Civic Intelligence

Sikhnet Inc.

990 • Fiscal year 2018 • EIN 26-4806284

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 31, 2018

1A Ram Das Guru PlazaEspanola, NM 87532

(505) 629-4121

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.45x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.32x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

40th percentile

0.2%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$93,323

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

47th percentile

0.6%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$473,428

Up $2,775 (+0.6%) from 2017

Net Assets

Up

$259,850

Up $1,263 (+0.5%) from 2017

Liabilities

Up

$213,578

Up $1,512 (+0.7%) from 2017

Revenue

Up

$665,515

Up $113,852 (+21%) from 2017

Expenses

Up

$664,252

Up $74,510 (+13%) from 2017

Net Income

Up

$1,263

Up $39,342 (+103%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $232,732Liabilities 2011: $0Net Assets 2011: $232,7322011Assets 2013: $307,001Liabilities 2013: $0Net Assets 2013: $307,0012013Assets 2016: $340,248Liabilities 2016: $43,582Net Assets 2016: $296,6662016Assets 2017: $470,653Liabilities 2017: $212,066Net Assets 2017: $258,5872017Assets 2018: $473,428Liabilities 2018: $213,578Net Assets 2018: $259,8502018Assets 2019: $529,633Liabilities 2019: $216,412Net Assets 2019: $313,2212019Assets 2021: $1,243,417Liabilities 2021: $38,003Net Assets 2021: $1,205,4142021Assets 2022: $1,583,772Liabilities 2022: $37,954Net Assets 2022: $1,545,8182022Assets 2024: $1,596,173Liabilities 2024: $32,533Net Assets 2024: $1,563,6402024

Highlighted filing

2018

Assets$473,428
Liabilities$213,578
Net Assets$259,850

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $274,3342011Revenue 2013: $341,602Expenses 2013: $317,737Net Income 2013: $23,8652013Revenue 2016: $588,950Expenses 2016: $558,591Net Income 2016: $30,3592016Revenue 2017: $551,663Expenses 2017: $589,742Net Income 2017: -$38,0792017Revenue 2018: $665,515Expenses 2018: $664,252Net Income 2018: $1,2632018Revenue 2019: $739,637Expenses 2019: $686,266Net Income 2019: $53,3712019Revenue 2021: $1,455,273Expenses 2021: $742,001Net Income 2021: $713,2722021Revenue 2022: $1,170,337Expenses 2022: $829,932Net Income 2022: $340,4052022Revenue 2024: $981,513Expenses 2024: $914,427Net Income 2024: $67,0862024

Highlighted filing

2018

Revenue$665,515
Expenses$664,252
Net Income$1,263
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 31, 2018
Return Version
2017v2.2
Gross Receipts
$665,515
Mission and Program Overview

Mission

The organizations purpose is to operate the religious, cultural and educational website called SikhNet.com and associated and supportive activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$456,708$311,428▼ $145,280
Rtn Earn Endowment Incm Other Fnds$258,587$259,850▲ $1,263
Savings and Temporary Cash Investments-$148,844-
Other Notes and Loans Receivable, Net$9,324--
Land, Buildings, and Equipment, Net$4,621$7,870▲ $3,249
Prepaid Expenses and Deferred Charges-$4,871-
Accounts Receivable-$415-
Total Assets$470,653$473,428▲ $2,775
Liabilities
Other Liabilities-$204,545-
Accounts Payable and Accrued Expenses$212,066$9,033▼ $203,033
Total Liabilities$212,066$213,578▲ $1,512
Net Assets / Fund Balance
Total Net Assets Fund Balance$258,587$259,850▲ $1,263
Total Liabilities and Net Assets / Fund Balance$470,653$473,428▲ $2,775

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,870$8,123-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gurumustuk S KhalsaVice PresidentFT$93,323$93,323
Guruka S KhalsaPresidentFT$82,446$82,446
Revenue and Support

