Civic Intelligence

Avasant Foundation

990 • Fiscal year 2024 • EIN 46-0691011

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 04, 2025

Organization ProfileWWW.AVASANTFOUNDATION.ORG
1960 E Grand Avenue 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

39th percentile

0.02x

Higher debt load relative to assets than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.08x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

41st percentile

$4,049

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$1,446,879

Up $237,400 (+20%) from 2023

Net Assets

Up

$1,413,999

Up $223,946 (+19%) from 2023

Liabilities

Up

$32,880

Up $13,454 (+69%) from 2023

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin90th percentile

Revenue

Down

$419,508

Down $503,848 (-55%) from 2023

Expenses

Down

$195,562

Down $49,540 (-20%) from 2023

Net Income

Down

$223,946

Down $454,308 (-67%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2024

Assets$1,446,879
Liabilities$32,880
Net Assets$1,413,999
Open 2024 Filing

Operations Trend

Revenue Growth4th 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

2024

Revenue$419,508
Expenses$195,562
Net Income$223,946
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Gross Receipts
$493,812
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
Rtn Earn Endowment Incm Other Fnds$1,190,053$1,413,999▲ $223,946
Cash and Non-Interest-Bearing Accounts$1,209,479$1,341,879▲ $132,400
Accounts Receivable-$105,000-
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,209,479$1,446,879▲ $237,400
Liabilities
Grants Payable$18,426$18,426→ $0
Accounts Payable and Accrued Expenses$250$13,704▲ $13,454
Other Liabilities$750$750→ $0
Total Liabilities$19,426$32,880▲ $13,454
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,190,053$1,413,999▲ $223,946
Total Liabilities and Net Assets / Fund Balance$1,209,479$1,446,879▲ $237,400

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$13,130$13,130
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chitra RajeshwariExec DirectorPT$4,049$4,049

Board Members and Trustees

NameTitle
Kevin ParikhChairman
Revenue and Support

Revenue Composition

Contributions and Grants
$149,562
Program Service Revenue
$8,284
Investment Income
$0
Other Revenue
$261,662
All Other Contributions
$149,562
Change in Net Assets
$223,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,512
Grants and Similar Amounts Paid$25,000
Salaries, Compensation, and Employee Benefits$4,050
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$151,610--$151,610
Grants to Domestic Orgs$25,000--$25,000
Travel$12,367--$12,367
Comp Disqual Persons$4,050--$4,050
Fees for Services Accounting-$2,200-$2,200
Other Expenses-$20-$20
Total Functional Expenses$193,027$2,535$0$195,562
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
IndiasporaSan Francisco, CA501(c)(3)TO SUPPORT THE ORGANIZATION'S MISSION.$25,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$335,966
Fundraising Direct Expenses$74,304
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$335,966$335,966$74,304$261,662
Total Events$335,966$335,966$74,304$261,662
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 1050, EL SEGUNDO, CA 90245

Signing Officer

Name
Kevin Parikh
Title
Chairman
Phone
3106433030
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Parikh
Formed
2012
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
17

Preparer

Firm
Wright Ford Young & Co
Address
16140 SAND CANYON AVENUE, IRVINE, CA 92618
Preparer
Ryan Working CPA
Phone
9499102727
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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/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.
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IRS990/Desc0OVERALL ACHIEVEMENTS IN 2024:OVER 52,000 LIVES IMPACTED2700+ CANDIDATES GRADUATED DIRECTLY FROM THE AVASANT DIGITAL SKILLS AND ENTREPRENEURS TRAINING PROGRAMSOVER 100+ LEADING EMPLOYERS SUPPORT THE IMPACT OF THE TRAINING BY HIRING OUR GRADUATES60 + PARTNERSHIPS WITH EDUCATIONAL AND PRIVATE AND PUBLIC SECTOR90-95% SUCCESS RATE OF JOB HIRES FOR GRADUATES WITHIN 3 MONTHS OF GRADUATION100% DIVERSITY AND INCLUSION, WITH OVER 65% FEMALE PARTICIPATION
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IRS990/ProgSrvcAccomActy3Grp/Desc0AVASANT FOUNDATION SUPPORTED STEM AND ENTREPRENEURSHIP EDUCATION FOR DISADVANTAGED YOUTH IN THE UNITED STATES AS WELL AS OTHER INITIATIVES IN PARTNERSHIP WITH NON-PROFIT ORGANIZATIONS.
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt074304
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE ORGANIZATION'S MISSION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDIASPORA
IRS990ScheduleI/RecipientTable/RecipientEIN0464246368
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03450 SACRAMENTO STREET SUITE 615
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd094118
IRS990/ScheduleJRequiredInd00
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/TotalAssetsBOYAmt01209479
IRS990/TotalAssetsEOYAmt01446879
IRS990/TotalAssetsGrp/BOYAmt01209479
IRS990/TotalAssetsGrp/EOYAmt01446879
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0149562
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02535
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193027
IRS990/TotalFunctionalExpensesGrp/TotalAmt0195562
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019426
IRS990/TotalLiabilitiesEOYAmt032880
IRS990/TotalLiabilitiesGrp/BOYAmt019426
IRS990/TotalLiabilitiesGrp/EOYAmt032880
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01190053
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01413999
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0193027
IRS990/TotalProgramServiceRevenueAmt08284
IRS990/TotalReportableCompFromOrgAmt04049
IRS990/TotalRevenueGrp/ExclusionAmt0261662
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08284
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0419508
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt017
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01209479
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01446879
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012367
IRS990/TravelGrp/TotalAmt012367
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01960 E GRAND AVENUE 1050
IRS990/USAddress/CityNm0EL SEGUNDO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090245
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.AVASANTFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN PARIKH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03106433030
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AVASANT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AVAS
ReturnHeader/Filer/EIN0460691011
ReturnHeader/Filer/PhoneNum03106433030
ReturnHeader/Filer/USAddress/AddressLine1Txt01960 E GRAND AVENUE 1050
ReturnHeader/Filer/USAddress/CityNm0EL SEGUNDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090245
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953288054
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WRIGHT FORD YOUNG & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016140 SAND CANYON AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092618
ReturnHeader/PreparerPersonGrp/PhoneNum09499102727
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN WORKING CPA
ReturnHeader/ReturnTs02025-11-17T16:07:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,446,879
Liabilities
$32,880
Net assets
$1,413,999
Revenue
$419,508
Expenses
$195,562
Net income
$223,946
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $1M-$5M nonprofits