Gosumec Foundation USA
Nonprofit profile at a glance
- EIN
- 921826702
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025
- Location
- Fremont, CA, USA
- Phone
- 5105167677
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $2,815,851
- Expenses
- $80,830
- Assets
- $3,787,109
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- SANJAY BINDRA (PRESIDENT & CEO)
People named in this filing
- SANJAY BINDRA (PRESIDENT & CEO)
- HEENA RAJDEO (DIRECTOR)
- ARCHANA BINDRA (DIRECTOR)
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
Gosumec foundation USA supports deserving medical and healthcare students in india through need- and merit-based scholarships, mentorship, and the development of a permanent endowment to sustain educational opportunity for future generations.
What it reported doing in 2025
Gosumec foundation USA supports medical and healthcare students in india through need- and merit-based scholarships and educational support initiatives. Scholarships are administered in partnership with the foundation for excellence (ffe), which performs student eligibility verification, financial need assessments, and oversees scholarship disbursement. The foundation is also building a permanent scholarship endowment designed to provide sustainable support for future generations of students. During the year, the foundation supported scholarships and educational assistance for medical students associated with seth g.s. Medical college and kem hospital in mumbai, india.
Operating model
- Revenue model
- Donor-supported. 96% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 67
- Accountability: 100
- Sustainability: 98
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 5.1%; rating input score 5
- Program expense ratio: 90.2%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th 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: 50%; rating input score 50; 20th 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; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 97.1%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 46.85; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings
Growth
- Program expense growth: -31% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 84.8% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 97.5% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 5.1% of revenue deployed · 90.2% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $73K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 5/100.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Review — Transparency & Controls: Grant itemization coverage scored 50/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.