Revenue Composition

Contributions and Grants
$647,824
Program Service Revenue
$17,300
Investment Income
$0
Other Revenue
$391
All Other Contributions
$647,824
Change in Net Assets
$1,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$665,515
Total Revenue per Audited Statements
$665,515
Total Revenue per Form 990
$665,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$351,959
Other Expenses$312,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$226,565--$226,565
Current Officers, Directors, Trustees, and Key Employees$175,769--$175,769
Other Salaries and Wages$84,763$26,656-$111,419
Other Employee Benefits$42,348--$42,348
Office Expenses$30,519--$30,519
Payroll Taxes$22,423--$22,423
Occupancy$12,836--$12,836
Travel$5,481--$5,481
Fees for Services Accounting-$4,983-$4,983
Depreciation Depletion$3,120--$3,120
Insurance$1,106$1,890-$2,996
Advertising$1,363--$1,363
Other Expenses$600--$600
Fees for Services Legal-$12-$12
Total Functional Expenses$630,711$33,541$0$664,252

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$664,252
Total Expenses per Audited Statements$664,252
Total Expenses per Form 990$664,252
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll liabilites$200,818
Unearned revenue$3,727
Cash stmt-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

Form 990 Part VI Section Section B Line Line 11b The members of the governing body all reviewthe Form 990 before it is sent to the Internal Revenue Service

Form 990 governing body review Part VI line 11

All directors and members of the governing body are given Form 990 to review

Conflict of interest policy compliance Part VI line 12C

This is regularly reviewed in staff and officer meetings

Governing documents etc available to public Part VI line 19

Form 990 Part VI Section Section C Line Line 19 The organization makes its governingdocuments, its conflict of interest policy and its financcial statement available to thepublic upon request

Filing and Contact Details

Filer

Filer Name
Sikhnet Inc
EIN
26-4806284
Address
1A Ram Das Guru Plaza, Espanola, NM 87532

Signing Officer

Name
Guruka S Khalsa
Title
President
Phone
7037079878
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Accounting Advantage
Address
11654 Plaza America Dr 707, Reston, VA 20190
Preparer
Darshan S Khalsa
Phone
7037079878
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

See attached overflow statement, page 2

Financial Statement Notes

Other revenues included on Form 990 (Part XI, line 4B)

E-Commerce $5370, Matrimonial $6132, Network Service $5798, Interest $391

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All directors and members of the governing body are given Form 990 to review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2This is regularly reviewed in staff and officer meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 Part VI Section Section C Line Line 19 The organization makes its governingdocuments, its conflict of interest policy and its financcial statement available to thepublic upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4See attached overflow statement, page 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0630711
IRS990/TotalFunctionalExpensesGrp/TotalAmt0664252
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0212066
IRS990/TotalLiabilitiesEOYAmt0213578
IRS990/TotalLiabilitiesGrp/BOYAmt0212066
IRS990/TotalLiabilitiesGrp/EOYAmt0213578
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0258587
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0259850
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0630711
IRS990/TotalProgramServiceRevenueAmt017300
IRS990/TotalReportableCompFromOrgAmt0175769
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017691
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0665515
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0470653
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0473428
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05481
IRS990/TravelGrp/TotalAmt05481
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.sikhnet.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Guruka S Khalsa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07037079878
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sikhnet Inc
ReturnHeader/Filer/BusinessNameControlTxt0SIKH
ReturnHeader/Filer/EIN0264806284
ReturnHeader/Filer/USAddress/AddressLine1Txt01A Ram Das Guru Plaza
ReturnHeader/Filer/USAddress/CityNm0Espanola
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087532
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F4141A69C23535263A316D1BCEBF4D77146D35B3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F4141A69C23535263A316D1BCEBF4D77146D35B3
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId05492892018309nok0kri
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.127.47.167
ReturnHeader/FilingSecurityInformation/IPDt02018-11-05
ReturnHeader/FilingSecurityInformation/IPTm009:17:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541768587
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Accounting Advantage
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011654 Plaza America Dr 707
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Reston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020190
ReturnHeader/PreparerPersonGrp/PhoneNum07037079878
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Darshan S Khalsa
ReturnHeader/ReturnTs02018-11-05T09:20:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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