Nonprofit · EIN 38-3840804
WADHWANI OPERATING FOUNDATION
Tax-exempt · LOS ALTOS, CA 94022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $21,438,344 | $15,943,614 | $5,494,730 | $556,100,078 | $988,614 | $555,111,464 |
| December 31, 2023 | 990-PF | $40,002,235 | $16,670,828 | $23,331,407 | $510,072,496 | $1,751,280 | $508,321,216 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,418,702
- Dividends
- $1,915,698
- Interest
- $92,271
- Net gain from sales of assets
- $16,441,122
- Other income
- $1,570,551
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $540,000
- Salaries, compensation and benefits (total)
- $677,492
- Disbursements for charitable purposes
- $15,698,414
- Excise tax on investment income
- $278,225
Balance sheet and other
- Total assets, start of year
- $510,072,496
- Total assets, end of year
- $556,100,078
- Total liabilities, end of year
- $988,614
- Net assets, end of year
- $555,111,464
- Fair market value of assets
- $556,100,078
- Qualifying distributions
- $18,792,735
- Net investment income
- $20,044,428
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AJAY KELA PO BOX 1987, LOS ALTOS, CA 94023 | CHIEF EXECUTIVE OFFICER | 40 | $540,000 | $13,800 |
| MARK MALASPINA PO BOX 1987, LOS ALTOS, CA 94023 | CHIEF PRODUCT OFFICE Highest-paid employee | 40 | $379,000 | $13,800 |
| SUNITA SINGH PO BOX 1987, LOS ALTOS, CA 94023 | CHIEF PRODUCT OFFICE Highest-paid employee | 40 | $75,222 | $3,363 |
| ROMESH T WADHWANI PO BOX 1987, LOS ALTOS, CA 94023 | PRESIDENT/CEO/DIRECTOR | 0.5 | $0 | $0 |
| KATHLEEN E WADHWANI PO BOX 1987, LOS ALTOS, CA 94023 | SECRETARY/DIRECTOR | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AJAY KELA PO BOX 1987, LOS ALTOS, CA 94023 | EXECUTIVE DIRECTOR | 40 | $507,917 | $11,082 |
| HEINLEIN JOHANNES 112 FOREST AVE, COHASSET, MA 02025 | EXECUTIVE VICE PRESI Highest-paid employee | 40 | $400,000 | $10,060 |
| MARK MALASPINA 96 LLEWELLYN ROAD, MONTCLAIR, NJ 07042 | CHIEF PRODUCT OFFICE Highest-paid employee | 40 | $305,792 | $9,436 |
| AMAR CHOKSHI PO BOX 1987, LOS ALTOS, CA 94023 | DIRECTOR- GLOBAL PRO Highest-paid employee | 40 | $135,933 | $8,816 |
| MORSCHELLA LEAH PO BOX 1987, LOS ALTOS, CA 94023 | FULL TIME EMPLOYEE Highest-paid employee | 40 | $64,502 | $3,961 |
| WOODY MARA 3201 S RODEO DRIVE, COLUMBIA, MO 65203 | SENIOR DIRECTOR PART Highest-paid employee | 40 | $64,451 | $3,984 |
| ROMESH T WADHWANI PO BOX 1987, LOS ALTOS, CA 94023 | PRESIDENT/CEO/DIRECTOR | 0.5 | $0 | $0 |
| KATHLEEN E WADHWANI PO BOX 1987, LOS ALTOS, CA 94023 | SECRETARY/DIRECTOR | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 MAIN ST, LOS ALTOS, CA 94022-2998
- In care of
- % WADHWANI FAMILY OFFICE
- Signed the 990-PF
- AJAY KELA, CHIEF EXECUTIVE OFFICER
- Phone
- (650) 946-2505
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 38-3840804 or by the name WADHWANI OPERATING FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-3840804
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $556,100,078
- Income (IRS master file)
- $32,096,096
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $21,438,344 | $15,943,614 | $556,100,078 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $40,002,235 | $16,670,828 | $510,072,496 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 38-3840804).
Questions about WADHWANI OPERATING FOUNDATION
- What is the EIN of WADHWANI OPERATING FOUNDATION?
- The employer identification number (EIN) of WADHWANI OPERATING FOUNDATION is 38-3840804.
- Is WADHWANI OPERATING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to WADHWANI OPERATING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does WADHWANI OPERATING FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WADHWANI OPERATING FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WADHWANI OPERATING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WADHWANI OPERATING FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $540,000 (AJAY KELA, CHIEF EXECUTIVE OFFICER).
- How much revenue does WADHWANI OPERATING FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $21,438,344, expenses of $15,943,614 and total assets of $556,100,078 at year end.
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All nonprofits in LOS ALTOS · California · Philanthropy, voluntarism and grantmaking foundations