Civic Intelligence

Bansan Foundation

990 • Fiscal year 2017 • EIN 20-5970885

Aug 01, 2016 to Jul 31, 2017 • Filed on Jan 16, 2018

740 Western AveFlossmoor, IL 60422

(708) 798-4600

Siviq Scores

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

Liabilities / Assets

88th percentile

0.64x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

1.00x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

24%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$746,852

Up $76,028 (+11%) from 2016

Net Assets

Up

$270,262

Up $90,979 (+51%) from 2016

Liabilities

Down

$476,590

Down $14,951 (-3.0%) from 2016

Revenue

Up

$475,925

Up $90,603 (+24%) from 2016

Expenses

Up

$384,946

Up $21,516 (+5.9%) from 2016

Net Income

Up

$90,979

Up $69,087 (+316%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $730,177Liabilities 2013: $520,000Net Assets 2013: $210,1772013Assets 2014: $666,778Liabilities 2014: $535,195Net Assets 2014: $131,5832014Assets 2015: $684,232Liabilities 2015: $526,840Net Assets 2015: $157,3922015Assets 2016: $670,824Liabilities 2016: $491,541Net Assets 2016: $179,2832016Assets 2017: $746,852Liabilities 2017: $476,590Net Assets 2017: $270,2622017Assets 2018: $851,773Liabilities 2018: $445,981Net Assets 2018: $405,7922018Assets 2019: $827,291Liabilities 2019: $422,359Net Assets 2019: $404,9322019Assets 2020: $975,293Liabilities 2020: $595,521Net Assets 2020: $379,7722020Assets 2021: $996,023Liabilities 2021: $543,446Net Assets 2021: $452,5772021Assets 2022: $1,019,836Liabilities 2022: $359,571Net Assets 2022: $660,2652022Assets 2023: $1,239,978Liabilities 2023: $455,071Net Assets 2023: $784,9072023Assets 2024: $1,273,534Liabilities 2024: $376,829Net Assets 2024: $896,7052024

Highlighted filing

2017

Assets$746,852
Liabilities$476,590
Net Assets$270,262

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $173,763Expenses 2013: $28,338Net Income 2013: $145,4252013Revenue 2014: $191,476Expenses 2014: $270,070Net Income 2014: -$78,5942014Revenue 2015: $403,051Expenses 2015: $377,242Net Income 2015: $25,8092015Revenue 2016: $385,322Expenses 2016: $363,430Net Income 2016: $21,8922016Revenue 2017: $475,925Expenses 2017: $384,946Net Income 2017: $90,9792017Revenue 2018: $522,950Expenses 2018: $387,420Net Income 2018: $135,5302018Revenue 2019: $568,123Expenses 2019: $568,983Net Income 2019: -$8602019Revenue 2020: $486,594Expenses 2020: $511,754Net Income 2020: -$25,1602020Revenue 2021: $541,667Expenses 2021: $468,862Net Income 2021: $72,8052021Revenue 2022: $762,715Expenses 2022: $555,027Net Income 2022: $207,6882022Revenue 2023: $801,198Expenses 2023: $676,556Net Income 2023: $124,6422023Revenue 2024: $806,148Expenses 2024: $694,350Net Income 2024: $111,7982024

Highlighted filing

2017

Revenue$475,925
Expenses$384,946
Net Income$90,979
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Jan 16, 2018
Return Version
2016v3.0
Gross Receipts
$475,925
Mission and Program Overview

Mission

To create an environment for children following the path of montessori education to meet their developmental needs, inspiring them to reach their highest potential and help them discover how they can best contribute to our world and culture.

To educate children using the montessori methods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$614,078$632,326▲ $18,248
Cash and Non-Interest-Bearing Accounts$52,588$110,926▲ $58,338
Loans From Officers Directors$10,618$10,618→ $0
Other Notes and Loans Receivable, Net$3,000$3,600▲ $600
Total Assets$670,824$746,852▲ $76,028
Other Assets Total$1,158--
Liabilities
Mortgage Notes Payable Secured by Investment Property$476,666$458,001▼ $18,665
Accounts Payable and Accrued Expenses$4,257$7,971▲ $3,714
Total Liabilities$491,541$476,590▼ $14,951
Net Assets / Fund Balance
Unrestricted Net Assets$179,283$270,262▲ $90,979
Total Net Assets Fund Balance$179,283$270,262▲ $90,979
Total Liabilities and Net Assets / Fund Balance$670,824$746,852▲ $76,028

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$566,274$57,463$623,737
Land$65,000-$65,000
Equipment$1,052$498$1,550
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Sanjiv ModiPresident/director
Niraj S ShahDirector
Sanjay P PatelDirector
Tushar R ShahSecretary
Bansari ModiTreasurer/administrator
Revenue and Support

