Civic Intelligence

Paniit Inc.

990EZ • Fiscal year 2021 • EIN 43-2047118

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 12, 2022

Organization ProfileWWW.IIT.ORG
47000 Warm Springs Blvd Ste ST1246Fremont, CA 94539

(979) 450-1769

Siviq Scores

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

Liabilities / Assets

44th percentile

0.00x

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.00x

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

1st percentile

-7372%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

8th percentile

-34%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$391,734

Down $202,591 (-34%) from 2020

Net Assets

Down

$391,734

Down $202,591 (-34%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin1st percentile

Revenue

Down

$2,748

Down $530,934 (-99%) from 2020

Expenses

Up

$205,339

Up $75,954 (+59%) from 2020

Net Income

Down

-$202,591

Down $606,888 (-150%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$600K$400K$200K$0Assets 2010: $341,050Liabilities 2010: $0Net Assets 2010: $341,0502010Assets 2011: $268,836Liabilities 2011: $02011Assets 2012: $306,945Liabilities 2012: $0Net Assets 2012: $306,9452012Assets 2013: $269,081Liabilities 2013: $0Net Assets 2013: $269,0812013Assets 2014: $372,341Liabilities 2014: $0Net Assets 2014: $372,3412014Assets 2015: $386,313Liabilities 2015: $0Net Assets 2015: $386,3132015Assets 2016: $324,105Liabilities 2016: $0Net Assets 2016: $324,1052016Assets 2017: $255,796Liabilities 2017: $76Net Assets 2017: $255,7202017Assets 2018: $227,505Liabilities 2018: $0Net Assets 2018: $227,5052018Assets 2019: $190,028Liabilities 2019: $0Net Assets 2019: $190,0282019Assets 2020: $594,325Liabilities 2020: $0Net Assets 2020: $594,3252020Assets 2021: $391,734Liabilities 2021: $0Net Assets 2021: $391,7342021Assets 2022: $334,135Liabilities 2022: $0Net Assets 2022: $334,1352022Assets 2023: $258,505Liabilities 2023: $02023Assets 2024: $258,013Net Assets 2024: $258,0132024

Highlighted filing

2021

Assets$391,734
Liabilities$0
Net Assets$391,734
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0-$500KRevenue 2010: $12,983Expenses 2010: $84,439Net Income 2010: -$71,4562010Revenue 2011: $19,093Expenses 2011: $91,307Net Income 2011: -$72,2142011Revenue 2012: $79,296Expenses 2012: $41,187Net Income 2012: $38,1092012Revenue 2013: $5,375Expenses 2013: $43,239Net Income 2013: -$37,8642013Revenue 2014: $169,036Expenses 2014: $65,776Net Income 2014: $103,2602014Revenue 2015: $680,158Expenses 2015: $666,186Net Income 2015: $13,9722015Revenue 2016: $50,000Expenses 2016: $33,845Net Income 2016: $16,1552016Revenue 2017: $0Expenses 2017: $68,385Net Income 2017: -$68,3852017Revenue 2018: $2,389Expenses 2018: $30,604Net Income 2018: -$28,2152018Revenue 2019: $4,771Expenses 2019: $42,248Net Income 2019: -$37,4772019Revenue 2020: $533,682Expenses 2020: $129,385Net Income 2020: $404,2972020Revenue 2021: $2,748Expenses 2021: $205,339Net Income 2021: -$202,5912021Revenue 2022: $134Expenses 2022: $57,607Net Income 2022: -$57,4732022Revenue 2023: $80Expenses 2023: $75,710Net Income 2023: -$75,6302023Revenue 2024: $80,522Expenses 2024: $81,014Net Income 2024: -$4922024

Highlighted filing

2021

Revenue$2,748
Expenses$205,339
Net Income-$202,591
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 12, 2022
Return Version
2021v4.2
Gross Receipts
$2,748
Mission and Program Overview

Mission

Alumni networking activities.

