Overview
What is Iitk Fund Inc?
IITK Fund Inc is a nonprofit organization that allocates charitable contributions to eligible charities and provides financial aid to IIT Kanpur. Their mission encompasses funding scholarships, improving infrastructure, promoting research, backing student initiatives, and offering community services for underprivileged individuals. Additionally, they support activities beyond government funding at IITK Kanpur.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Iitk Fund Inc has received a solid Three-Star rating from Charity Navigator, with an overall score of 88% based entirely on its Accountability & Finance metrics. The organization demonstrates a strong commitment to financial transparency and responsible governance, highlighted by a 97.78% program expense ratio, indicating that a significant portion of its funds is directed toward its mission-related activities.
The board of Iitk Fund Inc consists of a fully independent group, which is a positive indicator of impartial oversight. The organization excels in key areas such as having a conflict of interest policy in place and maintaining thorough financial statements that are audited. Additionally, it has no material diversion of assets, reflecting sound financial management.
However, the organization does have some areas for improvement. Notably, it lacks a whistleblower policy, document retention and destruction policy, and the tax form is not posted on its website. Addressing these gaps could enhance its accountability and provide further assurance to donors about the integrity of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Iitk Fund Inc legitimate?
Iitk Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iitk Fund Inc submitted a form 990EZ, 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.
What is the mission statement of Iitk Fund Inc?
The IITK Fund, as an organization, is dedicated to distributing charitable funds to eligible non-profit entities and supporting IITK Kanpur through scholarships, infrastructure development, research, student initiatives, community service, and activities that fall outside the scope of government funding. Its mission aims to aid qualifying organizations and enhance the educational and research capabilities at IITK Kanpur, ultimately benefiting the community and those in need.
Who is the CEO of Iitk Fund Inc?
Sripat Pandey is the Secretary of Iitk Fund Inc.
What is the revenue of Iitk Fund Inc?
Iitk Fund Inc's revenue in 2022 was $4,722.
Who are the executives of Iitk Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Iitk Fund Inc?
Iitk Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Iitk Fund Inc
The IITK Fund, a charitable organization, is dedicated to distributing funds to eligible non-profit entities and providing financial support to IITK Kanpur for various purposes. Its mission encompasses granting funds for scholarships, infrastructure development, research, student initiatives, and community service projects aimed at assisting those in need, beyond the scope of government funding. Additionally, the IITK Fund contributes to initiatives that are not financially covered by the government, thereby extending its reach and impact in the realm of charitable activities.
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Impact
August, 2024
Iitk Fund Inc's impact is significant, as it organizes charitable distributions to qualifying non-profit organizations and provides funds to IITK Kanpur for scholarships, infrastructure, research, student initiatives, community service for people in need, and activities not covered by government funding. This demonstrates a commitment to supporting education, research, and community service initiatives, particularly in the international context.
This information is meant to be a general summary of Iitk Fund 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.
- Gross Receipts: $4,722
Assets and Liabilities:
- Total Assets: $166,019
- Total Liabilities: $2,234
- Net Assets: $163,785
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Organization Details
Phone
(646) 415-7764Principal Officer
Sripat Pandey
Main Address
62 William Street 2nd Floor, New York, NY, 10005
NTEE Category
Code: Q33 - International
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