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Binaytara Foundation

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: International, Foreign Affairs and National Security / International Relief (NTEE)

Donations to this organization are tax deductible.

Details

According to its Oct. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$4.65M (2023)

Expenses
$2.65M (2023)

Total Assets
$3.12M (2023)

Total Liabilities
$145k (2023)

Source: Form 990 tax filings from 2013 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 Oct.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,645,397
Expenses
$2,654,357
Net Income
$1,991,040
Net Assets
$2,972,575
Notable Sources of Revenue Percent of Total Revenue
Contributions $547,907
11.8%
Program Services $4,090,061
88.0%
Investment Income $7,429
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $277,611
10.5%
Professional Fundraising Fees $0
Other Salaries and Wages $249,207
9.4%
Assets/Debt
Total Assets $3,118,030
Total Liabilities $145,455
Net Assets $2,972,575
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Binay Shah (Board President) $275,611 $275,611 $11,609
Siddhartha Yadav (Board Member) $2,000 $2,000 $0
David Aboulafia (Board Member) $0 $0 $0
Andrea Veatch (Board Member) $0 $0 $0
Mark Pegram (Board Member) $0 $0 $0
Timothy Erikson (Board Member) $0 $0 $0
Aparna Parikh (Board Member) $0 $0 $0
Shaji Kumar (Board Member) $0 $0 $0
Tara Shah (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Oct.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,684,753
Expenses
$1,213,723
Net Income
$471,030
Net Assets
$981,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $394,610
23.4%
Program Services $1,278,770
75.9%
Investment Income $524
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $10,849
0.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $84,016
6.9%
Assets/Debt
Total Assets $1,003,153
Total Liabilities $21,618
Net Assets $981,535
Compensation
Key Employees and Officers Compensation Related Other
Binay Shah (Board President) $0 $0 $0
Tara Shah (Treasurer/Secretary) $0 $0 $0
David Aboulafia (Member) $0 $0 $0
Shaji Kumar (Member) $0 $0 $0
Siddhartha Yadav (Member) $0 $0 $0
Timothy Erickson (Member) $0 $0 $0
Aparna Parikh (Member) $0 $0 $0

Document Links

Fiscal Year Ending Oct.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$978,980
Expenses
$532,938
Net Income
$446,042
Net Assets
$510,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $495,090
50.6%
Program Services $483,882
49.4%
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $73,215
13.7%
Assets/Debt
Total Assets $525,843
Total Liabilities $15,338
Net Assets $510,505
Compensation
Key Employees and Officers Compensation Related Other
Binay Shah (Board President) $0 $0 $0
Tara Shah (Treasurer/Secretary) $0 $0 $0
David Aboulafia (Member) $0 $0 $0
Shaji Kumar (Member) $0 $0 $0
Siddhartha Yadav (Member) $0 $0 $0
Timothy Erickson (Member) $0 $0 $0
Aparna Parikh (Member) $0 $0 $0

Document Links

Fiscal Year Ending Oct.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$339,708
Expenses
$348,097
Net Income
-$8,389
Net Assets
$65,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $221,952
65.3%
Program Services $117,722
34.7%
Investment Income $34
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,931
2.0%
Assets/Debt
Total Assets $75,801
Total Liabilities $10,000
Net Assets $65,801
Compensation
Key Employees and Officers Compensation Related Other
Binay Shah Md (President) $0 $0 $0
Tara Shah Rn (Secretary Treasurer) $0 $0 $0
Yusuf Qamruzzaman Md (Director) $0 $0 $0
Timothy Erickson Md (Director) $0 $0 $0
Derrel Walker Md (Director) $0 $0 $0
David Aboulafia Md (Director) $0 $0 $0
Julie Gralow Md (Director) $0 $0 $0
Shaji Kumar Md (Btf Cancer Research Institute) $0 $0 $0

Document Links

Fiscal Year Ending Oct.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$368,286
Expenses
$454,060
Net Income
-$85,774
Net Assets
$73,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $314,478
85.4%
Program Services $53,300
14.5%
Investment Income $508
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $100,356
22.1%
Assets/Debt
Total Assets $81,158
Total Liabilities $7,480
Net Assets $73,678
Compensation
Key Employees and Officers Compensation Related Other
Timothy Erickson Md (Board Member) $0 $0 $0
Yusuf Qamruzzaman Md (Board Member) $0 $0 $0
Derrel Walker Md (Board Member) $0 $0 $0
Julie Gralow Md (Board Member) $0 $0 $0
David Aboulafia Md (Board Member) $0 $0 $0
Binay Shah Md (President) $0 $0 $0
Tara Shah Rn (Secretary & Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Oct.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$259,292
Expenses
$247,198
Net Income
$12,094
Net Assets
$159,452
Notable Sources of Revenue Percent of Total Revenue
Contributions $217,193
83.8%
Program Services $35,418
13.7%
Investment Income $920
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $5,761
2.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $92,776
37.5%
Assets/Debt
Total Assets $163,784
Total Liabilities $4,332
Net Assets $159,452
Compensation
Key Employees and Officers Compensation Related Other
Timothy Erickson Md (Board Member) $0 $0 $0
Yusuf Qamruzzaman Md (Board Member) $0 $0 $0
Derrel Walker Md (Board Member) $0 $0 $0
Binay Shah Md (President) $0 $0 $0
Tara Shah Rn (Secretary & Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Oct.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$167,500
Expenses
$135,906
Net Income
$31,594
Net Assets
$146,846
Notable Sources of Revenue Percent of Total Revenue
Contributions $82,976
49.5%
Program Services $84,414
50.4%
Investment Income $110
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $146,846
Total Liabilities $0
Net Assets $146,846

Document Links

Fiscal Year Ending Oct.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$116,541
Expenses
$85,018
Net Income
$31,523
Net Assets
$115,252
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,216
35.4%
Program Services $75,325
64.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $115,252
Total Liabilities $0
Net Assets $115,252

Document Links

Fiscal Year Ending Oct.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$129,590
Expenses
$76,462
Net Income
$53,128
Net Assets
$83,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $77,640
59.9%
Program Services $51,950
40.1%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $83,729
Total Liabilities $0
Net Assets $83,729

Document Links

Fiscal Year Ending Oct.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$35,036
Expenses
$16,096
Net Income
$18,940
Net Assets
$30,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,161
57.5%
Program Services $14,875
42.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $30,601
Total Liabilities $0
Net Assets $30,601

Document Links

Fiscal Year Ending Dec.
2013

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 Oct.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$49,020
Expenses
$50,978
Net Income
-$1,958
Net Assets
$6,052
Notable Sources of Revenue Percent of Total Revenue
Contributions $32,067
65.4%
Program Services $16,953
34.6%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $6,052
Total Liabilities $0
Net Assets $6,052

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

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.

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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