IIT MADRAS FOUNDATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
IIT MADRAS FOUNDATION (EIN 47-1990700)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202233189349309563
Schema version
2021v4.1
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

FieldValueIRS element (for citing)
Return2022-11-14T10:56:19-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN942921824PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Sweeney Kovar LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13800 Blackhawk Road 100AddressLine1Txt
CityDanvilleCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94506ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471990700EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IIT MADRAS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlIITMBusinessNameControlTxt
Phone5106735949PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line119925 STEVENS CREEK BLVD 100AddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGIRISH MUCKAIPersonNm
Person TitleCEOPersonTitleTxt
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGIRISHPersonFirstNm
Person LastMUCKAIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH C KOVAR CPAPreparerPersonNm
PTINP00641453PTIN
Phone9256483660PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGIRISH MUCKAIPrincipalOfficerNm
Gross Receipts$8,632,556GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://IITMFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY MADRAS".ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$5,468,087PYContributionsGrantsAmt
CY Contributions Grants$3,322,334CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$202,819PYInvestmentIncomeAmt
CY Investment Income$308,915CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,670,906PYTotalRevenueAmt
CY Total Revenue$3,631,249CYTotalRevenueAmt
PY Grants And Similar Paid$2,582,223PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,077,749CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$93,150PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$130,036CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$81,260CYTotalFundraisingExpenseAmt
PY Other Expenses$89,634PYOtherExpensesAmt
CY Other Expenses$97,678CYOtherExpensesAmt
PY Total Expenses$2,765,007PYTotalExpensesAmt
CY Total Expenses$3,305,463CYTotalExpensesAmt
PY Revenues Less Expenses$2,905,899PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$325,786CYRevenuesLessExpensesAmt
Total Assets BOY$14,046,157TotalAssetsBOYAmt
Total Assets EOY$15,544,627TotalAssetsEOYAmt
Total Liabilities BOY$204,942TotalLiabilitiesBOYAmt
Total Liabilities EOY$330,217TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,841,215NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,214,410NetAssetsOrFundBalancesEOYAmt
MissionTO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY MADRAS".MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$3,077,749ExpenseAmt
Grant$3,077,749GrantAmt
DescTO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY" INCLUDING THE FOLLOWING ACHIEVEMENTS FOR 2021:1) LAUNCH OF WOMEN LEADING IIT MADRAS PROGRAM2) LAUNCH OF A NUMBER OF INSTITUTE CHAIRSDesc
Total Program Service Expenses$3,077,749TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBalakrishnan GanesanPersonNm
Phone5106735949PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line119925 STEVENS CREEK BLVD 100AddressLine1Txt
CityCUPERTINOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95014ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
ANDREA MONAGHAN
EXECUTIVE ASSIS0.000.00Yes (X)$70,154$0$0
PHILIP THACH
CFO0.000.00Yes (X)$36,000$0$0
KAMAL DUGGIRALA
CHAIRMAN5.000.00$0$0$0Yes (X)
MUCKAI GIRISH
CEO30.000.00Yes (X)$0$0$0Yes (X)
ROHINI CHAKRAVARTHY
BOARD MEMBER5.000.00$0$0$0Yes (X)
SUNDI SUNDARESH
BOARD MEMBER5.000.00$0$0$0Yes (X)
RAGHU SUGAVANAM
BOARD MEMBER5.000.00$0$0$0Yes (X)
GDS RAMKUMAR
BOARD MEMBER5.000.00$0$0$0Yes (X)
MARTI SUBRAHMANYAM
BOARD MEMBER5.000.00$0$0$0Yes (X)
RAGHUNATHAN RENGASWAMY
BOARD MEMBER5.000.00$0$0$0Yes (X)
MAHESH PANCHAGNULA
BOARD MEMBER5.000.00$0$0$0Yes (X)
DIWAKAR VISHAKHADATTA
Secretary0.000.00Yes (X)$0$0$0
SUNIL MENON
VP MARKETNG0.000.00Yes (X)$0$0$0
VARUN VALLURI
VP & CTO0.000.00Yes (X)$0$0$0
KARTHIK TIRUVARUR
REGIONAL VP0.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$106,154TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$3,322,334AllOtherContributionsAmt
Noncash Contributions$252,203NoncashContributionsAmt
Total Contributions$3,322,334TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$221,054TotalRevenueColumnAmt
