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Sitare Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 825003065 ✦ Palo alto, CA ✦ Designated as a 501(c)(3)

Overview

What is Sitare Foundation?

Sitare Foundation is a charitable organization, established only five years ago, that has successfully raised $20 million in contributions. Their primary mission is to provide high-quality education to underprivileged children in India. The foundation strongly believes that investing in the brightest minds can lead to the creation of outstanding professionals, contributing positively to society. By fostering a culture of giving and nurturing bright minds, Sitare Foundation aims to inspire future generations to pay it forward, mentoring and guiding numerous underprivileged children. The foundation operates primarily in California, with plans to expand its reach nationwide.


Official website here: www.sitare.org

Is Sitare Foundation legitimate?

Sitare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sitare Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sitare.org

What is the mission statement of Sitare Foundation?

The Sitare Foundation is an organization dedicated to providing high-quality education to underprivileged children in India. They believe in the potential of every child and aim to offer the brightest ones an excellent education, which they believe will foster the growth of future professionals. The foundation's mission is grounded in the belief that education is a valuable resource that should not be wasted. By cultivating a culture of giving and nurturing bright minds, they hope to create individuals who will contribute positively to society. The Sitare Foundation aims to raise funds, initially in California and eventually nationwide, to support this mission and potentially create a ripple effect, where each beneficiary could mentor and guide ten or more underprivileged children, thereby expanding its reach and impact.


Official website here: www.sitare.org

Who is the CEO of Sitare Foundation?

Shilpa Singhal is the President of Sitare Foundation.


Official website here: www.sitare.org

What is the revenue of Sitare Foundation?

Sitare Foundation's revenue in 2022 was $3,828,463.


Official website here: www.sitare.org

Who are the executives of Sitare Foundation and what are their salaries?

Here are 3 key members and their salaries:

    Shilpa Singhal (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pandurang Nayak (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amitabh K Singhal (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sitare.org

    Where can I find the form 990 for Sitare Foundation?

    The Sitare Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sitare.org

    Learn more at the official website: www.sitare.org

    Mission Statement of Sitare Foundation

    Sitare Foundation, a non-profit organization, is committed to providing high-quality education to underprivileged children in India. The organization believes that every child, regardless of their background, has the potential to become a valuable contributor to society. By offering the brightest minds the best possible education, Sitare Foundation aims to cultivate a culture of giving and nurture future professionals. The foundation's mission is not just about educating individual children but also encouraging them to pay it forward. By mentoring and guiding ten or more underprivileged children each, the Sitare movement could significantly impact many lives. The Sitare Foundation has been established with the goal of raising funds not only in California but nationwide to support its educational initiatives.

    Impact

    This information is meant to be a general summary of Sitare Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Sitare Foundation's impact can be seen in its dedication to providing high-quality education to underprivileged children in India. In just five years since its formation, Sitare Foundation has secured $20 million in contributions towards this noble cause. By focusing on nurturing the brightest young minds through education, the foundation aims to create a generation of skilled professionals who can make a positive impact on society. The model of giving back and mentorship that Sitare Foundation promotes has the potential to create a significant ripple effect, with each child benefiting from the foundation's work able to inspire and guide numerous others in need. By raising funds and awareness in California and beyond, Sitare Foundation is working towards building a network of empowered individuals who contribute positively to their communities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,294
  • Program Service Revenue: $0
  • Gross Receipts: $6,209,284

    • Assets and Liabilities:
  • Total Assets: $22,071,641
  • Total Liabilities: $3,884,000
  • Net Assets: $18,187,641
  • Organization Details

    Founding Year

    2018

    Principal Officer

    Shilpa Singhal

    Main Address

    PO BOX 51958, PALO ALTO, CA, 94303

    NTEE Category

    Code: Q12 - International

    If you are a representative of Sitare Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.