Civic Intelligence

Xavier Foundation Inc

EIN 83-1528765 • 501(c)3 • Woodbury, NY

Profile

The organization mission is to give deserving and qualify students an opportunity to attend medical school at no cost to them. The mission is also to give high performing faculty and staff opportunities to undertake research and other scholarly activities free of charge to them.

1000 Woodbury Rd 109Woodbury, NY 11797

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.15x

Higher debt load relative to assets than 60% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.52x

Higher debt load relative to revenue than 84% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

19th percentile

-9.3%

Higher net margin than 19% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

99th percentile

$571,608

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 190.5% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

72nd percentile

16%

Faster asset growth than 72% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-82%

Faster revenue growth than 2% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$1,046,631

Up $146,202 (+16%) from 2021

Liabilities

Up

$156,600

Up $156,600 from 2021

Net Assets

Down

$890,031

Down $10,398 (-1.2%) from 2021

Operations
Liabilities / Revenue84th percentileNet Margin19th percentile

Revenue

Down

$300,000

Down $1,331,548 (-82%) from 2021

Expenses

Down

$327,790

Down $575,158 (-64%) from 2021

Net Income

Down

-$27,790

Down $756,390 (-104%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

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

$1.5M$1.0M$500K$0Assets 2019: $151,079Liabilities 2019: $0Net Assets 2019: $151,0792019Assets 2020: $171,829Liabilities 2020: $0Net Assets 2020: $171,8292020Assets 2021: $900,429Liabilities 2021: $0Net Assets 2021: $900,4292021Assets 2022: $1,046,631Liabilities 2022: $156,600Net Assets 2022: $890,0312022

Highlighted filing

2022

Assets$1,046,631
Liabilities$156,600
Net Assets$890,031
Open 2022 Filing

Operations Trend

Revenue Growth2nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $151,250Expenses 2019: $171Net Income 2019: $151,0792019Revenue 2020: $21,500Expenses 2020: $750Net Income 2020: $20,7502020Revenue 2021: $1,631,548Expenses 2021: $902,948Net Income 2021: $728,6002021Revenue 2022: $300,000Expenses 2022: $327,790Net Income 2022: -$27,7902022

Highlighted filing

2022

Revenue$300,000
Expenses$327,790
Net Income-$27,790
Open 2022 Filing

Filings

Most recent year

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

Open filing
Assets
$1,046,631
Liabilities
$156,600
Net assets
$890,031
Revenue
$300,000
Expenses
$327,790
Net income
-$27,790
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.16$0.89$0.30$0.33$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.63$0.90$0.73
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.02$0.00$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.15$0.00$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$300,000
Mission and Program Overview

Mission

The organization mission is to give deserving and qualify students an opportunity to attend medical school at no cost to them. The mission is also to give high performing faculty and staff opportunities to undertake research and other scholarly activities free of charge to them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$846,922$693,164▼ $153,758
Cash and Non-Interest-Bearing Accounts$53,507$353,467▲ $299,960
Total Assets$900,429$1,046,631▲ $146,202
Liabilities
Other Liabilities$0$149,850▲ $149,850
Accounts Payable and Accrued Expenses-$6,750-
Total Liabilities$0$156,600▲ $156,600
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$900,429$890,031▼ $10,398
Total Net Assets Fund Balance$900,429$890,031▼ $10,398
Total Liabilities and Net Assets / Fund Balance$900,429$1,046,631▲ $146,202
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
J Ganesh BhatVice Chairman$72,000$72,000
Edwin CaseyChairman$9,000$9,000

Board Members and Trustees

NameTitle
Ravishankar BhooplapurSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$300,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$300,000
Change in Net Assets
$-27,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$321,000
Other Expenses$6,790
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$321,000--$321,000
Fees for Services Accounting-$6,750-$6,750
Other Expenses$40--$40
Total Functional Expenses$321,040$6,750$0$327,790
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Xavier Admissions LLCWoodbury, NY-To Provide Scholarships to Medical Students Attending Xavier University School of Medicine Aruba.$321,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Scholarships$149,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

“The organization reviews the final form prior to its submission to the irs.”

Form 990, Part VI, Section C, Line 18

“The organization will make its origination documents available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents or financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Xavier Foundation Inc
EIN
83-1528765
Phone
5163954433
Address
1000 WOODBURY RD 109, WOODBURY, NY 11797

Signing Officer

Name
Ravishankar Bhooplapur
Title
Secretary
Phone
5163954433
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ravishankar Bhooplapur
Formed
2019
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Steven T Cirillo CPA LLC
Address
345 KINDERKAMACK ROAD SUITE C, WESTWOOD, NJ 07675
Preparer
Patrick F Heeney CPA
Phone
2016664477
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation had no uncertain tax positions as of december 31, 2022 in accordance with accounting standards codification ("asc") topic 740, "income taxes", which provides standards for establishing and classifying any tax provisions for uncertain tax positions. No provision has been made for income taxes on the statement of activities. The foundation is no longer subject to federal or state tax examinations by tax authorities for the year ended december 31, 2019 and prior year.”

Raw XML Appendix381 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0261923566
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0CONTROLLING ENTITY OF THE XAVIER UNIVERSITY SCHOOL OF MEDICINE ARUBA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0XAVIER ADMISSIONS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt01000 WOODBURY ROAD STE 109
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0WOODBURY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd011797
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0321000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0XAVIER ADMISSIONS LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0900429
IRS990/TotalAssetsEOYAmt01046631
IRS990/TotalAssetsGrp/BOYAmt0900429
IRS990/TotalAssetsGrp/EOYAmt01046631
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0300000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06750
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0321040
IRS990/TotalFunctionalExpensesGrp/TotalAmt0327790
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0156600
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0156600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0900429
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0890031
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0321040
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0900429
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01046631
IRS990/TotReportableCompRltdOrgAmt0652608
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01000 WOODBURY RD 109
IRS990/USAddress/CityNm0WOODBURY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011797
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAVISHANKAR BHOOPLAPUR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05163954433
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0XAVIER FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0XAVI
ReturnHeader/Filer/EIN0831528765
ReturnHeader/Filer/PhoneNum05163954433
ReturnHeader/Filer/USAddress/AddressLine1Txt01000 WOODBURY RD 109
ReturnHeader/Filer/USAddress/CityNm0WOODBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011797
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223780134
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEVEN T CIRILLO CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0345 KINDERKAMACK ROAD SUITE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007675
ReturnHeader/PreparerPersonGrp/PhoneNum02016664477
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK F HEENEY CPA
ReturnHeader/ReturnTs02023-11-10T14:42:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAVISHANKAR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BHOOPLAPUR
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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