Civic Intelligence

Maker Bhavan Foundation

990 • Fiscal year 2021 • EIN 82-2933252

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 15, 2022

Organization Profilemakerbhavanfoundation.org
1228 Harker AvePalo Alto, CA 94301

(650) 346-6300

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

81st percentile

39%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

99th percentile

1281%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

106%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$475,275

Up $440,862 (+1281%) from 2020

Net Assets

Up

$475,275

Up $440,862 (+1281%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin81st percentile

Revenue

Up

$1,129,012

Up $579,986 (+106%) from 2020

Expenses

Up

$688,150

Up $133,529 (+24%) from 2020

Net Income

Up

$440,862

Up $446,457 (+7980%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$800K$600K$400K$200K$0Assets 2017: $1Liabilities 2017: $02017Assets 2020: $34,413Liabilities 2020: $0Net Assets 2020: $34,4132020Assets 2021: $475,275Liabilities 2021: $0Net Assets 2021: $475,2752021Assets 2022: $246,428Liabilities 2022: $4,570Net Assets 2022: $241,8582022Assets 2023: $348,467Liabilities 2023: $1,585Net Assets 2023: $346,8822023Assets 2024: $639,503Liabilities 2024: $0Net Assets 2024: $639,5032024

Highlighted filing

2021

Assets$475,275
Liabilities$0
Net Assets$475,275
Open 2021 Filing

Operations Trend

Revenue Growth88th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2020: $549,026Expenses 2020: $554,621Net Income 2020: -$5,5952020Revenue 2021: $1,129,012Expenses 2021: $688,150Net Income 2021: $440,8622021Revenue 2022: $478,917Expenses 2022: $712,334Net Income 2022: -$233,4172022Revenue 2023: $602,283Expenses 2023: $497,259Net Income 2023: $105,0242023Revenue 2024: $940,846Expenses 2024: $648,225Net Income 2024: $292,6212024

Highlighted filing

2021

Revenue$1,129,012
Expenses$688,150
Net Income$440,862
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 15, 2022
Return Version
2021v4.0
Gross Receipts
$1,129,012
Mission and Program Overview

Mission

To enable STEM education in India to train students to be innovative and job-ready upon graduation. The foundation acts as a global resource for Indian engineering colleges to provide access to tools, equipment, financial resources and knowledge so that the education imparted is more relevant and responsive to the real life needs of students and society at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$458,019-
Savings and Temporary Cash Investments$22,149$9,625▼ $12,524
Cash and Non-Interest-Bearing Accounts$12,264$7,631▼ $4,633
Total Assets$34,413$475,275▲ $440,862
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,413$475,275▲ $440,862
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$34,413$475,275▲ $440,862
Total Liabilities and Net Assets / Fund Balance$34,413$475,275▲ $440,862
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Subhash TantryPresident
Bakul ShahSecretary
Paritosh ChoksiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,121,638
Program Service Revenue
$0
Investment Income
$7,374
Other Revenue
$0
All Other Contributions
$1,121,638
Change in Net Assets
$440,862

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$377,726Fair Market Value (FMV)
Total Noncash Contributions2$377,726-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$553,546
Other Expenses$134,604
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$409,964--$409,964
Grants to Domestic Orgs$143,582--$143,582
Other Expenses$109,333$0$0$109,333
Fees for Services Other$1,000$21,652$0$22,652
Fees for Services Accounting$0$1,825$0$1,825
All Other Expenses$0$525$0$525
Information Technology$0$269$0$269
Total Functional Expenses$663,879$24,271$0$688,150
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
IIT Bombay Heritage FoundationCupertino, CA501(c)(3)Creation of a Collaborative Classroom and Experiential Learning Lab at the Department of Electrical Engineering, IIT Bombay.$78,582
Iit Gandhinagar FoundationPalo Alto, CA501(c)(3)An ongoing Leadership Program to teach Soft Skill at IIT Gandhinagar.$65,000

International Summary

Offices
0
Employees
3
Spending
$409,964

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 AsiaGrantmakingGrants to universities and engineering colleges to build academic makerspaces, collaborative classrooms and labs. Work to design and develop courses and workshop competitions that inculcate 21st century skillsets, innovation and leadership skills.03$409,964
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
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
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the Form 990 is provided to all board members to review prior to filing.”

Form 990, Part VI, Section C, Line 19

“These documents, as applicable, are available upon request.”

