2022-11-14T10:56:19-08:00 2021-12-31 942921824 Sweeney Kovar LLP 3800 Blackhawk Road 100 Danville CA 94506 990 2021-01-01 471990700 IIT MADRAS FOUNDATION IITM 5106735949 19925 STEVENS CREEK BLVD 100 CUPERTINO CA 95014 GIRISH MUCKAI CEO 2022-11-14 true GIRISH MUCKAI 999009999 JOSEPH C KOVAR CPA P00641453 9256483660 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z GIRISH MUCKAI 8632556 false X HTTP://IITMFOUNDATION.ORG X 2014 CA TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY MADRAS". 9 9 2 30 0 5468087 3322334 0 202819 308915 0 5670906 3631249 2582223 3077749 0 93150 130036 0 81260 89634 97678 2765007 3305463 2905899 325786 14046157 15544627 204942 330217 13841215 15214410 TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY MADRAS". false false 3077749 3077749 TO 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 CHAIRS 3077749 true true false false false false false false false false true false false false true 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 0 0 false 2 true false false false false false false false 0 false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false CA X Balakrishnan Ganesan 5106735949 19925 STEVENS CREEK BLVD 100 CUPERTINO CA 95014 ANDREA MONAGHAN EXECUTIVE ASSIS 0.00 0.00 X 70154 0 0 PHILIP THACH CFO 0.00 0.00 X 36000 0 0 KAMAL DUGGIRALA CHAIRMAN 5.00 0.00 X 0 0 0 MUCKAI GIRISH CEO 30.00 0.00 X X 0 0 0 ROHINI CHAKRAVARTHY BOARD MEMBER 5.00 0.00 X 0 0 0 SUNDI SUNDARESH BOARD MEMBER 5.00 0.00 X 0 0 0 RAGHU SUGAVANAM BOARD MEMBER 5.00 0.00 X 0 0 0 GDS RAMKUMAR BOARD MEMBER 5.00 0.00 X 0 0 0 MARTI SUBRAHMANYAM BOARD MEMBER 5.00 0.00 X 0 0 0 RAGHUNATHAN RENGASWAMY BOARD MEMBER 5.00 0.00 X 0 0 0 MAHESH PANCHAGNULA BOARD MEMBER 5.00 0.00 X 0 0 0 DIWAKAR VISHAKHADATTA Secretary 0.00 0.00 X 0 0 0 SUNIL MENON VP MARKETNG 0.00 0.00 X 0 0 0 VARUN VALLURI VP & CTO 0.00 0.00 X 0 0 0 KARTHIK TIRUVARUR REGIONAL VP 0.00 0.00 X 0 0 0 106154 0 false false false 0 3322334 252203 3322334 0 221054 221054 0 0 0 5089168 5001307 87861 87861 87861 0 0 0 0 3631249 87861 221054 0 0 3077749 3077749 0 106154 71077 35077 0 23882 11941 11941 0 0 0 0 0 20961 20961 0 0 0 0 0 0 0 0 0 1076 1076 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 41947 41947 MARKETING 17757 17757 SW & COMPUTER 12102 12102 FUNDRAISING 3307 3307 528 528 3305463 3077749 146454 81260 1501236 1217464 1129155 1352481 1250474 865062 1010000 180000 0 0 0 0 3332 2875 802 802 0 9151960 11926745 0 0 0 0 14046157 15544627 1252 4577 203690 325640 204942 330217 X 4256082 4697636 9585133 10516774 13841215 15214410 14046157 15544627 325786 1047409 X false true X true false X 2682348 4018645 3570008 5468087 3322334 19061422 0 0 2682348 4018645 3570008 5468087 3322334 19061422 0 19061422 51746 82802 120992 202819 308915 767274 0 155 155 19828851 0.96130 0.97690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 802 802 OTHER LIABILITIES 325640 325640 3631249 3631249 3631249 3305463 3305463 3305463 true EDUCATIONAL 3077749 WIRE TRANSFE 1 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US THE 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. X 7 252203 FMV false true false Form 990, Part VI, Line 11b: Form 990 Review Process 1) 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 Conflicts THE 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 Employees EMPLOYEE COMPENSATION IS REVIEWED BY ALL 10 DIRECTORS WHO ARE INDEPENDENT Form 990, Part VI, Line 19: Other Organization Documents Publicly Available No documents available to the public.