Civic Intelligence

Kheyti Inc.

990 • Fiscal year 2022 • EIN 32-0503382

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 30, 2023

151 Hobart AveShort Hills, NJ 07078

(224) 400-0089

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.08x

Higher debt load relative to assets than 42% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.22x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

25th percentile

$42,262

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

92nd percentile

64%

Faster asset growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

59%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$6,445,082

Up $2,514,227 (+64%) from 2021

Net Assets

Up

$5,938,832

Up $2,210,477 (+59%) from 2021

Liabilities

Up

$506,250

Up $303,750 (+150%) from 2021

Revenue

Up

$2,318,834

Up $864,355 (+59%) from 2021

Expenses

Up

$108,357

Up $62,470 (+136%) from 2021

Net Income

Up

$2,210,477

Up $801,885 (+57%) from 2021

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2018: $681,690Liabilities 2018: $0Net Assets 2018: $681,6902018Assets 2019: $1,359,846Liabilities 2019: $0Net Assets 2019: $1,359,8462019Assets 2020: $2,530,614Liabilities 2020: $208,550Net Assets 2020: $2,322,0642020Assets 2021: $3,930,855Liabilities 2021: $202,500Net Assets 2021: $3,728,3552021Assets 2022: $6,445,082Liabilities 2022: $506,250Net Assets 2022: $5,938,8322022Assets 2023: $7,481,358Liabilities 2023: $531,053Net Assets 2023: $6,950,3052023Assets 2024: $10,009,985Liabilities 2024: $35,200Net Assets 2024: $9,974,7852024Assets 2025: $16,840,765Liabilities 2025: $0Net Assets 2025: $16,840,7652025

Highlighted filing

2022

Assets$6,445,082
Liabilities$506,250
Net Assets$5,938,832

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2018: $486,860Expenses 2018: $6,343Net Income 2018: $480,5172018Revenue 2019: $720,046Expenses 2019: $41,890Net Income 2019: $678,1562019Revenue 2020: $1,050,562Expenses 2020: $88,344Net Income 2020: $962,2182020Revenue 2021: $1,454,479Expenses 2021: $45,887Net Income 2021: $1,408,5922021Revenue 2022: $2,318,834Expenses 2022: $108,357Net Income 2022: $2,210,4772022Revenue 2023: $1,045,015Expenses 2023: $91,966Net Income 2023: $953,0492023Revenue 2024: $3,373,992Expenses 2024: $349,512Net Income 2024: $3,024,4802024Revenue 2025: $7,066,125Expenses 2025: $200,145Net Income 2025: $6,865,9802025

Highlighted filing

2022

Revenue$2,318,834
Expenses$108,357
Net Income$2,210,477
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 30, 2023
Return Version
2022v5.0
Gross Receipts
$2,318,834
Mission and Program Overview

Mission

To provide technology solutions for smallholder farmers, specifically in india. The organization designs, adapts and implements low-cost farming solutions that help small farmers increase yield and predictability of produce.

Design, adapt and implement low-cost farming solutions that help small farmers in india.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,303,348$5,434,310▲ $2,130,962
Cash and Non-Interest-Bearing Accounts$602,667$935,823▲ $333,156
Accounts Receivable$24,840$50,004▲ $25,164
Prepaid Expenses and Deferred Charges-$24,945-
Total Assets$3,930,855$6,445,082▲ $2,514,227
Liabilities
Other Liabilities$202,500$506,250▲ $303,750
Total Liabilities$202,500$506,250▲ $303,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,728,355$5,938,832▲ $2,210,477
Total Net Assets Fund Balance$3,728,355$5,938,832▲ $2,210,477
Total Liabilities and Net Assets / Fund Balance$3,930,855$6,445,082▲ $2,514,227

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,434,310--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Venkata Sathya Raghu MokkapatiDirector$42,262$42,262
Ramachandra Kaushik Kappagantulu NaPresident$39,211$39,211

Board Members and Trustees

NameTitle
Bart BursteinDirector
Dinkar AyilavarapuDirector
Ramana GuptaDirector
Stephanie Dodson CornellDirector (thru 4/22/22)
Prakash ShuklaSecretary
Amrita BhandariTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,318,763
Program Service Revenue
$0
Investment Income
$71
Other Revenue
$0
All Other Contributions
$2,318,763
Change in Net Assets
$2,210,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,357
Total Fundraising Expense$1,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$83,281--$83,281
Interest$11,550--$11,550
Fees for Services Accounting-$9,370-$9,370
Insurance-$1,580-$1,580
Travel--$1,025$1,025
Occupancy-$840-$840
Information Technology-$630-$630
Office Expenses-$81-$81
Total Functional Expenses$94,831$12,501$1,025$108,357
International Activity

