VJTI INTERNATIONAL ALUMNI ASSOCIATION

EIN: 833039664 501(c)(3) Education

SAN JOSE, CA

Total Revenue
$130,365
Total Expenses
$171,088
Total Assets
$29,480
Net Assets
$29,480
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
NIRANJAN DHOMSE
Phone
4085948731
Tax Period
2024-01-01 to 2024-12-31

VJTI INTERNATIONAL ALUMNI ASSOCIATION, founded in 2018, is a small nonprofit in the Education sector that reported $130K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $171K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE VJTI INTERNATIONAL ALUMNI ASSOCIATION WILL PROVIDE OPPORTUNITIES FOR ALUMNI OF THE VEERMATA JIJABAI TECHNOLOGICAL INSTITUTE (VJTI), MUMBAI, INDIA TO NETWORK AND INTERACT VIA MEETUPS, GET TOGETHERS, SEMINARS, AND THE LIKE. ADDITIONALLY, THE VJTI INTERNATIONAL ALUMNI ASSOCIATION AIMS TO LEVERAGE THE EXPERTISE OF VJTI ALUMNI TO MENTOR AND GUIDE STUDENTS, FACULTY, AND STAFF OF VJTI IN WAYS SUCH AS TECHNOLOGY AND INFRASTRUCTURE EXPERTISE, CURRICULUM DEVELOPMENT AND ASSOCIATED PROGRAMS, SUPPORTING STUDENT LEARNING, LEADERSHIP, CREATIVITY, AND EXCELLENCE, ENABLING PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF, AND IDENTIFYING THE RIGHT COLLABORATION OPPORTUNITIES BETWEEN VJTI AND US BASED UNIVERSITIES AND ACADEMIC INSTITUTIONS. THE ASSOCIATION WILL ALSO FACILITATE FUNDRAISING EFFORTS FOR TARGETED EDUCATION INITIATIVES AND INFRASTRUCTURE IMPROVEMENT PROJECTS FOR VJTI.

Program Service Accomplishments

Program 1
Expenses: $167,703

VIRTUAL CELEBRATION OF ACCOMPLISHMENTS FROM DISTINGUISHED ALUMNI.MADE GRANTS TOWARDS 3 PROJECTS AT VJTI 1. ESTABLISHED THE RANGNATH AND INDIRABAI KULKARNI SCHOLARSHIP2. FOUNDED A CHAIR...

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VIRTUAL CELEBRATION OF ACCOMPLISHMENTS FROM DISTINGUISHED ALUMNI.MADE GRANTS TOWARDS 3 PROJECTS AT VJTI 1. ESTABLISHED THE RANGNATH AND INDIRABAI KULKARNI SCHOLARSHIP2. FOUNDED A CHAIR PROFESSORSHIP3. CLASS OF 1998 ELECTRONICS RESEARCH AND INNOVATION FUND

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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 $130,365
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $130,365

Expense Breakdown

Grants Paid $167,703
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $167,703
Other Expenses $3,385
TOTAL EXPENSES $171,088

Year-over-Year Comparison

2024 2023 Change
Revenue $130,365 $179,467 -0.3%
Expenses $171,088 $125,794 +0.4%
Net Income $-40,723 $53,673 -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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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
2

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAJESH PAREKH PRESIDENT 1.00
Officer Director
$0 $0 $0
NIRANJAN DHOMSE TREASURER 1.00
Officer Director
$0 $0 $0
TONY FERNANDES SECRETARY 1.00
Officer Director
$0 $0 $0
RAHUL ABHYANKAR VICE PRESIDENT 1.00
Officer 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
2024 $130,365 $171,088 $29,480 $-40,723
2023 $179,467 $125,794 $70,203 $53,673
2022 $26,326 $55,572 $16,530 $-29,246
2021 $48,712 $13,528 $45,776 $35,184
2020 $10,551 $80 $10,592 $10,471
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