Civic Intelligence

Advancing Science Worldwide Inc

EIN 82-5323815 • 501(c)3 • Gilbert, AZ

Profile

The primary exempt purpose of Advancing Science Worldwide Inc is to increase access to research information and knowledge of science in all nations. The organization works to further this purpose by providing to those in need books, journals, facilities, equipment, and other materials that serve a great use in scientific fields among all ages and skill levels.

4955 S Quiet WayGilbert, AZ 85298

asw.charity

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

81st percentile

31%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

1.1%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$5,527

Up $1,318 (+31%) from 2020

Liabilities

Down

$0

Down $222 (-100%) from 2020

Net Assets

Up

$5,527

Up $1,540 (+39%) from 2020

Revenue

Up

$9,603

Up $105 (+1.1%) from 2020

Expenses

Down

$8,063

Down $816 (-9.2%) from 2020

Net Income

Up

$1,540

Up $921 (+149%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0K$4.0K$2.0K$0Assets 2019: $5,193Liabilities 2019: $1,825Net Assets 2019: $3,3682019Assets 2020: $4,209Liabilities 2020: $222Net Assets 2020: $3,9872020Assets 2021: $5,527Liabilities 2021: $0Net Assets 2021: $5,5272021

Highlighted filing

2021

Assets$5,527
Liabilities$0
Net Assets$5,527

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0Revenue 2019: $14,288Expenses 2019: $10,574Net Income 2019: $3,7142019Revenue 2020: $9,498Expenses 2020: $8,879Net Income 2020: $6192020Revenue 2021: $9,603Expenses 2021: $8,063Net Income 2021: $1,5402021

Highlighted filing

2021

Revenue$9,603
Expenses$8,063
Net Income$1,540

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Jun 15, 2021
Return Version
2020v4.0
Gross Receipts
$9,603
Mission and Program Overview

Mission

The primary exempt purpose of Advancing Science Worldwide Inc is to increase access to research information and knowledge of science in all nations. The organization works to further this purpose by providing to those in need books, journals, facilities, equipment, and other materials that serve a great use in scientific fields among all ages and skill levels.

Program Services

DescriptionGrantsExpenses
$5000 was granted to Advanced Virtual Education Centre (AVEC), a community based organization in Masaka, Uganda. AVEC's purposes include developing, training, and offering services that foster interactive ICT knowledge and skills. AVEC works with Mugembo Village, a suburb of Masaka, as a target community. Mugembo Village has suffered with inadequate water supply by National Water and Sewerage Corporation, the leading supplier of piped water in Uganda. During drought seasons, areas with piped water receive inadequate water. As a result, Mugembo Village residents are living in a situation of water scarcity since many are tenants who are unable to have facilities for storing water for a long period. This has caused homes to rely on water collected from wells which are a distance of about 2-3 km away from their homes and likely to have contaminated water. Water collection is mainly done by children and women and this has greatly hampered development. Children do not attend schools well since some of the time is devoted to collecting water. The granted funds will be used by AVEC to construct an underground water tank with a 60,000 liter capacity for Mugembo Village. In 2019, AVEC successfully constructed a similar 60,000 liter underground water tank in Mugembo Village. According to that experience, a new 60,000 liter underground water tank would be a practical, effective, and sustainable project that addresses the chronic water stress suffered by Mugembo Village.$5,000$5,000
$2680.90 was granted to Empowering Africa Inc to be used to reduce inequities in educational opportunity by utilizing innovative techniques to reduce the burden of poverty on bright, young, and gifted students in Ghana. Empowering Africa Inc plans to use the funds to provide full-tuition scholarships to many students at the Kwame Nkrumah University of Science and Technology. The organization has established a selection committee for this process and selected its first group of scholarship recipients in February 2021.$2,681$2,681
Granted $149.41 to FringeFM LLC, a Wyoming limited liability company, to support the podcast, The Disruptors. The purposes of the podcast include advancing scientific and educational knowledge of future technologies with the general public to create a more educated and informed population and inspire mindset and creative shifts in humanity as a whole.$149$149
$$99.27 was granted to ISE Foundation, an Ohio foundation. ISE Foundation will use the granted funds to provide exemplary experiences in athletics and academics to students.$99$99
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rithvik MusukuChairman Of The Board Of Directors, President/CEO, And TreasurerPT$0--
Zahir AbdulDirector And Vice-President-$0--
Pranathi MusukuDirector And Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Advancing Science Worldwide Inc
EIN
82-5323815
Phone
6029355165
Address
4955 S Quiet Way, Gilbert, AZ 85298

Signing Officer

Name
Rithvik Musuku
Title
President/CEO
Phone
3093103328
Signed
2021-06-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Online Payment Processing Fees;87|Website Domain Registration Fees;36|Arizona Corporation Commission Annual Report Filing Fee;10^Total;133^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Credit Balance with Penguin Random House;54^Total;54^

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Granted $149.41 to FringeFM LLC, a Wyoming limited liability company, to support the podcast, The Disruptors. The purposes of the podcast include advancing scientific and educational knowledge of future technologies with the general public to create a more educated and informed population and inspire mindset and creative shifts in humanity as a whole.
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