Civic Intelligence

Shubham Foundation

990 • Fiscal year 2023 • EIN 82-3415759

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

14937 Begonia DrFrisco, TX 75035

(214) 868-7538

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

Up

$18,402

Up $18,402 from 2017

Net Assets

Up

$18,402

Up $18,727 (+5762%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$68,612

Up $68,612 from 2017

Expenses

Up

$50,298

Up $49,973 (+15376%) from 2017

Net Income

Up

$18,314

Up $18,639 (+5735%) from 2017

Historical Trend

Balance Sheet Trend

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

$20K$10K$0-$10K-$20KAssets 2017: $0Liabilities 2017: $0Net Assets 2017: -$3252017Assets 2023: $18,402Liabilities 2023: $0Net Assets 2023: $18,4022023Assets 2024: $0Net Assets 2024: -$14,0362024

Highlighted filing

2023

Assets$18,402
Liabilities$0
Net Assets$18,402

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2017: $0Expenses 2017: $325Net Income 2017: -$3252017Revenue 2023: $68,612Expenses 2023: $50,298Net Income 2023: $18,3142023Revenue 2024: $115,928Expenses 2024: $129,964Net Income 2024: -$14,0362024

Highlighted filing

2023

Revenue$68,612
Expenses$50,298
Net Income$18,314
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$68,612
Mission and Program Overview

Mission

To organize events aimed at encouraging the culture and values of Hinduism; Organizing music and dance concerts, discourses, debates and events

To support education based organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$18,402-
Rtn Earn Endowment Incm Other Fnds-$18,402-
Total Assets$0$18,402▲ $18,402
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$18,402▲ $18,402
Total Liabilities and Net Assets / Fund Balance$0$18,402▲ $18,402
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gopal PonangiDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$68,612
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$18,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$25,583-$25,583
Occupancy-$8,423-$8,423
Other Expenses-$2,501-$2,501
Fees for Services Legal$1,075--$1,075
Insurance-$175-$175
Total Functional Expenses$1,075$49,223$0$50,298
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The form 990 and related forms/schedules are reviewed by the governing body before filing with irs.

Governing documents etc available to public Part VI line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Shubham Foundation
EIN
82-3415759
Address
14937 BEGONIA DR, FRISCO, TX 75035

Signing Officer

Name
Gopal Ponangi
Title
Director
Phone
2148687538
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gopal Ponangi
Formed
2017
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
0
Employees
5

Preparer

Firm
Global Value Add Inc Mytaxfiler
Address
4512 LEGACY DR UNIT 100, Plano, TX 75024
Preparer
Rajiv Kaniyar Venkatesh
Phone
8884820279
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

UNRESTRICTED NET ASSETS

List of other expenses Part IX line 24E

Bank charges- 126.37donation expense- 10,000.00food expense- 858.38printing expense- 514.01event expense - other- 10,800.00

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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