Gaabesu Shibpur Foundation USA Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To further the academic and professional development and success of the students, faculty and alumni of Indian Institute of Engineering Science and Technology (IIEST)
- Income
- $1.0 million
- Spending
- $1.0 million
- Spent on programs
- 100%
- Reserves
- 0.2 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 0
- Volunteers
- 5
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 60 out of 100. Higher than 23% of charities in its peer group (international, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.2 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
12 of 15Income exceeded spending by 0% of income.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 68 out of 100. Higher than 19% of charities in its peer group (international, $1m to $10m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $1.0 million spent. Program Title: Arun and Dhitri Deb Centre of Water and Environmental Studies (ADDCWES)Support Program Description: GAABESU Shibpur Foundation USA Corporation facilitated the oversight, legal compliance, and transfer of a $1,000,000 endowment funded by donor Prof. Arun Kumar Deb through Vanguard Charitable. This grant was successfully transferred to the Indian Institute of Engineering Science and Technology (IIEST), Shibpur, to establish and support the operational launch of ADDCWES on September 1, 2025. The core mission of the Centre is to foster sustainable, multidisciplinary solutions for local, national, and global water and environmental challenges through innovative academic research, student empowerment, and direct community engagement. As part of its direct oversight and governance model to legally comply with international funding terms, a GAABESU USA representative participates directly in the Centres Governing Council. Key initiated Activities in 2025: * Purulia Water Management Project: Funded a grassroots seed research project in partnership with the SIGMA Foundation for integrated water resource management in the Purulia District, West Bengal. This project includes the pilot construction of a check dam in Jajuhatu village to reclaim 20 hectares of fallow cultivable land, directly benefiting approximately 1,500 community members by securing irrigation and sustainable farming livelihoods. * Agricultural Biochar & Carbon Credit Project: Launched a collaborative Fulbright research project alongside Princeton University and IIT Kharagpur. The initiative engages undergraduate engineering students to develop biochar from agricultural stubble, successfully preventing field crop burning while establishing a framework to earn carbon credits. * Financial & Institutional Infrastructure: Successfully established a separate dedicated institutional current bank account with auto-sweep capabilities to safely manage and invest the core endowment principal across fixed deposits and mutual funds, ensuring long-term institutional sustainability.
- $4,013 spent. Program Title: Annual Alumni Day & Institutional Development Support Program Description: GAABESU Shibpur Foundation USA Corporation collects and aggregates charitable donations from IIEST alumni residing across the United States throughout the year. These funds are strategically deployed to support a wide range of academic and institutional advancements at IIEST, Shibpur, including funding for academic seminars, professional workshops, and advanced scientific research initiatives. A central component of this program is the Annual Alumni Day, which is traditionally hosted on the last Sunday of the year on the IIEST institute premises. This event serves as a critical forum for international and local alumni to engage directly with the IIEST Director and institutional leadership. During these sessions, participants review ongoing projects, evaluate institutional needs, and collaborate to identify future growth and developmental scopes for the university.
- $3,500 spent. Program Title: Engineering Student Project Support Baja SAEIndia All-Terrain Vehicle (ATV) Program Description:GAABESU Shibpur Foundation USA Corporation approved and facilitated a $3,500 grant combining $2,000 raised from general alumni and a $1,500 direct contribution from alumnus Dr. Tapas Som to support a dedicated team of 30 engineering students from IIEST, Shibpur participating in the national B AJA SAEINDIA 2026 competition. The core objective of this educational initiative is to provide students with hands-on, real-world engineering experience by challenging them to fully design, validate, fabricate, and race a functional All-Terrain Vehicle (ATV). Key Accomplishments & Project Milestones in 2025: * Concept Design & Parameterization: The student team successfully completed the initial conceptual engineering design and finalized the parameters for the vehicles various mechanical sub-systems during their summer session. * Preliminary Competition Success: The team presented their design progress during the online preliminary round of the national competition, earning an outstanding rank of 16th out of 52 participating teams nationwide. This achievement placed them ahead of several competing Indian Institutes of Technology (IITs). * Funding of Physical Fabrication Phase: The $3,500 funding provided by GAABESU USA defrayed a substantial portion of the capital required for the demanding physical round of the competition. This directly enabled the team to procure critical materials, such as the roll cage chassis, and begin the hands-on mechanical fabrication phase leading up to the final physical race event.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2011 for not filing returns for three years. The IRS now lists it as tax-exempt again.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2013.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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