Civic Intelligence

Avasant Foundation

990 • Fiscal year 2019 • EIN 46-0691011

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 22, 2020

Organization ProfileWWW.AVASANTFOUNDATION.ORG
1960 E Grand Avenue No 1050El Segundo, CA 90245

(310) 643-3030

Siviq Scores

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

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.09x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

58th percentile

7.0%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$152,018

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 69.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

59th percentile

7.8%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

84%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$221,100

Up $16,012 (+7.8%) from 2018

Net Assets

Up

$201,674

Up $15,262 (+8.2%) from 2018

Liabilities

Up

$19,426

Up $750 (+4.0%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin58th percentile

Revenue

Up

$218,199

Up $99,692 (+84%) from 2018

Expenses

Down

$202,937

Down $4,830 (-2.3%) from 2018

Net Income

Up

$15,262

Up $104,522 (+117%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

2019

Assets$221,100
Liabilities$19,426
Net Assets$201,674
Open 2019 Filing

Operations Trend

Revenue Growth91st percentile

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

2019

Revenue$218,199
Expenses$202,937
Net Income$15,262
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 22, 2020
Return Version
2019v5.1
Gross Receipts
$277,556
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.

Avasant foundation is a nonprofit corporation organized and operated exclusively for charitable purposes. Avasant foundation shall be dedicated to the needs of children with a focus on poverty reduction, education, and employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$205,088$221,100▲ $16,012
Rtn Earn Endowment Incm Other Fnds$186,412$201,674▲ $15,262
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$205,088$221,100▲ $16,012
Liabilities
Grants Payable$18,426$18,426→ $0
Other Liabilities$0$750▲ $750
Accounts Payable and Accrued Expenses$250$250→ $0
Total Liabilities$18,676$19,426▲ $750
Net Assets / Fund Balance
Total Net Assets Fund Balance$186,412$201,674▲ $15,262
Total Liabilities and Net Assets / Fund Balance$205,088$221,100▲ $16,012
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chitra RajeshwariExec DirectorFT$152,018$152,018

Board Members and Trustees

NameTitle
Kevin ParikhPresident
Ravi MahalingamTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$81,306
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$136,893
All Other Contributions
$81,306
Change in Net Assets
$15,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$160,946
Salaries, Compensation, and Employee Benefits$160,925
Other Expenses$40,512
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees--$152,018$152,018
Travel$25,575--$25,575
Payroll Taxes--$8,907$8,907
Grants to Domestic Orgs$1,500--$1,500
Office Expenses-$1,458-$1,458
Information Technology$337$63$21$421
Other Expenses$8,850$138-$138
All Other Expenses$38$60-$98
Total Functional Expenses$36,300$5,691$160,946$202,937
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Business for Social ResponsibilitySan Francisco, CA501(c)(3)To Assist in the Goal of Sustainable Development.$1,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$196,250
Fundraising Direct Expenses$59,357
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$196,250$196,250$11,159$185,091
Total Events$196,250$196,250$59,357$136,893
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Avasant$750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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

“We review the financial records and board meeting records to obtain the required information. A complete copy of the tax return and all related documents are provided to the board. See https://avasant.com/foundation/home”

Form 990, Part VI, Section C, Line 19

“Upon request to damon alvarez at the main office, information pertaining to this non-profit organization will be provided.”

Filing and Contact Details

Filer

Filer Name
Avasant Foundation
EIN
46-0691011
Phone
3106433030
Address
1960 E GRAND AVENUE NO 1050, EL SEGUNDO, CA 90245

Signing Officer

Name
Kevin Parikh
Title
President
Phone
3106433030
Signed
2020-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Parikh
Formed
2012
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
1
Volunteers
50

