Nonprofit · EIN 47-0747227
IITKGP FOUNDATION
Tax-exempt · OMAHA, NE 68137
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $602,020 | $819,146 | -$217,126 | $3,367,827 | $0 | $3,367,827 |
| December 31, 2023 | 990 | $861,114 | $883,859 | -$22,745 | $3,025,893 | $0 | $3,025,893 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $523,116
- Program service revenue
- $0
- Investment income
- $70,778
- Net gain from sales of assets
- $240
- Other revenue
- $8,126
Expenses
- Grants and similar amounts paid
- $735,219
- Compensation of officers, directors and key employees
- $51,875
- Salaries, compensation and benefits (total)
- $51,875
- Professional fundraising fees
- $0
- Travel
- $1,500
- Program services (functional)
- $735,219
- Management and general (functional)
- $83,927
Balance sheet and other
- Total assets, start of year
- $3,025,893
- Total assets, end of year
- $3,367,827
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,367,827
- Publicly traded securities
- $2,850,702
- Net assets without donor restrictions
- $1,682,251
- Net assets with donor restrictions
- $1,685,576
- Gross receipts
- $602,020
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1991
- State of legal domicile
- NE
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASOKE DEYSARKAR | PRESIDENT Trustee or director, Officer | 4 | $0 |
| RAKESH GUPTA | TREASURER Trustee or director, Officer | 2 | $0 |
| ARJUN MALHOTRA | BOARD MEMBER Trustee or director | 1 | $0 |
| PARTHA S GHOSH | BOARD MEMBER Trustee or director | 1 | $0 |
| PRAFUL KULKARNI | BOARD MEMBER Trustee or director | 1 | $0 |
| RON GUPTA | BOARD MEMBER Trustee or director | 1 | $0 |
| SURESH NAIR | BOARD MEMBER Trustee or director | 1 | $0 |
| VINOD GUPTA | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASOKE DEYSARKAR | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RAKESH GUPTA | TREASURER Trustee or director, Officer | 2 | $0 |
| ARJUN MALHOTRA | BOARD MEMBER Trustee or director | 1 | $0 |
| PARTHA S GHOSH | BOARD MEMBER Trustee or director | 1 | $0 |
| PRAFUL KULKARNI | BOARD MEMBER Trustee or director | 1 | $0 |
| RON GUPTA | BOARD MEMBER Trustee or director | 1 | $0 |
| SURESH NAIR | BOARD MEMBER Trustee or director | 1 | $0 |
| VINOD GUPTA | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11218 JOHN GALT BLVD STE 201, OMAHA, NE 68137-2358
- In care of
- % JOY BHATTACHARYA
- Principal officer (990 for 2024)
- RAKESH GUPTA, 11218 JOHN GALT BLVD 201, OMAHA, NE 68137
- Signed the 990
- RAKESH GUPTA, TREASURER
- Phone
- (402) 505-6878
- Website
- WWW.IITKGPFOUNDATION.ORG
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
THE IITKGP FOUNDATION IS A NON-PROFIT ORGANIZATION DEVOTED TO ENHANCING THE CAPABILITY OF THE INDIAN INSTITUTE OF TECHNOLOGY, KHARAGPUR, INDIA.
Program accomplishments
- HALL RENOVATIONS: THE IITKGP FOUNDATION SPENT SIGNIFICANT RESOURCES IN 2024 ON REFURBISHING/RENOVATING VARIOUS DORMITORY HALLS ON THE CAMPUS OF THE INDIAN INSTITUTE OF TECHNOLOGY, KHARAGPUR.Expenses $394,635 · grants $394,635
- IITKGP SCHOLARSHIPS: THE IITKGP FOUNDATION SPENT SIGNIFICANT RESOURCES IN 2024 ON VARIOUS SCHOLARSHIPS FOR STUDENTS. A RIGOROUS APPLICATION PROCESS IS IN PLACE TO AWARD THE SCHOLARSHIPS TO WORHTY STUDENTSExpenses $112,909 · grants $112,909
- SUSANTA GUPTA CHAIR PROFESSORSHIP: THE IITKGP FOUNDATION SPENT SIGNIFICANT RESOURCES IN 2024 ON PROFESSORSHIPS IN VARIOUS DISCIPLINESExpenses $106,000 · grants $106,000
- OTHER PROGRAMSExpenses $121,675 · grants $121,675
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0747227
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q200)
- Assets (IRS master file)
- $3,367,827
- Income (IRS master file)
- $602,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $602,020 | $819,146 | $3,367,827 | IRS |
| 990 | December 2023 | $861,114 | $883,859 | $3,025,893 | XML |
| 990 | December 2022 | $2,650,060 | $1,538,804 | $2,975,671 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 47-0747227).
Questions about IITKGP FOUNDATION
- What is the EIN of IITKGP FOUNDATION?
- The employer identification number (EIN) of IITKGP FOUNDATION is 47-0747227.
- Is IITKGP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to IITKGP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IITKGP FOUNDATION 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 IITKGP 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 IITKGP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IITKGP FOUNDATION?
- The 990 for the year ended December 31, 2024 names RAKESH GUPTA.
- Who are the officers and directors of IITKGP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does IITKGP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $602,020, expenses of $819,146 and total assets of $3,367,827 at year end.
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