Civic Intelligence

Vattikuti Foundation

990PF • Fiscal year 2023 • EIN 38-3380162

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 03, 2025

1000 Town Center 700Southfield, MI 48075-1220

(248) 281-2513

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2023 filings • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.00x

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

2023 filings • $25M-$50M nonprofits • Source year 2023

Net Margin

1st percentile

-675%

Higher net margin than 1% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$202,979

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 60.8% of source-year revenue.

2023 filings • $25M-$50M nonprofits • Source year 2023

Asset Growth

11th percentile

-6.0%

Faster asset growth than 11% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-42%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Down

$35,144,487

Down $2,253,147 (-6.0%) from 2022

Net Assets

Down

$35,144,487

Down $2,253,147 (-6.0%) from 2022

Liabilities

Down

$0

Down $1 (-100%) from 2022

Revenue

Down

$334,095

Down $237,116 (-42%) from 2022

Expenses

Down

$2,589,711

Down $102,230 (-3.8%) from 2022

Net Income

Down

-$2,255,616

Down $134,886 (-6.4%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $29,277,253Liabilities 2011: $3,566Net Assets 2011: $29,273,6872011Assets 2012: $31,327,928Liabilities 2012: $3,657Net Assets 2012: $31,324,2712012Assets 2013: $34,534,778Liabilities 2013: $243Net Assets 2013: $34,534,5352013Assets 2014: $37,702,778Liabilities 2014: $243Net Assets 2014: $37,702,5352014Assets 2015: $37,011,375Liabilities 2015: $169Net Assets 2015: $37,011,2062015Assets 2016: $38,675,759Liabilities 2016: $0Net Assets 2016: $38,675,7592016Assets 2017: $40,072,850Liabilities 2017: $0Net Assets 2017: $40,072,8502017Assets 2018: $39,831,528Liabilities 2018: $0Net Assets 2018: $39,831,5282018Assets 2019: $40,587,892Liabilities 2019: $1Net Assets 2019: $40,587,8922019Assets 2020: $41,456,642Liabilities 2020: $1Net Assets 2020: $41,456,6422020Assets 2021: $39,673,747Liabilities 2021: $1Net Assets 2021: $39,673,7472021Assets 2022: $37,397,634Liabilities 2022: $1Net Assets 2022: $37,397,6342022Assets 2023: $35,144,487Liabilities 2023: $0Net Assets 2023: $35,144,4872023Assets 2024: $32,991,900Liabilities 2024: $106,765Net Assets 2024: $32,885,1352024

Highlighted filing

2023

Assets$35,144,487
Liabilities$0
Net Assets$35,144,487

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $1,301,2952011Expenses 2012: $910,5752012Revenue 2013: $4,182,056Expenses 2013: $2,406,579Net Income 2013: $1,775,4772013Revenue 2014: $3,272,860Expenses 2014: $1,780,900Net Income 2014: $1,491,9602014Revenue 2015: $4,410,248Expenses 2015: $2,707,594Net Income 2015: $1,702,6542015Revenue 2016: $3,075,347Expenses 2016: $1,410,794Net Income 2016: $1,664,5532016Revenue 2017: $4,782,645Expenses 2017: $3,339,931Net Income 2017: $1,442,7142017Revenue 2018: $2,379,980Expenses 2018: $2,611,443Net Income 2018: -$231,4632018Revenue 2019: $1,878,125Expenses 2019: $1,121,761Net Income 2019: $756,3642019Revenue 2020: $3,349,529Expenses 2020: $2,467,586Net Income 2020: $881,9432020Revenue 2021: $1,684,021Expenses 2021: $2,816,423Net Income 2021: -$1,132,4022021Revenue 2022: $571,211Expenses 2022: $2,691,941Net Income 2022: -$2,120,7302022Revenue 2023: $334,095Expenses 2023: $2,589,711Net Income 2023: -$2,255,6162023Revenue 2024: $1,675,029Expenses 2024: $3,933,906Net Income 2024: -$2,258,8772024

