Nonprofit · EIN 82-5003065
SITARE FOUNDATION
Tax-exempt · PALO ALTO, CA 94303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,147,048 | $3,248,721 | $1,898,327 | $39,042,033 | $927,825 | $38,114,208 |
| December 31, 2023 | 990 | $4,055,470 | $4,076,467 | -$20,997 | $27,303,457 | $5,178,581 | $22,124,876 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,885,168
- Program service revenue
- $0
- Investment income
- $261,880
- Net gain from sales of assets
- $73,660
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,542,538
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $30,833
- Accounting fees
- $20,330
- Occupancy
- $59,000
- Travel
- $27,961
- Program services (functional)
- $2,944,918
- Management and general (functional)
- $303,803
Balance sheet and other
- Total assets, start of year
- $27,303,457
- Total assets, end of year
- $39,042,033
- Total liabilities, end of year
- $927,825
- Net assets, end of year
- $38,114,208
- Publicly traded securities
- $32,607,413
- Net assets without donor restrictions
- $38,114,208
- Gross receipts
- $5,147,048
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- CA
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 |
|---|---|---|---|
| SHILPA SINGHAL | PRESIDENT Officer | 10 | $0 |
| PANDURANG NAYAK | CFO Officer | 2 | $0 |
| AMITABH K SINGHAL | SECRETARY Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHILPA SINGHAL | PRESIDENT Officer | 10 | $0 |
| PANDURANG NAYAK | CFO Officer | 2 | $0 |
| AMITABH K SINGHAL | SECRETARY Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 51958, PALO ALTO, CA 94303-0742
- Mailing address (990-N for 2019)
- 1801 PAGE MILL ROAD, PALO ALTO CA 94304
- Principal officer (990 for 2024)
- SHILPA SINGHAL, PO BOX 51958, PALO ALTO, CA 94303
- Principal officer (990-N for 2019)
- SHILPA SINGHAL, 3803 NATHAN WAY, PALO ALTO CA 94303
- Signed the 990
- SHILPA SINGHAL, PRESIDENT
- Phone
- (650) 305-5721
- Website
- SITARE.ORG
- Return prepared by
- FRANK RIMERMAN CO LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 82-5003065 or by the name SITARE 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)
Mission
SITARE FOUNDATION IS AN ORGANIZATION THAT WILL PROVIDE EDUCATION TO UNDERPRIVILEGED CHILDREN. A MIND IS A TERRIBLE THING TO WASTE. SITARE FOUNDATION BELIEVES THAT BY GIVING THE BRIGHTEST CHILDREN THE BEST POSSIBLE EDUCATION, THEY WILL GROW UP TO BECOME SOME OF THE BEST PROFESSIONALS THIS WORLD HAS WITNESSED. SITARE FOUNDATION IS AIMED TO CULTIVATE A CULTURE OR GIVING AND CREATING BRIGHT MINDS TO BE NET CONTRIBUTORS TO THE SOCIETY. IF EACH KID THAT GETS BENEFIT IN RETURN PROVIDES MENTORSHIP AND GUIDANCE TO TEN OR MORE UNDERPRIVILEGED CHILDREN, THE SITARE MOVEMENT WILL BE HUGE. SITARE FOUNDATION HAS BEEN FORMED TO RAISE MONEY THROUGHOUT CALIFORNIA AND EVENTUALLY NATIONWIDE.
Program accomplishments
- IN ONLY ITS SEVENTH YEAR SINCE FORMATION, THE SITARE FOUNDATION HAS SECURED $26 MILLION OF CONTRIBUTIONS TO FURTHER ITS CHARITABLE PURPOSE OF PROVIDING EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA.Expenses $402,380 · revenue $5,073,388
- THE FOUNDATION SUPPORTS CHARITABLE PROJECTS FOR THE HOPE AND DREAMS TRUST THROUGH A FISCAL SPONSORSHIP AGREEMENT TO PROVIDE HIGH-QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA WHO SHOW HIGH ACADEMIC POTENTIALExpenses $2,542,538 · grants $2,542,538
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
- 82-5003065
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q12)
- Assets (IRS master file)
- $39,042,033
- Income (IRS master file)
- $5,147,048
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,147,048 | $3,248,721 | $39,042,033 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,055,470 | $4,076,467 | $27,303,457 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,828,463 | $1,414,108 | $22,071,641 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: SHILPA SINGHAL | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-5003065).
Questions about SITARE FOUNDATION
- What is the EIN of SITARE FOUNDATION?
- The employer identification number (EIN) of SITARE FOUNDATION is 82-5003065.
- Is SITARE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to SITARE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SITARE 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 SITARE 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 SITARE 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 SITARE FOUNDATION?
- The 990 for the year ended December 31, 2024 names SHILPA SINGHAL.
- Who are the officers and directors of SITARE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does SITARE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,147,048, expenses of $3,248,721 and total assets of $39,042,033 at year end.
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All nonprofits in PALO ALTO · California · International, foreign affairs and national security