Civic Intelligence

Welfare Innovation Foundation Inc

EIN 84-2374058 • 501(c)3 • Pace, FL

Profile

Provide educational materials, resources, and training to individuals in the medical field in order to help them provide better healthcare in their communities.

4534 Amblewood CTPace, FL 32571

www.swasthyasevaksangh.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

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

Liabilities / Revenue

35th percentile

0.00x

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

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

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

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

Asset Growth

39th percentile

-0.8%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$608,760

Down $5,163 (-0.8%) from 2021

Liabilities

Down

$0

Down $9,206 (-100%) from 2021

Net Assets

Up

$608,760

Up $4,043 (+0.7%) from 2021

Operations
Liabilities / Revenue35th percentileNet Margin87th percentile

Revenue

Down

$9,206

Down $91,394 (-91%) from 2021

Expenses

Down

$5,163

Down $8,652 (-63%) from 2021

Net Income

Down

$4,043

Down $82,742 (-95%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2019: $299,014Liabilities 2019: $8,216Net Assets 2019: $290,7982019Assets 2020: $526,158Liabilities 2020: $8,226Net Assets 2020: $517,9322020Assets 2021: $613,923Liabilities 2021: $9,206Net Assets 2021: $604,7172021Assets 2022: $608,760Liabilities 2022: $0Net Assets 2022: $608,7602022

Highlighted filing

2022

Assets$608,760
Liabilities$0
Net Assets$608,760
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2019: $300,000Expenses 2019: $9,202Net Income 2019: $290,7982019Revenue 2020: $250,100Expenses 2020: $22,966Net Income 2020: $227,1342020Revenue 2021: $100,600Expenses 2021: $13,815Net Income 2021: $86,7852021Revenue 2022: $9,206Expenses 2022: $5,163Net Income 2022: $4,0432022

Highlighted filing

2022

Revenue$9,206
Expenses$5,163
Net Income$4,043
Open 2022 Filing

Filings

Most recent year

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

Open filing
Assets
$608,760
Liabilities
$0
Net assets
$608,760
Revenue
$9,206
Expenses
$5,163
Net income
$4,043
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$6.09$0.00$6.09$0.09$0.05$0.04
2021Detailed filing. Detailed filing data is available for this year.$6.14$0.09$6.05$1.01$0.14$0.87
2020Detailed filing. Detailed filing data is available for this year.$5.26$0.08$5.18$2.50$0.23$2.27
2019Detailed filing. Detailed filing data is available for this year.$2.99$0.08$2.91$3.00$0.09$2.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 11, 2023
Return Version
2022v5.0
Gross Receipts
$9,206
Mission and Program Overview

Mission

Provide educational materials, resources, and training to individuals in the medical field in order to help them provide better healthcare in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$613,923$608,760▼ $5,163
Total Assets$613,923$608,760▼ $5,163
Liabilities
Other Liabilities$9,206--
Total Liabilities$9,206$0▼ $9,206
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$604,717$608,760▲ $4,043
Total Net Assets Fund Balance$604,717$608,760▲ $4,043
Total Liabilities and Net Assets / Fund Balance$613,923$608,760▼ $5,163
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Anju GargDirector
Purushottam K GargDirector
Saumya GargDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$9,206
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,206
Change in Net Assets
$4,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,163
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$100$295-$100
Total Functional Expenses$4,868$295$0$5,163
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
Backup withholding compliance
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
Welfare Innovation Foundation Inc
EIN
84-2374058
Phone
8509823592
Address
4534 AMBLEWOOD CT, PACE, FL 32571

Signing Officer

Name
Purushottam K Garg
Title
Director
Phone
8509823592
Signed
2023-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Purushottam K Garg
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
V Care Accounting Inc
Address
337 PARKWOOD PL, NICEVILLE, FL 32578-9762
Preparer
Ajith Prabhu CPA
Phone
8505336765
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers are from medical field, they provide guidance, provide free medicine, training for self care, home care.”

Form 990, Page 2, Part III, Line 4D

“Provide educational materials, resources, and training to individuals in the medical field in order to help them provide better healthcare in their communities.”

Raw XML Appendix251 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/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTs02023-10-16T23:51:13-04:00
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GARG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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