Itee Foundation
- Assets
- $61.7k
- Revenue
- $33.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Ramon, CA
- Founding
- 05/2003
- Data as of
- 08/2024
- EIN
- 13-4220236
Organization Overview
Itee Foundation is located in San Ramon, CA. The organization was established in 2003. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itee Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2024, Itee Foundation generated $33.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $63.7k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION OF THE UNDERPRIVILEGED TAMIL RESIDENTS IN CALIFORNIA OTHER STATES AND COUNTRIES AND FOSTER THE GROWTH AND DEVELOPMENT OF ECONOMY, TECHNOLOGY AND GENERAL WELFARE OF THE TAMIL COMMUNITY IN SRI LANKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN SRI LANKA, ADDITION TO E-LESSONS, CONTINUED UKI.LIFE 6 MONTH SOFTWARE CODING CRASH PROGRAM WITH FULL SCHOLARSHIP. GRADUATES WERE CONNECTED WITH PRIVATE SECTOR BUSINESSES & AWARDED INTERNSHIPS. STEM E-LESSONS ARE BEING CONVERTED TO MOBILE PLATFORM FOR EASY ACCESS BY STUDENTS ALSO SUPPORTED GEEK COMPETITION FOR HIGH SCHOOL STUDENTS AND COLLEGE SENIORS. INITIATED MENTORING FOR GRADUATES INTERESTED IN STARTING THEIR OWN VENTURES. INITIATED ENTREPRENEURS' CLUB IN MOST HIGH SCHOOLS AND DISTRIBUTED DYI SCIENCE PROJECTS FOR SELF LEARNING
INCLUDED ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kethess Srikanthan Auditor | Trustee | 0.5 | $0 |
Rajan Bala Board Member | Trustee | 0.5 | $0 |
B Thiruparan Board Member | Trustee | 0.5 | $0 |
Vel Subramaniam Board Member | Trustee | 0.5 | $0 |
Sanmuga Siva Board Member | Trustee | 0.5 | $0 |
Haran Thananayagam Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,175 |
| Total Program Service Revenue | $0 |
| Investment income | $1,354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $62,965 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $74 |
| Information technology | $644 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $61,708 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $61,708 |