Revenue Composition

Contributions and Grants
$50,570
Program Service Revenue
$421,907
Investment Income
$0
Other Revenue
$3,448
All Other Contributions
$50,570
Change in Net Assets
$90,979

Audited Revenue Reconciliation

Revenue per Audited Statements
$475,925
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$475,925
Total Revenue per Form 990
$475,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$247,811
Other Expenses$125,718
Grants and Similar Amounts Paid$11,417
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$211,136$19,027-$230,163
Occupancy$43,984$3,964-$47,948
Depreciation Depletion$15,349$1,383-$16,732
Payroll Taxes$15,221$1,372-$16,593
Grants to Domestic Individuals$11,417--$11,417
Office Expenses$10,486$252-$10,738
Fees for Services Other$10,347--$10,347
Insurance-$6,580-$6,580
All Other Expenses$2,101$356-$2,457
Other Expenses$2,126$863-$2,126
Conferences and Meetings$1,473--$1,473
Other Employee Benefits$968$87-$1,055
Fees for Services Accounting-$1,000-$1,000
Information Technology-$896-$896
Advertising-$729-$729
Fees for Services Legal-$153-$153
Total Functional Expenses$348,284$36,662$0$384,946

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$384,946
Total Expenses per Audited Statements$384,946
Total Expenses per Form 990$384,946
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,448
Fundraising Direct Expenses$0
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
Loans from Officers, Directors, Trustees, and Key Employees$10,618$10,618→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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, Section A, Line 2

Dr. Sanjiv modi and bansari modi are married.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is distributed to the board members before it is filed.

Form 990, Part VI, Section C, Line 18

All documents are available to the public upon request.

Form 990, Part VI, Section C, Line 19

Bansan foundation makes their governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bansan Foundation
EIN
20-5970885
Phone
7087984600
Address
740 WESTERN AVE, FLOSSMOOR, IL 60422

Signing Officer

Name
Sanjiv Modi
Title
President/director
Phone
7087984600
Signed
2018-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sanjiv Modi
Formed
2006
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
3
Employees
9
Volunteers
0

Preparer

Firm
Weiss Sugar Dvorak & Dusek Ltd
Address
20 N WACKER DR SUITE 2250, CHICAGO, IL 60606
Preparer
Robert Rehayem
Phone
3123326622
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization has concluded that no material uncertain tax positions have been taken on any open tax returns. For the current year, the organization believes all tax positions are fully supportable by existing federal law and related interpretations and there are no uncertain tax positions to consider.

Raw XML AppendixShowing 400 of 445 raw XML fields

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/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0383170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0349177
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0189359
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt063856
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01407469
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0940
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02416
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00320
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01955
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02534
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt07431
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011920
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.86820
IRS990ScheduleA/PublicSupportPY509Pct00.86840
IRS990ScheduleA/PublicSupportTotal509Amt01411753
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0200000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0472477
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0383367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0399577
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0191476
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0164856
IRS990ScheduleA/Total509Grp/TotalAmt01611753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0472477
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0385322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0403051
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0191476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0173763
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01626089
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0566274
IRS990ScheduleD/BuildingsGrp/DepreciationAmt057463
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0623737
IRS990ScheduleD/EquipmentGrp/BookValueAmt01052
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01550
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0384946
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt065000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0475925
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONCLUDED THAT NO MATERIAL UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN ON ANY OPEN TAX RETURNS. FOR THE CURRENT YEAR, THE ORGANIZATION BELIEVES ALL TAX POSITIONS ARE FULLY SUPPORTABLE BY EXISTING FEDERAL LAW AND RELATED INTERPRETATIONS AND THERE ARE NO UNCERTAIN TAX POSITIONS TO CONSIDER.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0632326
IRS990ScheduleD/TotalExpensesPerForm990Amt0384946
IRS990ScheduleD/TotalRevenuePerForm990Amt0475925
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0475925
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0384946
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09278
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt12139
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CONTINUING EDUCATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS/DISCOUNTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt111
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt010618
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DR SANJIV MODI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt010618
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DR. SANJIV MODI AND BANSARI MODI ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS DISTRIBUTED TO THE BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANSAN FOUNDATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0670824
IRS990/TotalAssetsEOYAmt0746852
IRS990/TotalAssetsGrp/BOYAmt0670824
IRS990/TotalAssetsGrp/EOYAmt0746852
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt050570
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036662
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0348284
IRS990/TotalFunctionalExpensesGrp/TotalAmt0384946
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0491541
IRS990/TotalLiabilitiesEOYAmt0476590
IRS990/TotalLiabilitiesGrp/BOYAmt0491541
IRS990/TotalLiabilitiesGrp/EOYAmt0476590
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0179283
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0270262
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0348284
IRS990/TotalProgramServiceRevenueAmt0421907
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03448
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0421907
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0475925
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0670824
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0746852
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0179283
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0270262

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