Civic Intelligence

Myaswan Inc.

990 • Fiscal year 2022 • EIN 46-5318614

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 24, 2023

1448 Twelve Oaks CourtAlamo, CA 94507

(415) 495-1064

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.00x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

9th percentile

-17%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

51st percentile

5.3%

Faster revenue growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,138,831

Down $1,045,649 (-17%) from 2021

Net Assets

Down

$5,138,831

Down $1,045,649 (-17%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$4,494,785

Up $228,188 (+5.3%) from 2021

Expenses

Up

$5,669,122

Up $4,441,881 (+362%) from 2021

Net Income

Down

-$1,174,337

Down $4,213,693 (-139%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2015: $102,862Liabilities 2015: $0Net Assets 2015: $102,8622015Assets 2016: $261,213Liabilities 2016: $0Net Assets 2016: $261,2132016Assets 2017: $526,460Liabilities 2017: $0Net Assets 2017: $526,4602017Assets 2018: $955,839Liabilities 2018: $0Net Assets 2018: $955,8392018Assets 2019: $1,964,885Liabilities 2019: $0Net Assets 2019: $1,964,8852019Assets 2020: $3,219,785Liabilities 2020: $74,661Net Assets 2020: $3,145,1242020Assets 2021: $6,184,480Liabilities 2021: $0Net Assets 2021: $6,184,4802021Assets 2022: $5,138,831Liabilities 2022: $0Net Assets 2022: $5,138,8312022Assets 2023: $6,673,752Liabilities 2023: $40,000Net Assets 2023: $6,633,7522023Assets 2024: $8,322,217Liabilities 2024: $1,355Net Assets 2024: $8,320,8622024

Highlighted filing

2022

Assets$5,138,831
Liabilities$0
Net Assets$5,138,831

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $105,554Expenses 2015: $2,692Net Income 2015: $102,8622015Revenue 2016: $241,213Expenses 2016: $82,862Net Income 2016: $158,3512016Revenue 2017: $556,715Expenses 2017: $291,468Net Income 2017: $265,2472017Revenue 2018: $667,830Expenses 2018: $238,451Net Income 2018: $429,3792018Revenue 2019: $1,530,318Expenses 2019: $521,272Net Income 2019: $1,009,0462019Revenue 2020: $2,306,290Expenses 2020: $1,116,366Net Income 2020: $1,189,9242020Revenue 2021: $4,266,597Expenses 2021: $1,227,241Net Income 2021: $3,039,3562021Revenue 2022: $4,494,785Expenses 2022: $5,669,122Net Income 2022: -$1,174,3372022Revenue 2023: $4,367,873Expenses 2023: $2,918,053Net Income 2023: $1,449,8202023Revenue 2024: $4,117,416Expenses 2024: $2,430,599Net Income 2024: $1,686,8172024

Highlighted filing

2022

Revenue$4,494,785
Expenses$5,669,122
Net Income-$1,174,337
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 24, 2023
Return Version
2022v5.0
Gross Receipts
$4,494,785
Mission and Program Overview

Mission

MyAswan is a corporation specifically dedicated to developing funding for teh Aswan Heart Center, enabling it to continue its mission of offering free, state-of-the-art medical service to patients in need, especially the underprivileged and those in vulnerable age groups.

MyAswan is a corporation primarily dedicated to developing funding for the Aswan Heart Centre, enabling it to continue its mission of offering free, state-of-the-art medical service to patients in need, especially the underprivileged and those in vulnerable age groups.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$6,184,480$5,138,831▼ $1,045,649
Savings and Temporary Cash Investments$4,257,960$3,275,782▼ $982,178
Cash and Non-Interest-Bearing Accounts$1,926,520$1,760,100▼ $166,420
Land, Buildings, and Equipment, Net-$102,949-
Total Assets$6,184,480$5,138,831▼ $1,045,649
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,184,480$5,138,831▼ $1,045,649
Total Liabilities and Net Assets / Fund Balance$6,184,480$5,138,831▼ $1,045,649

