the above grants, IIT Bombay Heritage Foundation provides the following services:Webinars, Class Reunion activities, and Chapter activities have been conducted online in 2020 due to the COVID-19 pandemic.Alumni web portal www.iitbombay.org which is feature rich. It provides a platform for alumni to interact individually and as a group. The new alumni portal allows alumni to connect with IITB related social media platforms. Facebook, Twitter and LinkedIn newsfeeds and links are provided on the platform.Google administered @iitbombay.org mailboxes.Chat Rooms, Bulletin Boards and Alumni Needs section.Job Board on Alumni Portal. | Desc |
| Total Program Service Expenses | $3,667,105 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Subha Sriraman | PersonNm |
| Phone | 4082521661 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21710 STEVENS CREEK BLVD 115 | AddressLine1Txt |
| City | CUPERTINO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95014 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| Suhasini Sabnis | |||||||
| Treasurer | 7.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Jignesh Patel | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| shamrao Kattimani | |||||||
| Vice Treasurer | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Suresh Shenoy | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Nitish Thakor | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Sunita Parasuraman | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Sreedhar Kona | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| PROF SUBHASIS CHAUDHURI | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Radhika Venkataraman | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DC Agrawal | |||||||
| President | 7.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Prof Suhas Joshi | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Anurag Mairal | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Gagan Singh | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Apoo Koticha | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Prof Pratim Biswas | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| RAJ MASHRUWALA | |||||||
| Chairman | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SHAILESH MEHTA | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Rajkishore Govindu | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Rajesh Radhakrishnan | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| VINAY KARLE | |||||||
| Vice President | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Parasvil Patel | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SHIVANI GOVIL | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| sunil Shenoy | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Harsh Koppula | |||||||
| Director | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $5,065,484 | AllOtherContributionsAmt |
| Noncash Contributions | $805,513 | NoncashContributionsAmt |
| Total Contributions | $5,065,484 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | contributio alumni events | Desc |
| Total Revenue Column | $346 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $346 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $346 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,495 | TotalRevenueColumnAmt |
| Exclusion | $14,495 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,162,467 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $734,757 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $427,710 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $427,710 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $427,710 | RelatedOrExemptFuncIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| Other Income | $442 | $442 |
| Souveniors income |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $442 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,508,477 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $428,498 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $14,495 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,618,076 | TotalAmt |
| Program Services | $3,618,076 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,396 | TotalAmt |
| Program Services | $2,636 | ProgramServicesAmt |
| Management And General | $1,074 | ManagementAndGeneralAmt |
| Fundraising | $3,686 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,278 | TotalAmt |
| Program Services | $2,238 | ProgramServicesAmt |
| Management And General | $911 | ManagementAndGeneralAmt |
| Fundraising | $3,129 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,244 | TotalAmt |
| Program Services | $516 | ProgramServicesAmt |
| Management And General | $1,212 | ManagementAndGeneralAmt |
| Fundraising | $516 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,390 | TotalAmt |
| Management And General | $6,390 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CONSULTING | $85,889 | $30,611 | $12,468 | $42,810 |
| BANK SERVICE CHARGES | $20,946 | $20,946 | ||
| WEB service charges | $13,856 | $8,313 | $1,386 | $4,157 |
| Printing and Publications | $10,065 | $2,187 | $7,878 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,582 | TotalAmt |
| Program Services | $4,715 | ProgramServicesAmt |
| Management And General | $9,385 | ManagementAndGeneralAmt |
| Fundraising | $5,482 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,790,722 | TotalAmt |
| Program Services | $3,667,105 | ProgramServicesAmt |
| Management And General | $35,013 | ManagementAndGeneralAmt |
| Fundraising | $88,604 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $439,396 | BOYAmt |
| EOY | $1,532,314 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,627 | BOYAmt |
| EOY | $10,628 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,300 | BOYAmt |
| EOY | $136,851 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,985 | BOYAmt |
| EOY | $6,284 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $15,946 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,946 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,731,490 | BOYAmt |
| EOY | $9,413,780 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,431 | BOYAmt |
| EOY | $147,922 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,385,229 | BOYAmt |
