Civic Intelligence

Rural India Supporting Trust

990 • Fiscal year 2016 • EIN 26-6163668

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

38955 Hills Tech DriveFarmington Hills, MI 48331

(248) 987-7405

Siviq Scores

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

Liabilities / Assets

10th percentile

0.06x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.76x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Net Margin

97th percentile

73%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Top Officer Pay

1st percentile

$112,435

Higher top officer pay than 1% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Asset Growth

85th percentile

13%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

574%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,744,403,482

Up $194,200,922 (+13%) from 2015

Net Assets

Up

$1,645,322,842

Up $95,120,282 (+6.1%) from 2015

Liabilities

Up

$99,080,640

Up $99,080,640 from 2015

Revenue

Up

$130,431,959

Up $111,070,241 (+574%) from 2015

Expenses

Down

$35,315,470

Down $4,315,626 (-11%) from 2015

Net Income

Up

$95,116,489

Up $115,385,867 (+569%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2015: $1,550,202,560Liabilities 2015: $0Net Assets 2015: $1,550,202,5602015Assets 2016: $1,744,403,482Liabilities 2016: $99,080,640Net Assets 2016: $1,645,322,8422016Assets 2017: $1,742,122,807Liabilities 2017: $0Net Assets 2017: $1,742,122,8072017Assets 2018: $1,805,104,473Liabilities 2018: $5,839Net Assets 2018: $1,805,098,6342018Assets 2019: $1,797,847,516Liabilities 2019: $543,819Net Assets 2019: $1,797,303,6972019Assets 2020: $467,262,358Liabilities 2020: $39,164Net Assets 2020: $467,223,1942020Assets 2021: $382,980,142Liabilities 2021: $350,013Net Assets 2021: $382,630,1292021Assets 2022: $363,584,429Liabilities 2022: $113,637Net Assets 2022: $363,470,7922022Assets 2023: $350,894,393Liabilities 2023: $132,861Net Assets 2023: $350,761,5322023Assets 2024: $331,156,634Liabilities 2024: $763,164Net Assets 2024: $330,393,4702024

Highlighted filing

2016

Assets$1,744,403,482
Liabilities$99,080,640
Net Assets$1,645,322,842

Operations Trend

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

$2.0B$1.0B$0-$1.0B-$2.0BRevenue 2015: $19,361,718Expenses 2015: $39,631,096Net Income 2015: -$20,269,3782015Revenue 2016: $130,431,959Expenses 2016: $35,315,470Net Income 2016: $95,116,4892016Revenue 2017: $37,199,129Expenses 2017: $39,481,177Net Income 2017: -$2,282,0482017Revenue 2018: $105,060,915Expenses 2018: $42,085,088Net Income 2018: $62,975,8272018Revenue 2019: $33,585,114Expenses 2019: $43,238,863Net Income 2019: -$9,653,7492019Revenue 2020: $55,555,795Expenses 2020: $1,384,983,433Net Income 2020: -$1,329,427,6382020Revenue 2021: $66,367,375Expenses 2021: $157,566,926Net Income 2021: -$91,199,5512021Revenue 2022: $13,626,662Expenses 2022: $32,785,999Net Income 2022: -$19,159,3372022Revenue 2023: $7,435,951Expenses 2023: $20,145,211Net Income 2023: -$12,709,2602023Revenue 2024: $3,199,521Expenses 2024: $23,567,583Net Income 2024: -$20,368,0622024

Highlighted filing

2016

Revenue$130,431,959
Expenses$35,315,470
Net Income$95,116,489
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.1
Gross Receipts
$130,512,606
Mission and Program Overview

Mission

To improve quality of life for the citizens of India by providing grants that advance public health, economic opportunity, and education in India.

To advance public health, education and economic opportunity in india through organizations and to develop and distribute drugs and medicines to the under-privileged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,550,202,560$1,645,322,842▲ $95,120,282
Other Notes and Loans Receivable, Net$1,428,954,537$1,506,461,093▲ $77,506,556
Savings and Temporary Cash Investments$92,354,352$156,181,948▲ $63,827,596
Investments in Publicly Traded Securities$0$54,171,203▲ $54,171,203
Land, Buildings, and Equipment, Net$20,140,567$20,140,567→ $0
Cash and Non-Interest-Bearing Accounts$8,139,055$7,096,512▼ $1,042,543
Prepaid Expenses and Deferred Charges$260,234$270,234▲ $10,000
Accounts Receivable$353,815$81,925▼ $271,890
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,550,202,560$1,744,403,482▲ $194,200,922
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$0$99,080,640▲ $99,080,640
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$99,080,640▲ $99,080,640
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,550,202,560$1,645,322,842▲ $95,120,282
Total Liabilities and Net Assets / Fund Balance$1,550,202,560$1,744,403,482▲ $194,200,922

Asset Categories

AssetBook ValueDepreciationBasis
Land$20,140,567--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul GlickDirector of Grant ManagementFT$112,435$112,435

Board Members and Trustees

NameTitle
Kadambari PathakDirector
Neeraj SharmaDirector
Prem NarulaDirector
Shweta RawatDirector, Secretary
Ranjeet SinghDirector, Treasurer
Indu RawatTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Devyani Management ServicesFinancial Management1880 JOHN F KENNEDY BLVD STE 1720, Philadelphia, PA 19103, In$199,670
Conley Fleming LLPLegal Services-$119,600
Revenue and Support

