2025-11-11T15:34:36-08:00 2024-12-31 273731178 WEBER & COMPANY INC 2021 THE ALAMEDA STE 380 SAN JOSE CA 95126 990 2024-01-01 770428724 IIT Bombay Heritage Foundation IITB 4082521664 21710 Stevens Creek Boulevard 115 Cupertino CA 95014 Ankur Manake Treasurer 2025-11-11 true true Trevor Thomas P01081612 4089316201 2024 2025-03-06 01:10:19Z Ankur Manake 21710 Stevens Creek Boulevard 115 Cupertino CA 95014 13358686 false X WWW.IITBOMBAY.ORG X 1996 CA To Promote education, scientific and technological research activities at IIT Bombay 24 0 0 0 10959824 10921889 56476 144407 496319 516524 0 11512619 11582820 10441011 10895779 0 0 0 126690 259563 336993 10700574 11232772 812045 350048 13116156 13477471 27396 38663 13088760 13438808 To Promote education, scientific and technological research activities at IIT Bombay false false 11061785 10895779 11073013 Programs Services Accomplishment include the following Grants to IIT Bombay from the IIT Bombay Heritage Foundation in 2024SCHOLARSHIPS, EXCELLENCE AWARDS & CHAIRSOver 750 continuing Endowed Scholarships as well as numerous Chair Professorships were awarded in 2024.50 new Scholarship awards were made to students in various departments.A grant was made towards the Women Faculty Chair Professorship in the Electrical Engineering Dept. A grant was made towards the Vijay & Sita Vashee Chair in Computer Science Dept.A grant was made towards the Vijay & Sita Vashee Chair in Climate & Sustainability at IIT Bombay. A grant was made towards the Vijay Vashee Computer Science Fellowship Award Endowment.A grant was made towards the Vijay Vashee Climate Change Fellowship Award Endowment.A grant was made towards the DMD Chair.A grant was made to support the Kanitkar Merit Award(s) in the Department of Civil Engineering at IITB for academic year 2024-25.A grant was made to support Prof. S. C. Sahasrabudhe (SCS) Teaching Excellence Award at IIT Bombay.A grant was made towards creation of the Vinaya and Samir Kapoor Competition & Awards for ACcelerating Climate Energy & Sustainability Solutions (ACCESS) at IIT Bombay.A grant was made towards the creation of the Vinaya and Samir Kapoor Summer Program for Undergraduate Research in Sustainability (SPURS) at IIT Bombay.FACULTY AND STUDENT DEVELOPMENT GRANTS A grant was made to support the Young Faculty Awards (YFA).A grant was made to the class of 1970 Reunion Legacy to support the creation of TRA Project (TRA).A grant was made for the Development and execution of a research project on postpartum depression at IIT Bombay.A grant was made towards the Women Empowerment at IIT Bombay.A grant was made to support the Semiconductor research and academic programs at IIT Bombay.A grant was made to support the Strategic Initiatives at IIT Bombay.A grant was made to the Unmesh Mashruwala Innovation Cell (UMIC) at IIT Bombay.A grant was made to support the research led by Prof. K. Ramasubramanian at IIT Bombays Cell for Indian Sciences and Technology in Sanskrit.A grant was made towards the Post-doctoral research fellowship for research around Traditional Indian Knowledge Systems at IIT Bombay.A grant was made towards IT Training to teachers and students of 100 schools in India.FACILITIES, EQUIPMENT AND INFRASTRUCTURE DEVELOPMENT GRANTA grant was made to the Wadhwani Research Center for Bioengineering (WRCB) Phase II at IITB.A grant was made to the Wadhwani Electronics Lab (WEL) at IITB.A grant was made to the Dr. Varun Bhalerao Astronomy Lab.A grant was made to the Surendra and Karen Gupta Lecture Tutorial Hall.A grant was made towards the MBF Technovation