Civic Intelligence

The Nudge Foundation

990 • Fiscal year 2021 • EIN 47-4504533

Jan 01, 2021 to Dec 31, 2021 • Filed on May 14, 2022

1227 Willowdale LaneIrving, TX 75063

(214) 675-3144

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

5th percentile

0.00x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

94th percentile

75%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

97th percentile

134%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

115%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$10,952,018

Up $6,277,538 (+134%) from 2020

Net Assets

Up

$10,952,018

Up $6,295,849 (+135%) from 2020

Liabilities

Down

$0

Down $18,311 (-100%) from 2020

Revenue

Up

$8,355,752

Up $4,471,676 (+115%) from 2020

Expenses

Up

$2,078,214

Up $1,669,272 (+408%) from 2020

Net Income

Up

$6,277,538

Up $2,802,404 (+81%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2017: $279,587Liabilities 2017: $1,506Net Assets 2017: $278,0812017Assets 2018: $560,341Liabilities 2018: $3,012Net Assets 2018: $557,3292018Assets 2019: $1,184,229Liabilities 2019: $3,194Net Assets 2019: $1,181,0352019Assets 2020: $4,674,480Liabilities 2020: $18,311Net Assets 2020: $4,656,1692020Assets 2021: $10,952,018Liabilities 2021: $0Net Assets 2021: $10,952,0182021Assets 2022: $13,149,325Liabilities 2022: $108,495Net Assets 2022: $13,040,8302022Assets 2023: $15,062,820Liabilities 2023: $0Net Assets 2023: $15,062,8202023Assets 2024: $17,801,806Liabilities 2024: $0Net Assets 2024: $17,801,8062024

Highlighted filing

2021

Assets$10,952,018
Liabilities$0
Net Assets$10,952,018

Operations Trend

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

$10M$5.0M$0Revenue 2017: $239,171Expenses 2017: $9,410Net Income 2017: $229,7612017Revenue 2018: $284,914Expenses 2018: $5,666Net Income 2018: $279,2482018Revenue 2019: $785,139Expenses 2019: $161,433Net Income 2019: $623,7062019Revenue 2020: $3,884,076Expenses 2020: $408,942Net Income 2020: $3,475,1342020Revenue 2021: $8,355,752Expenses 2021: $2,078,214Net Income 2021: $6,277,5382021Revenue 2022: $4,235,702Expenses 2022: $2,099,277Net Income 2022: $2,136,4252022Revenue 2023: $6,189,514Expenses 2023: $3,774,183Net Income 2023: $2,415,3312023Revenue 2024: $5,952,380Expenses 2024: $3,215,654Net Income 2024: $2,736,7262024

Highlighted filing

2021

Revenue$8,355,752
Expenses$2,078,214
Net Income$6,277,538
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 14, 2022
Return Version
2021v4.2
Gross Receipts
$8,355,752
Mission and Program Overview

Mission

To fund foreign non profit organization which in turn provides education to underprivileged youth.

To support the mission of alleviation of poverty, to promote education and public welfare in india and raising support for awareness of such activities in the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,674,480$10,952,018▲ $6,277,538
Rtn Earn Endowment Incm Other Fnds$4,674,480$10,952,018▲ $6,277,538
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,674,480$10,952,018▲ $6,277,538
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,674,480$10,952,018▲ $6,277,538
Total Liabilities and Net Assets / Fund Balance$4,674,480$10,952,018▲ $6,277,538
Compensation and Service Providers

Board Members and Trustees

NameTitle
Atul SatijaPresident
Prashant NagrathVP&secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Amit VarshneyaMarketing And Techno761 HAWTHORNE LN, Libertyville, IL 60048$100,800
Revenue and Support

Revenue Composition

Contributions and Grants
$8,354,590
Program Service Revenue
$0
Investment Income
$916
Other Revenue
$246
All Other Contributions
$8,354,590
Change in Net Assets
$6,277,538

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,355,752
Total Revenue per Audited Statements
$8,355,752
Total Revenue per Form 990
$8,355,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,848,268
Other Expenses$229,946
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,848,268--$1,848,268
Fees for Services Management-$146,236-$146,236
All Other Expenses-$22,511-$22,511
Other Expenses-$17$0$17
Total Functional Expenses$1,848,268$229,946$0$2,078,214

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,082,778
Total Expenses per Form 990$2,078,214
Expenses per Audited Statements$2,059,903
Expenses Not Reported on Form 990$22,875
Expenses Not Reported on Financial Statements$18,311
Other Expense Adjustments$18,311
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
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
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, Line 11B - Form 990 Review Process

The form 990 is reviewed by the president,secretary and the directors.

