Civic Intelligence

Handa Foundation Inc.

990 • Fiscal year 2021 • EIN 45-4516515

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

4009 Cloudcrest DrPlano, TX 75074

(561) 866-8833

Siviq Scores

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

Liabilities / Assets

76th percentile

0.32x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

31st percentile

2.7%

Higher net margin than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

68th percentile

21%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$499,923

Up $85,599 (+21%) from 2020

Net Assets

Up

$339,747

Up $76,884 (+29%) from 2020

Liabilities

Up

$160,176

Up $8,715 (+5.8%) from 2020

Revenue

Down

$1,737,000

Down $600,182 (-26%) from 2020

Expenses

Down

$1,690,083

Down $627,893 (-27%) from 2020

Net Income

Up

$46,917

Up $27,711 (+144%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2013: $18,546Liabilities 2013: $18,546Net Assets 2013: $02013Assets 2014: $0Liabilities 2014: $21,991Net Assets 2014: -$21,9912014Assets 2015: $46,635Liabilities 2015: $36,564Net Assets 2015: $10,0712015Assets 2016: $225,563Liabilities 2016: $78,045Net Assets 2016: $147,5182016Assets 2017: $232,319Liabilities 2017: $0Net Assets 2017: $232,3192017Assets 2018: $304,087Liabilities 2018: $120,578Net Assets 2018: $183,5092018Assets 2019: $314,727Liabilities 2019: $113,153Net Assets 2019: $201,5742019Assets 2020: $414,324Liabilities 2020: $151,461Net Assets 2020: $262,8632020Assets 2021: $499,923Liabilities 2021: $160,176Net Assets 2021: $339,7472021Assets 2022: $507,795Liabilities 2022: $121,141Net Assets 2022: $386,6542022Assets 2023: $402,332Liabilities 2023: $44,469Net Assets 2023: $357,8632023Assets 2024: $413,085Liabilities 2024: $69,001Net Assets 2024: $344,0842024

Highlighted filing

2021

Assets$499,923
Liabilities$160,176
Net Assets$339,747

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $300,454Expenses 2013: $319,000Net Income 2013: -$18,5462013Revenue 2014: $430,196Expenses 2014: $433,641Net Income 2014: -$3,4452014Revenue 2015: $377,818Expenses 2015: $371,882Net Income 2015: $5,9362015Revenue 2016: $2,336,478Expenses 2016: $2,236,350Net Income 2016: $100,1282016Revenue 2017: $2,250,818Expenses 2017: $2,285,479Net Income 2017: -$34,6612017Revenue 2018: $2,237,737Expenses 2018: $2,205,337Net Income 2018: $32,4002018Revenue 2019: $2,021,299Expenses 2019: $2,468,313Net Income 2019: -$447,0142019Revenue 2020: $2,337,182Expenses 2020: $2,317,976Net Income 2020: $19,2062020Revenue 2021: $1,737,000Expenses 2021: $1,690,083Net Income 2021: $46,9172021Revenue 2022: $1,664,777Expenses 2022: $1,617,870Net Income 2022: $46,9072022Revenue 2023: $1,991,993Expenses 2023: $2,090,810Net Income 2023: -$98,8172023Revenue 2024: $2,077,008Expenses 2024: $2,090,862Net Income 2024: -$13,8542024

Highlighted filing

2021

Revenue$1,737,000
Expenses$1,690,083
Net Income$46,917
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 1, 2022
Return Version
2021v4.0
Gross Receipts
$1,737,000
Mission and Program Overview

Mission

The mission of The Handa Foundation is to establish, support and/or manage sustainable not-for-profit educational institutions and medical facilities in Southeast Asia that benefit the underprivileged.

