Civic Intelligence

Dakshana Foundation

990 • Fiscal year 2017 • EIN 20-2861633

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

1220 RooseveltIrvine, CA 92620

(949) 453-0609

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

100th percentile

1090%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

823%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$9,939,726

Up $9,104,460 (+1090%) from 2016

Net Assets

Up

$9,793,892

Up $9,064,601 (+1243%) from 2016

Liabilities

Up

$145,834

Up $39,859 (+38%) from 2016

Revenue

Up

$10,870,322

Up $9,692,043 (+823%) from 2016

Expenses

Up

$3,142,185

Up $1,249,838 (+66%) from 2016

Net Income

Up

$7,728,137

Up $8,442,205 (+1182%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2011: $1,651,506Liabilities 2011: -$189,010Net Assets 2011: $1,840,5162011Assets 2012: $2,495,527Liabilities 2012: $4,159Net Assets 2012: $2,491,3682012Assets 2013: $2,812,361Liabilities 2013: $5,603Net Assets 2013: $2,806,7582013Assets 2014: $3,113,921Liabilities 2014: $26,909Net Assets 2014: $3,087,0122014Assets 2015: $1,568,671Liabilities 2015: $125,312Net Assets 2015: $1,443,3592015Assets 2016: $835,266Liabilities 2016: $105,975Net Assets 2016: $729,2912016Assets 2017: $9,939,726Liabilities 2017: $145,834Net Assets 2017: $9,793,8922017Assets 2018: $9,892,447Liabilities 2018: $205,888Net Assets 2018: $9,686,5592018Assets 2019: $12,763,759Liabilities 2019: $251,764Net Assets 2019: $12,511,9952019Assets 2020: $16,801,122Liabilities 2020: $433,213Net Assets 2020: $16,367,9092020Assets 2021: $15,596,705Liabilities 2021: $2,188,748Net Assets 2021: $13,407,9572021Assets 2022: $11,793,241Liabilities 2022: $372,925Net Assets 2022: $11,420,3162022Assets 2023: $16,243,372Liabilities 2023: $280Net Assets 2023: $16,243,0922023Assets 2024: $22,288,033Liabilities 2024: $130,569Net Assets 2024: $22,157,4642024

Highlighted filing

2017

Assets$9,939,726
Liabilities$145,834
Net Assets$9,793,892

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $540,6912011Expenses 2012: $574,9702012Revenue 2013: $1,154,190Expenses 2013: $838,800Net Income 2013: $315,3902013Revenue 2014: $5,077,023Expenses 2014: $4,796,769Net Income 2014: $280,2542014Revenue 2015: $696,739Expenses 2015: $2,463,943Net Income 2015: -$1,767,2042015Revenue 2016: $1,178,279Expenses 2016: $1,892,347Net Income 2016: -$714,0682016Revenue 2017: $10,870,322Expenses 2017: $3,142,185Net Income 2017: $7,728,1372017Revenue 2018: $6,276,889Expenses 2018: $2,398,373Net Income 2018: $3,878,5162018Revenue 2019: $841,235Expenses 2019: $851,855Net Income 2019: -$10,6202019Revenue 2020: $69,729Expenses 2020: $564,449Net Income 2020: -$494,7202020Revenue 2021: $2,944,153Expenses 2021: $983,284Net Income 2021: $1,960,8692021Revenue 2022: -$1,429,442Expenses 2022: $1,413,032Net Income 2022: -$2,842,4742022Revenue 2023: $3,309,747Expenses 2023: $1,185,543Net Income 2023: $2,124,2042023Revenue 2024: $1,922,657Expenses 2024: $1,109,658Net Income 2024: $812,9992024

Highlighted filing

2017

Revenue$10,870,322
Expenses$3,142,185
Net Income$7,728,137
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.2
Gross Receipts
$12,744,199
Mission and Program Overview

Mission

The Foundation is a philanthropic foundation focused on alleviating poverty. It is focused on providing world-class educational opportunities to economically and socially disadvantaged gifted children from impoverished rural backgrounds in India.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$777,526$1,228,550▲ $451,024
Savings and Temporary Cash Investments$57,740$68,848▲ $11,108
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$835,266$9,939,726▲ $9,104,460
Other Assets Total-$8,642,328-
Liabilities
Unsecured Notes Loans Payable-$143,420-
Other Liabilities$105,975$2,414▼ $103,561
Total Liabilities$105,975$145,834▲ $39,859
Net Assets / Fund Balance
Unrestricted Net Assets$729,291$9,793,892▲ $9,064,601
Total Net Assets Fund Balance$729,291$9,793,892▲ $9,064,601
Total Liabilities and Net Assets / Fund Balance$835,266$9,939,726▲ $9,104,460
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mohnish PabraiChairman
Harina KapoorSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$10,836,149
Program Service Revenue
$0
Investment Income
$34,173
Other Revenue
$0
All Other Contributions
$10,836,149
Change in Net Assets
$7,728,137

