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Deshpande Foundation Inc C/O Boston Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208520739 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Deshpande Foundation Inc C/O Boston Foundation Inc?

Deshpande Foundation Inc, registered under the Boston Foundation Inc, is a nonprofit organization situated in Boston, Massachusetts. They are dedicated to promoting geographically-relevant innovations in processes, technology, and society, utilizing entrepreneurship as a catalyst for societal improvement and enhanced quality of life. Through their grant-making initiatives, they aim to foster innovation and entrepreneurship as drivers of positive change.


Official website here: www.deshpandefoundation.org

What do the Facebook reviews say about Deshpande Foundation Inc C/O Boston Foundation Inc?

94% of 65 reviewers on Facebook recommend the Deshpande Foundation Inc C/O Boston Foundation Inc. Here's a summary of their reviews:

Many commenters express admiration for the foundation's innovative approach, suggesting that its model is highly effective and should be implemented internationally. This enthusiasm highlights users' belief in the organization's potential for significant global impact. Overall, the positive sentiment reflects that the foundation is on a strong path towards achieving its mission and resonates well with its supporters.


This AI summary has been generated from reviews found on Facebook.

Is Deshpande Foundation Inc C/O Boston Foundation Inc legitimate?

Deshpande Foundation Inc C/O Boston Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Deshpande Foundation Inc C/O Boston Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $378,316

For more financial information, click here


Official website here: www.deshpandefoundation.org

What is the mission statement of Deshpande Foundation Inc C/O Boston Foundation Inc?

The Deshpande Foundation, through its operations, promotes the use of entrepreneurship and innovation as driving forces for societal transformation and enhanced quality of life. By employing grant-making strategies, the foundation fosters geographically relevant process, technological, and social innovations, as well as entrepreneurship, aiming to bring about positive change.


Official website here: www.deshpandefoundation.org

Who is the CEO of Deshpande Foundation Inc C/O Boston Foundation Inc?

Paul Grogan is the Principal Officer of Deshpande Foundation Inc C/O Boston Foundation Inc.


Official website here: www.deshpandefoundation.org

What is the revenue of Deshpande Foundation Inc C/O Boston Foundation Inc?

Deshpande Foundation Inc C/O Boston Foundation Inc's revenue in 2022 was $126,792.


Official website here: www.deshpandefoundation.org

Who are the executives of Deshpande Foundation Inc C/O Boston Foundation Inc and what are their salaries?

There 4 volunteers at Deshpande Foundation Inc C/O Boston Foundation Inc.


Here are 7 key members and their salaries:


Paul S Grogan (Clerk & Director)
  • Compensation: $0
  • Related: $636,389
  • Other: $43,403
Kate R Guedj (Treasurer & Director)
  • Compensation: $0
  • Related: $354,585
  • Other: $48,673
Gururaj Deshpande (President & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hemang Dave (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaishree Deshpande (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sushil Vachani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Serge Bhachu (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.deshpandefoundation.org

Where can I find the form 990 for Deshpande Foundation Inc C/O Boston Foundation Inc?

Deshpande Foundation Inc C/O Boston Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.deshpandefoundation.org

Learn more at the official website: www.deshpandefoundation.org

Mission Statement of Deshpande Foundation Inc C/O Boston Foundation Inc

The Deshpande Foundation, Inc., through its mission, advocates for the use of entrepreneurship and innovation as driving forces for societal transformation and enhanced living standards. This nonprofit organization employs grant-making as a strategy to foster geographically-relevant process, technological, and social innovation and entrepreneurship. By doing so, it aims to catalyze positive change and improve the overall quality of life.

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Impact




October, 2024

Deshpande Foundation Inc C/O Boston Foundation Inc leverages entrepreneurship and innovation to drive societal change and enhance the quality of life. Through strategic grant-making, the foundation supports geographically relevant processes, technological advancements, and social innovations that empower communities. By fostering an entrepreneurial ecosystem, the foundation plays a critical role in promoting sustainable development, economic growth, and social progress. Its initiatives inspire individuals and organizations to adopt innovative solutions, ultimately contributing to improved livelihoods and stronger communities in Boston and beyond.




This information is meant to be a general summary of Deshpande Foundation Inc C/O Boston Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$126,792 (2022)
Expenses
$711,056 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $126,792
  • Gross Receipts: $3,402,460

Assets and Liabilities:

  • Total Assets: $14,002,342
  • Total Liabilities: $9,468
  • Net Assets: $13,992,874

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Organization Details

Founding Year

2007

Principal Officer

Paul Grogan

Main Address

75 Arlington Street Fl 3, Boston, MA, 021163936

NTEE Category

Code: T20 - Philanthropy

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