2022-11-15T14:20:16-08:00 2021-12-31 273731178 WEBER & COMPANY INC 2021 THE ALAMEDA STE 380 SAN JOSE CA 95126 990 2021-01-01 770428724 IIT Bombay Heritage Foundation IITB 4082521664 21710 Stevens Creek Boulevard 115 Cupertino CA 95014 Suhasini Sabnis Treasurer 2022-11-15 true Suhasini Sabnis 999009999 Trevor Thomas P01081612 4089316201 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Suhasini Sabnis 21710 Stevens Creek Boulevard 115 Cupertino CA 95014 6243234 false X WWW.ITTBOMBAY.ORG X 1996 CA To Promote education, scientific and technological research activities at IIT Bombay 24 0 0 0 3022795 5065484 1275 346 188391 442205 273 442 3212734 5508477 2466611 3618076 0 0 0 88604 162219 172646 2628830 3790722 583904 1717755 9385229 11247779 25185 26480 9360044 11221299 To Promote education, scientific and technological research activities at IIT Bombay false false 3667105 3618076 5066273 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. 3667105 true true false false false false false false false false true false false false false false true false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false true 5 0 true 0 false false false false false false false 0 false false false false false false false false false false X 24 0 false false false false false false false true true false true true true true true true true true false false false X Subha Sriraman 4082521661 21710 STEVENS CREEK BLVD 115 CUPERTINO CA 95014 X Suhasini Sabnis Treasurer 7.00 0.00 X X 0 0 0 Jignesh Patel Director 1.00 0.00 X 0 0 0 shamrao Kattimani Vice Treasurer 1.00 0.00 X X 0 0 0 Suresh Shenoy Director 1.00 0.00 X 0 0 0 Nitish Thakor Director 1.00 0.00 X 0 0 0 Sunita Parasuraman Director 1.00 0.00 X 0 0 0 Sreedhar Kona Director 1.00 0.00 X 0 0 0 PROF SUBHASIS CHAUDHURI Director 1.00 0.00 X 0 0 0 Radhika Venkataraman Director 1.00 0.00 X 0 0 0 DC Agrawal President 7.00 0.00 X X 0 0 0 Prof Suhas Joshi Director 1.00 0.00 X 0 0 0 Anurag Mairal Director 1.00 0.00 X 0 0 0 Gagan Singh Director 1.00 0.00 X 0 0 0 Apoo Koticha Director 1.00 0.00 X 0 0 0 Prof Pratim Biswas Director 1.00 0.00 X 0 0 0 RAJ MASHRUWALA Chairman 1.00 0.00 X X 0 0 0 SHAILESH MEHTA Director 1.00 0.00 X 0 0 0 Rajkishore Govindu Director 1.00 0.00 X 0 0 0 Rajesh Radhakrishnan Director 1.00 0.00 X 0 0 0 VINAY KARLE Vice President 5.00 0.00 X X 0 0 0 Parasvil Patel Director 1.00 0.00 X 0 0 0 SHIVANI GOVIL Director 1.00 0.00 X 0 0 0 sunil Shenoy Director 1.00 0.00 X 0 0 0 Harsh Koppula Director 1.00 0.00 X 0 0 0 0 false false false NONE 0 5065484 805513 5065484 contributio alumni events 346 346 346 14495 14495 0 0 0 1162467 734757 427710 427710 427710 0 0 0 Other Income 442 442 Souveniors income 442 5508477 428498 14495 0 0 3618076 3618076 0 0 0 0 0 0 0 0 7396 2636 1074 3686 6278 2238 911 3129 0 0 0 0 0 2244 516 1212 516 0 0 0 0 0 0 0 0 0 6390 6390 CONSULTING 85889 30611 12468 42810 BANK SERVICE CHARGES 20946 20946 WEB service charges 13856 8313 1386 4157 Printing and Publications 10065 2187 7878 19582 4715 9385 5482 3790722 3667105 35013 88604 439396 1532314 10627 10628 0 170300 136851 0 0 0 0 5985 6284 15946 15946 0 8731490 9413780 27431 147922 0 0 0 9385229 11247779 25185 26480 25185 26480 X 1681136 1787002 7678908 9434297 9360044 11221299 9385229 11247779 X 1717755 143500 X false true X true false X 1633942 5394074 1920018 3022795 5065484 17036313 0 0 1633942 5394074 1920018 3022795 5065484 17036313 5281757 11754556 53640 42138 58930 26401 14495 195604 0 42 21705 1041 273 442 23503 17255420 0.68120 0.63630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15946 15946 7418226 2337459 2337459 5080767 427710 427710 5508477 3790722 3790722 3790722 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S realized capital gains on 990 $427710 true Mumbai, India grant to IIT bombay 3618076 wire-transfe 1 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US 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. X 38 805513 Nasdaq & NYSE false false false 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