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded85,700$1,099,807Fair Market Value (FMV)
Total Noncash Contributions85,700$1,099,807-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,870,322
Total Revenue per Audited Statements
$10,870,322
Total Revenue per Form 990
$10,870,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,031,605
Other Expenses$110,580
Total Fundraising Expense$7,050
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$3,031,605--$3,031,605
Travel$4,600$4,600$6,133$15,333
Fees for Services Accounting-$13,343-$13,343
All Other Expenses$3,533$5,364-$8,897
Other Expenses$3,516--$3,516
Interest$688$688$917$2,293
Fees for Services Legal-$753-$753
Office Expenses-$402-$402
Total Functional Expenses$3,109,985$25,150$7,050$3,142,185

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,142,185
Total Expenses per Audited Statements$3,142,185
Total Expenses per Form 990$3,142,185
International Activity

International Summary

Offices
1
Spending
$3,031,605

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Pune- IndiaEducationeducational opportunities10$3,031,605
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$2,414
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

HUSBAND and WIFE

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Dakshana Foundation
EIN
20-2861633
Phone
9494530609
Address
1220 ROOSEVELT, IRVINE, CA 92620

Signing Officer

Name
Mohnish Pabrai
Title
Chairman & Founder
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Chugh Cpas Llp
Address
15925 Carmenita Rd, Cerritos, CA 90703-2206
Preparer
Ramesh Patel
Phone
5622291220
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019320
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.10460
IRS990ScheduleA/PublicSupportPY170Pct00.21780
IRS990ScheduleA/PublicSupportTotal170Amt01882365
IRS990ScheduleA/SubstantialContributorsTotAmt016101718
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010836149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01336669
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0819246
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03898175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01093844
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt017984083
IRS990ScheduleA/TotalSupportAmt018003403
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt03142185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payable
IRS990ScheduleD/RevenueSubtotalAmt010870322
IRS990ScheduleD/TotalBookValueOtherAssetsAmt08642328
IRS990ScheduleD/TotalExpensesPerForm990Amt03142185
IRS990ScheduleD/TotalLiabilityAmt02414
IRS990ScheduleD/TotalRevenuePerForm990Amt010870322
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010870322
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03142185
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt03031605
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Pune- India
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0educational opportunities
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Education
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt03031605
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Education
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Pune- India
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt03031605
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt03031605
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt085700
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt01099807
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HUSBAND and WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0835266
IRS990/TotalAssetsEOYAmt09939726
IRS990/TotalAssetsGrp/BOYAmt0835266
IRS990/TotalAssetsGrp/EOYAmt09939726
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010836149
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07050
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025150
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03109985
IRS990/TotalFunctionalExpensesGrp/TotalAmt03142185
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105975
IRS990/TotalLiabilitiesEOYAmt0145834
IRS990/TotalLiabilitiesGrp/BOYAmt0105975
IRS990/TotalLiabilitiesGrp/EOYAmt0145834
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0729291
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09793892
IRS990/TotalProgramServiceExpensesAmt03109985
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04191
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt029982
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010870322
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0835266
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09939726
IRS990/TravelGrp/FundraisingAmt06133
IRS990/TravelGrp/ManagementAndGeneralAmt04600
IRS990/TravelGrp/ProgramServicesAmt04600
IRS990/TravelGrp/TotalAmt015333
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0729291
IRS990/UnrestrictedNetAssetsGrp/EOYAmt09793892
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0143420
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.dakshana.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MOHNISH PABRAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman & Founder
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAKSHANA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DAKS
ReturnHeader/Filer/EIN0202861633
ReturnHeader/Filer/PhoneNum09494530609
ReturnHeader/Filer/USAddress/AddressLine1Txt01220 ROOSEVELT
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092620
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472202224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHUGH CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015925 Carmenita Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cerritos
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0907032206
ReturnHeader/PreparerPersonGrp/PhoneNum05622291220
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ramesh Patel
ReturnHeader/ReturnTs02018-11-08T14:04:58-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.3$0.13$22.2$1.92$1.11$0.81
2023Detailed filing. Detailed filing data is available for this year.$16.2$0.00$16.2$3.31$1.19$2.12
2022Detailed filing. Detailed filing data is available for this year.$11.8$0.37$11.4$1.43$1.41$2.84
2021Detailed filing. Detailed filing data is available for this year.$15.6$2.19$13.4$2.94$0.98$1.96
2020Detailed filing. Detailed filing data is available for this year.$16.8$0.43$16.4$0.07$0.56$0.49
2019Detailed filing. Detailed filing data is available for this year.$12.8$0.25$12.5$0.84$0.85$0.01
2018Detailed filing. Detailed filing data is available for this year.$9.89$0.21$9.69$6.28$2.40$3.88
2017Detailed filing. Detailed filing data is available for this year.$9.94$0.15$9.79$10.9$3.14$7.73
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.11$0.73$1.18$1.89$0.71
2015Detailed filing. Detailed filing data is available for this year.$1.57$0.13$1.44$0.70$2.46$1.77
2014Detailed filing. Detailed filing data is available for this year.$3.11$0.03$3.09$5.08$4.80$0.28
2013Detailed filing. Detailed filing data is available for this year.$2.81$0.01$2.81$1.15$0.84$0.32
2012Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.49$0.57
2011Detailed filing. Detailed filing data is available for this year.$1.65$0.19$1.84$0.54