Civic Intelligence

Nalanda 20

EIN 36-4878144 • 501(c)3 • Fremont, CA

Pub. 78 Eligible990-N Coverage

Profile

Improve excellence and access in higher education. Current focus is on India. Thus, Nalanda 2.0's current focus is to make India's higher education system world-class by building a world-class multidisciplinary research university, educating stakeholders, and advising governments.

PO Box 14841Fremont, CA 94539

www.nalanda2.org

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 2023

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

85th percentile

$10,925

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 24.3% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

94th percentile

134%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-15%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$42,148

Up $24,114 (+134%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$42,148

Up $24,114 (+134%) from 2022

Operations
Liabilities / Revenue62nd percentileNet Margin90th percentile

Revenue

Down

$44,981

Down $7,780 (-15%) from 2022

Expenses

Down

$20,867

Down $58,006 (-74%) from 2022

Net Income

Up

$24,114

Up $50,226 (+192%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

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

$60K$40K$20K$0Assets 2021: $44,146Liabilities 2021: $0Net Assets 2021: $44,1462021Assets 2022: $18,034Liabilities 2022: $0Net Assets 2022: $18,0342022Assets 2023: $42,148Liabilities 2023: $0Net Assets 2023: $42,1482023

Highlighted filing

2023

Assets$42,148
Liabilities$0
Net Assets$42,148
Open 2023 Filing

Operations Trend

Revenue Growth38th percentile

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

$100K$50K$0-$50KRevenue 2021: $81,258Expenses 2021: $54,264Net Income 2021: $26,9942021Revenue 2022: $52,761Expenses 2022: $78,873Net Income 2022: -$26,1122022Revenue 2023: $44,981Expenses 2023: $20,867Net Income 2023: $24,1142023

Highlighted filing

2023

Revenue$44,981
Expenses$20,867
Net Income$24,114
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,148
Liabilities
$0
Net assets
$42,148
Revenue
$44,981
Expenses
$20,867
Net income
$24,114
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$42.1$0.00$42.1$45.0$20.9$24.1
2022Detailed filing. Detailed filing data is available for this year.$18.0$0.00$18.0$52.8$78.9$26.1
2021Detailed filing. Detailed filing data is available for this year.$44.1$0.00$44.1$81.3$54.3$27.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Sep 11, 2023
Return Version
2022v5.0
Gross Receipts
$44,981
Mission and Program Overview

Mission

Improve excellence and access in higher education. Current focus is on India. Thus, Nalanda 2.0's current focus is to make India's higher education system world-class by building a world-class multidisciplinary research university, educating stakeholders, and advising governments.

Program Services

DescriptionGrantsExpenses
Building a world-class multidisciplinary research university in India: With 1.4 billion people in India, which is close to 1/6th of world's population, Nalanda 2.0's current mission of making India's higher education system world class is a win-win for India and its people and the global humanity. Artificial Intelligence (AI) and automation are expected to disrupt industries, jobs, and labor market around the world. Thus, more than ever before, higher education is going to provide a critical foundation for fulfilling lives, careers, and lifelong learning. India is also facing several mega challenges such as food, water, health, poverty, energy, environment, and climate change, which need sustainable solutions now. Unfortunately, India's higher education is in crisis. In a post-COVID-19 world, Nalanda 2.0's mission is more important and urgent than ever before. In early 2018, Nalanda 2.0 assembled an exceptional group of over 20 leaders in academia, business, and start-ups to build a world-class multidisciplinary research university in India. The team now includes over 60 leaders and professionals, who are alumni of and affiliated with 11 of the top 25 research universities in the world and bring over 600 years of full-time experience in top higher education institutions from around the world. They are based in India, Australia, Singapore, UAE, and the US, and bring wisdom, experiences, and access to a vast network of additional experts to build the university. Initially code named the University of the Future (UFI), in 2020, we named it Ekagrid. After close to three years of dedicated efforts, planning, and engaging with stakeholders, we are now poised to launch Ekagrid in 2022-2023. We have: Built an exceptional founding team consisting of Board of Directors, Chancellor, COO and CDO, Global Advisory Board, Campaign Committee, and volunteers, Developed an actionable plan, Established a Section 8 company, Selected a legal counsel, external auditor, and accounting firm that are assisting with all legal and compliance related matters, Deeply engaged with several state governments in India for land and regulatory approvals, Established a growing network of professors and researchers who are ready to partner or join the university. From April 2021 to March 2022, made steady progress despite the headwinds caused by COVID-19 variants such as Delta, the Russia-Ukraine conflict, and related economic turbulence and friction in travel. Signed two Memorandum of Understandings (MoU) with the Karnataka Government - one for acquiring 200 acres of land in Bengaluru, and second for passing the Ekagrid Private University Act. Also secured a MoU with a premier research unity for collaborating on research and education programs. Key discussions are underway for raising funds to launch Ekagrid. The expectation is that once one anchor donor makes a formal commitment, then additional donors will follow. During this period many donors showed interest but have not made a commitment. Making the final push to secure the lead anchor donor.$0$18,941
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shailendra KumarPresidentFT$10,925-$10,925
Arjun MalhotraMember, Board Of Directors-$0--
Krishna SaraswatMember, Board Of Directors-$0--
Rakesh MisraTreasurer-$0--
Deepan Raj PrabakarSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Nalanda 20
EIN
36-4878144
Phone
4085294072
Address
PO Box 14841, Fremont, CA 94539

Signing Officer

Name
Shailendra Kumar
Title
President
Phone
4085294072
Signed
2023-09-11
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Primarily travel to India to meet with key stakeholders to build a multidisciplinary research university.”

Raw XML Appendix167 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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