International Summary

Offices
1
Employees
0
Spending
$5,434,310

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,InvestmentsProgram Related Investments10$5,434,310
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
Short Term Liabilities$506,250
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

Information is provided by management to the cpa firm who in turn prepared form 990 to be filed and shared a draft with the management. Form 990 were presented to the board for approval prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has a written conflict of interest policy as part of its bylaws. Any director, principal officer, or member of a committee with the governing board delegated powers are covered under the policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers. An interested person may make a presentation at the governing board or committee meeting, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. Every year, in january, all the board members of the organization are required to review the policy and officially acknowledge this as a part of the board minutes.

Form 990, Part VI, Section B, Line 15

Compensation is determined using the form 990 filings of multiple comparable non-profits working in developing countries to come up with reasonable compensation which is passed at the meeting of the board with the interested party recused from voting.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of time set forth in sec. 6104(d).

Filing and Contact Details

Filer

Filer Name
Kheyti Inc
EIN
32-0503382
Phone
2244000089
Address
151 HOBART AVE, SHORT HILLS, NJ 07078

Signing Officer

Name
Kaushik Kappagantulu
Title
President
Phone
2244000089
Signed
2023-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kaushik Kappagantulu
Formed
2016
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
7

Preparer

Firm
Hood & Strong Llp
Address
60 SO MARKET ST STE 200, SAN JOSE, CA 95113
Preparer
Maga E Kisriev
Phone
4089988400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting services: program service expenses 83,281. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,281.

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IRS990/Desc0THE GREENHOUSE-IN-A-BOX:UNDER THIS PROGRAM, KHEYTI HELPS SMALLHOLDER FARMERS BECOME CLIMATE RESILIENT BY PROVIDING THEM ACCESS TO LOW-COST GREENHOUSE TECHNOLOGIES AND GIVING THEM FREE TRAINING, EDUCATION, AND MARKET ACCESS SERVICES. THE PROGRAM WAS LAUNCHED IN 2017 AND REACHED 1,000 FARMERS BY THE END OF 2022. IT AIMS TO EXPAND ITS REACH TO 4,000 FARMERS IN 2024 AND 1 MILLION OVER THE NEXT 10 YEARS. THE PROGRAM COSTS INCURRED IN THE US PRIMARILY INCLUDE CONSULTING COSTS FOR DESIGN, ENGINEERING AND PROGRAM. SINCE A MAJOR PART OF ITS ACTIVITY IS CARRIED OUT THROUGH ITS 100% OWNED SUBSIDIARY IN INDIA, ADDITIONAL COSTS OF THE PROGRAM HAVE BEEN INCLUDED IN THE REPORTING OF THE SUBSIDIARY.
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05434310
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0506250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHORT TERM LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt05434310
IRS990ScheduleD/TotalLiabilityAmt0506250
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt05434310
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROGRAM RELATED INVESTMENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0INVESTMENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt05434310
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
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IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt05434310
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INFORMATION IS PROVIDED BY MANAGEMENT TO THE CPA FIRM WHO IN TURN PREPARED FORM 990 TO BE FILED AND SHARED A DRAFT WITH THE MANAGEMENT. FORM 990 WERE PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AS PART OF ITS BYLAWS. ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH THE GOVERNING BOARD DELEGATED POWERS ARE COVERED UNDER THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. EVERY YEAR, IN JANUARY, ALL THE BOARD MEMBERS OF THE ORGANIZATION ARE REQUIRED TO REVIEW THE POLICY AND OFFICIALLY ACKNOWLEDGE THIS AS A PART OF THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED USING THE FORM 990 FILINGS OF MULTIPLE COMPARABLE NON-PROFITS WORKING IN DEVELOPING COUNTRIES TO COME UP WITH REASONABLE COMPENSATION WHICH IS PASSED AT THE MEETING OF THE BOARD WITH THE INTERESTED PARTY RECUSED FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 83,281. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,281.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0KHEYTI INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0PLOT NO 200 2ND CROSS MANSOORABAD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0HYDERABAD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0IN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0FARMING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0KHEYTI TECH PRIVATE LIMITED
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0705876
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-2004400
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02130962
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KHEYTI TECH PRIVATE LIMITED
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt03930855
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012501
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094831
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TransactionWithControlEntInd00
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IRS990/TravelGrp/TotalAmt01025
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IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007078
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0KHEYTI.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAUSHIK KAPPAGANTULU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02244000089
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KHEYTI INC

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