Highlighted filing

2023

Revenue$334,095
Expenses$2,589,711
Net Income-$2,255,616
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 3, 2025
Return Version
2023v6.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MAHENDRA BHANDARICEOFT$150,000$52,979$202,979
RAJ VATTIKUTIPresident-$0--
PADMA VATTIKUTIVice President-$0--
NICHOLAS STASEVICHSecretary-$0--
TIMOTHY MANNEYTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Vattikuti Foundation
EIN
38-3380162
Phone
2482812513
Address
1000 TOWN CENTER 700, SOUTHFIELD, MI 48075-1220

Signing Officer

Name
Raj Vattikuti
Title
President
Phone
2482812513
Signed
2025-02-03
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
920 5TH AVENUE SUITE 2800, SEATTLE, WA 98104
Preparer
Sue Robison
Phone
2062814444
Raw XML AppendixShowing 400 of 1,106 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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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/BusinessName/BusinessNameLine1Txt0VATTIKUTI INDIA FOUNDATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/BusinessName/BusinessNameLine1Txt1VATTIKUTI INDIA RELIEF FOUNDATION
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt02023-04-14
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt12021-12-17
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt0TO SUPPORT A FELLOWSHIP PROGRAM WITH OBJECTIVE TO TRAIN SURGEONS USING ROBOTIC TECHNOLOGY IN INDIA
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt1TO SUPPORT PROGRAMS THAT HELP COMMUNITIES IN INDIA
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/USAddress/AddressLine1Txt01000 TOWN CENTER NO 700
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GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc0FORM 990-PF, PART VIII-A, LINE 1
GeneralExplanationAttachment/GeneralExplanationGrp/IdentifierTxt0STATEMENT OF DIRECT CHARITABLE ACTIVITIES
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0(CONTINUATION OF STATEMENT 14)THE FOUNDATION SPONSORS OTHER PROFESSIONAL MEDICAL EVENTS AND SENDS FOUNDATION REPRESENTATIVES TO STILL OTHERS. IN 2023, THE VATTIKUTI FOUNDATION HOSTED THE VATTIKUTI FELLOWS ALUMNI MEETING AS A WAY TO FOSTER CLOSER RELATIONSHIPS BETWEEN CURRENT AND FORMER VATTIKUTI FELLOWS.THE FOUNDATION ACTIVELY PARTICIPATES IN THE VATTIKUTI FELLOWS PROGRAM. AMONG OTHER THINGS, THE FOUNDATION WORKS CLOSELY WITH THE MEDICAL INSTITUTIONS SPONSORING THE VATTIKUTI FELLOWS TO ENSURE CURRICULUM STANDARDS ACROSS THE PROGRAM.FINALLY, THE VATTIKUTI FOUNDATION HAS DESIGNED AND MAINTAINED THE VATTIKUTI COLLECTIVE QUALITY INITIATIVE (VCQI), AN INTERNATIONAL DATABASE THAT HAS MADE A REMARKABLE CONTRIBUTION TO RESEARCH ON ROBOTIC SURGERY. VCQI COLLECTS HIPAA COMPLIANT DATA ABOUT ROBOTIC SURGERY OUTCOMES AROUND THE WORLD AND IS DESIGNED TO SHARE RESEARCH FINDINGS AND DATA FOR MEDICAL RESEARCH. VCQI HAS MORE THAN 20,000 HIGH-QUALITY RECORDS ON DIFFERENT ROBOTIC SURGICAL PROCEDURES CONTRIBUTED BY APPROXIMATELY 29 INSTITUTIONS ACROSS THE GLOBE. AS OF 2024, VCQI HAS BEEN THE SOURCE OF 28 PUBLICATIONS IN HIGH-IMPACT JOURNALS AND SEVERAL ABSTRACTS IN VARIOUS INTERNATIONAL MEETINGS.
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1111498
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1131783
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt114621
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1151942
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1163965
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1175869
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt118249983
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt132149088
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1361662
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1371463
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt138343
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InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1403739
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt141194794
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1424738
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt143195263
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1444777
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt145227750
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1463124
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt1472171
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm0ABBVIE INC COM
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm1ACCENTURE PLC-CL A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm2ADOBE INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm3ADVANCED MICRO DEVICES
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm4ADVANTEST CORP-SPON ADR
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm5ADYEN NV-UNSPON ADR
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm6ALLEGION PLC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm7ALPHABET INC CL A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm8ALPHABET INC-CL A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm9AMAZON COM INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm10AMAZON.COM INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm11AMERICAN TOWER CORP
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm12AMERICAN WATER WORKS CO
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm13ANALOG DEVICES INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm14AON PLC-CLASS A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm15APPLE INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm16APPLE INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm17ARCH CAPITAL GROUP LTD
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm18ARISTA NETWORKS INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm19ASM INTERNATIONAL-NY REG SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm20ASML HOLDING NV-NY REG SHS
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm21ASML HOLDING NV NY REG NEW
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm22ASTRAZENECA PLC-SPONS ADR
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm23ATLAS COPCO AB-SPONS ADR A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm24ATLASSIAN CORP PLC-CLASS A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm25AUTODESK INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm26AUTOMATIC DATA PROCESSING
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm27BAE SYSTEMS PLC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm28BLACKROCK INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm29BLOCK INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm30BOSTON SCIENTIFIC CORP
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm31BROADCOM INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm32BURLINGTON STORIES INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm33CANADIAN NATURAL RESOURCES
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm34CANADIAN PACIFIC KANSAS CITY
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm35CHARTER COMMUNICATIONS INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm36CITI 8.8% CONTINGENT AUTOCALL LULU
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm37COMCAST CORP (NEW) CLASS A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm38COMPASS GROUP PLC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm39CONSTELLATION BRANDS INC CL A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm40COSTCO WHOLESALE CORP NEW
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm41DATADOG INC - CLASS A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm42DEXCOM INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm43DIAMONDBACK ENERGY INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm44DOMINO'S PIZZA INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm45DOW INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm46ELI LILLY & CO
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm47EPAM SYSTEMS INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm48EVOLUTION AB
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm49EXPERIAN PLC-SPONS ADR
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm50FERGUSON PLC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm51FERRARI NV
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm52FIDELITY 500 INDEX FUND
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm53FIDELITY INTL INDX-INST PRM
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm54FINANCIAL SELECT SECTOR SPDR
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm55GS 10.5% CONTINGENT AUTOCALL SPOT
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm56HASHIPCORP INC- CL A
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm57HOME DEPOT INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm58HONEYWELL INTERNATIONAL INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm59HONEYWELL INTL INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm60ICICI BANK LTD-SPON ADR
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm61ICON PLC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm62IMMUNOGEN INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm63INTUITIVE SURGICAL INC
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm64INVESCO S&P 500 EQUAL WEIGHT E
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm65ISHARE CORE S&P MIDCAP ETF
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm66JPMORGAN BETABUILDERS CANADA
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm67JPMORGAN BETABUILDERS DEVELO
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm68JPMORGAN BETABUILDERS EUROPE ETF
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm69JPMORGAN BETABUILDERS JAPAN ETF

