Civic Intelligence

Xavier Foundation Inc

990 • Fiscal year 2020 • EIN 83-1528765

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 24, 2021

1000 Woodbury Rd Ste 109Woodbury, NY 11797

(516) 395-4433

Siviq Scores

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

Liabilities / Assets

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Net Margin

96th percentile

97%

Higher net margin than 96% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Asset Growth

65th percentile

14%

Faster asset growth than 65% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-86%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$171,829

Up $20,750 (+14%) from 2019

Net Assets

Up

$171,829

Up $20,750 (+14%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$21,500

Down $129,750 (-86%) from 2019

Expenses

Up

$750

Up $579 (+339%) from 2019

Net Income

Down

$20,750

Down $130,329 (-86%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$171,829
Liabilities$0
Net Assets$171,829

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$21,500
Expenses$750
Net Income$20,750
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 24, 2021
Return Version
2020v4.0
Gross Receipts
$21,500
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
Cash and Non-Interest-Bearing Accounts$151,079$171,829▲ $20,750
Total Assets$151,079$171,829▲ $20,750
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$151,079$171,829▲ $20,750
Total Net Assets Fund Balance$151,079$171,829▲ $20,750
Total Liabilities and Net Assets / Fund Balance$151,079$171,829▲ $20,750
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edwin CaseyChairman
J Ganesh BhatVice Chairma
Ravishankar BhooplapurSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$21,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$20,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$750
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
Other Expenses-$750-$750
Total Functional Expenses$0$750$0$750
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

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

Signing Officer

Name
Ravishankar Bhooplapur
Title
Secretary
Phone
5163954433
Signed
2021-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ravishankar Bhooplapur
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Jain Bhandari CPA Associates Pllc
Address
1 DOVER LANE, SYOSSET, NY 11791-6119
Preparer
Mahendra Bhandari
Phone
9175495176
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/Filer/EIN0831528765
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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