Gaabesu Shibpur Foundation

Nonprofit profile at a glance

EIN
261703580
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-N 2024
Location
Morganville, NJ, USA
Phone
7038890187
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Development

Reported finances

Revenue
$1,023,974
Expenses
$1,020,548
Assets
$17,929
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Tarun K Basu (President)
  • Kalpana Majumdar (Vice President)

People named in this filing

  • Tarun K Basu (President)
  • Kalpana Majumdar (Vice President)
  • Niladri Sannigrahi (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To further the academic and professional development and success of the students, faculty and alumni of Indian Institute of Engineering Science and Technology (IIEST)

What it reported doing in 2025

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 74
  • Accountability: 82
  • Sustainability: 35
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.4%; rating input score 99
  • Program expense ratio: 99.7%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.3%; rating input score 99; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.3%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 99.4% of revenue deployed · 99.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $1M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 15 of 18 current checks pass · 3 findings to review
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Transparency & Controls: Schedule D expense reconciliation did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.