Maker Bhavan Foundation

EIN: 822933252 501(c)(3) Education

Palo Alto, CA

Total Revenue
$940,846
Total Expenses
$648,225
Total Assets
$639,503
Net Assets
$639,503
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
Subhash Tantry
Phone
6503466300
Tax Period
2024-01-01 to 2024-12-31

Maker Bhavan Foundation, founded in 2017, is a small nonprofit in the Education sector that reported $941K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $293K, a strong 31% operating margin.

Mission

To enable Stem Education in India to train students to be innovative and job-ready upon graduation. The foundation acts as a global resource for Indian engineering colleges to provide access to tools, equipment, financial resources, and knowledge so that the education imparted is more relevant and responsive to the real life needs of students and society at large.

Program Service Accomplishments

Program 1
Expenses: $150,000

Maker Bhavan - IIT Gandhinagar - MBFs flagship makerspace at IIT Gandhinagar hosted 11 full-semester courses by IITGN faculty and 4 project-based workshops by facility staff. It also organized...

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Maker Bhavan - IIT Gandhinagar - MBFs flagship makerspace at IIT Gandhinagar hosted 11 full-semester courses by IITGN faculty and 4 project-based workshops by facility staff. It also organized workshops for K12 students across Gujarat. In 2024, MBF fulfilled its funding commitment with a final grant of USD 150,000, as per the MoU.

Program 2
Expenses: $135,400

Tinkerers Labs (TLs) are academic makerspaces established in collaboration with Higher Education Institutions (HEIs) across India. In 2024, Maker Bhavan Foundation (MBF) launched a new TL at IIT...

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Tinkerers Labs (TLs) are academic makerspaces established in collaboration with Higher Education Institutions (HEIs) across India. In 2024, Maker Bhavan Foundation (MBF) launched a new TL at IIT Ropar in Rupnagar, Punjab, bringing the total to 12 labs nationwide. The setup cost for the new facility is USD 100,000, of which USD 48,286.97 was disbursed in 2024 as the initial tranche. A state-of-the-art Management Information System was also developed and deployed to enhance lab operations. USD 87,112.97 was expended in 2024 toward development costs.

Program 3
Expenses: $117,701

Invention Factory (IF) is a flagship, six-week, residential summer program designed for undergraduate engineering and design students in India. In 2024, it was held at IIT Bombay, IIT Gandhinagar...

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Invention Factory (IF) is a flagship, six-week, residential summer program designed for undergraduate engineering and design students in India. In 2024, it was held at IIT Bombay, IIT Gandhinagar, and IIT Jammu. A total of 30 student teams (58 students) from 15 IITs, 3 NITs, and 16 private colleges participated, culminating in 30 provisional patent filings in both the U.S. and India. Program expenses totaled USD 117,701.70 in 2024.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $925,181
Program Service Revenue $0
Investment Income $15,665
Other Revenue $0
TOTAL REVENUE $940,846

Expense Breakdown

Grants Paid $512,089
Salaries & Benefits $67,775
Fundraising Expenses $27,360
Program Expenses $512,089
Other Expenses $68,361
TOTAL EXPENSES $648,225

Year-over-Year Comparison

2024 2023 Change
Revenue $940,846 $602,283 +0.6%
Expenses $648,225 $497,259 +0.3%
Net Income $292,621 $105,024 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Subhash Tantry Treasurer 2.00
Officer Director
$0 $0 $0
ruyintan Mehta President 1.00
Officer Director
$0 $0 $0
dr hemant Kanakia Chairman 1.00
Officer Director
$0 $0 $0
Ashish Vengsarkar Secretary 1.00
Director
$0 $0 $0
ajay lavakare Director 1.00
Director
$0 $0 $0
dr Ranbir Singh Director 1.00
Director
$0 $0 $0
paula mariwala Director 1.00
Director
$0 $0 $0
Dr Ravi Mariwala Director 1.00
Director
$0 $0 $0
sudarshan saraf Director 1.00
Director
$0 $0 $0
shaibal roy Director 1.00
Director
$0 $0 $0
Dr Timothy Gonsalves Director 1.00
Director
$0 $0 $0
kirat Patel Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $940,846 $648,225 $639,503 $292,621
2023 $602,283 $497,259 $348,467 $105,024
2022 $478,917 $712,334 $246,428 $-233,417
2021 $1,129,012 $688,150 $475,275 $440,862
2020 $549,026 $554,621 $34,413 $-5,595
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