Revenue Composition

Contributions and Grants
$740
Program Service Revenue
$0
Investment Income
$129,151,224
Other Revenue
$1,279,995
All Other Contributions
$740
Change in Net Assets
$95,116,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$34,106,608
Other Expenses$757,463
Salaries, Compensation, and Employee Benefits$451,399
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$33,034,324--$33,034,324
Grants to Domestic Orgs$1,072,284--$1,072,284
Other Salaries and Wages$230,859$188,884$0$419,743
Other Expenses$0$164,286$0$164,286
Fees for Services Other$164,101$0$0$164,101
Fees for Services Management-$163,038$0$163,038
Fees for Services Legal$35,000$77,058$0$112,058
Travel$54,105$0$0$54,105
Payroll Taxes$17,411$14,245$0$31,656
Fees for Services Accounting$16,980-$0$16,980
Insurance-$3,991$0$3,991
Office Expenses$2,175$0$0$2,175
Conferences and Meetings$100$0$0$100
Total Functional Expenses$34,627,339$688,131$0$35,315,470
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The New England Center for ChildrenSouthborough, MA501(c)(3)Technical Support/staff$349,228
Keystone Human Services InternationalHamburg, PA501(c)(3)Institute for Community Living$333,056
I Create IncKendall Park, NJ501(c)(3)Economic Opportunity$200,000
Human Rights WatchChicago, IL501(c)(3)Defending Human Rights$100,000
Cry AmericaBraintree, MA501(c)(3)Child Education$70,000
Americares Foundation IncStamford, CT501(c)(3)Spirit of Humanity Fundraising$20,000

International Summary

Employees
1
Spending
$33,034,324

International Compliance

Foreign grant records maintained
Yes
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
South AsiaGrantmaking--1$33,034,324
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Manoj BhargavaFormer OfficerSee Part VNo$1,016,474,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
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

Form 990, Part VI, Line 2

Family or business relationships Indu Rawat and Shweta Rawat have a family relationship.

Form 990, Part VI, Line 4

Significant changes made to the organization's governing documents rists trust agreement was amended and restated to clarify that rist is a supporting organization within the meaning of section 509(a)(3) of the internal revenue code (the "code"), controlled by the hans foundation within the meaning of section 509(a)(3)(b)(i) of the code, and under section 501(c)(3) of the code, and rist is organized and operated exclusively for the benefit of the hans foundation (the "controlling charity") and, as a designated class, those organizations that would qualify as tax-exempt publicly supported organizations described in section 509(a)(1) or 509(a)(2) of the code the benefits to which carry out the purposes of the controlling charity and that are organized and operated to advance public health, education or economic opportunity in india. Form 990, part vi, line 7a members of the organization under section 4.1 of the amended and restated rist trust agreement, the trustee has the power to appoint at least one member of the rist board of directors, and the controlling charity has the power to appoint at least two members of the board of directors; provided that, at all times, the majority of the board will be composed of representatives of the controlling charity.

Form 990, Part VI, Line 11B

Process used to review the form 990 a copy of the form 990 is circulated to the board of directors for review and comment prior to billing. The 990 is prepared by a public accounting firm.

Form 990, Part VI, Line 12C

Monitoring & enforcement of compliance with conflict of interest policy all officers, directors, trustee, and key employees annually review the conflicts of interest policy. They sign an annual statement stating that they received a copy of the conflicts of interest policy, read and understand the policy, and state that they have no actual or possible conflicts of interest. The board of directors is responsible for reviewing the disclosures. Any person who is determined to have a conflict of interest is recused from voting on the matter.

Form 990, Part VI, Section A, Line 18

Form 990 is available to the public on the foundation directory at foundationcenter.org.

Form 990, Part VI, Line 19

Process for making documents available to the public the organization does not make its governing documents, conflicts of interest policy, or financial statements available to the public.

Form 990, Part VIII, Line 11A

Miscellaneous revenue is for repayment of compensation for shweta rawat, a director and officer of rist and a family member of the trustee of rist.

Filing and Contact Details

Filer

Filer Name
Rural India Supporting Trust
EIN
26-6163668
In Care Of
% Michael Rehrauer
Phone
2489877405
Address
38955 Hills Tech Drive, Farmington Hills, MI 48331
Doing Business As
Hans Charitable Supporting Trust

Signing Officer

Name
Indu Rawat
Title
Trustee
Phone
2489877405
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Indu Rawat
Formed
2007
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
3
Employees
3
Volunteers
13

Preparer

Firm
Ernst & Young US Llp
Address
800 Yard Street Suite 200, Grandview Heights, OH 43212
Preparer
Diane L Bean
Phone
6142245678
Raw XML AppendixShowing 400 of 824 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director, Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director, Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director of Grant Management
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IRS990/PayrollTaxesGrp/FundraisingAmt00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt017411
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0270234
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IRS990/PYSalariesCompEmpBnftPaidAmt0627519
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IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlDecidingGrntFrgnOrgInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false

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