2018-11-14T13:27:06-08:00 2017-12-31 273731178 WEBER AND COMPANY INC 2021 THE ALAMEDA STE 380 SAN JOSE CA 951261128 990 2017-01-01 471990700 IIT Madras Foundation IITM 6508149259 1428 Valota Road Redwood City CA 94061 Seshan Rammohan President 2018-11-14 true Suzanne Weber P00041316 4089316201 2017 2019-02-21 02:37:17Z 3271060 false false X http://iitmfoundation.org X 2014 CA TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIA INSTITUTE OF TECHNOLOGY". 8 0 0 0 3777833 2682347 0 2654 51746 0 3780487 2734093 672118 1099422 0 0 0 197975 73408 289193 745526 1388615 3034961 1345478 3499612 5557961 12308 532677 3487304 5025284 TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIA INSTITUTE OF TECHNOLOGY". false false 1099422 1099422 TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIA INSTITUTE OF TECHNOLOGY" including the following achievements for 2017:1) Continuation on the construction of a new track stadium at IIT Madras.2) Continuation of construction of a new Bio Sciences Building at IIT Madras. 1099422 true true false false false false false false false false false 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 false false false true false false false false false false false false false 8 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 8 0 false false false false false false false true true false false true true true true true true false false false CA X Seshan Rammohan 6508149259 1428 Valota Road Redwood City CA 94061 X Seshan Rammohan President 30.00 0.00 X X 0 0 0 Ashok Santhanam Board Member 5.00 0.00 X 0 0 0 Rohini Chakravarthy Board Member 5.00 0.00 X 0 0 0 Vijay Ullal Board member 5.00 0.00 X 0 0 0 Girish Muckai Board Member 5.00 0.00 X 0 0 0 Krisha Kolluri Board Member 5.00 0.00 X 0 0 0 Sai Mukundan Secretary 5.00 0.00 X 0 0 0 Philip Thach CFO 5.00 0.00 X 0 0 0 0 false false false 0 2682347 533986 2682347 0 51746 51746 0 0 0 536967 536967 0 0 0 0 0 2734093 51746 0 0 1099422 1099422 0 0 0 0 0 0 0 0 15074 15074 10520 10520 0 0 0 138740 138740 0 5989 5989 0 0 2368 2368 16396 16396 0 0 0 0 0 921 921 Faculty Almni Engagement 43622 43622 Fundraising 31586 31586 marketing 11253 11253 BANK SERVICE CHARGES 10878 10878 1846 1846 1388615 1099422 91218 197975 2419672 4728040 0 1072660 750000 0 0 0 76350 0 7280 3571 0 0 0 0 0 0 3499612 5557961 4790 19911 7518 512766 12308 532677 X 444271 782251 3043033 4243033 3487304 5025284 3499612 5557961 X 1345478 192502 X false true X true false X 50000 1794394 3777833 2682347 8304574 0 0 50000 1794394 3777833 2682347 8304574 0 8304574 2654 51746 54400 0 0 8358974 X 0.00000 ACCRUED LIABLITIES 512766 512766 2734093 2734093 2734093 1388615 1388615 1388615 true educational 601127 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 ENDOWMENTS 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 GRANTEES. THIS REPORT IS IN TURN CIRCULATED TO THE ENTIRE ORGANIZATIONAL DONOR BASE POPULATION IN THE U.S. ANNUALLY. X 2 533986 Nyse false false false Form 990, Part VI, Line 11b: Form 990 Review Process 1) THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S FORM 990 AND AUDITED FINANCIAL STATEMENTS (INCLUDING ALL PERTINENT SCHEDULES) BEFORE THEY ARE ARE FILED WITH THE APPROPIATE 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 IRS.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 THIER 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 RELEVANT 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 FEASIBLIY 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 A 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 ORGANIZATION 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 19: Other Organization Documents Publicly Available No documents available to the public. Other Changes In Net Assets Or Fund Balances - Other Increases accumulated other comprehensive income = $192500 Other Changes In Net Assets Or Fund Balances - Other Increases ROUNDING = $2