Civic Intelligence

Maker Bhavan Foundation

990 • Fiscal year 2023 • EIN 82-2933252

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

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

41st percentile

0.00x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

37th percentile

0.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

85th percentile

41%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

26%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$348,467

Up $102,039 (+41%) from 2022

Net Assets

Up

$346,882

Up $105,024 (+43%) from 2022

Liabilities

Down

$1,585

Down $2,985 (-65%) from 2022

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin70th percentile

Revenue

Up

$602,283

Up $123,366 (+26%) from 2022

Expenses

Down

$497,259

Down $215,075 (-30%) from 2022

Net Income

Up

$105,024

Up $338,441 (+145%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2023

Assets$348,467
Liabilities$1,585
Net Assets$346,882
Open 2023 Filing

Operations Trend

Revenue Growth69th 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

2023

Revenue$602,283
Expenses$497,259
Net Income$105,024
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$602,283
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$213,045$167,653▼ $45,392
Savings and Temporary Cash Investments$20,917$132,336▲ $111,419
Cash and Non-Interest-Bearing Accounts$10,960$42,893▲ $31,933
Land, Buildings, and Equipment, Net$1,506$3,686▲ $2,180
Prepaid Expenses and Deferred Charges-$1,898-
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-
Total Assets$246,428$348,467▲ $102,039
Other Assets Total-$1-
Liabilities
Other Liabilities$4,570$1,585▼ $2,985
Total Liabilities$4,570$1,585▼ $2,985
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$241,858$346,882▲ $105,024
Total Net Assets Fund Balance$241,858$346,882▲ $105,024
Total Liabilities and Net Assets / Fund Balance$246,428$348,467▲ $102,039

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,686$1,769$5,455
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
dr hemant KanakiaChairman
ruyintan MehtaPresident
Dr Ravi MariwalaDirector
Dr Timothy GonsalvesDirector
Pari ChoksiDirector
ajay lavakareDirector
paula mariwalaDirector
shaibal royDirector
sudarshan sarafDirector
Ashish VengsarkarSecretary
Subhash TantryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$607,648
Program Service Revenue
$0
Investment Income
$-5,365
Other Revenue
$0
All Other Contributions
$607,648
Change in Net Assets
$105,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$360,703
Other Expenses$136,556
Total Fundraising Expense$29,323
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$360,703--$360,703
Advertising--$29,323$29,323
Travel-$18,017-$18,017
Office Expenses-$3,806-$3,806
All Other Expenses-$2,448-$2,448
Depreciation Depletion-$1,247-$1,247
Other Expenses-$1,020-$1,020
Fees for Services Other-$346-$346
Fees for Services Legal-$100-$100
Total Functional Expenses$360,703$107,233$29,323$497,259
International Activity

International Summary

Spending
$360,702

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$360,702
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$1,585
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
Treasurer
Signed
2024-11-11
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: OTHER PROGRAM SERVICES 5: Centre for Essential Skills (CES): Courses on communication are conducted along with courses on improving essential cognitive skills. The courses are offered free of cost at two locations - IIT Gandhinagar and IIT Jammu. OTHER PROGRAM SERVICES 6: Vishwakarma Award, was launched in 2022, as 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. In the year 2023, 2 more tracks were added - Clean Technology and Smart Mobility. There were 115 applications received from 7 IITs, 4 NITs, 4 Universities, 18 Pvt colleges. Total of 21 teams were shortlisted for the grand finale. Two teams from each track were awarded best product design and most innovative solution titles. The total cost of this programme was USD 10,440 out of which USD 6,025 is the expenses of 2023 towards this programme. OTHER PROGRAM SERVICES 7:”

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113881
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31020
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01898
IRS990/PrincipalOfficerNm0Subhash Tantry
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IRS990/ProgSrvcAccomActy2Grp/Desc0Tinkerers Labs (TLs) - Tinkerers Labs are 24/7 student-managed academic makerspaces set up in partnership with Higher Education Institutions (HEIs) in India. In 2023, MBF supported the establishment of 2 new labs at Institute of Chemical Technology (ICT), Mumbai in Maharashtra and IIT Indore, Madhya Pradesh. In total there are 11 TLs that have been set up in India. The cost of setting up the facilities was USD 243,902 and out of which, we have disbursed USD 61,689.65 in 2023 to these 2 new TLs.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt061690
IRS990/ProgSrvcAccomActy3Grp/Desc0Learn Engineering by Activity Program (LEAP) This programme was launched in 2021 in partnership with IIT Madras to provide IIT-style, industry-oriented Project Based Learning courses to tier II & tier III engineering colleges in India. In 2023, LEAP courses were expanded by 6 colleges in the states of Tamil Nadu and Kerala with 1363 as student beneficiaries with 118 faculty trained and 41 projects worked on. The expenses towards this programme in the year 2023 was USD 45,000.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: OTHER PROGRAM SERVICES 5: Centre for Essential Skills (CES): Courses on communication are conducted along with courses on improving essential cognitive skills. The courses are offered free of cost at two locations - IIT Gandhinagar and IIT Jammu. OTHER PROGRAM SERVICES 6: Vishwakarma Award, was launched in 2022, as 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. In the year 2023, 2 more tracks were added - Clean Technology and Smart Mobility. There were 115 applications received from 7 IITs, 4 NITs, 4 Universities, 18 Pvt colleges. Total of 21 teams were shortlisted for the grand finale. Two teams from each track were awarded best product design and most innovative solution titles. The total cost of this programme was USD 10,440 out of which USD 6,025 is the expenses of 2023 towards this programme. OTHER PROGRAM SERVICES 7:
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/TotalContributionsAmt0607648
IRS990/TotalEmployeeCnt00

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$348,467
Liabilities
$1,585
Net assets
$346,882
Revenue
$602,283
Expenses
$497,259
Net income
$105,024
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