Civic Intelligence

The Lily Foundation of America Inc

EIN 75-2900313 • 501(c)3 • Dallas, TX

Profile

The main purpose is to provide education grants assistance to poor students

P O Box 59824Dallas, TX 75229
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

34th percentile

-3.1%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$623,313

Up $50,399 (+8.8%) from 2023

Liabilities

Down

$0

Down $13,000 (-100%) from 2023

Net Assets

Up

$623,313

Up $63,399 (+11%) from 2023

Revenue

Down

$298,335

Down $9,435 (-3.1%) from 2023

Expenses

Down

$234,936

Down $50,090 (-18%) from 2023

Net Income

Up

$63,399

Up $40,655 (+179%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $118,895Liabilities 2011: $02011Assets 2012: $116,039Liabilities 2012: $02012Assets 2013: $148,417Liabilities 2013: $02013Assets 2014: $106,814Liabilities 2014: $27,0002014Assets 2015: $100,348Liabilities 2015: $02015Assets 2016: $141,783Liabilities 2016: $02016Assets 2017: $162,130Liabilities 2017: $02017Assets 2018: $336,560Liabilities 2018: $507Net Assets 2018: $336,0532018Assets 2019: $366,552Liabilities 2019: $0Net Assets 2019: $366,5522019Assets 2020: $349,305Liabilities 2020: $0Net Assets 2020: $349,3052020Assets 2021: $400,549Liabilities 2021: $5,636Net Assets 2021: $394,9132021Assets 2022: $537,170Liabilities 2022: $0Net Assets 2022: $537,1702022Assets 2023: $572,914Liabilities 2023: $13,000Net Assets 2023: $559,9142023Assets 2024: $623,313Liabilities 2024: $0Net Assets 2024: $623,3132024

Highlighted filing

2024

Assets$623,313
Liabilities$0
Net Assets$623,313

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $43,812Expenses 2011: $58,688Net Income 2011: -$14,8762011Revenue 2012: $63,251Expenses 2012: $66,117Net Income 2012: -$2,8662012Revenue 2013: $89,122Expenses 2013: $56,744Net Income 2013: $32,3782013Revenue 2014: $126,814Expenses 2014: $168,417Net Income 2014: -$41,6032014Revenue 2015: $132,083Expenses 2015: $111,549Net Income 2015: $20,5342015Revenue 2016: $156,016Expenses 2016: $114,581Net Income 2016: $41,4352016Revenue 2017: $151,607Expenses 2017: $131,260Net Income 2017: $20,3472017Revenue 2018: $329,311Expenses 2018: $155,388Net Income 2018: $173,9232018Revenue 2019: $301,508Expenses 2019: $271,009Net Income 2019: $30,4992019Revenue 2020: $211,734Expenses 2020: $228,981Net Income 2020: -$17,2472020Revenue 2021: $427,069Expenses 2021: $381,461Net Income 2021: $45,6082021Revenue 2022: $461,406Expenses 2022: $319,149Net Income 2022: $142,2572022Revenue 2023: $307,770Expenses 2023: $285,026Net Income 2023: $22,7442023Revenue 2024: $298,335Expenses 2024: $234,936Net Income 2024: $63,3992024

Highlighted filing

2024

Revenue$298,335
Expenses$234,936
Net Income$63,399

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$0.00$6.23$2.98$2.35$0.63
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.73$0.13$5.60$3.08$2.85$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.00$5.37$4.61$3.19$1.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.06$3.95$4.27$3.81$0.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.49$0.00$3.49$2.12$2.29$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$0.00$3.67$3.02$2.71$0.30
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.01$3.36$3.29$1.55$1.74
2017Summary only. Only limited summary data is available for this year.$1.62$0.00$1.52$1.31$0.20
2016Summary only. Only limited summary data is available for this year.$1.42$0.00$1.56$1.15$0.41
2015Summary only. Only limited summary data is available for this year.$1.00$0.00$1.32$1.12$0.21
2014Summary only. Only limited summary data is available for this year.$1.07$0.27$1.27$1.68$0.42
2013Summary only. Only limited summary data is available for this year.$1.48$0.00$0.89$0.57$0.32
2012Summary only. Only limited summary data is available for this year.$1.16$0.00$0.63$0.66$0.03
2011Summary only. Only limited summary data is available for this year.$1.19$0.00$0.44$0.59$0.15
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 27, 2023
Return Version
2022v5.0
Gross Receipts
$461,406
Mission and Program Overview

Mission

The main purpose is to provide education grants assistance to poor students

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$394,913$537,170▲ $142,257
Cash and Non-Interest-Bearing Accounts$400,549$492,178▲ $91,629
Investments in Publicly Traded Securities-$44,992-
Total Assets$400,549$537,170▲ $136,621
Liabilities
Accounts Payable and Accrued Expenses$5,636--
Total Liabilities$5,636$0▼ $5,636
Net Assets / Fund Balance
Total Net Assets Fund Balance$394,913$537,170▲ $142,257
Total Liabilities and Net Assets / Fund Balance$400,549$537,170▲ $136,621
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$459,837
Program Service Revenue
$0
Investment Income
$1,569
Other Revenue
$0
All Other Contributions
$458,940
Change in Net Assets
$142,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$285,486
Other Expenses$33,663
Total Fundraising Expense$30,555
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$274,850--$274,850
Fees for Services Other--$30,555$30,555
Grants to Domestic Orgs$10,450--$10,450
Information Technology$1,969--$1,969
Advertising$313--$313
Grants to Domestic Individuals$186--$186
Other Expenses$90--$90
Total Functional Expenses$288,594$0$30,555$319,149
International Activity

International Summary

Offices
2
Spending
$274,850

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 AsiaGrant makingEducation Grants1-$149,850
South AsiaGrant makingEducation Grants1-$125,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Rohit mukherjee is nephew of amal mukherjee. Jay sarkar is the son of jogeswari prasad sarkar

Governing body decisions Part VI line 7B

There are 7 officers in this entity. Before making any important decision. Board members will hold a meeting to discuss any potential project. After the discussion members will have the chance to vote on the project and the decision will be made based on majority votes.