Exclusion$221,054ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$5,089,168SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$5,001,307SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$87,861SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$87,861TotalRevenueColumnAmt
Related Or Exempt Func Income$87,861RelatedOrExemptFuncIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,631,249TotalRevenueColumnAmt
Related Or Exempt Func Income$87,861RelatedOrExemptFuncIncomeAmt
Exclusion$221,054ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,077,749TotalAmt
Program Services$3,077,749ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$106,154TotalAmt
Management And General$71,077ManagementAndGeneralAmt
Fundraising$35,077FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$23,882TotalAmt
Management And General$11,941ManagementAndGeneralAmt
Fundraising$11,941FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$20,961TotalAmt
Management And General$20,961ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,076TotalAmt
Fundraising$1,076FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
ADMINISTRATIVE EXPENSES$41,947$41,947
MARKETING$17,757$17,757
SW & COMPUTER$12,102$12,102
FUNDRAISING$3,307$3,307

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$528TotalAmt
Management And General$528ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,305,463TotalAmt
Program Services$3,077,749ProgramServicesAmt
Management And General$146,454ManagementAndGeneralAmt
Fundraising$81,260FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,501,236BOYAmt
EOY$1,217,464EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,129,155BOYAmt
EOY$1,352,481EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,250,474BOYAmt
EOY$865,062EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,010,000BOYAmt
EOY$180,000EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,332BOYAmt
EOY$2,875EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$802LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$802LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,151,960BOYAmt
EOY$11,926,745EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$14,046,157BOYAmt
EOY$15,544,627EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,252BOYAmt
EOY$4,577EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$203,690BOYAmt
EOY$325,640EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$204,942BOYAmt
EOY$330,217EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,256,082BOYAmt
EOY$4,697,636EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,585,133BOYAmt
EOY$10,516,774EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,841,215BOYAmt
EOY$15,214,410EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$14,046,157BOYAmt
EOY$15,544,627EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$325,786ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,047,409NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,682,348CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,018,645CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,570,008CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,468,087CurrentTaxYearMinus1YearAmt
Current Tax Year$3,322,334CurrentTaxYearAmt
Total$19,061,422TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,682,348CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,018,645CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,570,008CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,468,087CurrentTaxYearMinus1YearAmt
Current Tax Year$3,322,334CurrentTaxYearAmt
Total$19,061,422TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$19,061,422PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$51,746CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$82,802CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$120,992CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$202,819CurrentTaxYearMinus1YearAmt
Current Tax Year$308,915CurrentTaxYearAmt
Total$767,274TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$155CurrentTaxYearMinus2YearsAmt
Total$155TotalAmt
FieldValueIRS element (for citing)
Total Support$19,828,851TotalSupportAmt
Public Support CY1700.96130PublicSupportCY170Pct
Public Support PY1700.97690PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$802OtherCostOrOtherBasisAmt
Depreciation$802DepreciationAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOTHER LIABILITIESDesc
Amt$325,640Amt
FieldValueIRS element (for citing)
Total Liability$325,640TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$3,631,249TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$3,631,249RevenueSubtotalAmt
