Deshpande Foundation Inc

Boston, MA
Tax-exempt since Nov. 2007
EIN: 20-8520739

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

−$227k (2023)

Expenses

$843k (2023)

Total Assets

$13.5M (2023)

Total Liabilities

−$2.85k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

-$226,805

Expenses

$842,802

Net Income

-$1,069,607

Net Assets

$13,509,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,008
Investment Income	$99,164
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$331,977
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$497,378	59.0%

Assets/Debt
Total Assets	$13,506,530
Total Liabilities	-$2,849
Net Assets	$13,509,379

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul S Grogan (Director)	$0	$11,711	$87
Kate R Guedj (Treasurer & Director)	$0	$381,676	$65,842
Gururaj Deshpande (President & Director)	$0	$0	$0
Hemang Dave (Director)	$0	$0	$0
Jaishree Deshpande (Director)	$0	$0	$0
Sushil Vachani (Director)	$0	$0	$0
Servjeet Bhachu (Clerk & Cfo)	$0	$0	$0

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990

Filed on May 10, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$126,792

Expenses

$711,056

Net Income

-$584,264

Net Assets

$13,992,874

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$108,951	85.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,841	14.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$378,316	53.2%

Assets/Debt
Total Assets	$14,002,342
Total Liabilities	$9,468
Net Assets	$13,992,874

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul S Grogan (Clerk & Director)	$0	$636,389	$43,403
Kate R Guedj (Treasurer & Director)	$0	$354,585	$48,673
Gururaj Deshpande (President & Director)	$0	$0	$0
Hemang Dave (Director)	$0	$0	$0
Jaishree Deshpande (Director)	$0	$0	$0
Sushil Vachani (Director)	$0	$0	$0
Serge Bhachu (Chief Financial Officer)	$0	$0	$0

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990

Filed on May 11, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$113,626

Expenses

$1,331,277

Net Income

-$1,217,651

Net Assets

$15,243,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$112,567	99.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,059	0.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$282,193	21.2%

Assets/Debt
Total Assets	$15,245,011
Total Liabilities	$1,757
Net Assets	$15,243,254

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul S Grogan (Clerk & Director)	$0	$605,661	$65,093
Kate R Guedj (Treasurer & Director)	$0	$307,334	$50,682
Gururaj Deshpande (President & Director)	$0	$0	$0
Hemang Dave (Director)	$0	$0	$0
Jaishree Deshpande (Director)	$0	$0	$0
Sushil Vachani (Director)	$0	$0	$0
Serge Bhachu (Chief Financial Officer)	$0	$0	$0

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990

Filed on May 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2020

Revenue

$123,612

Expenses

$1,191,518

Net Income

-$1,067,906

Net Assets

$12,432,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$119,573	96.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,039	3.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$138,671	11.6%

Assets/Debt
Total Assets	$12,443,760
Total Liabilities	$10,774
Net Assets	$12,432,986

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul S Grogan (Clerk & Director)	$0	$694,127	$75,017
Kate R Guedj (Treasurer & Director)	$0	$319,633	$61,289
Gururaj Deshpande (President & Director)	$0	$0	$0
Hemang Dave (Director)	$0	$0	$0
Jaishree Deshpande (Director)	$0	$0	$0
Sushil Vachani (Director)	$0	$0	$0
Serge Bhachu (Chief Financial Officer)	$0	$0	$0

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990

Filed on May 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2019

Revenue

$138,452

Expenses

$524,624

Net Income

-$386,172

Net Assets

$13,619,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$136,103	98.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,349	1.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$133,461	25.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$13,627,358
Total Liabilities	$7,846
Net Assets	$13,619,512

Compensation

Key Employees and Officers	Compensation	Related	Other
Gururaj Deshpande (President & Director)	$0	$0	$0
Kate R Guedj (Treasurer & Director)	$0	$299,482	$68,855
Paul S Grogan (Clerk & Director)	$0	$696,295	$73,246
Hemang Dave (Director)	$0	$0	$0
Jaishree Deshpande (Director)	$0	$0	$0
Sushil Vachani (Director)	$0	$0	$0
Serge Bhachu (Chief Financial Officer)	$0	$0	$0

