Civic Intelligence

Avasant Foundation

990EZ • Fiscal year 2017 • EIN 46-0691011

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 05, 2018

1960 E Grand AveEl Segundo, CA 90245

(310) 643-3030

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.12x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

26th percentile

-8.3%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

50th percentile

1.9%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-13%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$294,348

Up $5,355 (+1.9%) from 2016

Net Assets

Down

$275,672

Down $13,321 (-4.6%) from 2016

Liabilities

Up

$18,676

Up $18,676 from 2016

Revenue

Down

$161,107

Down $24,799 (-13%) from 2016

Expenses

Down

$174,428

Down $88,774 (-34%) from 2016

Net Income

Up

-$13,321

Up $63,975 (+83%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $486,324Liabilities 2014: $12,539Net Assets 2014: $473,7852014Assets 2015: $373,186Liabilities 2015: $6,897Net Assets 2015: $366,2892015Assets 2016: $288,993Liabilities 2016: $0Net Assets 2016: $288,9932016Assets 2017: $294,348Liabilities 2017: $18,676Net Assets 2017: $275,6722017Assets 2018: $205,088Liabilities 2018: $18,676Net Assets 2018: $186,4122018Assets 2019: $221,100Liabilities 2019: $19,426Net Assets 2019: $201,6742019Assets 2020: $412,593Liabilities 2020: $19,426Net Assets 2020: $393,1672020Assets 2021: $490,768Liabilities 2021: $19,426Net Assets 2021: $471,3422021Assets 2022: $541,225Liabilities 2022: $29,426Net Assets 2022: $511,7992022Assets 2023: $1,209,479Liabilities 2023: $19,426Net Assets 2023: $1,190,0532023Assets 2024: $1,446,879Liabilities 2024: $32,880Net Assets 2024: $1,413,9992024

Highlighted filing

2017

Assets$294,348
Liabilities$18,676
Net Assets$275,672

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $581,632Expenses 2014: $107,847Net Income 2014: $473,7852014Revenue 2015: $106,733Expenses 2015: $214,229Net Income 2015: -$107,4962015Revenue 2016: $185,906Expenses 2016: $263,202Net Income 2016: -$77,2962016Revenue 2017: $161,107Expenses 2017: $174,428Net Income 2017: -$13,3212017Revenue 2018: $118,507Expenses 2018: $207,767Net Income 2018: -$89,2602018Revenue 2019: $218,199Expenses 2019: $202,937Net Income 2019: $15,2622019Revenue 2020: $411,291Expenses 2020: $219,798Net Income 2020: $191,4932020Revenue 2021: $373,127Expenses 2021: $294,952Net Income 2021: $78,1752021Revenue 2022: $371,573Expenses 2022: $331,116Net Income 2022: $40,4572022Revenue 2023: $923,356Expenses 2023: $245,102Net Income 2023: $678,2542023Revenue 2024: $419,508Expenses 2024: $195,562Net Income 2024: $223,9462024

Highlighted filing

2017

Revenue$161,107
Expenses$174,428
Net Income-$13,321
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 5, 2018
Return Version
2017v2.2
Gross Receipts
$197,500
Mission and Program Overview

Mission

The avasant foundation is an organization aiming to align corporate social responsibility initiatives for avasant and its partners by leveraging its expertise in globalization, rural economic development, skills development, and technology services.the avasant foundation's purpose is to promote efforts that will generate educational opportunities for children, reduce childhood poverty, and drive the employment of youth. One of the key initiatives, entitled "impact sourcing" is tied to avasant's relationship with the rockefeler foundation, through which the avasant foundation seeks to create sourcing related job opportunities in poor and economically challenged communities.

The avasant foundation is an organization aiming to align corporate social responsibility initiatives for avasant and its partners by leveraging its expertise in globalization, rural ecocnomic development, skills development, and technology services.the avasant foundation's purpose is to promote efforts that will generate educational opportunities for children, reduce childhood poverty, and drive the employment of youth. One of the key initiatives, entitled "impact sourcing" is tied to avasant's relationship with the rockefeler foudation, through which the avasant foundation seeks to create sourcing related job opportunities in poor and economically challenged communities.

Program Services

DescriptionGrantsExpenses
THE AVASANT FOUNDATION WILL BE HOSTING CHARITABLE FUND RAISING ACTIVITIES. ALL PROCEEDS WILL SUPPORT THE MISSION OF THE AVASANT FOUNDATION WHICH IS TO PROMOTE EFFORTS THAT WILL GENERATE EDUCATIONAL OPPORTUITIES FOR CHILDREN, REDUCE CHILDHOOD POVERTY, AND DRIVE THE EMPLOYMENT OF YOUTH.$177,854-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN PARIKHPresidentPT$0--
ROBERT W RANDOPHTreasurer-$0--
RAVI MAHALINGAMSecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$197,500$197,500$8,040$189,460
Total Events$197,500$197,500$36,393$161,107
Filing and Contact Details

Filer

Filer Name
Avasant Foundation
EIN
46-0691011
Phone
3106433030
Address
1960 E GRAND AVE, EL SEGUNDO, CA 90245

Signing Officer

Name
Kevin Parikh
Title
President
Signed
2018-03-05
Discuss with paid preparer
Yes

Preparer

Firm
Kiyohara & Takahashi LLP
Address
6055 E Washington Blvd Ste 690, Commerce, CA 90040
Preparer
Chris Kiyohara CPA
Phone
3232781300
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

Class of Activity: CHARITABLE | Donee's Name: AMERICAN INDIA FOUNDATION | Donee's Address: 216 E 45TH STREET, 7TH FLOOR NEW YORK NY 10017 | Relationship of Donee: None | Cash Amount Given: $10000

Grants and Similar Amounts Paid In Excess of $5,000.3

Class of Activity: CHARITABLE | Donee's Name: UNIV OF TECHNOLOGY - JAMAICA | Donee's Address: 237 OLD HOPE ROAD KINGSTON JAMAICA Jamaica | Relationship of Donee: None | Cash Amount Given: $18000

Other Expenses.1005

Travel $26772

Other Expenses.1

Subcontracted services $7300

Other Expenses.2

TELEPHONE $1654

Other Expenses.3

Payroll service fees $974

Other Expenses.4

ACCOUNTING $859

Other Expenses.5

CREDIT CARD FEES $595

Other Expenses.6

BANK CHARGES $335

Other Expenses.7

Internet/Website $275

Other Assets.1006

Pledges and Grants Receivable - Beginning $45000 Pledges and Grants Receivable - Ending $45000

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $250

Total Liabilities.1002

Grants Payable - Beginning $0 Grants Payable - Ending $18426

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: CHARITABLE | Donee's Name: AMERICAN INDIA FOUNDATION | Donee's Address: 216 E 45TH STREET, 7TH FLOOR NEW YORK NY 10017 | Relationship of Donee: None | Cash Amount Given: $10000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Class of Activity: CHARITABLE | Donee's Name: UNIV OF TECHNOLOGY - JAMAICA | Donee's Address: 237 OLD HOPE ROAD KINGSTON JAMAICA Jamaica | Relationship of Donee: None | Cash Amount Given: $18000
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