Civic Intelligence

Verma Foundation

990EZ • Fiscal year 2021 • EIN 26-1083048

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

Organization ProfileN/A
303 Camino ArbolagoLakeway, TX 78734

(361) 550-8572

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

84th percentile

45%

Higher net margin than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

82nd percentile

56%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

242%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$145,547

Up $52,391 (+56%) from 2020

Net Assets

Up

$143,147

Up $52,391 (+58%) from 2020

Liabilities

Flat

$2,400

Flat from 2020

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin84th percentile

Revenue

Up

$117,604

Up $83,175 (+242%) from 2020

Expenses

Down

$65,213

Down $992 (-1.5%) from 2020

Net Income

Up

$52,391

Up $84,167 (+265%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$200K$150K$100K$50K$0Assets 2016: $0Net Assets 2016: $02016Assets 2017: $0Net Assets 2017: $02017Assets 2018: $69,591Liabilities 2018: $2,400Net Assets 2018: $67,1912018Assets 2019: $124,932Liabilities 2019: $2,400Net Assets 2019: $122,5322019Assets 2020: $93,156Liabilities 2020: $2,400Net Assets 2020: $90,7562020Assets 2021: $145,547Liabilities 2021: $2,400Net Assets 2021: $143,1472021Assets 2022: $169,029Liabilities 2022: $2,400Net Assets 2022: $166,6292022Assets 2023: $137,671Liabilities 2023: $2,577Net Assets 2023: $135,0942023Assets 2024: $192,462Liabilities 2024: $2,999Net Assets 2024: $189,4632024

Highlighted filing

2021

Assets$145,547
Liabilities$2,400
Net Assets$143,147
Open 2021 Filing

Operations Trend

Revenue Growth93rd percentile

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

$150K$100K$50K$0-$50KRevenue 2016: $02016Revenue 2017: $02017Revenue 2018: $132,409Expenses 2018: $65,218Net Income 2018: $67,1912018Revenue 2019: $129,559Expenses 2019: $74,218Net Income 2019: $55,3412019Revenue 2020: $34,429Expenses 2020: $66,205Net Income 2020: -$31,7762020Revenue 2021: $117,604Expenses 2021: $65,213Net Income 2021: $52,3912021Revenue 2022: $65,969Expenses 2022: $42,487Net Income 2022: $23,4822022Revenue 2023: $13,793Expenses 2023: $45,328Net Income 2023: -$31,5352023Revenue 2024: $110,959Expenses 2024: $56,590Net Income 2024: $54,3692024

Highlighted filing

2021

Revenue$117,604
Expenses$65,213
Net Income$52,391
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$117,604
Mission and Program Overview

Mission

Dedicated to improving the quality of life for people who are facing adversity. We creat custom cap wigs at no cost for women and children fighting cancer and dealing with the emotionl side effect of hair loss. We believe every patient going through cancer treatment deserves access to a quality wig in which she can feel beautiful and confident in.

Program Services

DescriptionGrantsExpenses
WE CREAT CUSTOM CAP WIGS AT NO COST FOR WOMEN AND CHILDREN FIGHTING CANCER AND DEALING WITH THE EMOTIONL SIDE EFFECT OF HAIR LOSS.-$65,213
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHAMA VERMADirectorPT$0--
NATASHA VERMADirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Verma Foundation
EIN
26-1083048
Phone
3615508572
Address
303 CAMINO ARBOLAGO, LAKEWAY, TX 78734

Signing Officer

Name
Shama Verma
Title
Director
Signed
2022-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Bumgardner Morrison & Company LLP
Address
1501 E Mockingbird Ln STE 300, Victoria, TX 77903
Preparer
Christopher E Krejci CPA
Phone
3615750271
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $7321”

Other Expenses.1005

“Travel $1170”

Other Expenses.1

“MERCHANDISE $44000”

Other Expenses.2

“EVENT $9164”

Other Expenses.3

“Refund, reimbursement $2020”

Other Expenses.4

“TELEPHONE $388”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $2400 Unsecured Notes and Loans Payable - Ending $2400”

Raw XML Appendix157 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SHAMA VERMA
IRS990EZ/BooksInCareOfDetail/PhoneNum03615508572
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0303 CAMINO ARBOLAGO
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAKEWAY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd078734
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt093156
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0145547
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0117594
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt052391
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01150
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt093156
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0145547
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0117604
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt010
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt090756
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0143147
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt090756
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0143147
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt120.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SHAMA VERMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NATASHA VERMA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt064063
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR PEOPLE WHO ARE FACING ADVERSITY. WE CREAT CUSTOM CAP WIGS AT NO COST FOR WOMEN AND CHILDREN FIGHTING CANCER AND DEALING WITH THE EMOTIONL SIDE EFFECT OF HAIR LOSS. WE BELIEVE EVERY PATIENT GOING THROUGH CANCER TREATMENT DESERVES ACCESS TO A QUALITY WIG IN WHICH SHE CAN FEEL BEAUTIFUL AND CONFIDENT IN.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0WE CREAT CUSTOM CAP WIGS AT NO COST FOR WOMEN AND CHILDREN FIGHTING CANCER AND DEALING WITH THE EMOTIONL SIDE EFFECT OF HAIR LOSS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065213
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02400
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02400
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt065213
IRS990EZ/TotalProgramServiceExpensesAmt065213
IRS990EZ/TotalRevenueAmt0117604
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0117594
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033418
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0129559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0132409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0412980
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt021
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt021
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01000
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01000
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0412980
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0117594
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt033418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0129559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0132409
IRS990ScheduleA/Total509Grp/TotalAmt0412980
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0117604
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt034429
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0129559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0132409
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0414001
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $7321
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $1170
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MERCHANDISE $44000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVENT $9164
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REFUND, REIMBURSEMENT $2020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TELEPHONE $388
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Unsecured Notes and Loans Payable - Beginning $2400 Unsecured Notes and Loans Payable - Ending $2400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1008
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/PersonNm0SHAMA VERMA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERMA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0VERM
ReturnHeader/Filer/EIN0261083048
ReturnHeader/Filer/PhoneNum03615508572
ReturnHeader/Filer/USAddress/AddressLine1Txt0303 CAMINO ARBOLAGO
ReturnHeader/Filer/USAddress/CityNm0LAKEWAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078734
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741194944
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bumgardner Morrison & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01501 E Mockingbird Ln STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Victoria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077903
ReturnHeader/PreparerPersonGrp/PhoneNum03615750271
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER E KREJCI CPA
ReturnHeader/ReturnTs02022-11-11T06:20:30-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHAMA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VERMA
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$145,547
Liabilities
$2,400
Net assets
$143,147
Revenue
$117,604
Expenses
$65,213
Net income
$52,391
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.92$0.03$1.89$1.11$0.57$0.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.03$1.35$0.14$0.45$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.69$0.02$1.67$0.66$0.42$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.02$1.43$1.18$0.65$0.52
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.02$0.91$0.34$0.66$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.02$1.23$1.30$0.74$0.55
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.02$0.67$1.32$0.65$0.67
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00