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Avasant 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: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$923k (2023)

Expenses
$245k (2023)

Total Assets
$1.21M (2023)

Total Liabilities
$19.4k (2023)

Source: Form 990 tax filings from 2014 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
Revenue
$923,356
Expenses
$245,102
Net Income
$678,254
Net Assets
$1,190,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $683,271
74.0%
Program Services $16,060
1.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $224,025
24.3%
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 $0
Assets/Debt
Total Assets $1,209,479
Total Liabilities $19,426
Net Assets $1,190,053
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $0 $0 $0
Kevin Parikh (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$371,573
Expenses
$331,116
Net Income
$40,457
Net Assets
$511,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $165,750
44.6%
Program Services $10,416
2.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $195,407
52.6%
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 $0
Assets/Debt
Total Assets $541,225
Total Liabilities $29,426
Net Assets $511,799
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $0 $0 $0
Kevin Parikh (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$373,127
Expenses
$294,952
Net Income
$78,175
Net Assets
$471,342
Notable Sources of Revenue Percent of Total Revenue
Contributions $181,232
48.6%
Program Services $17,520
4.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $174,375
46.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $75,917
25.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $490,768
Total Liabilities $19,426
Net Assets $471,342
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $75,917 $0 $0
Kevin Parikh (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$411,291
Expenses
$219,798
Net Income
$191,493
Net Assets
$393,167
Notable Sources of Revenue Percent of Total Revenue
Contributions $282,766
68.8%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $128,525
31.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $154,000
70.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $412,593
Total Liabilities $19,426
Net Assets $393,167
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $154,000 $0 $0
Kevin Parikh (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$218,199
Expenses
$202,937
Net Income
$15,262
Net Assets
$201,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,306
37.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $136,893
62.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $152,018
74.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $221,100
Total Liabilities $19,426
Net Assets $201,674
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $152,018 $0 $0
Kevin Parikh (President) $0 $0 $0
Ravi Mahalingam (Treasurer/Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$118,507
Expenses
$207,767
Net Income
-$89,260
Net Assets
$186,412
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $118,507
100%
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 $0
Assets/Debt
Total Assets $205,088
Total Liabilities $18,676
Net Assets $186,412
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $120,907 $0 $0
Kevin Parikh (President) $0 $0 $0
Robert W Randoph (Treasurer) $0 $0 $0
Ravi Mahalingam (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$161,107
Expenses
$174,428
Net Income
-$13,321
Net Assets
$275,672
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $161,107
100%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $294,348
Total Liabilities $18,676
Net Assets $275,672
Compensation
Key Employees and Officers Compensation Other
Chitra Rajeshwari (Exec Director) $90,000 $0
Kevin Parikh (President) $0 $0
Robert W Randoph (Treasurer) $0 $0
Ravi Mahalingam (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,906
Expenses
$263,202
Net Income
-$77,296
Net Assets
$288,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $66,000
35.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $119,906
64.5%
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 $134,999
51.3%
Assets/Debt
Total Assets $288,993
Total Liabilities $0
Net Assets $288,993
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $120,778 $0 $0
Kevin Parikh (President) $0 $0 $0
Robert W Randoph (Treasurer) $0 $0 $0
Ravi Mahalingam (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$106,733
Expenses
$214,229
Net Income
-$107,496
Net Assets
$366,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,321
11.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $94,412
88.5%
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 $122,041
57.0%
Assets/Debt
Total Assets $373,186
Total Liabilities $6,897
Net Assets $366,289
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $120,778 $0 $0
Kevin Parikh (President) $0 $0 $0
Robert W Randoph (Treasurer) $0 $0 $0
Ravi Mahalingam (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$581,632
Expenses
$107,847
Net Income
$473,785
Net Assets
$473,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $470,317
80.9%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $111,315
19.1%
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 $75,489
70.0%
Assets/Debt
Total Assets $486,324
Total Liabilities $12,539
Net Assets $473,785
Compensation
Key Employees and Officers Compensation Related Other
Chitra Rajeshwari (Exec Director) $75,489 $0 $0
Kevin Parikh (President) $0 $0 $0
Robert W Randoph (Treasurer) $0 $0 $0
Ravi Mahalingam (Secretary) $0 $0 $0

Document Links

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 »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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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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