Civic Intelligence

Vsk Foundation

990 • Fiscal year 2017 • EIN 46-3158845

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 24, 2018

Organization Profilewww.vskfoundation.org
153 Sussex AvenueNewark, NJ 07103

(201) 925-5484

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

90th percentile

38%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

82%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$191,229

Up $52,620 (+38%) from 2016

Net Assets

Up

$191,229

Up $52,620 (+38%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin42nd percentile

Revenue

Up

$6,535,265

Up $2,938,182 (+82%) from 2016

Expenses

Up

$6,482,645

Up $2,916,559 (+82%) from 2016

Net Income

Up

$52,620

Up $21,623 (+70%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$3.0M$2.0M$1.0M$0Assets 2015: $107,612Liabilities 2015: $0Net Assets 2015: $107,6122015Assets 2016: $138,609Liabilities 2016: $0Net Assets 2016: $138,6092016Assets 2017: $191,229Liabilities 2017: $0Net Assets 2017: $191,2292017Assets 2018: $561,051Liabilities 2018: $0Net Assets 2018: $561,0512018Assets 2019: $497,756Liabilities 2019: $0Net Assets 2019: $497,7562019Assets 2020: $725,816Liabilities 2020: $0Net Assets 2020: $725,8162020Assets 2021: $1,033,022Liabilities 2021: $0Net Assets 2021: $1,033,0222021Assets 2022: $972,855Liabilities 2022: $0Net Assets 2022: $972,8552022Assets 2023: $1,108,759Liabilities 2023: $0Net Assets 2023: $1,108,7592023Assets 2024: $2,292,089Liabilities 2024: $0Net Assets 2024: $2,292,0892024

Highlighted filing

2017

Assets$191,229
Liabilities$0
Net Assets$191,229
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $4,200,003Expenses 2015: $4,142,217Net Income 2015: $57,7862015Revenue 2016: $3,597,083Expenses 2016: $3,566,086Net Income 2016: $30,9972016Revenue 2017: $6,535,265Expenses 2017: $6,482,645Net Income 2017: $52,6202017Revenue 2018: $5,428,478Expenses 2018: $5,058,656Net Income 2018: $369,8222018Revenue 2019: $4,234,973Expenses 2019: $4,298,268Net Income 2019: -$63,2952019Revenue 2020: $4,813,536Expenses 2020: $4,585,476Net Income 2020: $228,0602020Revenue 2021: $6,451,312Expenses 2021: $6,055,424Net Income 2021: $395,8882021Revenue 2022: $6,751,357Expenses 2022: $6,903,749Net Income 2022: -$152,3922022Revenue 2023: $8,144,014Expenses 2023: $8,008,110Net Income 2023: $135,9042023Revenue 2024: $14,585,917Expenses 2024: $13,402,587Net Income 2024: $1,183,3302024

Highlighted filing

2017

Revenue$6,535,265
Expenses$6,482,645
Net Income$52,620
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 24, 2018
Return Version
2017v2.3
Gross Receipts
$6,855,447
Mission and Program Overview

Mission

VSK Foundation seeks to identify and select qualified nonprofit organizaitons and equivalent projects, beginning in Asia and in particular India, in need of additional charitable assistance.

To provide benevolent and humanitarian charitable giving to qualified nonprofit organizations around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$138,609$191,229▲ $52,620
Total Assets$138,609$191,229▲ $52,620
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$138,609$191,229▲ $52,620
Total Net Assets Fund Balance$138,609$191,229▲ $52,620
Total Liabilities and Net Assets / Fund Balance$138,609$191,229▲ $52,620
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Purshotam Lal SareenPresident/Treasurer
Shikha KumarDirector
Rajiv JhaveriSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,532,750
Program Service Revenue
$0
Investment Income
$2,515
Other Revenue
$0
All Other Contributions
$6,532,750
Change in Net Assets
$52,620

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded21$377,959Fair Market Value (FMV)
Total Noncash Contributions21$377,959-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,535,265
Total Revenue per Audited Statements
$6,535,265
Total Revenue per Form 990
$6,535,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,471,125
Other Expenses$11,520
Total Fundraising Expense$1,046
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$6,471,125--$6,471,125
Fees for Services Accounting-$6,000-$6,000
Other Expenses$1,744$1,677$1,046$1,677
Office Expenses-$838-$838
Total Functional Expenses$6,472,869$8,730$1,046$6,482,645

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,482,645
Total Expenses per Audited Statements$6,482,645
Total Expenses per Form 990$6,482,645
International Activity

International Summary

Spending
$6,471,125

International Compliance

Foreign grant records maintained
Yes
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
South AsiaGrants to recipientsBenevolent Giving--$6,471,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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 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

“The organization reviews the 990 form at a board meeting prior to submitting to the IRS.”

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

“The organization enforced compliance with its conflict of interest policy by reviewing it at board meetings.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financials statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
VSK Foundation
EIN
46-3158845
Phone
2019255484
Address
153 Sussex Avenue, Newark, NJ 07103

Signing Officer

Name
Rajiv Jhaveri
Title
Secretary
Signed
2018-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Purshotam Lal Sareen
Formed
2013
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Foundation Group Inc
Address
1321 Murfreesboro Pike Ste 610, Nashville, TN 37217
Preparer
William G McRay
Phone
6153619445
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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/UnrestrictedNetAssetsGrp/EOYAmt0191229
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0153 Sussex Avenue
IRS990/USAddress/CityNm0Newark
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007103
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.vskfoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rajiv Jhaveri
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VSK Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VSKF
ReturnHeader/Filer/EIN0463158845
ReturnHeader/Filer/PhoneNum02019255484
ReturnHeader/Filer/USAddress/AddressLine1Txt0153 Sussex Avenue
ReturnHeader/Filer/USAddress/CityNm0Newark
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007103
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B8CE4D7DDE02638382EA973DA478B527BC0631BB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B8CE4D7DDE02638382EA973DA478B527BC0631BB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.10.209.165
ReturnHeader/FilingSecurityInformation/IPDt02018-10-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm019:53:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Group Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01321 Murfreesboro Pike Ste 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Nashville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037217
ReturnHeader/PreparerPersonGrp/PhoneNum06153619445
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William G McRay
ReturnHeader/ReturnTs02018-10-24T03:33:11-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$191,229
Liabilities
$0
Net assets
$191,229
Revenue
$6,535,265
Expenses
$6,482,645
Net income
$52,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$14.6$13.4$1.18
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$8.14$8.01$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$6.75$6.90$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$6.45$6.06$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$4.81$4.59$0.23
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$4.23$4.30$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$5.43$5.06$0.37
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$6.54$6.48$0.05
2016Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$3.60$3.57$0.03
2015Summary only. Only limited summary data is available for this year.$0.11$0.00$0.11$4.20$4.14$0.06