Preparer

Firm
WRIGHT FORD YOUNG & CO CPA'S
Address
16140 SAND CANYON AVENUE, IRVINE, CA 92618-3715
Preparer
Ryan Working CPA
Phone
9499102727
Raw XML Appendix386 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0250
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0250
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0AVASANT FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. AVASANT FOUNDATION SHALL BE DEDICATED TO THE NEEDS OF CHILDREN WITH A FOCUS ON POVERTY REDUCTION, EDUCATION, AND EMPLOYMENT.
IRS990/AllOtherContributionsAmt081306
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt060
IRS990/AllOtherExpensesGrp/ProgramServicesAmt038
IRS990/AllOtherExpensesGrp/TotalAmt098
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAMON ALVAREZ
IRS990/BooksInCareOfDetail/PhoneNum03106433030
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01960 E GRAND AVE STE 1050
IRS990/BooksInCareOfDetail/USAddress/CityNm0EL SEGUNDO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090245
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0205088
IRS990/CashNonInterestBearingGrp/EOYAmt0221100
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0152018
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0152018
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt081306
IRS990/CYGrantsAndSimilarPaidAmt01500
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt040512
IRS990/CYOtherRevenueAmt0136893
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt015262
IRS990/CYSalariesCompEmpBnftPaidAmt0160925
IRS990/CYTotalExpensesAmt0202937
IRS990/CYTotalFundraisingExpenseAmt0160946
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0218199
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0AVASANT FOUNDATION HELPED CATALYZE THE CREATION OF OVER 6000 NEW JOBS IN COLLABORATION WITH GOVERNMENTS, NON-PROFITS AND THE REGION'S GROWING ICT SERVICE INDUSTRY. A NEW EFFORT INVOLVED ADVISING THE RWANDAN GOVERNMENT ON HOW TO OPTIMIZE ITS INVESTMENTS IN ICT FOR JOB CREATION AND DEVELOPMENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt012100
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0CHITRA RAJESHWARI
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN PARIKH
IRS990/Form990PartVIISectionAGrp/PersonNm2RAVI MAHALINGAM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0152018
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXEC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt059357
IRS990/FundraisingGrossIncomeAmt0196250
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt01500
IRS990/GrantsPayableGrp/BOYAmt018426
IRS990/GrantsPayableGrp/EOYAmt018426
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0277556
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt021
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt063
IRS990/InformationTechnologyGrp/ProgramServicesAmt0337
IRS990/InformationTechnologyGrp/TotalAmt0421
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0186412
IRS990/NetAssetsOrFundBalancesEOYAmt0201674
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0136893
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0136893
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01458
IRS990/OfficeExpensesGrp/TotalAmt01458
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1PAYROLL SERVICE FEES
IRS990/OtherExpensesGrp/Desc2CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01659
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11203
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21110
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3138
IRS990/OtherExpensesGrp/ProgramServicesAmt08850
IRS990/OtherExpensesGrp/TotalAmt010509
IRS990/OtherExpensesGrp/TotalAmt11203
IRS990/OtherExpensesGrp/TotalAmt21110
IRS990/OtherExpensesGrp/TotalAmt3138
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0750
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08907
IRS990/PayrollTaxesGrp/TotalAmt08907
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN PARIKH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2019, AF SCALED ITS AVASANT DIGITAL YOUTH EMPLOYMENT INITIATIVE, SKILLS TRAINING IN THE CARIBBEAN, GRADUATING 300 DESERVING YOUTH FROM DISADVANTAGED BACKGROUNDS IN JAMAICA. OVER 90% OF TRAINEES SECURED EMPLOYMENT WITH LEADING IT/BPO SERVICE PROVIDERS WITHIN WEEKS OF FINISHING THEIR TRAINING.IN TRINIDAD & TOBAGO, AVASANT FOUNDATION IN PARTNERSHIP WITH CTS COLLEGE OF BUSINESS AND COMPUTER SCIENCE AND THE MASSY GROUP HAS COMPLETED THE GLOBAL SKILLS FOR DIGITAL SERVICES PROGRAM FUNDED BY THE IDB TO BRIDGE THE PREVAILING SKILL-GAP IN THE ITES SECTOR IN T&T WITH A TRAINED WORKFORCE. 49 YOUTH HAVE RECEIVED TRAINING IN HIGHDEMAND SKILLS FOR A PERIOD OF 18 MONTHS WITH AF'S ADYEI.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012100
IRS990/ProgSrvcAccomActy3Grp/Desc0AVASANT FOUNDATION SUPPORTED STEM AND ENTREPRENEURSHIP EDUCATION FOR DISADVANTAGED YOUTH IN THE US AS WELL AS OTHER INITIATIVES IN PARTNERSHIP WITH NON-PROFIT ORGANIZATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt012100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt025000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt052509
IRS990/PYOtherRevenueAmt0118507
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-89260
IRS990/PYSalariesCompEmpBnftPaidAmt0130258
IRS990/PYTotalExpensesAmt0207767
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0118507
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt015262
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0186412
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0201674
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0277556
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0211863
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0197500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0185906
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0214488
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01087313
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01087313
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0277556
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0211863