| EOY | $11,247,779 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,185 | BOYAmt |
| EOY | $26,480 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,185 | BOYAmt |
| EOY | $26,480 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,681,136 | BOYAmt |
| EOY | $1,787,002 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,678,908 | BOYAmt |
| EOY | $9,434,297 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,360,044 | BOYAmt |
| EOY | $11,221,299 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,385,229 | BOYAmt |
| EOY | $11,247,779 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,717,755 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $143,500 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,633,942 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,394,074 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,920,018 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,022,795 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,065,484 | CurrentTaxYearAmt |
| Total | $17,036,313 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,633,942 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,394,074 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,920,018 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,022,795 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,065,484 | CurrentTaxYearAmt |
| Total | $17,036,313 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,281,757 | SubstantialContributorsTotAmt |
| Public Support Total170 | $11,754,556 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $53,640 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $42,138 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $58,930 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $26,401 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,495 | CurrentTaxYearAmt |
| Total | $195,604 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $21,705 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,041 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $273 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $442 | CurrentTaxYearAmt |
| Total | $23,503 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $17,255,420 | TotalSupportAmt |
| Public Support CY170 | 0.68120 | PublicSupportCY170Pct |
| Public Support PY170 | 0.63630 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,946 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,946 | DepreciationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Rev Etc Audited Fincl Stmt | $7,418,226 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,337,459 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $2,337,459 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,080,767 | RevenueSubtotalAmt |
| Other Revenues Not Included | $427,710 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $427,710 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,508,477 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,790,722 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $3,790,722 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,790,722 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S | FormAndLineReferenceDesc |
| Explanation | realized capital gains on 990 $427710 | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants To Org Outside US GrantsToOrgOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Mumbai, India | RegionTxt |
| Purpose Of Grant | grant to IIT bombay | PurposeOfGrantTxt |
| Cash Grant | $3,618,076 | CashGrantAmt |
| Manner Of Cash Disbursement | wire-transfe | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US | FormAndLineReferenceDesc |
| Explanation | IIT Bombay Heritage Foundation (IITBHF) MONITORS USE OF FUNDS THROUGH PERIODIC REPORTS AND REVIEWS. ALL CONSTRUCTION AND OTHER BRICK AND MORTAR PROJECTS HAVE DETAILED GUIDELINES TO PROVIDE PROGRESS REPORTS. FUNDS ARE RELEASED ONLY WHEN MILESTONES ARE MET. ACTUAL DONORS ARE ALSO SENT COPIES OF SUCH REPORTS. ALL SCHOLARSHIPS, EXCELLENCE AWARDS, AND ENDOWMENTS REPORTS ARE PROVIDED ANNUALLY TO IITBHF AND ALSO TO THE ACTUAL DONORS OF THE FUNDS. IITBHF MEETS WITH THE IIT BOMBAY ADMINISTRATION AT LEAST ONCE A YEAR TO REVIEW USAGE OF ALL GRANTS AND TO DISCUSS STATUS OF PROJECTS AND AWARDS GRANTED. IN ADDITION A CONFERENCE CALL TAKES PLACE AT LEAST ONCE A QUARTER TO OBTAIN STATUS REPORTS AND REVIEW GRANT ADMINISTRATION.IN ADDITION TO ALL OF THE ABOVE, AN UTILIZATION OF FUNDS REPORT IS PREPARED BY IIT BOMBAY AND SENT TO IITBHF EVERY YEAR WHICH DESCRIBES IN DETAILS HOW MUCH THE GRANT FUNDS WERE USED BY IIT BOMBAY. THIS REPORT IS MADE PUBLIC ON THE ORGANIZATION'S WEBSITE AT WWW.IITBOMBAY.ORG AND REFERRED IN THE ANNUAL MAILER. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 38 | ContributionCnt |
| Noncash Contributions Rpt F990 | $805,513 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Nasdaq & NYSE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 11b: Form 990 Review Process | THE IITBHF ACCOUNTANT PROVIDES DETAILS OF THE FIRMS ACCOUNTING OPERATIONS AS WELL AS ALL OTHER REQUESTED INFORMATION TO THE TAX PREPARATION FIRM HIRED BY THEM.THE CFO AND ACCOUNTANT OF IITBHF REVIEWS THE DRAFT PROVIDED BY OUR TAX PREPARATION FIRM AND REQUESTS FURTHER DETAILED TAX RETURN PAPERS FROM THE TAX PREPARATION FIRM IF NECESSARY. THE CFO AND ACCOUNTANT OF IITBHF CONDUCTS A CONFERENCE CALL WITH TAX PREPARATION FIRM TO DISCUSS COMMENTS, QUESTIONS AND SUGGESTED REVISION. THE CFO/TREASURER OF IITBHF REVIEWS THE FINAL DRAFT OF THE 990 AND SIGNS IT AND FILES IT WITH IRS IN A TIMELY MANNER. DETAILED SPREADSHEETS ARE MAINTAINED TO EXPLAIN ALL LINE ITEMS OF THE 990 FORMS TO THE BOARD OF DIRECTORS, IF REQUESTED. THE CFO/TREASURER MAKES A PRESENTATION AT THE NEXT BOARD OF DIRECTOR MEETING TO UPDATE THE BOARD REGARDING THE FINANCIAL OPERATIONS OF THE FIRM. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Key personnel are required to disclose any financial, business and family relationships with major donors (if any) and grantee organizations; |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Governing documents and policies are provided upon written bequest. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | = $143500 |