Civic Intelligence

Lokenath Foundation Inc.

990EZ • Fiscal year 2023 • EIN 83-2199886

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

Organization Profile
2122 Hartledge RoadRosenberg, TX 77471

(832) 488-9953

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

49th percentile

0.0%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

1.8%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $3,816 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin74th percentile

Revenue

Up

$60,075

Up $1,038 (+1.8%) from 2022

Expenses

Down

$47,738

Down $7,483 (-14%) from 2022

Net Income

Up

$12,337

Up $8,521 (+223%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$30K$20K$10K$0-$10KAssets 2018: $0Liabilities 2018: $0Net Assets 2018: -$1,0572018Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $3,8162022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $22,3622024

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth47th percentile

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

$150K$100K$50K$0-$50KRevenue 2018: $0Expenses 2018: $1,057Net Income 2018: -$1,0572018Revenue 2022: $59,037Expenses 2022: $55,221Net Income 2022: $3,8162022Revenue 2023: $60,075Expenses 2023: $47,738Net Income 2023: $12,3372023Revenue 2024: $109,077Expenses 2024: $86,715Net Income 2024: $22,3622024

Highlighted filing

2023

Revenue$60,075
Expenses$47,738
Net Income$12,337
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$60,075
Mission and Program Overview

Mission

Charitable and Education

Charity

Program Services

DescriptionGrantsExpenses
Renovation of Temple-$15,587
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUBHASISH GHOSALDirector-$0--
SABITRI GHOSALDirector-$0--
SHELLY GHOSALDirector-$0--
SUJATA SINHADirector-$0--
Filing and Contact Details

Filer

Filer Name
Lokenath Foundation Inc
EIN
83-2199886
In Care Of
% Subhasish Ghosal
Phone
8324889953
Address
2122 HARTLEDGE ROAD, Rosenberg, TX 77471

Signing Officer

Name
Subhasish Ghosal
Title
President
Phone
8324889953
Signed
2024-05-14
Discuss with paid preparer
Yes

Preparer

Preparer
Pawan Bagga
Phone
7142736147
Supplemental Narrative

Additional Explanations

Part I Line 8

“Loanfrom Subhasish Ghosal $43951.00”

Part I Line 13

“Bank Charges $160.00”

Part I Line 13

“Donation to Non Profit $1487.00”

Part I Line 13

“Gas & Fuel $525.00”

Part I Line 13

“Food & Prasadam $2752.00”

Part I Line 13

“Puja Decorations & Servic $2148.00”

Part I Line 13

“New AC Installation in Te $4200.00”

Part I Line 13

“Disposable Food Plate $136.00”

Part I Line 13

“Mowing Machine Repair $440.00”

Part I Line 13

“Kitchen & Utensils $326.00”

Part I Line 13

“Purchase of Deities $3260.00”

Part I Line 16

“Deities Dress $319.00”

Part I Line 16

“Shipping cost of Deities $5919.00”

Part I Line 16

“Renovation of Temple $15587.00”

Part I Line 16

“Business Travel $2957.00”

Part I Line 16

“Annual Maintenance $818.00”

Part I Line 16

“Electricity $3802.00”

Part I Line 16

“Internet & Telecom & Tele $2119.00”

Part I Line 16

“Postal Expenses $105.00”

Part I Line 16

“Pest Control $328.00”

Raw XML Appendix161 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LegalCorp Solutions LLC
IRS990EZ/BooksInCareOfDetail/PhoneNum08324889953
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 Delaware Ave Ste 210
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Wilmington
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DE
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019801
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt00
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt016124
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IRS990EZ/ExcessOrDeficitForYearAmt012337
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IRS990EZ/GrossReceiptsAmt060075
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt012337
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SUBHASISH GHOSAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SABITRI GHOSAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SHELLY GHOSAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SUJATA SINHA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0true
IRS990EZ/OrganizationHadUBIInd0true
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt031954
IRS990EZ/OtherRevenueTotalAmt043951
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Charity
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Renovation of Temple
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt015587
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt047738
IRS990EZ/TotalProgramServiceExpensesAmt015587
IRS990EZ/TotalRevenueAmt060075
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/ChurchInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The corp is organized exclusively for charitable, educational, religous or scientific purposes within the meaning of Section 501(c) (3) of the IRS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Loanfrom Subhasish Ghosal $43951.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bank Charges $160.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Donation to Non Profit $1487.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Gas & Fuel $525.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Food & Prasadam $2752.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Puja Decorations & Servic $2148.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6New AC Installation in Te $4200.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Disposable Food Plate $136.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Mowing Machine Repair $440.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Kitchen & Utensils $326.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Purchase of Deities $3260.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Deities Dress $319.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Shipping cost of Deities $5919.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Renovation of Temple $15587.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Business Travel $2957.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Annual Maintenance $818.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Electricity $3802.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Internet & Telecom & Tele $2119.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Postal Expenses $105.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Pest Control $328.00
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part I Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Part I Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Part I Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUBHASISH GHOSAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08324889953
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOKENATH FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0JOYB
ReturnHeader/Filer/EIN0832199886
ReturnHeader/Filer/InCareOfNm0% Subhasish Ghosal
ReturnHeader/Filer/PhoneNum08324889953
ReturnHeader/Filer/USAddress/AddressLine1Txt02122 HARTLEDGE ROAD
ReturnHeader/Filer/USAddress/CityNm0Rosenberg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077471
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerPersonGrp/PhoneNum07142736147
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAWAN BAGGA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-14T23:29:31-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SUBHASISH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GHOSAL
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$60,075
Expenses
$47,738
Net income
$12,337
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.22$1.09$0.87$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.60$0.48$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.04$0.59$0.55$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.00$0.01$0.01