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0197500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0185906
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0214488
IRS990ScheduleA/Total509Grp/TotalAmt01087313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0277556
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0211863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0197500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0185906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0214488
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01087313
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE TO AVASANT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0750
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt059357
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0196250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0196250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0196250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0196250
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0136893
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011159
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011159
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt047698
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt047698
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST IN THE GOAL OF SUSTAINABLE DEVELOPMENT.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BUSINESS FOR SOCIAL RESPONSIBILITY
IRS990ScheduleI/RecipientTable/RecipientEIN0521764268
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0220 MONTGOMERY STREET 17TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094104
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152018
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHITRA RAJESHWARI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXEC DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152018
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE REVIEW THE FINANCIAL RECORDS AND BOARD MEETING RECORDS TO OBTAIN THE REQUIRED INFORMATION. A COMPLETE COPY OF THE TAX RETURN AND ALL RELATED DOCUMENTS ARE PROVIDED TO THE BOARD. SEE HTTPS://AVASANT.COM/FOUNDATION/HOME
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST TO DAMON ALVAREZ AT THE MAIN OFFICE, INFORMATION PERTAINING TO THIS NON-PROFIT ORGANIZATION WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0205088
IRS990/TotalAssetsEOYAmt0221100
IRS990/TotalAssetsGrp/BOYAmt0205088
IRS990/TotalAssetsGrp/EOYAmt0221100
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt081306
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0160946
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05691
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036300
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202937
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018676
IRS990/TotalLiabilitiesEOYAmt019426
IRS990/TotalLiabilitiesGrp/BOYAmt018676
IRS990/TotalLiabilitiesGrp/EOYAmt019426
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0186412
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0201674
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt036300
IRS990/TotalReportableCompFromOrgAmt0152018
IRS990/TotalRevenueGrp/ExclusionAmt0136893
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0218199
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0205088
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0221100
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt025575
IRS990/TravelGrp/TotalAmt025575
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01960 E GRAND AVENUE NO 1050
IRS990/USAddress/CityNm0EL SEGUNDO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090245
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.AVASANTFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN PARIKH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03106433030
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AVASANT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AVAS
ReturnHeader/Filer/EIN0460691011
ReturnHeader/Filer/PhoneNum03106433030
ReturnHeader/Filer/USAddress/AddressLine1Txt01960 E GRAND AVENUE NO 1050
ReturnHeader/Filer/USAddress/CityNm0EL SEGUNDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090245
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06384FCF56776910A33DEF6E4422E8326337BB6A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09D73A2916FBC0643329B066BC46248A6EC4AFEFF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.147.13.46
ReturnHeader/FilingSecurityInformation/IPDt02020-04-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm012:52:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953288054
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WRIGHT FORD YOUNG & CO CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016140 SAND CANYON AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0926183715
ReturnHeader/PreparerPersonGrp/PhoneNum09499102727
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN WORKING CPA
ReturnHeader/ReturnTs02020-05-07T15:03:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$221,100
Liabilities
$19,426
Net assets
$201,674
Revenue
$218,199
Expenses
$202,937
Net income
$15,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.03$1.41$0.42$0.20$0.22
2023Summary only. Only limited summary data is available for this year.$1.21$0.02$1.19$0.92$0.25$0.68
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.03$0.51$0.37$0.33$0.04
2021Summary only. Only limited summary data is available for this year.$0.49$0.02$0.47$0.37$0.29$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.02$0.39$0.41$0.22$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.02$0.20$0.22$0.20$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.02$0.19$0.12$0.21$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.02$0.28$0.16$0.17$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$0.19$0.26$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.01$0.37$0.11$0.21$0.11
2014Summary only. Only limited summary data is available for this year.$0.49$0.01$0.47$0.58$0.11$0.47