Overview
What is Bitsaa International Inc?
Bitsaa International Inc is a nonprofit organization headquartered in Sunnyvale, California. Fueled by numerous individual and collective donations, the organization has established new endowments to aid alumni in distress and support various student projects. Their primary mission is to engage in educational and charitable activities, primarily by raising funds to establish endowments, create scholarships, recognize outstanding teaching and research, and promote resource development at the Birla Institute of Technology and Science in Pilani, India, and its affiliated campuses. This commitment extends to fostering educational growth and fostering a supportive environment for students and alumni.
Official website here: www.bitsaa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Bitsaa International Inc has received a Three-Star rating from Charity Navigator, reflecting a strong focus on Accountability and Finance. The overall score indicates that the charity has been successful in maintaining transparency and proper financial management, crucial factors for donors seeking reliability in nonprofit organizations.
The organization boasts a perfect score for having an independent board, with all members being independent and a substantial board size. They have also demonstrated a commendable absence of asset diversion and have established several policies, such as a whistleblower policy and document retention guidelines, which further underscore their commitment to accountability.
However, while the charity’s financial metrics are strong, the overall rating reflects a singular focus on financial accountability rather than other operational aspects or programmatic impact. Future ratings may benefit from a more comprehensive evaluation that includes program effectiveness alongside financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Bitsaa International Inc legitimate?
Bitsaa International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bitsaa International 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bitsaa.org
What is the mission statement of Bitsaa International Inc?
Bitsaa International Inc is committed to engaging in educational and charitable activities. Their primary goal is to raise funds for establishing endowments, creating scholarships, and rewarding teaching and research. This is done with the aim of promoting the development of resources at the Birla Institute of Technology and Science (BITS-Pilani) and its campuses. Through these efforts, they aim to support students in need and aid them in various projects. With numerous individual and batch donations, Bitsaa International Inc has successfully set up new endowments to assist the alumni and students.
Official website here: www.bitsaa.org
Who is the CEO of Bitsaa International Inc?
Nishank Varshney is the Trustee of Bitsaa International Inc. The CEO's salary of Bitsaa International Inc is $0 and their total compensation is $0.
Official website here: www.bitsaa.org
What is the revenue of Bitsaa International Inc?
Bitsaa International Inc's revenue in 2022 was $851,385.
Official website here: www.bitsaa.org
Who are the executives of Bitsaa International Inc and what are their salaries?
Here are 18 key members and their salaries (Bitsaa International Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.bitsaa.org
Where can I find the form 990 for Bitsaa International Inc?
Bitsaa International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bitsaa.org
Learn more at the official website: www.bitsaa.org
Mission Statement of Bitsaa International Inc
Bitsaa International Inc, a nonprofit organization, is dedicated to engaging in educational and charitable activities. Their primary mission is to raise funds for establishing endowments, creating scholarships, and rewarding teaching and research. This endeavor aims to promote the development of resources at Birla Institute of Technology and Science (BITS) and its campuses in India. By setting up endowments, they provide financial aid to alumni in need and support students for various projects. Through this mission, Bitsaa International Inc seeks to contribute significantly to the growth and success of BITS and its students.
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Impact
October, 2024
Bitsaa International Inc significantly impacts the educational landscape at the Birla Institute of Technology and Science (BITS), Pilani, and its campuses. Through fundraising initiatives, it establishes endowments and creates scholarships, which are crucial for supporting students and alumni in need. These financial resources empower students to undertake various projects and enhance their educational experience.
Furthermore, the organization promotes excellence in teaching and research by rewarding outstanding educators, which enriches the academic environment at BITS. The collective efforts of individual and batch donations have enabled the creation of vital resources that foster development and innovation within the institution. Overall, Bitsaa International Inc plays a pivotal role in shaping the future of education at BITS by ensuring that financial support is available for students and faculty alike, thereby contributing to the growth of knowledgeable and skilled professionals.
This information is meant to be a general summary of Bitsaa International 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,577
- Gross Receipts: $851,385
Assets and Liabilities:
- Total Assets: $732,191
- Total Liabilities: $0
- Net Assets: $732,191
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Organization Details
Founding Year
2002
Principal Officer
Nishank Varshney
Main Address
1030 E EL CAMINO REAL STE 256, SUNNYVALE, CA, 94087
Website
www.bitsaa.orgNTEE Category
Code: B84 - Education
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