2023-11-14T16:17:43-06:00 2022-12-31 941341042 FRANK RIMERMAN & CO LLP 1 EMBARCADERO CENTER STE 2410 SAN FRANCISCO CA 94111 990 2022-01-01 825003065 SITARE FOUNDATION SITA 6503055721 PO BOX 51958 PALO ALTO CA 94303 SHILPA SINGHAL PRESIDENT 6503055721 2023-11-14 1 SHILPA SINGHAL XXX-XX-XXXX 0 JASMINE D BERJIKLY P00537258 4154391144 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHILPA SINGHAL PO BOX 51958 PALO ALTO CA 94303 6209284 0 X WWW.SITARE.ORG X 2018 CA TO PROVIDE HIGH-QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA. 3 3 0 0 0 0 2793165 3791169 0 0 130719 37294 0 0 2923884 3828463 1430740 969260 0 0 0 0 0 0 0 77865 444848 1508605 1414108 1415279 2414355 29674432 22071641 6490274 3884000 23184158 18187641 X SITARE FOUNDATION IS AN ORGANIZATION THAT WILL PROVIDE EDUCATION TO UNDERPRIVILEGED CHILDREN. A MIND IS A TERRIBLE THING TO WASTE. SITARE FOUNDATION BELIEVES THAT BY GIVING THE BRIGHTEST CHILDREN THE BEST POSSIBLE EDUCATION, THEY WILL GROW UP TO BECOME SOME OF THE BEST PROFESSIONALS THIS WORLD HAS WITNESSED. SITARE FOUNDATION IS AIMED TO CULTIVATE A CULTURE OR GIVING AND CREATING BRIGHT MINDS TO BE NET CONTRIBUTORS TO THE SOCIETY. IF EACH KID THAT GETS BENEFIT IN RETURN PROVIDES MENTORSHIP AND GUIDANCE TO TEN OR MORE UNDERPRIVILEGED CHILDREN, THE SITARE MOVEMENT WILL BE HUGE. SITARE FOUNDATION HAS BEEN FORMED TO RAISE MONEY THROUGHOUT CALIFORNIA AND EVENTUALLY NATIONWIDE. 0 0 153818 2044797 IN ONLY ITS FIFTH YEAR SINCE FORMATION, THE SITARE FOUNDATION HAS SECURED $20 MILLION OF CONTRIBUTIONS TO FURTHER ITS CHARITABLE PURPOSE OF PROVIDING EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA. 969260 969260 THE FOUNDATION SUPPORTS CHARITABLE PROJECTS FOR THE HOPE AND DREAMS TRUST THROUGH A FISCAL SPONSORSHIP AGREEMENT TO PROVIDE HIGH-QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA WHO SHOW HIGH ACADEMIC POTENTIAL 1123078 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 CA X FRANK RIMERMAN & CO LLP 4154391144 1 EMBARCADERO CENTER SUITE 2410 SAN FRANCISCO CA 94111 X SHILPA SINGHAL PRESIDENT 10.00 X 0 0 0 PANDURANG NAYAK CFO 2.00 X 0 0 0 AMITABH K SINGHAL SECRETARY 10.00 X 0 0 0 0 0 0 0 0 0 0 0 3791169 3791169 45902 45902 2372213 2380821 -8608 -8608 -8608 3828463 0 0 37294 969260 969260 6417 6417 37596 37596 34762 34762 3934 3934 101975 101975 TUITION 149884 149884 PORTFOLIO EXPENSES FROM 110280 110280 1414108 1123078 291030 0 0 16066 69260 0 19730565 12989338 9866627 8316237 7980 750000 29674432 22071641 6490274 3884000 6490274 3884000 X 23114898 18187641 69260 0 23184158 18187641 29674432 22071641 2414355 -7410872 0 X 0 X 1 X 1 0 X 0 0 1 2793165 2001000 4794166 1 2793165 2001000 4794166 4794166 0 0 95084 103003 53883 251970 5046136 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 VENTURE HIGHWAY SERIES 1 3657697 F OCTAHEDRON OFFSHORE FUND LTD. 2178191 F ARGEAN CAPITAL KX-SERIES B LLC 747413 F MENLO ENTREPRENEURS FUND 97664 F VENTURE HIGHWAY FUND III 635272 F HALLOAPP INC 1000000 C 8316237 ACCRUED EXPENSES 39250 MARGIN PAYABLE 3844750 3884000 3828463 0 3828463 0 3828463 8824980 7410872 7410872 1414108 0 1414108 PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS 7,410,872. 1 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 900000 0 0 0 0 0 0 900000 0 900000 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, EDUCATION SUPPORT 900000 WIRE TRANSFER 0 FMV 1 0 0 0 0 0 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART I, LINE 3, ITEM 1 ACCOUNTING METHOD: ACCRUAL FORM 990, PART VI, SECTION A, LINE 2 AMITABH K. SINGHAL AND SHILPA SINGHAL ARE LEGALLY MARRIED. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION WORKS WITH ITS TAX PREPARERS TO REVIEW THE FORM 990 TO ENSURE AN ACCURATE FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C A DETAILED CONFLICT OF INTEREST POLICY HAS BEEN WRITTEN. IT INCLUDES DETAILED PROCEDURES FOR ADDRESSING CONFLICT OF INTEREST. IF THERE ARE VIOLATIONS OF THE CONFLICT OF INTEREST POLICY, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN. FORM 990, PART VI, SECTION C, LINE 19 EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE POLICY, 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.