Civic Intelligence

Elite Naach Academy

990EZ • Fiscal year 2021 • EIN 47-3686996

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 25, 2023

268 Golden Hind PassageCorte Madera, CA 94925

(415) 847-6103

Siviq Scores

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

Liabilities / Assets

95th percentile

1.30x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

1.02x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Net Margin

12th percentile

-43%

Higher net margin than 12% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2021 filings • NTEE A20 • <$500k nonprofits • Source year 2021

Asset Growth

92nd percentile

304%

Faster asset growth than 92% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

134%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • NTEE A20 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

$32,806

No earlier filing loaded for comparison.

Net Assets

-$9,694

No earlier filing loaded for comparison.

Liabilities

$42,500

No earlier filing loaded for comparison.

Revenue

$41,630

No earlier filing loaded for comparison.

Expenses

$59,450

No earlier filing loaded for comparison.

Net Income

-$17,820

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2021: $32,806Liabilities 2021: $42,500Net Assets 2021: -$9,6942021

Highlighted filing

2021

Assets$32,806
Liabilities$42,500
Net Assets-$9,694

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2021: $41,630Expenses 2021: $59,450Net Income 2021: -$17,8202021

Highlighted filing

2021

Revenue$41,630
Expenses$59,450
Net Income-$17,820
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 25, 2023
Return Version
2021v4.0
Gross Receipts
$41,630
Mission and Program Overview

Mission

Provide community with a diverse and affordable dance education.

Program Services

DescriptionGrantsExpenses
Conducted 11 dance classes day after school, in studio (Fall August onwards), outdoors and on Zoom (both all year), from 3 to 8pm a few days a week. Number of students who attended the classes from January to August was 11. Number of students who attend classes August to December was 31. Primary age range 2-18yrs. Conducted 6 dance workshops in person and online on Zoom with internationally renowned artists. Number of students who attended combined was 63. Arranged various virtual workshops and fundraisers in support of mental health initiatives, covid-19 relief, and covid-19 relief in India via our Community Action Program: Step Together. Dance Studios in Corte Madera and San Francisco were rented on hourly basis. Professional zoom account used to conduct workshops and classes. In July 2021, we leased a dance studio/workshop in Greenbrae on a long-term basis.$0$59,782
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Enakshi VyasChief Executive OfficerPT$0--
Akshay VyasSecretaryPT$0--
Ashu VyasChief Financial OfficerPT$0--
Filing and Contact Details

Filer

Filer Name
Elite Naach Academy
EIN
47-3686996
Phone
4158476103
Address
268 Golden Hind Passage, Corte Madera, CA 94925

Signing Officer

Name
Ashu Vyas
Title
CFO
Phone
4158476103
Signed
2023-10-25
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Costumes;4080|Insurance;500|Marketing;1944|Media;379|Meetings;362|Office Supplies;75|Refunds;425|Step Together Expenses;304|Software and Subscriptions;1950|Studio Launch Expenses;18007|Taxes;127|Training;1035|Transportation;4234|Travel;354|Video Shoots;636^Total;34412^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Accounts Recievables;1381^Total;1381^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Loan;2500|Loan;40000^Total;42500^

Raw XML Appendix201 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.

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IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Conducted 11 dance classes day after school, in studio (Fall August onwards), outdoors and on Zoom (both all year), from 3 to 8pm a few days a week. Number of students who attended the classes from January to August was 11. Number of students who attend classes August to December was 31. Primary age range 2-18yrs. Conducted 6 dance workshops in person and online on Zoom with internationally renowned artists. Number of students who attended combined was 63. Arranged various virtual workshops and fundraisers in support of mental health initiatives, covid-19 relief, and covid-19 relief in India via our Community Action Program: Step Together. Dance Studios in Corte Madera and San Francisco were rented on hourly basis. Professional zoom account used to conduct workshops and classes. In July 2021, we leased a dance studio/workshop in Greenbrae on a long-term basis.
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IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Costumes;4080|Insurance;500|Marketing;1944|Media;379|Meetings;362|Office Supplies;75|Refunds;425|Step Together Expenses;304|Software and Subscriptions;1950|Studio Launch Expenses;18007|Taxes;127|Training;1035|Transportation;4234|Travel;354|Video Shoots;636^Total;34412^
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0The advent of Covid from 2020 put unprecedented stress on our time and activities. From the start of Covid in early 2020 till spring 2023, it has been a struggle to keep the organization functional. During the past three (covid) years, we have had unusually high turnover of volunteers. The organization relies heavily on the support of volunteers as we have no permanent employees. Unfortunately, in delegating tasks to various volunteers, it got overlooked that the volunteer/s assigned to keep current the filing status with IRS, stopped volunteering without passing information on filing process of N990 to successive people. We apologize for this oversight and assure you that such oversight will not happen again. With much appreciation in anticipation of a favorable outcome.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Ashu Vyas
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04158476103
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Elite Naach Academy
ReturnHeader/Filer/BusinessNameControlTxt0ELIT
ReturnHeader/Filer/EIN0473686996
ReturnHeader/Filer/PhoneNum04158476103
ReturnHeader/Filer/USAddress/AddressLine1Txt0268 Golden Hind Passage
ReturnHeader/Filer/USAddress/CityNm0Corte Madera
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094925
ReturnHeader/ReturnTs02023-10-26T14:00:19-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$32.8$42.5$9.69$41.6$59.5$17.8