Overview
What is Iit Madras Foundation?
Iit Madras Foundation is a nonprofit organization situated in Cupertino, California, specifically at 19925 Stevens Creek Blvd 100. Its primary mission is to support and advance educational, scientific, and technological research activities at the Indian Institute of Technology Madras. In 2022, they have contributed to this cause by offering various scholarships, faculty fellowships, and even named facilities. Their efforts are instrumental in fostering growth and innovation at the Indian Institute of Technology Madras.
Official website here: www.iitmfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Iit Madras Foundation has achieved an impressive 97% rating on Charity Navigator, which reflects its strong performance in accountability and finance. This high score is indicative of the nonprofit's commitment to transparency and responsible financial management, evidenced by the perfect scores in key areas such as the independence of board members and proper oversight of financial statements.
Strengths highlighted include the foundation's effective governance structure, with an entirely independent board and robust policies in place to manage potential conflicts of interest and whistleblower protections. Additionally, the organization demonstrates exemplary financial health, with a program expense ratio of 94.69%, meaning the vast majority of funds are directed towards its programs rather than administrative costs.
No significant limitations were noted in the available data, which further enhances the foundation's reputation as a well-managed nonprofit. Overall, the Iit Madras Foundation exemplifies best practices in the nonprofit sector, making it a trustworthy option for donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Iit Madras Foundation legitimate?
Iit Madras Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iit Madras Foundation 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,410
For more financial information, click here
Official website here: www.iitmfoundation.org
What is the mission statement of Iit Madras Foundation?
The IIT Madras Foundation's mission is centered around promoting education, scientific, and technological research activities. Specifically, it focuses on supporting these activities at the Indian Institute of Technology Madras. In 2022, the foundation has made significant strides in this regard, providing scholarships, faculty fellowships, and funding for named facilities, thereby contributing to the institution's growth and development in these fields.
Official website here: www.iitmfoundation.org
Who is the CEO of Iit Madras Foundation?
Girish Muckai is the Executive Assis of Iit Madras Foundation. The CEO's salary of Iit Madras Foundation is $0 and their total compensation is $0.
Official website here: www.iitmfoundation.org
What is the revenue of Iit Madras Foundation?
Iit Madras Foundation's revenue in 2022 was $4,160,031.
Official website here: www.iitmfoundation.org
Who are the executives of Iit Madras Foundation and what are their salaries?
The average compensation at Iit Madras Foundation during 2022 was $91,410. There is 1 employee and 38 volunteers at Iit Madras Foundation.
Here are 17 key members and their salaries (Iit Madras Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.iitmfoundation.org
Where can I find the form 990 for Iit Madras Foundation?
Iit Madras Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iitmfoundation.org
Learn more at the official website: www.iitmfoundation.org
Mission Statement of Iit Madras Foundation
The IIT Madras Foundation is dedicated to advancing education, scientific, and technological research activities at the Indian Institute of Technology Madras. Its mission is to foster a conducive environment for knowledge expansion and innovation, contributing significantly to the field of technology and research in India. The foundation achieves this by providing scholarships, faculty fellowships, and supporting the establishment of named facilities at IIT Madras. These initiatives aim to encourage academic excellence, attract top talent, and promote cutting-edge research in various sectors. By investing in the educational and research endeavors of IIT Madras, the foundation contributes to the broader societal development and technological growth of the nation.
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Impact
July, 2024
The IIT Madras Foundation's impact lies in its unwavering commitment to promoting education, scientific, and technological research activities at the Indian Institute of Technology Madras. Through various initiatives, including providing MCM scholarships, faculty fellowships, and named facilities, the Foundation plays a crucial role in supporting the academic endeavors of students and faculty at IIT Madras. By fostering a nurturing environment for learning and research, the Foundation contributes significantly to the advancement of knowledge and innovation in science and technology.
This information is meant to be a general summary of Iit Madras Foundation. 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: $232,128
- Gross Receipts: $6,732,431
Assets and Liabilities:
- Total Assets: $15,519,151
- Total Liabilities: $1,568,747
- Net Assets: $13,950,404
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Organization Details
Founding Year
2014
Phone
(510) 673-5949Principal Officer
Girish Muckai
Main Address
19925 STEVENS CREEK BLVD 100, CUPERTINO, CA, 95014
Website
www.iitmfoundation.orgNTEE Category
Code: P20 - Human services
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