The mission of The Handa Foundation is to establish and/or manage sustainable not-for-profit educational institutions and medical facilities in Southeast Asia that benefit the underprivileged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$262,863$339,747▲ $76,884
Accounts Receivable$152,093$176,377▲ $24,284
Cash and Non-Interest-Bearing Accounts$50,622$145,429▲ $94,807
Land, Buildings, and Equipment, Net$125,401$130,989▲ $5,588
Inventories for Sale or Use$61,150$35,668▼ $25,482
Prepaid Expenses and Deferred Charges$25,058$11,460▼ $13,598
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$414,324$499,923▲ $85,599
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$151,461$160,176▲ $8,715
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$151,461$160,176▲ $8,715
Net Assets / Fund Balance
Total Net Assets Fund Balance$262,863$339,747▲ $76,884
Total Liabilities and Net Assets / Fund Balance$414,324$499,923▲ $85,599

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$130,989$278,107$409,096
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin OBrienDirector
Midori MiyazakiDirector
Nilesh PatelDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$479,799
Program Service Revenue
$1,257,201
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,799
Change in Net Assets
$46,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$896,635
Other Expenses$793,448
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$852,060$0$0$852,060
Other Expenses$147,525$0$0$147,525
Payroll Taxes$44,575$0$0$44,575
Depreciation Depletion$43,832$0$0$43,832
Information Technology$41,718$0$0$41,718
Travel$36,365$0$0$36,365
Office Expenses$18,567$0$0$18,567
Conferences and Meetings$16,783$0$0$16,783
Insurance$14,605$0$0$14,605
All Other Expenses$10,041$0$0$10,041
Total Functional Expenses$1,690,083$0$0$1,690,083
International Activity

International Summary

Offices
2
Employees
148
Spending
$1,690,083

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesOperate a hospital and school.2148$1,690,083
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

The Form 990 is distributed each year to all three of the board members, prior to it being finalized and filed.

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

The conflict of interest policy is reviewed by the three board members on an annual basis, and at that time each member reviews the prior year of activity and discussed any potential conflicts of interest with the other members.

Form 990, Part VI, Section B, Line 15

Every year in October or November, the three board members review the salaries of all executives and department heads in the organization. At this time, a salary and employment history for these staff members are provided, alongside the salary range for each position. The salary range for each position is updated based on the current market conditions, which are also updated annually.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, financial statements and other operational details of the organization are provided to anyone who requests them, as noted on the organization's website and annual statement.

Filing and Contact Details

Filer

Filer Name
Handa Foundation Inc
EIN
45-4516515
Phone
5618668833
Address
4009 CLOUDCREST DR, PLANO, TX 75074

Signing Officer

Name
Kevin OBrien
Title
Director
Phone
5618668833
Signed
2022-11-01

Organization Details

Principal Officer
Kevin OBrien
Formed
2012
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
15
Raw XML AppendixShowing 400 of 672 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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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt029967
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt018567
IRS990/OfficeExpensesGrp/TotalAmt018567
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Pharmacy Supplies
IRS990/OtherExpensesGrp/Desc1Other Hospital Supplies
IRS990/OtherExpensesGrp/Desc2Utilities and Facility Repairs
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0310661
IRS990/OtherExpensesGrp/ProgramServicesAmt1153351
IRS990/OtherExpensesGrp/ProgramServicesAmt2147525
IRS990/OtherExpensesGrp/TotalAmt0310661
IRS990/OtherExpensesGrp/TotalAmt1153351
IRS990/OtherExpensesGrp/TotalAmt2147525
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0852060
IRS990/OtherSalariesAndWagesGrp/TotalAmt0852060
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt044575
IRS990/PayrollTaxesGrp/TotalAmt044575
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025058
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011460
IRS990/PrincipalOfficerNm0Kevin OBrien
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0621110
IRS990/ProgramServiceRevenueGrp/Desc0Donations from patients after care received
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01257201
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01257201
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Support for the construction and repair of buildings at a children's academy in Battambang, Cambodia that are used to provide education and training to the underprivileged. Initiatives on the campus include classrooms, sports facilities, farming equipment and structures to support vocational training.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0244923
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0294045
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0992189
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0702670
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0814216
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01344993
IRS990/PYRevenuesLessExpensesAmt019206
IRS990/PYSalariesCompEmpBnftPaidAmt0801090
IRS990/PYTotalExpensesAmt02317976
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02337182
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt046917
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0469000
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01442955
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0262863
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0339747
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00

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