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Iitk Fund Inc.

Iitk Fund Inc.

New York, NY 10005
Tax ID81-2209935

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About this organization

Revenue

$513,004

Expenses

$308,234

Mission

IITK Fund has been organized to provide charitable distributions to qualifying non-profit organizations.

About

IITK Fund granted funds to IITK Kanpur to assist the school with needs such as scholarships, infrastructure, research, student initiatives, community service for people in need, as well as activities that are not covered by govenment funding. These funds enabled IITK Kanpur to assist a multitude of students.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “Iitk fund has been organized to provide charitable distributions to qualifying non-profit organizations.”.

When discussing its operations, they were characterized as: “Iitk fund has been organized to provide charitable distributions to qualifying non-profit organizations.”.

  • The non-profit's legally reported state of operation is NY.
  • The filing states that the non-profit's address in the year 2020 is 62 William Street 2nd Floor, New York, NY, 10005.
  • The form submitted by the non-profit for 2020 shows a total of 0 employees.
  • The non-profit has loans outstanding as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Has foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $204,770.
  • The CEO's remuneration policy within the organization is not determined through a review and approval process by a neutral source.
  • The organization has 4 independent voting members.
  • The organization was formed in 2016.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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