Civic Intelligence

The Kamo Foundation

990 • Fiscal year 2022 • EIN 84-2258943

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileN/A
2668 West Creek DrFrisco, TX 75033

(919) 345-6209

Siviq Scores

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

Liabilities / Assets

80th percentile

0.11x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

96th percentile

230%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$22,211

Up $15,483 (+230%) from 2021

Net Assets

Up

$19,743

Up $13,015 (+193%) from 2021

Liabilities

Up

$2,468

Up $2,468 from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin93rd percentile

Revenue

Up

$20,567

Up $20,567 from 2021

Expenses

Up

$7,552

Up $5,791 (+329%) from 2021

Net Income

Up

$13,015

Up $14,776 (+839%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$30K$20K$10K$0Assets 2021: $6,728Liabilities 2021: $0Net Assets 2021: $6,7282021Assets 2022: $22,211Liabilities 2022: $2,468Net Assets 2022: $19,7432022Assets 2023: $15,482Liabilities 2023: $877Net Assets 2023: $14,6052023Assets 2024: $7,405Liabilities 2024: $568Net Assets 2024: $6,8372024

Highlighted filing

2022

Assets$22,211
Liabilities$2,468
Net Assets$19,743
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30K$20K$10K$0-$10KRevenue 2021: $0Expenses 2021: $1,761Net Income 2021: -$1,7612021Revenue 2022: $20,567Expenses 2022: $7,552Net Income 2022: $13,0152022Revenue 2023: $8,473Expenses 2023: $13,611Net Income 2023: -$5,1382023Revenue 2024: $2,401Expenses 2024: $10,169Net Income 2024: -$7,7682024

Highlighted filing

2022

Revenue$20,567
Expenses$7,552
Net Income$13,015
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$20,567
Mission and Program Overview

Mission

This corporation is organized for charitable, religious,educational,scientific and literacy.

This corporation is organized for safety,education and community development, also organization works for charitable, religious,educational,scientific and literacy, to support families and children with hearing loss and other special needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,728$22,211▲ $15,483
Rtn Earn Endowment Incm Other Fnds$6,728$19,743▲ $13,015
Total Assets$6,728$22,211▲ $15,483
Liabilities
Other Liabilities-$2,468-
Total Liabilities$0$2,468▲ $2,468
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,728$19,743▲ $13,015
Total Liabilities and Net Assets / Fund Balance$6,728$22,211▲ $15,483
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Manish ChopraDirector
Ramnik KamoDirector
Udayananda MohanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$20,567
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$20,567
Change in Net Assets
$13,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,552
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
Fees for Services Other$6,174$1,378-$7,552
Total Functional Expenses$6,174$1,378$0$7,552
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
Comerica Cc$1,842
G Kamo - Exp Reimbursement for Event$626
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
The Kamo Foundation
EIN
84-2258943
Phone
9193456209
Address
2668 WEST CREEK DR, FRISCO, TX 75033

Signing Officer

Name
Ramnik Kamo
Title
Director
Phone
9193456209
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramnik Kamo
Formed
2019
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Perfect Tax & Financial Services
Address
6850 TPC DR STE 108, MCKINNEY, TX 75070-3165
Preparer
Hetal Pratik Mehta
Phone
4698280829
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“This corporation is organized for safety,education and community development, also organization works for charitable, religious,educational,scientific and literacy, to support families and children with hearing loss and other special needs.”

Form 990, Part IX, Line 11G

“Bank service charges 0 31 0 computer & internet expenses 0 301 0 travel & conferance 0 605 0 donated facilities 6,174 0 0 stationary 0 441 0 total 6,174 1,378 0”

Raw XML Appendix236 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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IRS990/AllOtherContributionsAmt020567
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IRS990/FormationYr02019
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt020567
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt019743
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/TotalLiabilityAmt02468
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK SERVICE CHARGES 0 31 0 COMPUTER & INTERNET EXPENSES 0 301 0 TRAVEL & CONFERANCE 0 605 0 DONATED FACILITIES 6,174 0 0 STATIONARY 0 441 0 TOTAL 6,174 1,378 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAMNIK KAMO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09193456209
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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ReturnHeader/Filer/EIN0842258943
ReturnHeader/Filer/PhoneNum09193456209
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752893825
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERFECT TAX & FINANCIAL SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06850 TPC DR STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MCKINNEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750703165
ReturnHeader/PreparerPersonGrp/PhoneNum04698280829
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HETAL PRATIK MEHTA
ReturnHeader/ReturnTs02023-11-15T18:49:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAMNIK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KAMO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$22,211
Liabilities
$2,468
Net assets
$19,743
Revenue
$20,567
Expenses
$7,552
Net income
$13,015
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.41$0.57$6.84$2.40$10.2$7.77
2023Detailed filing. Detailed filing data is available for this year.$15.5$0.88$14.6$8.47$13.6$5.14
2022Detailed filing. Detailed filing data is available for this year.$22.2$2.47$19.7$20.6$7.55$13.0
2021Detailed filing. Detailed filing data is available for this year.$6.73$0.00$6.73$0.00$1.76$1.76