Civic Intelligence

Maker Bhavan Foundation

990 • Fiscal year 2022 • EIN 82-2933252

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

Organization Profilemakerbhavanfoundation.org
1228 Harker AvenuePalo Alto, CA 94301

(650) 346-6300

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

10th percentile

-49%

Higher net margin than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-48%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-58%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$246,428

Down $228,847 (-48%) from 2021

Net Assets

Down

$241,858

Down $233,417 (-49%) from 2021

Liabilities

Up

$4,570

Up $4,570 from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin10th percentile

Revenue

Down

$478,917

Down $650,095 (-58%) from 2021

Expenses

Up

$712,334

Up $24,184 (+3.5%) from 2021

Net Income

Down

-$233,417

Down $674,279 (-153%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2022

Assets$246,428
Liabilities$4,570
Net Assets$241,858
Open 2022 Filing

Operations Trend

Revenue Growth9th 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

2022

Revenue$478,917
Expenses$712,334
Net Income-$233,417
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$478,917
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.

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$213,045▼ $244,974
Savings and Temporary Cash Investments$9,625$20,917▲ $11,292
Cash and Non-Interest-Bearing Accounts$7,631$10,960▲ $3,329
Land, Buildings, and Equipment, Net-$1,506-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$475,275$246,428▼ $228,847
Other Assets Total-$0-
Liabilities
Other Liabilities-$4,570-
Total Liabilities$0$4,570▲ $4,570
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$475,275$241,858▼ $233,417
Total Net Assets Fund Balance$475,275$241,858▼ $233,417
Total Liabilities and Net Assets / Fund Balance$475,275$246,428▼ $228,847

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,506$522$2,028
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Subhash TantryPresident
Bakul ShahSecretary
Paritosh ChoksiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$473,850
Program Service Revenue
$0
Investment Income
$5,067
Other Revenue
$0
All Other Contributions
$473,850
Change in Net Assets
$-233,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$624,085
Other Expenses$88,249
Total Fundraising Expense$4,715
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$530,385--$530,385
Grants to Domestic Orgs$93,700--$93,700
Travel-$22,109-$22,109
Advertising--$4,715$4,715
Office Expenses-$3,712-$3,712
Fees for Services Legal-$1,650-$1,650
Other Expenses-$954-$954
All Other Expenses-$827-$827
Depreciation Depletion-$522-$522
Total Functional Expenses$624,085$83,534$4,715$712,334
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
IIT Bombay Heritage FoundatioCupertino, CA-Creation of Classroom learning lab$75,000
iit Gandhinagar FoundationPalo Alto, CA-Ongoing Leadership program$18,700

International Summary

Spending
$530,385

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
IndiaGrantmaking-00$530,385
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Liabilities$4,570
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.”

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 Avenue, Palo Alto, CA 94301

Signing Officer

Name
Subhash Tantry
Title
President
Signed
2023-11-10
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
Weber & Company Inc
Address
2021 THE ALAMEDA STE 380, SAN JOSE, CA 95126
Preparer
Trevor Thomas
Phone
4089316201
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“OTHER PROGRAM SERVICES 4: Maker Bhavan: Our largest academic makerspace at IIT Gandhinagar saw an expansion in terms of activities including 2 new academic courses, 2 project courses conducted by facility staff with 400 attendees in total and Industry workshops attracting over 556 attendees. OTHER PROGRAM SERVICES 5: Center for Essential Skills (CES): Three new courses on improving essential cognitive skills were added to the existing courses on communication. The courses are offered free of cost at two locations,- IIT Gandhinagar and IIT Jammu. They were also offered to over 100 and two economically and financially disadvantaged STEM and Medical students conducted in partnership with Foundation for Excellence. OTHER PROGRAM SERVICES 6: Vishwakarma Award A new programme launched in 2022, Vishwakarma Award is an annual nationwide thematic challenge to encourage talented student teams to build innovative, impactful, deployable prototypes rapidly. In the first edition in 2022, 120 teams with a total of 300 plus students, from across India participated in the field of Water and Sanitation OTHER PROGRAM SERVICES 7: Leadership Development Initiative OTHER PROGRAM SERVICES 8: Centre for Healthcare Entrepreneurship set up with the objectiveof catalysing healthcare innovation to bring about affordable solutions toaddress healthcare needs of India. CfHe will spark of entrepreneurship in youthand provide them with focused hands-on education, training and top-notchmentorship.”

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt069800
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0522
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04570
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Current Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01506
IRS990ScheduleD/TotalLiabilityAmt04570
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0India
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
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IRS990ScheduleF/TotalSpentAmt0530385
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IRS990ScheduleI/RecipientTable/CashGrantAmt118700
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Creation of Classroom learning lab
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Ongoing Leadership program
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0IIT Bombay Heritage Foundatio
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1iit Gandhinagar Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0770428724
IRS990ScheduleI/RecipientTable/RecipientEIN1270721459
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt021710 Stevens Creek Boulevard
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1450 Melville Avebue
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1Palo Alto
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Maker Bhavan: Our largest academic makerspace at IIT Gandhinagar saw an expansion in terms of activities including 2 new academic courses, 2 project courses conducted by facility staff with 400 attendees in total and Industry workshops attracting over 556 attendees. OTHER PROGRAM SERVICES 5: Center for Essential Skills (CES): Three new courses on improving essential cognitive skills were added to the existing courses on communication. The courses are offered free of cost at two locations,- IIT Gandhinagar and IIT Jammu. They were also offered to over 100 and two economically and financially disadvantaged STEM and Medical students conducted in partnership with Foundation for Excellence. OTHER PROGRAM SERVICES 6: Vishwakarma Award A new programme launched in 2022, Vishwakarma Award is an annual nationwide thematic challenge to encourage talented student teams to build innovative, impactful, deployable prototypes rapidly. In the first edition in 2022, 120 teams with a total of 300 plus students, from across India participated in the field of Water and Sanitation OTHER PROGRAM SERVICES 7: Leadership Development Initiative OTHER PROGRAM SERVICES 8: Centre for Healthcare Entrepreneurship set up with the objectiveof catalysing healthcare innovation to bring about affordable solutions toaddress healthcare needs of India. CfHe will spark of entrepreneurship in youthand provide them with focused hands-on education, training and top-notchmentorship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of the Form 990 is provided to all board members to review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2These documents, as applicable, are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A Draft of the form 990 is provided to all board members to review prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4These documents, as applicable are available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 Part VI, Section B Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 Part VI, Section C, Line 19
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IRS990/TotalVolunteersCnt025
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt01228 Harker Avenue
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IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0makerbhavanfoundation.org
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Subhash Tantry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Maker Bhavan Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MAKE
ReturnHeader/Filer/EIN0822933252
ReturnHeader/Filer/PhoneNum06503466300
ReturnHeader/Filer/USAddress/AddressLine1Txt01228 Harker Avenue
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$246,428
Liabilities
$4,570
Net assets
$241,858
Revenue
$478,917
Expenses
$712,334
Net income
-$233,417
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