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EIN 47-1990700

IIT Madras Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Cupertino
State
California
Year formed
2014
Most recent tax filings
2022-12-01
NTEE code, primary
B43: University or Technological Institute
Description
The IIT Madras Foundation promotes education, scientific and technological research activities at the Indian Institute of Technology. In 2018, the foundation continued construction of a new track stadium at IIT Madras.
Total revenues
$4,160,031
2022
Total expenses
$3,221,498
2022
Total assets
$15,519,151
2022
Num. employees
1
2022

Program areas at IIT Madras Foundation

To promote education, scientific and technological research activities at indian institute of technology Madras including the following achievements for 2022:provided a number of mcm scholarships, faculty fellowships and named facilities

Who funds IIT Madras Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
IitmaanaFunding for Medical Facility$408,765
Dhanam FoundationTo Support 70 Diploma Students and 70 Degree Students in Data Science & Programming$250,000
Network for GoodUnrestricted$192,793
...and 20 more grants received totalling $2,298,089

Personnel at IIT Madras Foundation

NameTitleCompensation
Girish MuckaiChief Executive Officer$0
Balakrishnan GanesanChief Financial Officer$0
Menon SunilVice President of Marketing 1994 B.tech
Philip ThachPast Chief Financial Officer$36,000
Varun ValluriVice President and Cto$0
...and 9 more key personnel

Financials for IIT Madras Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,927,903
Program services$0
Investment income and dividends$160,175
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$71,953
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,160,031

Form 990s for IIT Madras Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-12990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-02-17990View PDF
2018-122020-01-21990View PDF
...and 4 more Form 990s
Data update history
December 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 2, 2023
Updated personnel
Identified 3 new personnel
November 26, 2023
Received grants
Identified 9 new grant, including a grant for $350,000 from Dhanam Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
EducationHuman services
Characteristics
Tax deductible donations
General information
Address
19925 Stevens Creek Blvd 100
Cupertino, CA 95014
Metro area
San Jose-Sunnyvale-Santa Clara, CA
County
Santa Clara County, CA
Website URL
iitmfoundation.org/ 
Phone
(510) 673-5949
IRS details
EIN
47-1990700
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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