Nonprofit · EIN 20-8520739
DESHPANDE FOUNDATION INC
Tax-exempt · BOSTON, MA 02116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $121,436 | $8,115,565 | -$7,994,129 | $7,115,024 | $1,732 | $7,113,292 |
| June 30, 2024 | 990 | $110,055 | $681,277 | -$571,222 | $14,172,855 | $699 | $14,172,156 |
| June 30, 2023 | 990 | -$226,805 | $842,802 | -$1,069,607 | $13,506,530 | -$2,849 | $13,509,379 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $121,436
- Net gain from sales of assets
- $21,460
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,736,500
- Other salaries and wages
- $211,945
- Salaries, compensation and benefits (total)
- $227,078
- Professional fundraising fees
- $0
- Travel
- $36,603
- Program services (functional)
- $8,018,504
- Management and general (functional)
- $97,061
Balance sheet and other
- Total assets, start of year
- $14,172,855
- Total assets, end of year
- $7,115,024
- Total liabilities, end of year
- $1,732
- Net assets, end of year
- $7,113,292
- Publicly traded securities
- $4,138,999
- Net assets without donor restrictions
- $7,113,292
- Gross receipts
- $1,594,402
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2007
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kate R Guedj | Treasurer & Director Trustee or director, Officer | 0.25 | $0 | $400,579 | $68,662 |
| Orlando Watkins | Clerk & Director Trustee or director, Officer | 0.25 | $0 | $341,254 | $20,869 |
| Gururaj Deshpande | President & Director Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Hemang Dave | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jaishree Deshpande | Director Trustee or director | 5 | $0 | $0 | $0 |
| Sushil Vachani | Director Trustee or director | 1 | $0 | $0 | $0 |
| Servjeet Bhachu | CFO Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kate R Guedj | Treasurer & Director Trustee or director | 1 | $0 | $392,052 | $66,246 |
| Paul S Grogan | Clerk & Director Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Gururaj Deshpande | President & Director Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Hemang Dave | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jaishree Deshpande | Director Trustee or director | 5 | $0 | $0 | $0 |
| Sushil Vachani | Director Trustee or director | 1 | $0 | $0 | $0 |
| Servjeet Bhachu | CFO Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kate R Guedj | Treasurer & Director Trustee or director, Officer | 1 | $0 | $381,676 | $65,842 |
| Paul S Grogan | Director Trustee or director | 1 | $0 | $11,711 | $87 |
| Gururaj Deshpande | President & Director Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Hemang Dave | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jaishree Deshpande | Director Trustee or director | 5 | $0 | $0 | $0 |
| Sushil Vachani | Director Trustee or director | 1 | $0 | $0 | $0 |
| Servjeet Bhachu | Clerk & CFO Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 75 ARLINGTON STREET FL 3, BOSTON, MA 02116-3936
- In care of
- % PAUL S GROGAN
- Principal officer (990 for 2024)
- Orlando Watkins, 75 Arlington Street Fl 3, Boston, MA 021163936
- Signed the 990
- Kate R Guedj, Director & Treasurer
- Phone
- (617) 338-1700
- Website
- www.deshpandefoundation.org
- Return prepared by
- KPMG LLP
Mission
The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.
Program accomplishments
- Utilizing grant-making and education to promote geographically-relevant process, technological and social innovation and entrepreneurship.Expenses $8,018,504 · grants $7,736,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8520739
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $7,115,024
- Income (IRS master file)
- $1,594,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $121,436 | $8,115,565 | $7,115,024 | IRS |
| 990 | June 2024 | $110,055 | $681,277 | $14,172,855 | IRS |
| 990 | June 2023 | -$226,805 | $842,802 | $13,506,530 | XML |
| 990 | June 2022 | $126,792 | $711,056 | $14,002,342 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8520739).
Questions about DESHPANDE FOUNDATION INC
- What is the EIN of DESHPANDE FOUNDATION INC?
- The employer identification number (EIN) of DESHPANDE FOUNDATION INC is 20-8520739.
- Is DESHPANDE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to DESHPANDE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DESHPANDE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DESHPANDE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESHPANDE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DESHPANDE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Orlando Watkins.
- Who are the officers and directors of DESHPANDE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does DESHPANDE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $121,436, expenses of $8,115,565 and total assets of $7,115,024 at year end.
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