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.0$0.11$32.9$1.68$3.93$2.26
2023Detailed filing. Detailed filing data is available for this year.$35.1$0.00$35.1$0.33$2.59$2.26
2022Detailed filing. Detailed filing data is available for this year.$37.4$0.00$37.4$0.57$2.69$2.12
2021Detailed filing. Detailed filing data is available for this year.$39.7$0.00$39.7$1.68$2.82$1.13
2020Detailed filing. Detailed filing data is available for this year.$41.5$0.00$41.5$3.35$2.47$0.88
2019Detailed filing. Detailed filing data is available for this year.$40.6$0.00$40.6$1.88$1.12$0.76
2018Detailed filing. Detailed filing data is available for this year.$39.8$0.00$39.8$2.38$2.61$0.23
2017Detailed filing. Detailed filing data is available for this year.$40.1$0.00$40.1$4.78$3.34$1.44
2016Detailed filing. Detailed filing data is available for this year.$38.7$0.00$38.7$3.08$1.41$1.66
2015Detailed filing. Detailed filing data is available for this year.$37.0$0.00$37.0$4.41$2.71$1.70
2014Detailed filing. Detailed filing data is available for this year.$37.7$0.00$37.7$3.27$1.78$1.49
2013Detailed filing. Detailed filing data is available for this year.$34.5$0.00$34.5$4.18$2.41$1.78
2012Detailed filing. Detailed filing data is available for this year.$31.3$0.00$31.3$0.91
2011Detailed filing. Detailed filing data is available for this year.$29.3$0.00$29.3$1.30