Civic Intelligence

Xavier Foundation Inc

990 • Fiscal year 2021 • EIN 83-1528765

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 22, 2023

1000 Woodbury Rd 109Woodbury, NY 11797

(516) 395-4433

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

19th percentile

0.00x

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

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

83rd percentile

45%

Higher net margin than 83% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

97th percentile

424%

Faster asset growth than 97% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

7489%

Faster revenue growth than 100% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$900,429

Up $728,600 (+424%) from 2020

Net Assets

Up

$900,429

Up $728,600 (+424%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$1,631,548

Up $1,610,048 (+7489%) from 2020

Expenses

Up

$902,948

Up $902,198 (+120293%) from 2020

Net Income

Up

$728,600

Up $707,850 (+3411%) from 2020

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

2021

Assets$900,429
Liabilities$0
Net Assets$900,429

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

2021

Revenue$1,631,548
Expenses$902,948
Net Income$728,600
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 22, 2023
Return Version
2021v4.2
Gross Receipts
$1,631,548
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-
Cash and Non-Interest-Bearing Accounts$171,829$53,507▼ $118,322
Total Assets$171,829$900,429▲ $728,600
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$171,829$900,429▲ $728,600
Total Net Assets Fund Balance$171,829$900,429▲ $728,600
Total Liabilities and Net Assets / Fund Balance$171,829$900,429▲ $728,600
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,572,000
Program Service Revenue
$0
Investment Income
$59,548
Other Revenue
$0
All Other Contributions
$1,572,000
Change in Net Assets
$728,600

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$1,500,000Fair Market Value (FMV)
Total Noncash Contributions1$1,500,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$750,000
Other Expenses$152,948
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$750,000--$750,000
Advertising$125,000--$125,000
Conferences and Meetings$26,702--$26,702
Fees for Services Accounting-$1,000-$1,000
Other Expenses$25--$25
Total Functional Expenses$901,948$1,000$0$902,948
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beyond Borders Management LLCWoodbury, NY-Construction of a School Dormitory$750,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ravishankar BhooplapurSecretary of the Board of DirectorsConstruction Grant Issued to a Related Party Entity.No$750,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
2023-03-22
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

Additional Explanations

EXPLANAITION OF AMENDMENT CHANGES ON FORM 990:

Changes made on the amended form 990 are: 1-page 1, part l and m are answered. 2-page 1, part i, line 13 and 14 details are added. 3-page 2, part iii, row 4d, $750,000 reported as "including grants of". 4-page 3, row 11f is answered yes. 5-page 3, row 21 is answered yes. 6-page 4, row 28a is answered yes. 7-page 4, row 29 is answered yes. 8-page 4, row 34 is answered yes. 9-page 4, row 38 is answered yes. 10-page 5, rows 7a, 7c, 7e, 7f are answered no. 11-page 6, part vi-schedule o box is checked 12-page 6, part vi, sect. B row 11a is answered yes. 13-page 6, part vi, sect. C row 18 "upon request" is checked. 14-page 7, part vii, sect a. "individual trustee or officer" is checked. 15-page 9, part viii, row 1f, includes amount previously on row 1. 16-page 9, part viii, row 3, col. B includes amount previously in column b. 17-page 10, part ix, row 1, includes amount previously on row 11g. 18-page 10, part ix, row 11c, includes amount previously on row 24a. 19-page 12, part xii, rows 2b, 2c are answered "yes", row 3a is answered "no" 20-schedule a, part iii, row 10a includes amount previously reported on row 2. 21-schedule a, part iii, row 14 box is checked. 22-schedule a, part iii, row 19a box is un-checked. 23-schedule b with all details has been added. 24-schedule d has been added, part x, row 2, box has been checked. 25-schedule d has been added, part xiii, response has been added. 26-schedule i with all details has been added. 27-schedule l with all details has been added. 28-schedule m with all details has been added. 29-schedule o additional explanations have been included. 30-schedule r with all details has been added.

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, 2021 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, 2018 and prior year.

