Iit Startups
- Assets
- $352.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-4519324
Organization Overview
Iit Startups is located in Saratoga, CA. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iit Startups 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 12/2021, Iit Startups generated $157.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $12.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATION, SEMINARS AND TRAINING FOR NEW IIT ENTRAPRENUERS, DEMO PROGRAMS FOR MENTORING FROM SUCCESSFUL ENTREPRENEURS AND SEASONED INDUSTRY EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monishi Sanyal CFO & Secretary | 10 | $0 | |
Manoj Goel President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,705 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $157,705 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,094 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $826 |
| Other expenses | $10,047 |
| Total expenses | $11,967 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $352,825 |
| Other assets | $0 |
| Total assets | $352,825 |
| Total liabilities | $0 |
| Net assets or fund balances | $352,825 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iit Startups has recieved totaling $1,750.
| Awarding Organization | Amount |
|---|---|
Motwani Jadeja Family Foundation Lewes, DE PURPOSE: SPONSORSHIP | $1,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Visit Napa Valley Inc Napa, CA | $10,680,406 | $9,057,176 |
Northern California Indian Development Council Inc Eureka, CA | $9,408,932 | $5,019,094 |
Greater Sacramento Area Economic Council Sacramento, CA | $15,768,585 | $3,467,560 |