Sandbox Program at IIT Bombay.A grant was made to the FedEx Center for Advanced Logistics and Analytics at IIT Bombay.A grant was made to the Koita Centre for Digital Health (KCDH).A grant was made to the Shenoy Innovation Studio at Industrial Design Centre, IIT Bombay.A grant was made to the IIT Bombay Racing team.A grant was made towards the MBF Invention Factory Project at IIT Bombay.A grant was made towards the MBF to support the establishment of a collaborative learning classroom (CC) and an experiential learning lab (EL) at the Department of Electrical Engineering.A grant was made to support the Center for Machine Intelligence and Data Science, at IIT Bombay (CMInDS).A grant was made to support the Desai Sethi School of Entrepreneurship (DSSE) at IIT Bombay.A grant was made to support the Development of Green Energy and Sustainability Hub.A grant was made to support the Alumni-led Hostel Reconstruction Project Evergreen at IIT Bombay.A grant was made to support the enhancement other hostels infrastructure at IIT Bombay. A grant was made to support the Integrated Waste Management Facility Project at IIT Bombay Campus.Support to the Class of 1973 Golden Jubilee Reunion Legacy Project at IIT Bombay.Support to the Class of 1994 Silver Jubilee Reunion Legacy Project at IIT Bombay.WEB BASED SERVICESIn addition to the above grants, IIT Bombay Heritage Foundation provides the following services:Alumni Chapter Activities which include Professional, Networking and Social Events. Alumni web portal www.iitbombay.org which is feature rich. It provides a platform for alumni to interact individually and as a group. The new alumni portal allows alumni to connect with IITB related social media platforms. Facebook, Twitter and LinkedIn newsfeeds and links are provided on the platform.Google administered @iitbombay.org mailboxes.Chat Rooms, Bulletin Boards, Jobs Board, and Alumni Needs section on Alumni Portal. 11061785 true true false false false false false false false false false false false false false false true false false false false true false false false false false false false false false false false false false false false false true false false false false false false false false true 0 0 true 0 false false false false false false false 0 false false false false false false false false false false X 24 0 false false false false false false false true true false true true true true true true true true false false false X Shivani Agarwal 4089316201 21710 Stevens Creek BLVD 115 Cupertino CA 95014 X Parag Saxena Chairman 1.00 0.00 X X 0 0 0 Abhi Gholap Director 1.00 0.00 X 0 0 0 Sreedhar Kona President 5.00 0.00 X X 0 0 0 Ravishankar G Director 1.00 0.00 X 0 0 0 Ankur Manake Treasurer 5.00 0.00 X X 0 0 0 Prof Anurag Mairal Director 1.00 0.00 X 0 0 0 Vinaya Kapoor Director 1.00 0.00 X 0 0 0 Yogesh Kher Director 1.00 0.00 X 0 0 0 Prof Upendra V Bhandarkar Director 1.00 0.00 X 0 0 0 Prof Shireesh Kedare Director 1.00 0.00 X 0 0 0 Hemant Hebbar Vice Treas/Secr 7.00 0.00 X X 0 0 0 Balaji Srinivasan Vice President 6.00 0.00 X X 0 0 0 Beerud Sheth Director 1.00 0.00 X 0 0 0 DC Agrawal Director 1.00 0.00 X 0 0 0 Harsh Koppula Director 1.00 0.00 X 0 0 0 Kashyap Deorah Director 1.00 0.00 X 0 0 0 Parul Gupta Director 1.00 0.00 X 0 0 0 Radhika Venkatraman Director 1.00 0.00 X 0 0 0 SHIVANI GOVIL Director 1.00 0.00 X 0 0 0 Sunil Shenoy Director 1.00 0.00 X 0 0 0 Sunita Parasuraman Director 1.00 0.00 X 0 0 0 Suresh Shenoy Director 1.00 0.00 X 0 0 0 Toos Daruvala Director 1.00 0.00 X 0 0 0 Upal Ghosh Director 1.00 0.00 X 0 0 0 0 false false