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990

Filed on May 18, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$202,724

Expenses

$1,087,054

Net Income

-$884,330

Net Assets

$13,471,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$116,583	57.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$86,141	42.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$137,411	12.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$13,472,162
Total Liabilities	$742
Net Assets	$13,471,420

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$1,128,239

Expenses

$898,075

Net Income

$230,164

Net Assets

$13,431,524

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,000,000	88.6%
Program Services	$0
Investment Income	$91,102	8.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$37,137	3.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$207,670	23.1%

Assets/Debt
Total Assets	$13,433,115
Total Liabilities	$1,591
Net Assets	$13,431,524

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$1,366,045

Expenses

$1,233,589

Net Income

$132,456

Net Assets

$11,863,721

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,300,000	95.2%
Program Services	$3	0.0%
Investment Income	$73,751	5.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$7,706
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$315,185	25.6%

Assets/Debt
Total Assets	$11,871,684
Total Liabilities	$7,963
Net Assets	$11,863,721

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$1,706,551

Expenses

$1,647,086

Net Income

$59,465

Net Assets

$11,963,554

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,600,000	93.8%
Program Services	$0
Investment Income	$71,791	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$13,105	0.8%
Net Fundraising	$0
Sales of Assets	$21,655	1.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$400,917	24.3%

Assets/Debt
Total Assets	$11,988,455
Total Liabilities	$24,901
Net Assets	$11,963,554

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$1,745,620

Expenses

$1,665,137

Net Income

$80,483

Net Assets

$11,739,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,650,000	94.5%
Program Services	$0
Investment Income	$59,243	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$8,515	0.5%
Net Fundraising	$0
Sales of Assets	$27,862	1.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$446,748	26.8%

Assets/Debt
Total Assets	$11,752,987
Total Liabilities	$12,996
Net Assets	$11,739,991

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$2,399,758

Expenses

$2,136,391

Net Income

$263,367

Net Assets

$10,176,249

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,250,000	93.8%
Program Services	$0
Investment Income	$134,830	5.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$14,928	0.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$540,978	25.3%

Assets/Debt
Total Assets	$10,197,628
Total Liabilities	$21,379
Net Assets	$10,176,249

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$3,130,548

Expenses

$3,232,120

Net Income

-$101,572

Net Assets

$9,096,150

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,950,000	94.2%
Program Services	$0
Investment Income	$96,911	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$83,637	2.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$376,369	11.6%

Assets/Debt
Total Assets	$9,105,067
Total Liabilities	$8,917
Net Assets	$9,096,150

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$2,880,405

Expenses

$3,045,338

Net Income

-$164,933

Net Assets

$9,372,020

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,750,000	95.5%
Program Services	$0
Investment Income	$85,541	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$44,864	1.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$306,261	10.1%

Assets/Debt
Total Assets	$9,379,102
Total Liabilities	$7,082
Net Assets	$9,372,020

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated January 31, 2025

Deshpande Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue −$227k (2023)

Expenses $843k (2023)

Total Assets $13.5M (2023)

Total Liabilities −$2.85k (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

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Fiscal Year Ending June 2022

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Compensation

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Fiscal Year Ending June 2021

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Compensation

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Fiscal Year Ending June 2020

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Compensation

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Fiscal Year Ending June 2019

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Compensation

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Fiscal Year Ending June 2018

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Fiscal Year Ending June 2017

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Fiscal Year Ending June 2016

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Fiscal Year Ending June 2015

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Fiscal Year Ending June 2014

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Fiscal Year Ending June 2013

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Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2010

Revenue

−$227k (2023)

Expenses

$843k (2023)

Total Assets

$13.5M (2023)

Total Liabilities

−$2.85k (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008