Total Revenue Per Form990$3,631,249TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,305,463TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$3,305,463ExpensesSubtotalAmt
Total Expenses Per Form990$3,305,463TotalExpensesPerForm990Amt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
Purpose Of GrantEDUCATIONALPurposeOfGrantTxt
Cash Grant$3,077,749CashGrantAmt
Manner Of Cash DisbursementWIRE TRANSFEMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Total Other Org1TotalOtherOrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside USFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION MONITORS USE OF FUNDS THROUGH PERIODIC REPORTS AND REVIEWS. ALL 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 ENDOWMENT REPORTS ARE PROVIDED ANNUALLY TO THE ORGANIZATION AND ALSO TO THE ACTUAL DONORS OF THE FUNDS.THE ORGANIZATION MEETS WITH THE GRANTEES 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.THE UTILIZATION OF FUNDS REPORT IS PREPARED BY GRANTEES AND SENT TO THE ORGANIZATION EVERY YEAR WHICH DESCRIBES IN DETAILS HOW THE GRANT FUNDS WERE USED BY THE TRUSTEES. THIS REPORT IS IN TURN CIRCULATED TO THE ENTIRE ORGANIZATIONAL DONOR BASE POPULATION IN THE U.S. ANNUALLY.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution7ContributionCnt
Noncash Contributions Rpt F990$252,203NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 11b: Form 990 Review Process1) THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILTY FOR REVIEWING THE ORGANIZATION'S FORM 990 AND AUDITED FINANCIAL STATEMENTS (INCLUDING ALL PERTINENT SCHEDULES) BEFORE THEY ARE FILED WITH THE APPROPRIATE GOVERNMENT AGENCY.2) A DRAFT OF FORM 990 SHOULD BE READY FOR REVIEW BY THE AUDIT COMMITTEE NO LATER THAN ONE MONTH PRIOR TO FILING DEADLINE. THE AUDITED FINANCIAL STATEMENTS SHOULD BE REVIEWED BEFORE SUBMISSION TO THE TAX PREPARER FOR PURPOSES OF FILING FORM 990 WITH THE INTERNAL REVENUE SERVICE.3) AFTER THE DRAFT OF THE FORM 990 HAS BEEN OBTAINED BY THE AUDIT COMMITTEE, THEY WILL HAVE NO MORE THAN TWO WEEKS TO COMPLETE THEIR REVIEW.4) IN CONDUCTING THEIR REVIEW OF THE DRAFT OF THE FORM 990, IT IS PREFERRED THAT THE AUDIT COMMITTEE DESIRES OR DEEMS IT NECESSARY TO CONDUCT A MORE DETAILED REVIEW OF THE FORM 990, THEN THEY SHOULD CONTACT THE PREPARER OF THE FORM 990 TO REQUEST COPIES OF THE RELEVENT DETAILED TAX RETURN WORKPAPERS WHICH THEY WOULD LIKE TO SEE.5) ONCE THE AUDIT COMMITTEE HAS COMPLETED ITS INITIAL REVIEW OF THE FORM 990, A MEETING OR CONFERENCE CALL WILL BE SCHEDULED WITH THE PREPARER OF THE FORM 990 (REGARDLESS OF WHETHER THE FORM 990 IS EXTERNALLY OR INTERNALLY PREPARED) TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE AUDIT COMMITTEE.6) THE PREPARER OF THE FORM 990 SHOULD MAKE ANY REVISIONS TO THE FORM 990 AS SOON AS FEASIBLY POSSIBLE TO ENSURE THAT THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE ON A TIMELY BASIS.7) ALL QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS SET FORTH BY THE AUDIT COMMITTEE SHOULD BE DOCUMENTED, ALONG WITH ANY RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE.8) AFTER THE FORM 990 HAS BEEN REVIEWED BY THE AUDIT COMMITTEE AND FILED WITH THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE WILL MAKE THE PRESENTATION AT THE NEXT FULL BOARD OF DIRECTORS MEETING TO UPDATE THE FULL BOARD REGARDING ITS REVIEW OF THE FORM 990. AT THIS MEETING WITH THE FULL BOARD OF DIRECTORS, IT IS NOT REQUIRED FOR THE AUDIT COMMITTEE TO REVIEW ALL OF THEIR QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS; A SUMMARY OF THEIR MORE IMPORTANT POINTS WILL BE SUFFICIENT.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsTHE ORGANIZATION MONITORS USE OF FUNDS THROUGH PERIODIC REPORTS AND REVIEWS. ALL 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 ENDOWMENT REPORTS ARE PROVIDED ANNUALLY TO THE ORGANIZATIONS AND ALSO TO THE ACTUAL DONORS OF THE FUND. THE ORGANIZATION MEETS WITH THE GRANTEES 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.THE UTILIZATION OF FUNDS REPORT IS PREPARED BY GRANTEES AND SENT TO THE ORGANIZATION EVERY YEAR WHICH DESCRIBES IN DETAILS HOW THE GRANT FUNDS WERE USED BY THE GRANTEES. THIS REPORT IS IN TURN CIRCULATED TO THE ENTIRE ORGANIZATIONAL DONOR BASE POPULATION IN THE U.S. ANNUALLY.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key EmployeesEMPLOYEE COMPENSATION IS REVIEWED BY ALL 10 DIRECTORS WHO ARE INDEPENDENT
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableNo documents available to the public.

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