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Wadhwani Impact Trust

Organization summary

Type of Nonprofit

Designated as a 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$7.17M (2023)

Expenses
$4.24M (2023)

Total Assets
$67.2M (2023)

Total Liabilities
$1.06k (2023)

Years with missing data
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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,172,439
Expenses
$4,237,455
Net Income
$2,934,984
Net Assets
$67,168,492
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $949,400
13.2%
Interest Revenue $223
0.0%
Dividends $1,728,671
24.1%
Sales of Assets $4,491,878
62.6%
Other Income $2,267
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,717,570
87.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $67,169,556
Total Liabilities $1,064
Net Assets $67,168,492
Compensation
Key Employees and Officers Compensation Other
Sunil Wadhwani (President, Secretary) $0 $0
Nita Wadhwani (Chairperson, Asst Secretary) $0 $0
Shalina Wadhwani (Treasurer) $0 $0
Rohan Wadhwani (Vice President, Asst. Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,001,275
Expenses
$3,667,754
Net Income
-$1,666,479
Net Assets
$64,236,958
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15
0.0%
Dividends $1,341,262
67.0%
Sales of Assets $662,169
33.1%
Other Income -$2,171
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,910,665
79.4%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $64,236,958
Total Liabilities $0
Net Assets $64,236,958
Compensation
Key Employees and Officers Compensation Other
Sunil Wadhwani (President, Secretary) $0 $0
Nita Wadhwani (Chairperson, Asst Secretary) $0 $0
Shalina Wadhwani (Treasurer) $0 $0
Rohan Wadhwani (Vice President, Asst. Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,236,655
Expenses
$3,038,017
Net Income
$15,198,638
Net Assets
$65,906,146
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,796,068
26.3%
Interest Revenue $256
0.0%
Dividends $2,129,083
11.7%
Sales of Assets $11,304,827
62.0%
Other Income $6,421
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,560,917
84.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $65,906,634
Total Liabilities $488
Net Assets $65,906,146
Compensation
Key Employees and Officers Compensation Other
Sunil Wadhwani (President, Secretary) $0 $0
Nita Wadhwani (Chairperson, Asst Secretary) $0 $0
Shalina Wadhwani (Treasurer) $0 $0
Rohan Wadhwani (Vice President, Asst. Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,093,124
Expenses
$514,359
Net Income
$5,578,765
Net Assets
$50,699,366
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $23,994
0.4%
Dividends $1,397,881
22.9%
Sales of Assets $4,650,628
76.3%
Other Income $20,621
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $196,108
38.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $50,699,422
Total Liabilities $56
Net Assets $50,699,366
Compensation
Key Employees and Officers Compensation Other
Sunil Wadhwani (President, Secretary) $0 $0
Nita Wadhwani (Chairperson, Asst Secretary) $0 $0
Shalina Wadhwani (Treasurer) $0 $0
Rohan Wadhwani (Vice President, Asst. Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,340,898
Expenses
$428,228
Net Income
$7,912,670
Net Assets
$45,118,019
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,297,527
51.5%
Interest Revenue $4,500
0.1%
Dividends $932,478
11.2%
Sales of Assets $3,069,817
36.8%
Other Income $36,576
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $179,519
41.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $45,118,126
Total Liabilities $107
Net Assets $45,118,019

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,941,654
Expenses
$2,118,452
Net Income
$45,823,202
Net Assets
$38,377,678
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $22,210,000
46.3%
Interest Revenue $0
Dividends $426,453
0.9%
Sales of Assets $25,305,201
52.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,751,385
82.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $38,377,678
Total Liabilities $0
Net Assets $38,377,678

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,895,863
Expenses
$1,184,730
Net Income
$5,711,133
Net Assets
$14,669,367
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
14.5%
Interest Revenue $0
Dividends $327,238
4.7%
Sales of Assets $5,568,625
80.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $961,106
81.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,669,367
Total Liabilities $0
Net Assets $14,669,367

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,363,773
Expenses
$521,904
Net Income
$9,841,869
Net Assets
$9,957,010
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $54,911
0.5%
Sales of Assets $10,308,862
99.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $512,106
98.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $9,957,010
Total Liabilities $0
Net Assets $9,957,010

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$151,271
Expenses
$158,905
Net Income
-$7,634
Net Assets
$122,483
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,797
1.2%
Sales of Assets $149,474
98.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $152,850
96.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $122,483
Total Liabilities $0
Net Assets $122,483

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,948
Expenses
$290,668
Net Income
-$288,720
Net Assets
$130,116
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,947
99.9%
Sales of Assets $1
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $287,000
98.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $130,117
Total Liabilities $1
Net Assets $130,116

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

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

Document Links

About This Data

What Is 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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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