false 0 10921889 1755092 10921889 Contribution Alumni Event 144407 144407 144407 510107 510107 0 0 0 1782283 1775866 6417 6417 6417 0 0 0 0 11582820 150824 510107 0 0 10895779 10895779 0 0 0 0 0 0 0 0 0 13049 3993 2069 6987 0 0 0 0 0 1228 283 663 282 0 0 0 0 0 0 0 0 0 7061 7061 CONSULTING 139206 42597 22074 74535 Event Expenses 105035 105035 Bank service Charges 30685 30685 WEB service charges 19911 11947 1991 5973 20818 2151 10439 8228 11232772 11061785 44297 126690 2524856 2447534 10647 10648 0 278279 235053 0 0 0 0 11705 12239 0 10142736 10624063 147930 147930 0 0 3 4 13116156 13477471 27396 38663 27396 38663 X 1762592 2149744 11326168 11289064 13088760 13438808 13116156 13477471 350048 X false true X true false X 3022795 5065484 3623242 10959825 10921889 33593235 0 0 3022795 5065484 3623242 10959825 10921889 33593235 4895468 28697767 26401 14495 171450 487267 510108 1209721 0 273 442 130 845 34803801 0.82460 0.87590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11022980 -553423 -553423 11576403 6417 6417 11582820 11232772 11232772 11232772 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Realized Capital Gains on 990 $6417 true Mumbai, India Grant to IIT Bombay 8587550 Wire-Transfe Mumbai, India Grant to IITBAA 2308229 Wire-Transfe 2 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US IIT Bombay Heritage Foundation (IITBHF) MONITORS USE OF FUNDS THROUGH PERIODIC REPORTS AND REVIEWS. ALL CONSTRUCTION AND OTHER BRICK AND MORTAR PROJECTS HAVE DETAILED GUIDELINES TO PROVIDE PROGRESS REPORTS. FUNDS ARE RELEASED ONLY WHEN MILESTONES ARE MET. ACTUAL DONORS ARE ALSO SENT COPIES OF SUCH REPORTS. ALL SCHOLARSHIPS, EXCELLENCE AWARDS, AND ENDOWMENTS REPORTS ARE PROVIDED ANNUALLY TO IITBHF AND ALSO TO THE ACTUAL DONORS OF THE FUNDS. IITBHF MEETS WITH THE IIT BOMBAY ADMINISTRATION AT LEAST ONCE A YEAR TO REVIEW USAGE OF ALL GRANTS AND TO DISCUSS STATUS OF PROJECTS AND AWARDS GRANTED. IN ADDITION A CONFERENCE CALL TAKES PLACE AT LEAST ONCE A QUARTER TO OBTAIN STATUS REPORTS AND REVIEW GRANT ADMINISTRATION.IN ADDITION TO ALL OF THE ABOVE, AN UTILIZATION OF FUNDS REPORT IS PREPARED BY IIT BOMBAY AND SENT TO IITBHF EVERY YEAR WHICH DESCRIBES IN DETAILS HOW MUCH THE GRANT FUNDS WERE USED BY IIT BOMBAY. THIS REPORT IS MADE PUBLIC ON THE ORGANIZATION'S WEBSITE AT WWW.IITBOMBAY.ORG AND REFERRED IN THE ANNUAL MAILER. X 38 1755092 Nasdaq & NYSE false false false Form 990, Part VI, Section B, Line 11b THE IITBHF ACCOUNTANT PROVIDES DETAILS OF THE FIRMS ACCOUNTING OPERATIONS AS WELL AS ALL OTHER REQUESTED INFORMATION TO THE TAX PREPARATION FIRM HIRED BY THEM.THE CFO AND ACCOUNTANT OF IITBHF REVIEWS THE DRAFT PROVIDED BY OUR TAX PREPARATION FIRM AND REQUESTS FURTHER DETAILED TAX RETURN PAPERS FROM THE TAX PREPARATION FIRM IF NECESSARY. THE CFO AND ACCOUNTANT OF IITBHF CONDUCTS A CONFERENCE CALL WITH TAX PREPARATION FIRM TO DISCUSS COMMENTS, QUESTIONS AND SUGGESTED REVISION. THE CFO/TREASURER OF IITBHF REVIEWS THE FINAL DRAFT OF THE 990 AND SIGNS IT AND FILES IT WITH IRS IN A TIMELY MANNER. DETAILED SPREADSHEETS ARE MAINTAINED TO EXPLAIN ALL LINE ITEMS OF THE 990 FORMS TO THE BOARD OF DIRECTORS, IF REQUESTED. THE CFO/TREASURER MAKES A PRESENTATION AT THE NEXT BOARD OF DIRECTOR MEETING TO UPDATE THE BOARD REGARDING THE FINANCIAL OPERATIONS OF THE FIRM. Form 990, Part VI, Section B, Line 12c Key personnel are required to disclose any financial, business and family relationships with major donors (if any) and grantee organizations Form 990, Part VI, Section C, Line 19 Governing documents and policies are provided upon written bequest.