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$102,949$77,211-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,486,442
Program Service Revenue
$0
Investment Income
$8,343
Other Revenue
$0
All Other Contributions
$4,486,442
Change in Net Assets
$-1,174,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,494,785
Total Revenue per Audited Statements
$4,494,785
Total Revenue per Form 990
$4,494,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,804,102
Other Expenses$521,552
Total Fundraising Expense$374,190
Salaries, Compensation, and Employee Benefits$343,468
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$4,804,102--$4,804,102
Other Salaries and Wages$160,000$40,000$119,992$319,992
Fees for Services Other--$164,889$164,889
Office Expenses$65,766$19,858$13,239$98,863
Advertising$90,366--$90,366
All Other Expenses-$62,748-$62,748
Conferences and Meetings-$117$58,463$58,580
Depreciation Depletion-$25,737-$25,737
Payroll Taxes$5,869-$17,607$23,476
Fees for Services Accounting-$5,894-$5,894
Information Technology-$5,383-$5,383
Insurance-$2,132-$2,132
Other Expenses-$2,097-$2,097
Total Functional Expenses$5,126,103$168,829$374,190$5,669,122

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,669,122
Total Expenses per Audited Statements$5,669,122
Total Expenses per Form 990$5,669,122
International Activity

International Compliance

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
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
PPP Loan-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

The Secretary, Treasurer and President of the Board review the 990 and approve it for filing.

Conflict of interest policy compliance Part VI line 12C

Board members must disclose any conflicts of interest

CEO executive director top management comp Part VI line 15A

Documents are available to the public upon request from the Board secretary. Contract are in place and reviewed.

Other officer or key employee compensation Part VI line 15B

Documents are available to the public upon request from the Board secretary. Board compensation is determined by Board vote

Governing documents etc available to public Part VI line 19

Documents are available to the public upon request from the Board secretary.

Filing and Contact Details

Filer

Filer Name
Myaswan Inc
EIN
46-5318614
Address
1448 Twelve Oaks Court, Alamo, CA 94507
Doing Business As
Magdi Yacoub Global Heart Fdn

Signing Officer

Name
Hani Findakly
Title
Treasurer
Phone
4154951064
Signed
2023-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Madgy Ishak
Formed
2014
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
4

Preparer

Firm
Green Oak Financial Services LLC
Address
20 Marine Road, Milton, MA 02186
Preparer
Catherine A Finn CPA
Phone
6176156486
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Contractor services are made up of various fundraising efforts.

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IRS990/Desc02022 was the eighth year operating and raising funds to support the endowment. We achieved significant growth in fundraising. The endowments proceeds will be used to give grants to charities and causes of the Magdi Yacoub mission, including assistance with building the Magdi Yacoub Global Cairo Heart Center. MyAswan gave $4,862,522 in grants in 2022.
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Madgy Ishak
IRS990/PriorPeriodAdjustmentsAmt0128688
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04266280
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0444968
IRS990/PYInvestmentIncomeAmt0317
IRS990/PYOtherExpensesAmt0439227
IRS990/PYRevenuesLessExpensesAmt03039356
IRS990/PYSalariesCompEmpBnftPaidAmt0343046
IRS990/PYTotalExpensesAmt01227241
IRS990/PYTotalRevenueAmt04266597
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1174337
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06184480
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05138831
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04257960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03275782
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt04486442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04266280
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02291339
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01517123
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0667830
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt013229014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08342
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0317
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014952
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013195
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036806
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08342
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0317
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014952
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013195
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036806
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99720
IRS990ScheduleA/PublicSupportPY509Pct00.99690
IRS990ScheduleA/PublicSupportTotal509Amt013229014
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04486442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04266280
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02291339
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01517123
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0667830
IRS990ScheduleA/Total509Grp/TotalAmt013229014
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04494784
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04266597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02306291
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01530318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0667830
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt013265820
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt05669122
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0102949
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt077211
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0180160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP Loan
IRS990ScheduleD/RevenueSubtotalAmt04494785
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0102949
IRS990ScheduleD/TotalExpensesPerForm990Amt05669122
IRS990ScheduleD/TotalRevenuePerForm990Amt04494785
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04494785
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05669122
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt03943446
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0medical equipment
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0wire transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt0919076
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0To aid in building the Cairo Heart Cente
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Europe including Iceland and Greenland
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0Estimated value
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Secretary, Treasurer and President of the Board review the 990 and approve it for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members must disclose any conflicts of interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available to the public upon request from the Board secretary. Contract are in place and reviewed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available to the public upon request from the Board secretary. Board compensation is determined by Board vote
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Documents are available to the public upon request from the Board secretary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Contractor services are made up of various fundraising efforts.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06184480
IRS990/TotalAssetsEOYAmt05138831
IRS990/TotalAssetsGrp/BOYAmt06184480
IRS990/TotalAssetsGrp/EOYAmt05138831
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04486442
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0374190
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168829
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05126103
IRS990/TotalFunctionalExpensesGrp/TotalAmt05669122
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06184480
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05138831
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05126103
IRS990/TotalReportableCompFromOrgAmt00

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