Civic Intelligence

Jhumki Basu Foundation

990 • Fiscal year 2019 • EIN 30-0591093

Apr 01, 2018 to Mar 31, 2019 • Filed on Feb 13, 2020

14435C Big Basin Way No 256Saratoga, CA 95070-6082

(408) 867-2320

Siviq Scores

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

Liabilities / Assets

85th percentile

0.27x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

56th percentile

6.2%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

309%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$23,641

Up $3,244 (+16%) from 2018

Net Assets

Down

$17,346

Down $3,051 (-15%) from 2018

Liabilities

Up

$6,295

Up $6,295 from 2018

Revenue

Up

$217,412

Up $164,268 (+309%) from 2018

Expenses

Up

$203,992

Up $36,398 (+22%) from 2018

Net Income

Up

$13,420

Up $127,870 (+112%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $278,903Liabilities 2014: $0Net Assets 2014: $278,9032014Assets 2015: $46,377Liabilities 2015: $0Net Assets 2015: $46,3772015Assets 2016: $44,614Liabilities 2016: $0Net Assets 2016: $44,6142016Assets 2017: $134,847Liabilities 2017: $0Net Assets 2017: $134,8472017Assets 2018: $20,397Liabilities 2018: $0Net Assets 2018: $20,3972018Assets 2019: $23,641Liabilities 2019: $6,295Net Assets 2019: $17,3462019Assets 2020: $1,017,020Liabilities 2020: $0Net Assets 2020: $1,017,0202020Assets 2021: $517,588Liabilities 2021: $10,000Net Assets 2021: $507,5882021Assets 2022: $299,322Liabilities 2022: $10,000Net Assets 2022: $289,3222022Assets 2023: $101,519Liabilities 2023: $10,000Net Assets 2023: $91,5192023Assets 2024: $145,881Liabilities 2024: $0Net Assets 2024: $145,8812024Assets 2025: $147,000Liabilities 2025: $0Net Assets 2025: $147,0002025

Highlighted filing

2019

Assets$23,641
Liabilities$6,295
Net Assets$17,346

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2014: $614,952Expenses 2014: $472,576Net Income 2014: $142,3762014Revenue 2015: $3,206Expenses 2015: $235,732Net Income 2015: -$232,5262015Revenue 2016: $100,042Expenses 2016: $101,805Net Income 2016: -$1,7632016Revenue 2017: $234,846Expenses 2017: $144,613Net Income 2017: $90,2332017Revenue 2018: $53,144Expenses 2018: $167,594Net Income 2018: -$114,4502018Revenue 2019: $217,412Expenses 2019: $203,992Net Income 2019: $13,4202019Revenue 2020: $1,364,898Expenses 2020: $365,224Net Income 2020: $999,6742020Revenue 2021: $30,977Expenses 2021: $540,409Net Income 2021: -$509,4322021Revenue 2022: $151,102Expenses 2022: $369,368Net Income 2022: -$218,2662022Revenue 2023: $12,858Expenses 2023: $210,661Net Income 2023: -$197,8032023Revenue 2024: $123,228Expenses 2024: $149,273Net Income 2024: -$26,0452024Revenue 2025: $15,631Expenses 2025: $1,408Net Income 2025: $14,2232025

Highlighted filing

2019

Revenue$217,412
Expenses$203,992
Net Income$13,420
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Feb 13, 2020
Return Version
2018v3.1
Gross Receipts
$217,412
Mission and Program Overview

Mission

Objectives are to discover, nurture, and spread innovative and sustainable programs for democratizing science education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,397$23,287▲ $2,890
Rtn Earn Endowment Incm Other Fnds$3,926$17,346▲ $13,420
Investments Other Securities-$4-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$20,397$23,641▲ $3,244
Other Assets Total$0$350▲ $350
Liabilities
Other Liabilities$16,471$6,295▼ $10,176
Total Liabilities$16,471$6,295▼ $10,176
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,926$17,346▲ $13,420
Total Liabilities and Net Assets / Fund Balance$20,397$23,641▲ $3,244
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher E EmdinDirector
Leslie DuhaylongsodDirector
Dipak BasuExecutive Director
Radha R BasuSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$217,397
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$15
All Other Contributions
$217,397
Change in Net Assets
$13,420

Audited Revenue Reconciliation

Revenue per Audited Statements
$217,412
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$217,412
Total Revenue per Form 990
$217,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$134,947
Other Expenses$69,045
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$134,947--$134,947
Conferences and Meetings$33,343--$33,343
Travel$11,121--$11,121
Fees for Services Accounting$6,295--$6,295
All Other Expenses$819--$819
Other Expenses$816--$816
Insurance$330--$330
Advertising$293--$293
Total Functional Expenses$203,992$0$0$203,992

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$203,992
Total Expenses per Audited Statements$203,992
Total Expenses per Form 990$203,992
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Accrued Expenses$6,295
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Dipak basu is married to radha basu

Form 990, Part VI, Section A, Line 8B

N/a, there are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The board is provided a draft of form 990 for its review. After all questions are addressed the board will authorize the executive director to file form 990.

Form 990, Part VI, Section C, Line 19

Financial statements are reviewed and approved by the executive director and the board of directors. The financial statements are on file and are available upon request to the public.