Form 990 Part VI Line 19 - Other Organization Documents Publicly Available

Upon request the governing documents, conflict of interest policy and financials statements are made available to the public. Statements are made available to the public.

Filing and Contact Details

Filer

Filer Name
The Nudge Foundation
EIN
47-4504533
In Care Of
% ATUL SATIJA
Phone
2146753144
Address
1227 WILLOWDALE LANE, IRVING, TX 75063

Signing Officer

Name
Atul Satija
Title
President
Phone
2146753144
Signed
2022-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Atul Satija
Formed
2015
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
2
Employees
0

Preparer

Firm
Knav Pa
Address
SUITE 850 990 HAMMOND DRIVE NE, ATLANTA, GA 30328
Preparer
Shishir Lagu
Phone
6785841200
Supplemental Narrative

Financial Statement Notes

accrued expense

Accrual method is being followed for Audited Financial statement, whereas cash method is followed for Tax purposes. Accordingly the outstanding expense of $ 22,875 has not been claimed as a tax deduction.

accrued expense LY

Accrual method is being followed for Audited Financial statement, whereas cash method is followed for Tax purposes. Accordingly the PY outstanding expense of $ 18,311 has been claimed as a tax deduction.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0284914
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0239171
IRS990ScheduleA/Total509Grp/TotalAmt013547890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt08354590
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0284914
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0239171
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt013547890
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/OtherExpensesIncludedAmt022875
IRS990ScheduleD/OtherExpensesNotIncludedAmt018311
IRS990ScheduleD/RevenueSubtotalAmt08355752
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accrual method is being followed for Audited Financial statement, whereas cash method is followed for Tax purposes. Accordingly the outstanding expense of $ 22,875 has not been claimed as a tax deduction.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accrual method is being followed for Audited Financial statement, whereas cash method is followed for Tax purposes. Accordingly the PY outstanding expense of $ 18,311 has been claimed as a tax deduction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0accrued expense
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1accrued expense LY
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IRS990ScheduleF/ForeignPartnershipInd0false
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRETRANSFER
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE FUND'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES (IN THE CASE OF THE FUND, PRINCIPALLY IN INDIA) BEGIN BEFORE A GRANT IS APPROVED. PROPOSED GRANTS ARE REVIEWED BY DIRECTORS IN DIALOGUE WITH OFFICIALS OF THE RECIPIENT AND BY MEANS OF A FORMAL GRANT APPLICATION/GRANT AGREEMENT PROCESS. UNDER THE GRANT APPLICATION, SPECIFIC USES FOR THE FUNDS SOUGHT ARE DISCLOSED, AND SUCH USES ARE FURTHER RESTRICTED UNDER THE GRANT AGREEMENT. THE GRANT AGREEMENT, AMONG OTHER THINGS, ALSO REQUIRES DETAILED PERIODIC REPORTING FROM THE RECIPIENT TO THE FUND ON THE ACTUAL USE OF THE GRANT FUNDS AND OTHER RELATED MATTERS, AUTHORIZES ACCESS BY THE FUND TO THE RECIPIENT'S RELEVANT BOOKS AND RECORDS TO VERIFY COMPLIANCE WITH THE GRANT AGREEMENT. THESE PROCEDURES ARE BACKED UP BY REGULAR DIALOGUE (BY CORRESPONDENCE, TELEPHONE AND IN PERSON) BETWEEN THE FUND AND OFFICIALS OF THE RECIPIENT.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THE GRANT EXPENSES REPORTED IN PART I, LINE 3 AND PART II ARE ACCOUNTED FOR USING THE CASH METHOD OF ACCOUNTING.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I LINE 2- GRANTMAKERS EXPL. FOR MONITORING USE OF FUNDS OUTSIDE US
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3F - METHOD OF ACCOUNTING
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT,SECRETARY AND THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIALS STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VI LINE 19 - OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE
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IRS990/TotalLiabilitiesBOYAmt00
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IRS990/USAddress/AddressLine1Txt01227 WILLOWDALE LANE
IRS990/USAddress/CityNm0IRVING
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075063

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