Civic Intelligence

Wasti Foundation Inc.

990 • Fiscal year 2020 • EIN 81-1344370

Jan 01, 2020 to Dec 31, 2020 • Filed on May 11, 2021

Organization Profile
2417 Ocean ParkwayBrooklyn, NY 11235

(646) 361-4409

Siviq Scores

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

Liabilities / Assets

68th percentile

0.00x

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

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.00x

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

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Net Margin

96th percentile

92%

Higher net margin than 96% of similar nonprofits.

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2020 filings • NTEE Q33 • <$500k nonprofits • Source year 2020

Asset Growth

72nd percentile

46%

Faster asset growth than 72% of similar nonprofits.

2020 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

10%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$32,326

Up $10,116 (+46%) from 2019

Net Assets

Up

$32,326

Up $10,116 (+46%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin96th percentile

Revenue

Up

$11,000

Up $1,000 (+10%) from 2019

Expenses

Down

$884

Down $1,776 (-67%) from 2019

Net Income

Up

$10,116

Up $2,776 (+38%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$150K$100K$50K$0Assets 2017: $18,680Liabilities 2017: $0Net Assets 2017: $18,6802017Assets 2018: $14,870Liabilities 2018: $0Net Assets 2018: $14,8702018Assets 2019: $22,210Liabilities 2019: $0Net Assets 2019: $22,2102019Assets 2020: $32,326Liabilities 2020: $0Net Assets 2020: $32,3262020Assets 2021: $22,166Liabilities 2021: $0Net Assets 2021: $22,1662021Assets 2022: $10,469Liabilities 2022: $0Net Assets 2022: $10,4692022Assets 2023: $13,469Liabilities 2023: $0Net Assets 2023: $13,4692023Assets 2024: $101,729Liabilities 2024: $0Net Assets 2024: $101,7292024

Highlighted filing

2020

Assets$32,326
Liabilities$0
Net Assets$32,326
Open 2020 Filing

Operations Trend

Revenue Growth69th percentile

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

$100K$50K$0-$50KRevenue 2017: $0Expenses 2017: $7,330Net Income 2017: -$7,3302017Revenue 2018: $10,000Expenses 2018: $13,810Net Income 2018: -$3,8102018Revenue 2019: $10,000Expenses 2019: $2,660Net Income 2019: $7,3402019Revenue 2020: $11,000Expenses 2020: $884Net Income 2020: $10,1162020Revenue 2021: $0Expenses 2021: $10,160Net Income 2021: -$10,1602021Revenue 2022: $0Expenses 2022: $11,697Net Income 2022: -$11,6972022Revenue 2023: $10,000Expenses 2023: $7,000Net Income 2023: $3,0002023Revenue 2024: $100,000Expenses 2024: $11,740Net Income 2024: $88,2602024

Highlighted filing

2020

Revenue$11,000
Expenses$884
Net Income$10,116
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 11, 2021
Return Version
2020v4.1
Gross Receipts
$11,000
Mission and Program Overview

Mission

Medical and social assistance to needy people

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,210$32,326▲ $10,116
Rtn Earn Endowment Incm Other Fnds$22,210$32,326▲ $10,116
Total Assets$22,210$32,326▲ $10,116
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,210$32,326▲ $10,116
Total Net Assets Fund Balance$22,210$32,326▲ $10,116
Total Liabilities and Net Assets / Fund Balance$22,210$32,326▲ $10,116
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Azra WastiPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$11,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$10,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$500
Other Expenses$384
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants---$500
Other Expenses---$24
Total Functional Expenses$0$0$0$884
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
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Wasti Foundation Inc
EIN
81-1344370
Phone
6463614409
Address
2417 OCEAN PARKWAY, BROOKLYN, NY 11235

Signing Officer

Name
Azra T Wasti
Title
President
Signed
2021-05-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Azra T Wasti
Formed
2000
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Fastprotax Services
Address
837 Avenue Z, Brooklyn, NY 11235
Preparer
Muhammad a Usman
Phone
7183324448
Supplemental Narrative

Additional Explanations

Form 990, Part I, Section 1, Line 1

“Medical and social assistance to needy people”

Raw XML Appendix247 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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IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0AZRA WASTI
IRS990/BooksInCareOfDetail/PhoneNum06463614409
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02417 OCEAN PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/CYGrantsAndSimilarPaidAmt0500
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0384
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt010116
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0884
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011000
IRS990/DecisionsSubjectToApprovaInd0false
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IRS990/DepreciationDepletionGrp/TotalAmt00
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IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt0500
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt0010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0010.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0AZRA WASTI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GovernmentGrantsAmt01000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt011000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt022210
IRS990/NetAssetsOrFundBalancesEOYAmt032326
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt022210
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt032326
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1printing
IRS990/OtherExpensesGrp/TotalAmt0360
IRS990/OtherExpensesGrp/TotalAmt124
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0AZRA T WASTI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt010000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02300
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0360
IRS990/PYRevenuesLessExpensesAmt07340
IRS990/PYTotalExpensesAmt02660
IRS990/PYTotalRevenueAmt010000
IRS990/ReconcilationRevenueExpnssAmt010116
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt022210
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt032326
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt030000
IRS990ScheduleA/PublicSupportCY170Pct01.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt030000
IRS990ScheduleA/TotalSupportAmt030000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Section 1, Line 1
IRS990/SchoolOperatingInd0false
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IRS990/TotalAssetsGrp/BOYAmt022210
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IRS990/TotalGrossUBIAmt00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-11
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ReturnHeader/Filer/EIN0811344370
ReturnHeader/Filer/PhoneNum06463614409
ReturnHeader/Filer/USAddress/AddressLine1Txt02417 OCEAN PARKWAY
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011235
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0837 Avenue Z
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brooklyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011235
ReturnHeader/PreparerPersonGrp/PhoneNum07183324448
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MUHAMMAD A USMAN
ReturnHeader/ReturnTs02021-05-11T02:33:38-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AZRA T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WASTI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,326
Liabilities
$0
Net assets
$32,326
Revenue
$11,000
Expenses
$884
Net income
$10,116
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$1.00$0.12$0.88
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.10$0.07$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.00$0.12$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.00$0.10$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.11$0.01$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.10$0.03$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.10$0.14$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$0.00$0.07$0.07