Civic Intelligence

Karya Kares

990 • Fiscal year 2022 • EIN 83-2102555

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 21, 2024

Organization ProfileKARYAKARES.ORG
8901 Gaylord Drive 100Houston, TX 77024-3042

(346) 571-3324

Siviq Scores

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

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.20x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

6th percentile

-33%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

94%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$118,008

Down $57,912 (-33%) from 2021

Net Assets

Down

-$13,231

Down $101,739 (-115%) from 2021

Liabilities

Up

$131,239

Up $43,827 (+50%) from 2021

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin18th percentile

Revenue

Up

$657,784

Up $318,291 (+94%) from 2021

Expenses

Up

$759,523

Up $278,862 (+58%) from 2021

Net Income

Up

-$101,739

Up $39,429 (+28%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$800M$600M$400M$200M$0-$200MAssets 2018: $326,919Liabilities 2018: $1,822Net Assets 2018: $325,0972018Assets 2019: $588,933Liabilities 2019: $250,003Net Assets 2019: $338,9302019Assets 2020: $292,261Liabilities 2020: $65,085Net Assets 2020: $227,1762020Assets 2021: $175,920Liabilities 2021: $87,412Net Assets 2021: $88,5082021Assets 2022: $118,008Liabilities 2022: $131,239Net Assets 2022: -$13,2312022Assets 2023: $195,869Liabilities 2023: $513,500Net Assets 2023: -$317,6312023Assets 2024: $705,346,447Liabilities 2024: $742,455,047Net Assets 2024: -$37,108,6002024

Highlighted filing

2022

Assets$118,008
Liabilities$131,239
Net Assets-$13,231
Open 2022 Filing

Operations Trend

Revenue Growth88th percentile

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

$10M$0-$10M-$20M-$30M-$40MRevenue 2018: $354,511Expenses 2018: $29,414Net Income 2018: $325,0972018Revenue 2019: $1,021,853Expenses 2019: $1,008,020Net Income 2019: $13,8332019Revenue 2020: $749,643Expenses 2020: $861,174Net Income 2020: -$111,5312020Revenue 2021: $339,493Expenses 2021: $480,661Net Income 2021: -$141,1682021Revenue 2022: $657,784Expenses 2022: $759,523Net Income 2022: -$101,7392022Revenue 2023: $141,019Expenses 2023: $445,419Net Income 2023: -$304,4002023Revenue 2024: -$35,666,921Expenses 2024: $1,124,048Net Income 2024: -$36,790,9692024

Highlighted filing

2022

Revenue$657,784
Expenses$759,523
Net Income-$101,739
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 21, 2024
Return Version
2022v5.0
Gross Receipts
$657,784
Mission and Program Overview

Mission

To provide educational, health and basic housing assistance to under priviledged individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$64,472$60,498▼ $3,974
Accounts Receivable$38,743$48,196▲ $9,453
Cash and Non-Interest-Bearing Accounts$68,122$4,731▼ $63,391
Prepaid Expenses and Deferred Charges$4,583$4,583→ $0
Total Assets$175,920$118,008▼ $57,912
Liabilities
Other Liabilities$83,912$83,912→ $0
Accounts Payable and Accrued Expenses$3,500$47,327▲ $43,827
Total Liabilities$87,412$131,239▲ $43,827
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$88,508$-13,231▼ $101,739
Total Net Assets Fund Balance$88,508$-13,231▼ $101,739
Total Liabilities and Net Assets / Fund Balance$175,920$118,008▼ $57,912

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$52,957$3,782$56,739
Equipment$7,541$4,166$11,707
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Deepika VermaDirector
Prashant KothariDirector
Vivek ShahDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$657,784
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$657,784
Change in Net Assets
$-101,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$644,010
Other Expenses$60,667
Salaries, Compensation, and Employee Benefits$54,846
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$598,190--$598,190
Other Salaries and Wages$54,846--$54,846
Foreign Grants$41,820--$41,820
Office Expenses$4,821$5,199-$10,020
Advertising$4,399$5,139-$9,538
Grants to Domestic Orgs$4,000--$4,000
Depreciation Depletion$3,974--$3,974
Fees for Services Accounting-$1,342-$1,342
Information Technology$322--$322
Travel-$117-$117
Other Expenses$192$38-$38
Fees for Services Legal-$13-$13
Total Functional Expenses$747,490$12,033$0$759,523
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Due to Kpm$83,912
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Part VI, Section B, Line 11B

“The organization provides copy of form 990 to key board members for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Organization has written conflict policy and members are required to report any conflict of interest to the board.”

Form 990, Part VI, Section C, Line 19

“Organization makes its tax return form 990 and other financial documents available to anyone for review upon request.”

