Overview
What is Iit (Bhu) Foundation Inc?
Iit (Bhu) Foundation Inc is a United States-based organization, specifically located at 37 E Cobbhill Road, Loudonville, NY 12211. Its primary mission is to support and advance the work of the Indian Institute of Technology (IIT) Banaras Hindu University, a public technical and research university situated in Varanasi, Uttar Pradesh, India. The foundation serves as a U.S. "friends of" entity, formed by individuals who aim to contribute to the progress of IIT Banaras Hindu University. Its main purpose is to distribute funds that are primarily expected to benefit this university, although it may not be the sole recipient of these funds.
Official website here: www.iitbhufoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Iit (Bhu) Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With an overall score of 92%, the foundation excels in several key areas, emphasizing transparency and effective financial management. The foundation's independent board is fully composed of members without conflicts of interest, showcasing its integrity in governance.
Strengths highlighted include a high program expense ratio of 92.96%, indicating that the majority of its funds are directed towards its mission-driven programs rather than administrative costs. Additionally, the foundation has robust financial oversight mechanisms in place, as evidenced by its full score in the audit and oversight committee category and a zero percent liabilities to assets ratio, demonstrating fiscal responsibility.
While the foundation shows strong financial health and governance practices, continuous monitoring and maintaining these standards will be essential for future credibility and success. Overall, the Iit (Bhu) Foundation Inc appears to be a reliable nonprofit organization with a focus on responsible financial management and fulfilling its charitable mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Iit (Bhu) Foundation Inc legitimate?
Iit (Bhu) Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iit (Bhu) 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: $0
For more financial information, click here
Official website here: www.iitbhufoundation.org
What is the mission statement of Iit (Bhu) Foundation Inc?
The IIT (Bhu) Foundation Inc is a U.S.-based organization formed by individuals with the intention of advancing and supporting the work of the Indian Institute of Technology (Banaras Hindu University), often referred to as IIT (BHU). This public technical and research university is located in Varanasi, Uttar Pradesh, India. The primary role of the IIT (Bhu) Foundation Inc is to serve as a principal (though not necessarily exclusive) recipient of funds distributed by the organization. The foundation's mission is to contribute to the advancement and support of IIT (BHU)'s endeavors, ultimately aiming to bolster its research and educational initiatives.
Official website here: www.iitbhufoundation.org
Who is the CEO of Iit (Bhu) Foundation Inc?
Arun Tripathi is the President of Iit (Bhu) Foundation Inc.
Official website here: www.iitbhufoundation.org
What is the revenue of Iit (Bhu) Foundation Inc?
Iit (Bhu) Foundation Inc's revenue in 2022 was $1,918,267.
Official website here: www.iitbhufoundation.org
Who are the executives of Iit (Bhu) Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iitbhufoundation.org
Where can I find the form 990 for Iit (Bhu) Foundation Inc?
Iit (Bhu) Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iitbhufoundation.org
Learn more at the official website: www.iitbhufoundation.org
Mission Statement of Iit (Bhu) Foundation Inc
The IIT (BHU) Foundation Inc is a United States-based organization formed by individuals with a shared goal of advancing and supporting the work of the Indian Institute of Technology (Banaras Hindu University, "IIT (BHU)"). This esteemed public technical and research university is located in Varanasi, Uttar Pradesh, India. The primary role of the IIT (BHU) Foundation Inc is to serve as a conduit for distributing funds to IIT (BHU), which is anticipated to be the main, although not necessarily the exclusive, beneficiary of the funds disbursed by the foundation. The mission of IIT (BHU) Foundation Inc is to contribute to the progress and development of IIT (BHU), a renowned institution known for its technical and research capabilities. The foundation's activities are aimed at bolstering IIT (BHU)'s accomplishments and furthering its objectives in the academic and research spheres.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
IIT (BHU) Foundation Inc's impact lies in its efforts to advance and support the Indian Institute of Technology (Banaras Hindu University), a prestigious public technical and research university located in Varanasi, Uttar Pradesh, India. Through grants and funding, the foundation aims to enhance the educational and research capabilities of the institution, contributing to the development of technological innovation and academic excellence. By supporting IIT (BHU), the foundation plays a crucial role in furthering education and research in the field of engineering and technology.
This information is meant to be a general summary of Iit (Bhu) 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $39,214
- Gross Receipts: $2,894,295
Assets and Liabilities:
- Total Assets: $2,962,424
- Total Liabilities: $0
- Net Assets: $2,962,424
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2020
Phone
(704) 340-2344Principal Officer
Arun Tripathi
Main Address
37 E COBBLEHILL ROAD, LOUDONVILLE, NY, 12211
Website
www.iitbhufoundation.orgNTEE Category
Code: B12 - Education
If you are a representative of Iit (Bhu) Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.