Nonprofit · EIN 83-1718168
EXCELLENCE INITIATIVE
Tax-exempt · REDMOND, WA 98052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $19,137,359 | $1,527,838 | $17,609,521 | $89,096,810 | $0 | $89,096,810 |
| December 31, 2023 | 990-PF | $16,459,465 | $200,170 | $16,259,295 | $71,038,071 | $0 | $71,038,071 |
| December 31, 2020 | 990 | $7,893,454 | $39,429 | $7,854,025 | $13,298,597 | $0 | $13,298,597 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,187,112
- Dividends
- $607,622
- Interest
- $1,995,362
- Net gain from sales of assets
- $4,347,263
Expenses
- Grants and similar amounts paid
- $1,330,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,356,233
- Excise tax on investment income
- $95,639
Balance sheet and other
- Total assets, start of year
- $71,038,071
- Total assets, end of year
- $89,096,810
- Total liabilities, end of year
- $0
- Net assets, end of year
- $89,096,810
- Fair market value of assets
- $89,096,810
- Qualifying distributions
- $3,356,233
- Net investment income
- $6,920,211
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 |
|---|---|---|---|
| RAJEEV AGARWAL 2027 152ND AVE NE, REDMOND, WA 980525521 | PRESIDENT & TREASURER | 2 | $0 |
| ARPITA AGARWAL 2027 152ND AVE NE, REDMOND, WA 980525521 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAJEEV AGARWAL PO BOX 789, KIRKLAND, WA 980830789 | PRESIDENT & TREASURER | 2 | $0 |
| ARPITA AGARWAL PO BOX 789, KIRKLAND, WA 980830789 | DIRECTOR | 2 | $0 |
990 for the year ended December 31, 2020: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAJEEV AGARWAL | PRESIDENT & TREASURER Trustee or director, Officer | 2 | $0 |
| ARPITA AGARWAL | DIRECTOR Trustee or director | 2 | $0 |
| JAY BENSAL | DIRECTOR Trustee or director | 1 | $0 |
| SHELLY BENSAL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2027 152ND AVE NE, REDMOND, WA 98052-5521
- In care of
- % RAJEEV AGARWAL
- Mailing address (990-N for 2018)
- 4324 Hunts Point road, Hunts Point WA 98004
- Principal officer (990-N for 2018)
- Rajeev Agarwal, 4324 Hunts Point road, Hunts Point WA 98004
- Signed the 990-PF
- RAJEEV AGARWAL, PRESIDENT
- Phone
- (425) 526-5399
- Return prepared by
- PWC US TAX LLP
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
- 83-1718168
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A02)
- Assets (IRS master file)
- $89,096,810
- Income (IRS master file)
- $25,265,304
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $19,137,359 | $1,527,838 | $89,096,810 | XML |
| 990-PF | December 2023 | $16,459,465 | $200,170 | $71,038,071 | XML |
| 990 | December 2022 | $31,548,998 | $245,281 | $53,595,801 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | $7,893,454 | $39,429 | $13,298,597 | XML |
| 990-N for 2018 Officer: Rajeev Agarwal | December 31, 2018 | ≤ $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 83-1718168).
Questions about EXCELLENCE INITIATIVE
- What is the EIN of EXCELLENCE INITIATIVE?
- The employer identification number (EIN) of EXCELLENCE INITIATIVE is 83-1718168.
- Is EXCELLENCE INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to EXCELLENCE INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does EXCELLENCE INITIATIVE file?
- Form 990-PF. Private foundations file every year.
- When is the next return of EXCELLENCE INITIATIVE 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 EXCELLENCE INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who is the principal officer of EXCELLENCE INITIATIVE?
- The 990-N for 2018 names Rajeev Agarwal.
- Who are the officers and directors of EXCELLENCE INITIATIVE?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does EXCELLENCE INITIATIVE have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,137,359, expenses of $1,527,838 and total assets of $89,096,810 at year end.
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