Form 990 governing body review Part VI line 11

A complete copy of this tax return was provided to the governing board and they approved it to be filed.

CEO executive director top management comp Part VI line 15A

There is no wages or compensations provided to any officer, director, or top management at this point. This organization has no intention to provide any salaries to its officer or top management any time in the near future. In case any thing changes in this regards,the board of directors should review and approve any wages or compensation.

Other officer or key employee compensation Part VI line 15B

There is no wages or salaries provided to employees or officers. The organization has no intention provide any compensations in near future. If anything changes in this regard,compensation needs to be reviewed by board of directors to ensure its reasonable and related to the average market standards.

Governing documents etc available to public Part VI line 19

All books and records are available upon request. Some of the general inforamtion is also available on our website

Filing and Contact Details

Filer

Filer Name
The Lily Foundation of America Inc
EIN
75-2900313
Address
P O BOX 59824, DALLAS, TX 75229

Signing Officer

Name
Basab Chaterjee
Title
President
Phone
2142151567
Signed
2023-01-27
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
3

Preparer

Firm
Sg Inc CPA
Address
555 REPUBLIC DR STE 500, Plano, TX 75094
Preparer
Shweta Garg
Phone
2143156392
Supplemental Narrative

Additional Explanations

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

Office stationery & supplies-$113general postage- $232bank charges- $391credit & collection cost- $90

Raw XML AppendixShowing 400 of 416 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.

Path#Value
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0164105
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0187311
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01037624
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0335798
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0209687
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0298628
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0327954
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01631902
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct00.36420
IRS990ScheduleA/PublicSupportPY509Pct01.00000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0359128
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0174160
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0152920
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0164105
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0187311
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01037624
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0335798
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0298628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0327954
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01631902
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0125000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1149850
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EDUCATION GRANTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1EDUCATION GRANTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grant making
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Grant making
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IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0125000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1149850
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0EDUCATION GRANTS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1EDUCATION GRANTS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1South Asia
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
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IRS990ScheduleF/TotalOfficeCnt02
IRS990ScheduleF/TotalSpentAmt0274850
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROHIT MUKHERJEE IS NEPHEW OF AMAL MUKHERJEE. JAY SARKAR IS THE SON OF JOGESWARI PRASAD SARKAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE 7 OFFICERS IN THIS ENTITY. BEFORE MAKING ANY IMPORTANT DECISION. BOARD MEMBERS WILL HOLD A MEETING TO DISCUSS ANY POTENTIAL PROJECT. AFTER THE DISCUSSION MEMBERS WILL HAVE THE CHANCE TO VOTE ON THE PROJECT AND THE DECISION WILL BE MADE BASED ON MAJORITY VOTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPLETE COPY OF THIS TAX RETURN WAS PROVIDED TO THE GOVERNING BOARD AND THEY APPROVED IT TO BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS NO WAGES OR COMPENSATIONS PROVIDED TO ANY OFFICER, DIRECTOR, OR TOP MANAGEMENT AT THIS POINT. THIS ORGANIZATION HAS NO INTENTION TO PROVIDE ANY SALARIES TO ITS OFFICER OR TOP MANAGEMENT ANY TIME IN THE NEAR FUTURE. IN CASE ANY THING CHANGES IN THIS REGARDS,THE BOARD OF DIRECTORS SHOULD REVIEW AND APPROVE ANY WAGES OR COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE IS NO WAGES OR SALARIES PROVIDED TO EMPLOYEES OR OFFICERS. THE ORGANIZATION HAS NO INTENTION PROVIDE ANY COMPENSATIONS IN NEAR FUTURE. IF ANYTHING CHANGES IN THIS REGARD,COMPENSATION NEEDS TO BE REVIEWED BY BOARD OF DIRECTORS TO ENSURE ITS REASONABLE AND RELATED TO THE AVERAGE MARKET STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOOKS AND RECORDS ARE AVAILABLE UPON REQUEST. SOME OF THE GENERAL INFORAMTION IS ALSO AVAILABLE ON OUR WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICE STATIONERY & SUPPLIES-$113GENERAL POSTAGE- $232BANK CHARGES- $391CREDIT & COLLECTION COST- $90
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0537170
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IRS990/TotalContributionsAmt0459837
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030555
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0288594
IRS990/TotalFunctionalExpensesGrp/TotalAmt0319149
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05636
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0537170
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0288594
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01569
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0461406
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0400549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0537170
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BASAB CHATERJEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02142151567
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LILY FOUNDATION OF AMERICA INC
ReturnHeader/Filer/BusinessNameControlTxt0LILY
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ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 59824
ReturnHeader/Filer/USAddress/CityNm0DALLAS
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