Raw XML Appendix370 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2021 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, 2018 AND PRIOR YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REVIEWS THE FINAL FORM PRIOR TO ITS SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WILL MAKE ITS ORIGINATION DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES MADE ON THE AMENDED FORM 990 ARE: 1-PAGE 1, PART L AND M ARE ANSWERED. 2-PAGE 1, PART I, LINE 13 AND 14 DETAILS ARE ADDED. 3-PAGE 2, PART III, ROW 4D, $750,000 REPORTED AS "INCLUDING GRANTS OF". 4-PAGE 3, ROW 11F IS ANSWERED YES. 5-PAGE 3, ROW 21 IS ANSWERED YES. 6-PAGE 4, ROW 28A IS ANSWERED YES. 7-PAGE 4, ROW 29 IS ANSWERED YES. 8-PAGE 4, ROW 34 IS ANSWERED YES. 9-PAGE 4, ROW 38 IS ANSWERED YES. 10-PAGE 5, ROWS 7A, 7C, 7E, 7F ARE ANSWERED NO. 11-PAGE 6, PART VI-SCHEDULE O BOX IS CHECKED 12-PAGE 6, PART VI, SECT. B ROW 11A IS ANSWERED YES. 13-PAGE 6, PART VI, SECT. C ROW 18 "UPON REQUEST" IS CHECKED. 14-PAGE 7, PART VII, SECT A. "INDIVIDUAL TRUSTEE OR OFFICER" IS CHECKED. 15-PAGE 9, PART VIII, ROW 1F, INCLUDES AMOUNT PREVIOUSLY ON ROW 1. 16-PAGE 9, PART VIII, ROW 3, COL. B INCLUDES AMOUNT PREVIOUSLY IN COLUMN B. 17-PAGE 10, PART IX, ROW 1, INCLUDES AMOUNT PREVIOUSLY ON ROW 11G. 18-PAGE 10, PART IX, ROW 11C, INCLUDES AMOUNT PREVIOUSLY ON ROW 24A. 19-PAGE 12, PART XII, ROWS 2B, 2C ARE ANSWERED "YES", ROW 3A IS ANSWERED "NO" 20-SCHEDULE A, PART III, ROW 10A INCLUDES AMOUNT PREVIOUSLY REPORTED ON ROW 2. 21-SCHEDULE A, PART III, ROW 14 BOX IS CHECKED. 22-SCHEDULE A, PART III, ROW 19A BOX IS UN-CHECKED. 23-SCHEDULE B WITH ALL DETAILS HAS BEEN ADDED. 24-SCHEDULE D HAS BEEN ADDED, PART X, ROW 2, BOX HAS BEEN CHECKED. 25-SCHEDULE D HAS BEEN ADDED, PART XIII, RESPONSE HAS BEEN ADDED. 26-SCHEDULE I WITH ALL DETAILS HAS BEEN ADDED. 27-SCHEDULE L WITH ALL DETAILS HAS BEEN ADDED. 28-SCHEDULE M WITH ALL DETAILS HAS BEEN ADDED. 29-SCHEDULE O ADDITIONAL EXPLANATIONS HAVE BEEN INCLUDED. 30-SCHEDULE R WITH ALL DETAILS HAS BEEN ADDED.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANAITION OF AMENDMENT CHANGES ON FORM 990:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0MANAGEMENT SERVICES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0BEYOND BORDERS MANAGEMENT LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt01000 WOODBURY ROAD SUITE 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/InvolvedAmt0750000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BEYOND BORDERS MANAGEMENT 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/TotalAssetsBOYAmt0171829
IRS990/TotalAssetsEOYAmt0900429
IRS990/TotalAssetsGrp/BOYAmt0171829
IRS990/TotalAssetsGrp/EOYAmt0900429
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01572000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0901948
IRS990/TotalFunctionalExpensesGrp/TotalAmt0902948
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0171829
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0900429
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0901948
IRS990/TotalOtherProgSrvcGrantAmt0750000
IRS990/TotalProgramServiceExpensesAmt0901948
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt059548
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01631548
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0171829
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0900429
IRS990/TotReportableCompRltdOrgAmt00
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/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAVISHANKAR BHOOPLAPUR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05163954433
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-22
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/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/PreparationDt02023-03-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK F HEENEY CPA
ReturnHeader/ReturnTs02023-03-23T11:22:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAVISHANKAR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BHOOPLAPUR
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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