Filing and Contact Details

Filer

Filer Name
Jhumki Basu Foundation
EIN
30-0591093
Phone
4088672320
Address
14435C BIG BASIN WAY NO 256, SARATOGA, CA 95070-6082

Signing Officer

Name
Dipak Basu
Title
President
Phone
4088672320
Signed
2020-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dipak Basu
Formed
2009
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Jerome Bellotti & Associates
Address
985 UNIVERSITY AVENUE SUITE 8, LOS GATOS, CA 95032
Preparer
Jerome a Bellotti
Phone
4088711555
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

See schedule d part xiii explanation.

Sch D Part XIII

The foundation has been determined to be exempt from federal income taxes under section 501(a) of the internal revenue code ("irc") as an organization described in section 501(c) of the irc and from state income taxes under california revenue and taxation code section 23701 (d). Accordingly, no provision for federal and state income taxes has been provided in the accompanying financial statements. Although the foundation is recognized as tax exempt, it is still liable for tax on any unrelated business taxable income (ubi). The foundation does not believe it has ubi that should have been reported for tax purposes. The foundation applies the provisions set forth in financial accounting standards board (fasb) accounting standards codification topic 740 to account for uncertainty in income taxes. Management has considered its tax positions taken and believes that all of the positions taken by the foundation in its federal and states exempt organization tax returns are more likely than not to be sustained upon examination; therefore, no liability for unrecognized income tax benefits has been recorded as of march 30, 2019 and 2018. The foundation's federal return of organization exempt from income tax (form 990) could be subject to examination by the internal revenue service, generally for three years after they are filed. The foundation's state returns could be subject to examination by state taxing authorities, generally from four years after they are filed.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SEE SCHEDULE D PART XIII EXPLANATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE ("IRC") AS AN ORGANIZATION DESCRIBED IN SECTION 501(C) OF THE IRC AND FROM STATE INCOME TAXES UNDER CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701 (D). ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ALTHOUGH THE FOUNDATION IS RECOGNIZED AS TAX EXEMPT, IT IS STILL LIABLE FOR TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME (UBI). THE FOUNDATION DOES NOT BELIEVE IT HAS UBI THAT SHOULD HAVE BEEN REPORTED FOR TAX PURPOSES. THE FOUNDATION APPLIES THE PROVISIONS SET FORTH IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION TOPIC 740 TO ACCOUNT FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS TAKEN AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE FOUNDATION IN ITS FEDERAL AND STATES EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION; THEREFORE, NO LIABILITY FOR UNRECOGNIZED INCOME TAX BENEFITS HAS BEEN RECORDED AS OF MARCH 30, 2019 AND 2018. THE FOUNDATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) COULD BE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE FOUNDATION'S STATE RETURNS COULD BE SUBJECT TO EXAMINATION BY STATE TAXING AUTHORITIES, GENERALLY FROM FOUR YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCH D PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0203992
IRS990ScheduleD/TotalLiabilityAmt06295
IRS990ScheduleD/TotalRevenuePerForm990Amt0217412
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0217412
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0203992
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0134947
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CASH STIPEND TO 48 INDIVIDUAL SCIENCE EDUCATORS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt048
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIPAK BASU IS MARRIED TO RADHA BASU
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N/A, THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS PROVIDED A DRAFT OF FORM 990 FOR ITS REVIEW. AFTER ALL QUESTIONS ARE ADDRESSED THE BOARD WILL AUTHORIZE THE EXECUTIVE DIRECTOR TO FILE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS. THE FINANCIAL STATEMENTS ARE ON FILE AND ARE AVAILABLE UPON REQUEST TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt020397
IRS990/TotalAssetsEOYAmt023641
IRS990/TotalAssetsGrp/BOYAmt020397
IRS990/TotalAssetsGrp/EOYAmt023641
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0217397
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203992
IRS990/TotalFunctionalExpensesGrp/TotalAmt0203992
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016471
IRS990/TotalLiabilitiesEOYAmt06295
IRS990/TotalLiabilitiesGrp/BOYAmt016471
IRS990/TotalLiabilitiesGrp/EOYAmt06295
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03926
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017346
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0203992
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217412
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020397
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023641
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt011121
IRS990/TravelGrp/TotalAmt011121
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014435C BIG BASIN WAY NO 256
IRS990/USAddress/CityNm0SARATOGA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0950706082
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.JHUMKIBASU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DIPAK BASU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04088672320
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JHUMKI BASU FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0JHUM
ReturnHeader/Filer/EIN0300591093
ReturnHeader/Filer/PhoneNum04088672320
ReturnHeader/Filer/USAddress/AddressLine1Txt014435C BIG BASIN WAY NO 256
ReturnHeader/Filer/USAddress/CityNm0SARATOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0950706082
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BEB4E6654660EE064E6C73C3876457DE75AB6B05
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C7A41A4CB02FD3FC772EBE9574B64E02DC74CEEF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.209.136.49
ReturnHeader/FilingSecurityInformation/IPDt02020-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm013:51:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770496449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JEROME BELLOTTI & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0985 UNIVERSITY AVENUE SUITE 8
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS GATOS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095032
ReturnHeader/PreparerPersonGrp/PhoneNum04088711555
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEROME A BELLOTTI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-02-13T18:34:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-04-01
ReturnHeader/TaxPeriodEndDt02019-03-31
ReturnHeader/TaxYr02018

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