Civic Intelligence

Dakshana Foundation

990 • Fiscal year 2020 • EIN 20-2861633

Jan 01, 2020 to Dec 31, 2020 • Filed on May 13, 2021

Organization Profilewww.dakshana.org
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

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

6.21x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

1st percentile

-709%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$12,500

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

83rd percentile

32%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$16,801,122

Up $4,037,363 (+32%) from 2019

Net Assets

Up

$16,367,909

Up $3,855,914 (+31%) from 2019

Liabilities

Up

$433,213

Up $181,449 (+72%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin1st percentile

Revenue

Down

$69,729

Down $771,506 (-92%) from 2019

Expenses

Down

$564,449

Down $287,406 (-34%) from 2019

Net Income

Down

-$494,720

Down $484,100 (-4558%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

2020

Assets$16,801,122
Liabilities$433,213
Net Assets$16,367,909
Open 2020 Filing

Operations Trend

Revenue Growth1st percentile

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

2020

Revenue$69,729
Expenses$564,449
Net Income-$494,720
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 13, 2021
Return Version
2020v4.0
Gross Receipts
$1,822,924
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$7,449,749$10,775,368▲ $3,325,619
Savings and Temporary Cash Investments$162,610$259,491▲ $96,881
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$12,763,759$16,801,122▲ $4,037,363
Other Assets Total$5,151,400$5,766,263▲ $614,863
Liabilities
Unsecured Notes Loans Payable$227,868$431,611▲ $203,743
Other Liabilities$23,896$1,602▼ $22,294
Total Liabilities$251,764$433,213▲ $181,449
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,511,995$16,367,909▲ $3,855,914
Total Net Assets Fund Balance$12,511,995$16,367,909▲ $3,855,914
Total Liabilities and Net Assets / Fund Balance$12,763,759$16,801,122▲ $4,037,363

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Monsoon PabraiDirectorPT$12,500$12,500

Board Members and Trustees

NameTitle
Mohnish PabraiChairman
Fahad MissmarCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$336,264
Program Service Revenue
$0
Investment Income
$-266,535
Other Revenue
$0
All Other Contributions
$336,264
Change in Net Assets
$-494,720

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 Traded200$138,956Fair Market Value (FMV)
Total Noncash Contributions200$138,956-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$367,212
Other Expenses$184,737
Total Fundraising Expense$47,107
Salaries, Compensation, and Employee Benefits$12,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$367,212--$367,212
All Other Expenses-$22,317$14,580$36,897
Travel--$32,527$32,527
Other Expenses$36,494$18,066-$18,066
Current Officers, Directors, Trustees, and Key Employees-$12,500-$12,500
Fees for Services Accounting-$11,145-$11,145
Interest-$2,918-$2,918
Fees for Services Legal-$1,369-$1,369
Insurance-$361-$361
Total Functional Expenses$403,706$113,636$47,107$564,449
International Activity

International Summary

Spending
$367,212

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 opportunities00$367,212
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$1,602
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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

“FATHER AND DAUGHTER”

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
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Chugh Cpas Llp
Address
15925 Carmenita Rd, Cerritos, CA 90703
Preparer
Ramesh Patel
Phone
5622291220
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Dakshana Foundation has two donation programs to support Near-Term Scholar Expenses and Endowment. Donors can also elect to support an individual scholar for 1 or 2 years. Donations are solicited on the Dakshana website and through the mailing of the Dakshana Annual Report, which individually lists all the public donations received during the year . Additionally, annual Ebay auctions solicit funds and promote the Dakshana Foundation. The gifted funds are used to buy books, improve scholar nutrition, create/improve classroom and dorm infrastructure and pay for coaching services for the scholars.Since inception in 2007, the IITs in India have accepted 2452 Dakshana Scholars (out of a universe of 3969). Since the inception of medical coaching at Dakshana Foundation in 2016, 653 scholars have been accepted at various government medical colleges in India (out of a universe of 930).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I: Additional Information
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IRS990ScheduleA/PublicSupportPY170Pct00.10260
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IRS990ScheduleA/TotalSupportAmt019260276
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Cards Payable
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05766263
IRS990ScheduleD/TotalLiabilityAmt01602
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Pune- India
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0educational opportunities
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Education
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IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Education
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0367212
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt0367212
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt012500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MONSOON PABRAI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt012500
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0200
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0138956
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FATHER AND DAUGHTER
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
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016801122
IRS990/TravelGrp/FundraisingAmt032527
IRS990/TravelGrp/TotalAmt032527
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0926203667
IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0www.dakshana.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MOHNISH PABRAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman & Founder
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-13
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,801,122
Liabilities
$433,213
Net assets
$16,367,909
Revenue
$69,729
Expenses
$564,449
Net income
-$494,720
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