Civic Intelligence

Avatar Charitable Foundation Inc

EIN 27-3429265 • 501(c)3 • Corona, NY

Profile

Promote Hindu Religion and activites

PO Box 680175Corona, NY 11368
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

33rd percentile

-8.0%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

21st percentile

-44%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

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

Assets

Down

$20

Down $16 (-44%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$20

Down $16 (-44%) from 2021

Revenue

Down

$200

Down $61,300 (-100%) from 2021

Expenses

Down

$216

Down $66,854 (-100%) from 2021

Net Income

Up

-$16

Up $5,554 (+100%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0K$4.0K$2.0K$0Assets 2019: $5,482Liabilities 2019: $0Net Assets 2019: $5,4822019Assets 2020: $5,606Liabilities 2020: $0Net Assets 2020: $5,6062020Assets 2021: $36Liabilities 2021: $0Net Assets 2021: $362021Assets 2022: $20Liabilities 2022: $0Net Assets 2022: $202022

Highlighted filing

2022

Assets$20
Liabilities$0
Net Assets$20

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2019: $5,500Expenses 2019: $18Net Income 2019: $5,4822019Revenue 2020: $60,000Expenses 2020: $59,876Net Income 2020: $1242020Revenue 2021: $61,500Expenses 2021: $67,070Net Income 2021: -$5,5702021Revenue 2022: $200Expenses 2022: $216Net Income 2022: -$162022

Highlighted filing

2022

Revenue$200
Expenses$216
Net Income-$16

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 18, 2023
Return Version
2022v5.0
Gross Receipts
$200
Mission and Program Overview

Mission

Promote Hindu Religion and activites

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36$20▼ $16
Total Assets$36$20▼ $16
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$36$20▼ $16
Total Net Assets Fund Balance$36$20▼ $16
Total Liabilities and Net Assets / Fund Balance$36$20▼ $16
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jay SarkarPresident
Saikrishna ChatakondaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$200
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$200
Change in Net Assets
$-16
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$216--$216
Total Functional Expenses$216$0$0$216
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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

Members or stockholder classes and rights Part VI line 6

Stockholders one class

Form 990 governing body review Part VI line 11

No review was conducted

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policy is available at request

CEO executive director top management comp Part VI line 15A

No compensation given to officers or directors

Governing documents etc available to public Part VI line 19

All documents available to public upon request

Filing and Contact Details

Filer

Filer Name
Avatar Charitable Foundation Inc
EIN
27-3429265
Address
PO Box 680175, Corona, NY 11368

Signing Officer

Name
Jay Sarkar
Title
President
Phone
7188782224
Signed
2023-04-18
Discuss with paid preparer
No

Organization Details

Formed
2010
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Dalip Malik CPA
Address
3149 Wilmarth Place, Wantagh, NY 11793
Preparer
Dalip Malik CPA
Phone
5166335229
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Other expenses listed

Raw XML Appendix265 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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ReturnHeader/TaxPeriodEndDt02022-12-31
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