Civic Intelligence

Sivan Fine Arts Academy Inc.

990EZ • Fiscal year 2022 • EIN 45-5334765

Jan 01, 2022 to Dec 31, 2022 • Filed on May 11, 2023

Organization ProfileN/A
582 E Home AvePalatine, IL 60074

(847) 915-5235

Siviq Scores

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

Liabilities / Assets

88th percentile

0.37x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

1.49x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

2nd percentile

-511%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

8th percentile

-56%

Faster asset growth than 8% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

6.6%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$22,892

Down $29,034 (-56%) from 2021

Net Assets

Down

$14,453

Down $29,034 (-67%) from 2021

Liabilities

Flat

$8,439

Flat from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin2nd percentile

Revenue

Up

$5,677

Up $352 (+6.6%) from 2021

Expenses

Up

$34,711

Up $21,478 (+162%) from 2021

Net Income

Down

-$29,034

Down $21,126 (-267%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$80K$60K$40K$20K$0Assets 2018: $60,793Liabilities 2018: $8,439Net Assets 2018: $52,3542018Assets 2019: $53,190Liabilities 2019: $8,439Net Assets 2019: $44,7512019Assets 2020: $59,834Liabilities 2020: $8,439Net Assets 2020: $51,3952020Assets 2021: $51,926Liabilities 2021: $8,439Net Assets 2021: $43,4872021Assets 2022: $22,892Liabilities 2022: $8,439Net Assets 2022: $14,4532022Assets 2023: $60,200Liabilities 2023: $8,439Net Assets 2023: $51,7612023Assets 2024: $59,384Liabilities 2024: $8,439Net Assets 2024: $50,9452024

Highlighted filing

2022

Assets$22,892
Liabilities$8,439
Net Assets$14,453
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

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

$100K$50K$0-$50KRevenue 2018: $84,593Expenses 2018: $61,073Net Income 2018: $23,5202018Revenue 2019: $76,554Expenses 2019: $84,157Net Income 2019: -$7,6032019Revenue 2020: $21,637Expenses 2020: $14,993Net Income 2020: $6,6442020Revenue 2021: $5,325Expenses 2021: $13,233Net Income 2021: -$7,9082021Revenue 2022: $5,677Expenses 2022: $34,711Net Income 2022: -$29,0342022Revenue 2023: $91,292Expenses 2023: $53,984Net Income 2023: $37,3082023Revenue 2024: $86,132Expenses 2024: $86,948Net Income 2024: -$8162024

Highlighted filing

2022

Revenue$5,677
Expenses$34,711
Net Income-$29,034
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$5,677
Mission and Program Overview

Mission

To promote indian fine arts among children living in north america by conducting competitions and concerts.

Program Services

DescriptionGrantsExpenses
TRAINING AND PERFORMANCE AT CLEVELAND: TRAINING OF CHILDREN OF AGE 6-18 YEARS TO PERFORM INDIAN CLASICAL MUSICBENEFITS ABOUT 160 PEOPLE$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KARTHIKEYAN SHIVARAMANPresidentPT$0--
ASHOK RAMANISecretaryPT$0--
ANAND ANANDANTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Sivan Fine Arts Academy Inc
EIN
45-5334765
Phone
8479155235
Address
582 E HOME AVE, PALATINE, IL 60074

Signing Officer

Name
Karthikeyan Shivaraman
Title
President
Phone
8479155235
Signed
2023-05-11

Preparer

Firm
Certified Accounting & Tax Inc
Address
506B ZENITH DR, GLENVIEW, IL 60025
Preparer
Joseph Chamakala CPA
Phone
8473705673
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“TRAVEL 14019.”

Form 990EZ, Part I, Line 16

“LODGING 2562.”

Form 990EZ, Part I, Line 16

“Donation to cleveland 360.”

Form 990EZ, Part I, Line 16

“OTHER EXPENSES 17.”

Form 990EZ, Part I, Line 16

“FESTIVAL EXPENSES 17753.”

Form 990EZ, Part II, Line 26

“LOAN ROM PROMOTER LOAN”

Raw XML Appendix160 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/BooksInCareOfDetail/PersonNm0ANAND ANANDAN
IRS990EZ/BooksInCareOfDetail/PhoneNum08478582367
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0582 E HOME AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PALATINE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060074
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt051926
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt022892
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-29034
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt051926
IRS990EZ/Form990TotalAssetsGrp/EOYAmt022892
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt05677
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt02
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt043487
IRS990EZ/NetAssetsOrFundBalancesEOYAmt014453
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt043487
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt014453
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt24.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KARTHIKEYAN SHIVARAMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ASHOK RAMANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ANAND ANANDAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt034711
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE INDIAN FINE ARTS AMONG CHILDREN LIVING IN NORTH AMERICA BY CONDUCTING COMPETITIONS AND CONCERTS.
IRS990EZ/ProgramServiceRevenueAmt05675
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TRAINING AND PERFORMANCE AT CLEVELAND: TRAINING OF CHILDREN OF AGE 6-18 YEARS TO PERFORM INDIAN CLASICAL MUSICBENEFITS ABOUT 160 PEOPLE
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt08439
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt08439
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt034711
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt05677
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt021622
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt076537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt084581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0188060
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0188060
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05320
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt021622
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt076537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt084581
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0188060
IRS990ScheduleA/TotalSupportAmt0188060
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRAVEL 14019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LODGING 2562.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DONATION TO CLEVELAND 360.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER EXPENSES 17.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FESTIVAL EXPENSES 17753.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOAN ROM PROMOTER LOAN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KARTHIKEYAN SHIVARAMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08479155235
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SIVAN FINE ARTS ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SIVA
ReturnHeader/Filer/EIN0455334765
ReturnHeader/Filer/PhoneNum08479155235
ReturnHeader/Filer/USAddress/AddressLine1Txt0582 E HOME AVE
ReturnHeader/Filer/USAddress/CityNm0PALATINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060074
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264234074
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CERTIFIED ACCOUNTING & TAX INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506B ZENITH DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENVIEW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060025
ReturnHeader/PreparerPersonGrp/PhoneNum08473705673
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH CHAMAKALA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-06-08T13:54:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KARTHIKEYAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHIVARAMAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,892
Liabilities
$8,439
Net assets
$14,453
Revenue
$5,677
Expenses
$34,711
Net income
-$29,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$59.4$8.44$50.9$86.1$86.9$0.82
2023Detailed filing. Detailed filing data is available for this year.$60.2$8.44$51.8$91.3$54.0$37.3
2022Detailed filing. Detailed filing data is available for this year.$22.9$8.44$14.5$5.68$34.7$29.0
2021Detailed filing. Detailed filing data is available for this year.$51.9$8.44$43.5$5.33$13.2$7.91
2020Detailed filing. Detailed filing data is available for this year.$59.8$8.44$51.4$21.6$15.0$6.64
2019Detailed filing. Detailed filing data is available for this year.$53.2$8.44$44.8$76.6$84.2$7.60
2018Detailed filing. Detailed filing data is available for this year.$60.8$8.44$52.4$84.6$61.1$23.5