2024-05-14T14:08:50-07:00 2023-12-31 942921824 Sweeney Kovar LLP 3800 Blackhawk Road 100 Danville CA 94506 990 2023-01-01 471990700 IIT MADRAS FOUNDATION IITM 4086570383 10080 N WOLFE RD SUITE SW3-200 CUPERTINO CA 95014 ANANDKUMAR R KANNURPATTI CEO 2024-05-14 true ANANDKUMAR R KANNURPATTI 999009999 true JOSEPH C KOVAR CPA P00641453 9256483660 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z X ANANDKUMAR R KANNURPATTI 10080 N WOLFE RD SUITE SW3-200 CUPERTINO CA 95014 15875385 false X HTTP://IITMFOUNDATION.ORG X 2014 CA TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY MADRAS". 13 13 2 40 0 3927903 8898124 0 232128 626345 0 4160031 9524469 3031195 5846678 0 91410 116029 0 81065 98893 135355 3221498 6098062 938533 3426407 15519151 21052617 1568747 2432113 13950404 18620504 TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT "INDIAN INSTITUTE OF TECHNOLOGY MADRAS". false false 5846678 5846678 TO PROMOTE EDUCATION, SCIENTIFIC AND TECHNOLOGICAL RESEARCH ACTIVITIES AT INDIAN INSTITUTE OF TECHNOLOGY MADRAS INCLUDING THE FOLLOWING ACHIEVEMENTS FOR 2023:PROVIDED A NUMBER OF MCM SCHOLARSHIPS, FACULTY FELLOWSHIPS AND NAMED FACILITIES 5846678 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 13 13 false false false false false false false true true false false true true true true true true true true false CA X Srinivas Tirumala 4086570383 10080 N WOLFE RD SUITE SW3-200 CUPERTINO CA 95014 X KAMAL DUGGIRALA CHAIRMAN 5.00 0.00 X 0 0 0 GIRISH MUCKAI CEO 30.00 0.00 X X 0 0 0 ROHINI CHAKRAVARTHY BOARD MEMBER 5.00 0.00 X 0 0 0 MADHAV DURBHA BOARD MEMBER 5.00 0.00 X 0 0 0 RAGHU SUGAVANAM BOARD MEMBER 5.00 0.00 X 0 0 0 RV GUHA BOARD MEMBER 5.00 0.00 X 0 0 0 GDS RAMKUMAR BOARD MEMBER 5.00 0.00 X 0 0 0 MARTI G SUBRAHMANYAM BOARD MEMBER 5.00 0.00 X 0 0 0 RAGHU RENGASWAMY BOARD MEMBER 5.00 0.00 X 0 0 0 MAHESH PANCHAGNULA BOARD MEMBER 5.00 0.00 X 0 0 0 KANNAN GOVINDARAJAN BOARD MEMBER 5.00 0.00 X 0 0 0 DURGA MALLADI BOARD MEMBER 5.00 0.00 X 0 0 0 BALA IYER BOARD MEMBER 5.00 0.00 X 0 0 0 DIWAKAR VISHAKHADATTA Secretary 5.00 0.00 X 0 0 0 GANESH BALAKRISHNAN CFO 5.00 0.00 X 0 0 0 SUNIL MENON VP MARKETNG 5.00 0.00 X 0 0 0 ANANDKUMAR R KANNURPATTI COO 5.00 0.00 X 0 0 0 0 false false false 0 8898124 361772 8898124 0 423689 423689 0 0 0 6553572 6350916 202656 202656 202656 0 0 0 0 9524469 626345 0 0 5846678 5846678 0 91702 45851 45851 0 24327 12163 12164 0 0 0 0 0 70002 70002 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 22351 22351 DEPRECIATION 15833 15833 MARKETING 9196 9196 FUNDRAISING 7842 7842 10131 4119 6012 6098062 5846678 170319 81065 1397780 1939085 679810 2123539 1864051 4908494 0 0 0 0 0 2726 2932 47500 18120 45213 29380 11529571 12049187 0 0 0 0 15519151 21052617 13 238 1568734 2431875 1568747 2432113 X 4067574 6532116 9882830 12088388 13950404 18620504 15519151 21052617 3426407 1243693 X false true X true false X 3570008 5468087 3322334 3927903 8898124 25186456 0 0 3570008 5468087 3322334 3927903 8898124 25186456 0 25186456 120992 202819 308915 232128 626345 1491199 0 155 155 26677810 0.94410 0.95540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47500 18120 29380 29380 ENDOWMENT FUND PAYABLE 762119 OTHER LIABILITIES 251396 PAYROLL LIABILITIES 15598 PROJECT FUND PAYABLE 1402762 2431875 10768162 1243693 1243693 9524469 9524469 6098062 6098062 6098062 true EDUCATIONAL 5846678 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. 9 361772 FMV false false false Form 990, Part VI, Section B, Line 11b 1) THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILTY FOR REVIEWING THE ORGANIZATION'SFORM 990 AND AUDITED FINANCIAL STATEMENTS (INCLUDING ALL PERTINENT SCHEDULES) BEFORETHEY ARE FILED WITH THE APPROPRIATE GOVERNMENT AGENCY.2) AUDITED FINANCIAL STATEMENTS WERE PRESENTED BY INDEPENDENT AUDITORS AT AN AUDIT COMMITTEE MEETING. AUDIT COMMITTEE COMPLETED THE REVIEW AND APPROVED THE FINANCIAL STATEMENTS.3) APPROVED FINANCIALS STATEMENTS AND SUPPORTING DOCUMENTS WERE USED TO PREPARE FORM 990 BY PAID TAX PREPARER4) IF DEEMED NECESSARY AUDIT COMMITTEE MAY REQUEST A DETAILED REVIEW OF THE FORM 990 AND RELATED WORK PAPERS WITH THE PREPARER 5) UPON COMPLETION OF THE REVIEW OF THE DRAFT FORM 990, AUDIT COMMITTEE PROVIDED APPROVAL TO FILE WITH APPROPRIATE GOVERNMENT AGENCY. Form 990, Part VI, Section B, Line 12c 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, Section B, Line 15b EMPLOYEE COMPENSATION IS REVIEWED BY ALL 10 DIRECTORS WHO ARE INDEPENDENT Form 990, Part VI, Section C, Line 19 No documents available to the public.