Offer common Alumni Services to help alumni

Program Services

DescriptionGrantsExpenses
Almni services during Covid Pandemic and provides Oxygen and Covid support expenses-$205,339
Members Contribution--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUNDARAM SRINIVASANPresident-$0--
ARUN JAINVice President-$0--
HUZEFA SHAKIRCFO TreasurerPT$0--
AMIT ARORAChapter Rep-$0--
SRINATH CHIGULLAPALLITechnology Rep-$0--
WITTY BINDRAConference Rep-$0--
Filing and Contact Details

Filer

Filer Name
Paniit Inc
EIN
43-2047118
In Care Of
% HUZEFA SHAKIR
Phone
9794501769
Address
47000 Warm Springs Blvd Ste ST1246, Fremont, CA 94539

Signing Officer

Name
Huzefa Shakir
Title
Treasurer CFO
Phone
9794501769
Signed
2022-11-12
Supplemental Narrative

Additional Explanations

Part I Line 16

“Advertising and promotion $569.00”

Part I Line 16

“Other office expenses $651.00”

Part I Line 16

“Conferences, conventions, and meetings $48235.00”

Part I Line 16

“Insurance $2256.00”

Part I Line 16

“Alumni Services $115975.00”

Part I Line 16

“Chapter Support Expenses $3167.00”

Part I Line 16

“Discreationery Charges $1099.00”

Part I Line 16

“Local Tax paid $50.00”

Raw XML Appendix133 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0HUZEFA SHAKIR
IRS990EZ/BooksInCareOfDetail/PhoneNum09794501769
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt047000 WARM SPRINGS BLVD Ste SUITE 1
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FREMONT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd094539
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0594325
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0391734
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01801
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-202591
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt031978
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0594325
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0391734
IRS990EZ/GrossReceiptsAmt02748
IRS990EZ/InvestmentIncomeAmt080
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0594325
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0391734
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0594325
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0391734
IRS990EZ/OccupancyRentUtltsAndMaintAmt0361
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt14.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt26.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt34.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt44.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt54.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SUNDARAM SRINIVASAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ARUN JAIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2HUZEFA SHAKIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3AMIT ARORA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SRINATH CHIGULLAPALLI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5WITTY BINDRA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CFO TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHAPTER REP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TECHNOLOGY REP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CONFERENCE REP
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt0172002
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Offer common Alumni Services to help alumni
IRS990EZ/PrintingPublicationsPostageAmt0998
IRS990EZ/ProgramServiceRevenueAmt0867
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Almni services during Covid Pandemic and provides Oxygen and Covid support expenses
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Members Contribution
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0205339
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0205339
IRS990EZ/TotalProgramServiceExpensesAmt0205339
IRS990EZ/TotalRevenueAmt02748
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.IIT.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and promotion $569.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other office expenses $651.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, conventions, and meetings $48235.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $2256.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Alumni Services $115975.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Chapter Support Expenses $3167.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Discreationery Charges $1099.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Local Tax paid $50.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part I Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HUZEFA SHAKIR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum09794501769
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PANIIT INC
ReturnHeader/Filer/BusinessNameControlTxt0PANI
ReturnHeader/Filer/EIN0432047118
ReturnHeader/Filer/InCareOfNm0% HUZEFA SHAKIR
ReturnHeader/Filer/PhoneNum09794501769
ReturnHeader/Filer/USAddress/AddressLine1Txt047000 Warm Springs Blvd Ste ST1246
ReturnHeader/Filer/USAddress/CityNm0Fremont
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094539
ReturnHeader/ReturnTs02022-11-12T14:32:24-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HUZEFA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHAKIR
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$391,734
Liabilities
$0
Net assets
$391,734
Revenue
$2,748
Expenses
$205,339
Net income
-$202,591
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.58$2.58$0.81$0.81$0.00
2023Summary only. Only limited summary data is available for this year.$2.59$0.00$0.00$0.76$0.76
2022Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$0.00$0.58$0.57
2021Detailed filing. Detailed filing data is available for this year.$3.92$0.00$3.92$0.03$2.05$2.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.94$0.00$5.94$5.34$1.29$4.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.00$1.90$0.05$0.42$0.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.00$2.28$0.02$0.31$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.00$2.56$0.00$0.68$0.68
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.00$3.24$0.50$0.34$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.86$0.00$3.86$6.80$6.66$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$1.69$0.66$1.03
2013Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.05$0.43$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.00$3.07$0.79$0.41$0.38
2011Summary only. Only limited summary data is available for this year.$2.69$0.00$0.19$0.91$0.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.00$3.41$0.13$0.84$0.71