Civic Intelligence

Verma Foundation

990EZ • Fiscal year 2022 • EIN 26-1083048

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 31, 2023

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

67th percentile

0.01x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-44%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$169,029

Up $23,482 (+16%) from 2021

Net Assets

Up

$166,629

Up $23,482 (+16%) from 2021

Liabilities

Flat

$2,400

Flat from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin83rd percentile

Revenue

Down

$65,969

Down $51,635 (-44%) from 2021

Expenses

Down

$42,487

Down $22,726 (-35%) from 2021

Net Income

Down

$23,482

Down $28,909 (-55%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2022

Assets$169,029
Liabilities$2,400
Net Assets$166,629
Open 2022 Filing

Operations Trend

Revenue Growth13th 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

2022

Revenue$65,969
Expenses$42,487
Net Income$23,482
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$65,969
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 CREATE CUSTOM CAP WIGS AT NO COST FOR WOMEN AND CHILDREN FIGHTING CANCER AND DEALING WITH THE EMOTIONL SIDE EFFECT OF HAIR LOSS.-$42,487
Compensation and Service Providers
Top Officer Pay78th 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
2023-10-31
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.1

“MERCHANDISE $13031”

Other Expenses.2

“EVENT $8410”

Other Expenses.3

“GENERAL $8368”

Other Expenses.4

“FREIGHT $1392”

Other Expenses.5

“Refund, reimbursement $1239”

Other Expenses.6

“TRANSPORTATION $47”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $2319”

Total Liabilities.1008

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

Raw XML Appendix166 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
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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/BOYAmt0145547
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0166710
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt065967
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt023482
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt010000
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt065969
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt02
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0143147
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0166629
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0143147
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0166629
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/OtherAssetsTotalDetail/EOYAmt02319
IRS990EZ/OtherExpensesTotalAmt032487
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 CREATE CUSTOM CAP WIGS AT NO COST FOR WOMEN AND CHILDREN FIGHTING CANCER AND DEALING WITH THE EMOTIONL SIDE EFFECT OF HAIR LOSS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt042487
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/TotalExpensesAmt042487
IRS990EZ/TotalProgramServiceExpensesAmt042487
IRS990EZ/TotalRevenueAmt065969
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt065967
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0117594
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033418
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0129559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0132409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0478947
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt023
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt023
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01000
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01000
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99790
IRS990ScheduleA/PublicSupportTotal509Amt0478947
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt065967
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0117594
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt033418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0129559
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0132409
IRS990ScheduleA/Total509Grp/TotalAmt0478947
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt065969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0117604
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt034429
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0129559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0132409
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0479970
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MERCHANDISE $13031
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVENT $8410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GENERAL $8368
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FREIGHT $1392
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REFUND, REIMBURSEMENT $1239
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSPORTATION $47
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $2319
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Unsecured Notes and Loans Payable - Beginning $2400 Unsecured Notes and Loans Payable - Ending $2400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1008
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHAMA VERMA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-31
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/IRSResponsiblePrtyInfoCurrInd0true
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/ReturnTs02023-10-31T08:08:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHAMA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VERMA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$169,029
Liabilities
$2,400
Net assets
$166,629
Revenue
$65,969
Expenses
$42,487
Net income
$23,482
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