Filing and Contact Details

Filer

Filer Name
Karya Kares
EIN
83-2102555
Phone
3465713324
Address
8901 GAYLORD DRIVE 100, HOUSTON, TX 77024-3042

Signing Officer

Name
Prashant Shenoy
Title
Director
Phone
3465713324
Signed
2024-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Prashant Shenoy
Formed
2018
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
4

Preparer

Firm
Carr Riggs & Ingram LLC
Address
TWO RIVERWAY 15TH FLOOR, HOUSTON, TX 77056
Preparer
Kristen Simpson
Phone
7136218090
Raw XML Appendix395 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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IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt3SOUTH ASIA
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt2STUDENT SPONSORSHIP AND 31 DIWALI RATION KITS
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IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0REGARDING GRANTS MADE TO FOREIGN ENTITIES, KARYA KARES (KKS) REQUIRES THE BENEFITTING ORGANIZATION'S MISSION STATEMENTS, COMPLETED FINANCIALS FROM A PRIOR PERIOD, AND OTHER APPLICABLE ORGANIZATION DOCUMENTATION, SUCH AS PROGRESS REPORTS, ANNUAL REPORTS, BUDGETING FOR THE UPCOMING YEAR, DESCRIPTION OF HOW THE GRANT FUNDS WILL BE USED AND UPDATES THROUGHOUT THE YEAR OF PROGRESS MADE THROUGH USE OF GRANT FUNDS. ADDITIONALLY, KKS DIRECTORS WILL VISIT THE FOREIGN ORGANIZATIONS ANNUALLY, EITHER IN PERSON OR VIA VIDEO CALLS, AND REVIEW THE ON-GROUND USAGE OF THE FUNDS AND PROJECT PROGRESS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0585190
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0RENTAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SPONSORSHIP TO KARAN PATEL CHICAGO WHITE SOX
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0650
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0REGARDING GRANTS MADE TO DOMESTIC INDIVIDUALS AND ENTITIES, THE KARYA KARES (KKS) BOARD MEETS TO REVIEW PROGRAMS AND DONATIONS REQUESTED AND ENSURES CERTAIN REQUIREMENTS BE MET. THE REQUIREMENTS INCLUDE BUT ARE NOT LIMITED TO, ENSURING THE REQUESTING ENTITY'S GOALS ARE ALIGNED WITH THE KKS PHILOSOPHY OF POSITIVELY IMPACTING LIVES AND THE COMMUNITY. ONCE APPROVED, VARIOUS INDIVIDUALS VOLUNTEER TO RUN EACH FUNDRAISER, EVENT, OR OTHER PROGRAM.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1REGARDING DONATIONS GRANTED FOR FUNDRAISING EVENTS, KKS REQUIRES THE BENEFITING ORGANIZATION TO SPECIFY IF THEY QUALIFY AS A 501(C)(3) PUBLIC CHARITY IN THE UNITED STATES, OTHER APPLICABLE ORGANIZATION INFORMATION, AND CONFIRMATION OF DONATION RECEIVED.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2REGARDING THE RENTAL ASSISTANCE PROJECT, KKS REQUIRED INDIVIDUALS TO COMPLETE AN ONLINE APPLICATION EXPLAINING THEIR HARD SHIPS, AMOUNT REQUESTED AND HOW THEY ARE GOING TO AFFECT SOCIETY IN THEIR SMALL WAY AS WELL AS PROVIDE THEIR MONTHLY RENT AMOUNT AND OTHER FINANCIAL INFORMATION. ALL APPLICATIONS WERE REVIEWED BY AN OFFICER AT THE KKS CORPORATE OFFICE. KKS OFFICERS REVIEWED ALL APPLICATIONS AND REQUESTED ADDITIONAL INFORMATION, WHEN NECESSARY, AS WELL AS VALIDATED THEIR RENT AMOUNT AND OTHER FINANCIALS BEFORE ANY ASSISTANCE WAS GRANTED. ADDITIONALLY, A FILE WAS MAINTAINED OF ALL ASSISTANCE REQUESTED/GRANTED ALONG WITH NOTES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I, LINE 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES COPY OF FORM 990 TO KEY BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS WRITTEN CONFLICT POLICY AND MEMBERS ARE REQUIRED TO REPORT ANY CONFLICT OF INTEREST TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION MAKES ITS TAX RETURN FORM 990 AND OTHER FINANCIAL DOCUMENTS AVAILABLE TO ANYONE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0175920
IRS990/TotalAssetsEOYAmt0118008
IRS990/TotalAssetsGrp/BOYAmt0175920
IRS990/TotalAssetsGrp/EOYAmt0118008
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0657784
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0747490
IRS990/TotalFunctionalExpensesGrp/TotalAmt0759523
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087412
IRS990/TotalLiabilitiesEOYAmt0131239
IRS990/TotalLiabilitiesGrp/BOYAmt087412
IRS990/TotalLiabilitiesGrp/EOYAmt0131239
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088508
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-13231
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0747490
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0657784
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0175920
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0118008
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0117
IRS990/TravelGrp/TotalAmt0117
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08901 GAYLORD DRIVE 100
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0770243042
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://KARYAKARES.ORG/
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/PersonNm0PRASHANT SHENOY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03465713324
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KARYA KARES
ReturnHeader/Filer/BusinessNameControlTxt0KARY
ReturnHeader/Filer/EIN0832102555
ReturnHeader/Filer/PhoneNum03465713324
ReturnHeader/Filer/USAddress/AddressLine1Txt08901 GAYLORD DRIVE 100
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0770243042
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0TWO RIVERWAY 15TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077056
ReturnHeader/PreparerPersonGrp/PhoneNum07136218090
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTEN SIMPSON
ReturnHeader/ReturnTs02024-02-21T16:51:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PRASHANT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHENOY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$118,008
Liabilities
$131,239
Net assets
-$13,231
Revenue
$657,784
Expenses
$759,523
Net income
-$101,739
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$705$742$37.1$35.7$1.12$36.8
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.51$0.32$0.14$0.45$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.13$0.01$0.66$0.76$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.09$0.09$0.34$0.48$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.07$0.23$0.75$0.86$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.59$0.25$0.34$1.02$1.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.35$0.03$0.33