Filing and Contact Details

Filer

Filer Name
Maker Bhavan Foundation
EIN
82-2933252
Phone
6503466300
Address
1228 Harker Ave, Palo Alto, CA 94301

Signing Officer

Name
Subhash Tantry
Title
President
Phone
6503466300
Signed
2022-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Subhash Tantry
Formed
2017
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
25

Preparer

Firm
Linda Samaniego CPA
Address
1604 Via Barrett, San Lorenzo, CA 94580
Preparer
Linda Samaniego
Phone
5103037651
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IRS990/MissionDesc0To enable STEM education in India to train students to be innovative and job-ready upon graduation. The foundation acts as a global resource for Indian engineering colleges to provide access to tools, equipment, financial resources and knowledge so that the education imparted is more relevant and responsive to the real life needs of students and society at large.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Learning Engineering Through Activity (LEAP) is set up with the aim to help tier-2 engineering institutions across India evolve their own project-based learning programs.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Grant to Gyanoday Foundation to support STEM education of school going children in economically underserved communities in India.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc4Invention Factory - ongoing program to support a six week intensive summer workshop in India.
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt03
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0409964
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Grants to universities and engineering colleges to build academic makerspaces, collaborative classrooms and labs. Work to design and develop courses and workshop competitions that inculcate 21st century skillsets, innovation and leadership skills.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt025000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1250000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt282504
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt352460
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0n/a
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt1n/a
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt2n/a
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt3n/a
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt10
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt20
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt30
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Grant to the Gyanoday Foundation, India, to support STEM education for children in economically underserved communities.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1New Initiative Centre for Health Care Entrepreneurship set up with the objective of catalysing healthcare innovation to bring about affordable solutions to address healthcare needs of India. CfHe will spark of entrepreneurship in youth and provide them with focused hands-on education, training and top-notch mentorship.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2New Program-Learning Engineering Through Activity (LEAP) set up with aim to help tier 2 engineering institutions across India evolve their own project-based learning programs.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Set up Tinkerers' Lab at IIT Jammu, Jammu & Kashmir, India. This is an ongoing program where we set up academic makerspaces in HEIs in India
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0n/a
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1n/a
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc2n/a
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc3n/a
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt01) Monthly calls with implementation teams in grantee institutions to ensure implementation of Foundation process and best practice guidelines. 2) Quarterly review meetings with grantees to assess progress on milestones so that timelines and deliverables are met as per prescribed project plan at the time of signing of Memorandum of Understanding. 3) Physical visits to all site locations biannually. 4) Annual review meetings with all stakeholders at each grantee institution (with external evaluators). 5) Annual Impact Report with detailed fund utilization report for each program and all grantee institutions. 6)Quarterly Internal reviews meetings with Trustees to assess progress and evaluate all funded programs.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 2
IRS990ScheduleF/Total501c3OrgCnt04
IRS990ScheduleF/TotalEmployeeCnt03
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0409964
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt078582
IRS990ScheduleI/RecipientTable/CashGrantAmt165000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0n/a
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1n/a
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Creation of a Collaborative Classroom and Experiential Learning Lab at the Department of Electrical Engineering, IIT Bombay.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1An ongoing Leadership Program to teach Soft Skill at IIT Gandhinagar.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0IIT Bombay Heritage Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1IIT GANDHINAGAR FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0770428724
IRS990ScheduleI/RecipientTable/RecipientEIN1270721459
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt021710 Stevens Creek Blvd Ste 115
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1450 Melville Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Cupertino
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Palo Alto
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd095014
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd194301
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0n/a
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1n/a
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt01) Monthly calls with implementation teams in grantee institutions to ensure implementation of Foundation process and best practice guidelines. 2) Quarterly review meetings with grantees to assess progress on milestones so that timelines and deliverables are met as per prescribed project plan at the time of signing of Memorandum of Understanding. 3) Physical visits to all site locations biannually. 4) Annual review meetings with all stakeholders at each grantee institution (with external evaluators). 5) Annual Impact Report with detailed fund utilization report for each program and all grantee institutions. 6)Quarterly Internal reviews meetings with Trustees to assess progress and evaluate all funded programs.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt0143582
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0377726
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft of the Form 990 is provided to all board members to review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1These documents, as applicable, are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt034413
IRS990/TotalAssetsEOYAmt0475275
IRS990/TotalAssetsGrp/BOYAmt034413
IRS990/TotalAssetsGrp/EOYAmt0475275

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$475,275
Liabilities
$0
Net assets
$475,275
Revenue
$1,129,012
Expenses
$688,150
Net income
$440,862
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.94$0.65$0.29
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.60$0.50$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.24$0.48$0.71$0.23
2021Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$1.13$0.69$0.44
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.55$0.55$0.01
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00