Civic Intelligence

Prem Prakash Corporation

EIN 84-2539105 • 501(c)3 • Franklin, IN

Profile

RELIGIOUS PRACTISE

1164 Ebony LnFranklin, IN 46131

n/A

Siviq Scores

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

Liabilities / Assets

76th percentile

0.22x

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

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2023

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

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

Asset Growth

99th percentile

624%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$792,566

Up $683,158 (+624%) from 2022

Liabilities

Up

$175,000

Up $175,000 from 2022

Net Assets

Up

$617,566

Up $508,158 (+464%) from 2022

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $79,137 (-100%) from 2022

Expenses

Down

$0

Down $8,770 (-100%) from 2022

Net Income

Down

$0

Down $70,367 (-100%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$800K$600K$400K$200K$0-$200KAssets 2019: $0Net Assets 2019: $02019Assets 2020: $0Net Assets 2020: -$9202020Assets 2022: $109,408Liabilities 2022: $0Net Assets 2022: $109,4082022Assets 2023: $792,566Liabilities 2023: $175,000Net Assets 2023: $617,5662023

Highlighted filing

2023

Assets$792,566
Liabilities$175,000
Net Assets$617,566
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

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

$100K$50K$0-$50KRevenue 2019: $02019Revenue 2020: $3,300Expenses 2020: $4,220Net Income 2020: -$9202020Revenue 2022: $79,137Expenses 2022: $8,770Net Income 2022: $70,3672022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2023

Revenue$0
Expenses$0
Net Income$0
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$792,566
Liabilities
$175,000
Net assets
$617,566
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.93$1.75$6.18$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.79$0.09$0.70
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.03$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 23, 2024
Return Version
2023v6.0
Gross Receipts
$0
Mission and Program Overview

Mission

RELIGIOUS PRACTISE

SIKH TEMPLE

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$175,000$754,414▲ $579,414
Pd in Cap Srpls Land Bldg Eqp Fund$284,408$617,566▲ $333,158
Cash and Non-Interest-Bearing Accounts$109,408$38,152▼ $71,256
Total Assets$284,408$792,566▲ $508,158
Liabilities
Other Liabilities-$175,000-
Total Liabilities$0$175,000▲ $175,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$284,408$617,566▲ $333,158
Total Liabilities and Net Assets / Fund Balance$284,408$792,566▲ $508,158

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$579,414-$579,414
Land$175,000-$175,000
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleBaseTotal
Jagbir SinghPriest$10,800$10,800
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable Temple Construction$175,000
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

“As the temple was in the process of construction . There was no meeting held for governing bodies. Once it will start operations, meeting will be documented accordinly.”

Committee meeting documentation Part VI line 8B

“Temple was in process of construction. Commitee meeting was not held. Once construction completed , commitee meeing will be documented accordingly.”

Form 990 governing body review Part VI line 11

“WILL BE CONDUCTED”

CEO executive director top management comp Part VI line 15A

“Compensation of ceo, executive director,top management officials will be and was determined by the governing body of temple.”

Other officer or key employee compensation Part VI line 15B

“Compensation of key employee, management officials will be and was determined by the governing body of temple.”

Governing documents etc available to public Part VI line 19

“Other governing doucments are also available to public upon request.”

Filing and Contact Details

Filer

Filer Name
Prem Prakash Corporation
EIN
84-2539105
Address
1164 EBONY LN, Franklin, IN 46131

Signing Officer

Name
Jagbir Singh
Title
Trustee
Phone
3179109794
Signed
2024-09-23
Discuss with paid preparer
No

Organization Details

Principal Officer
Jagbir Singh
Formed
2019
Legal Domicile
In
Voting Board Members
12
Independent Board Members
6
Employees
1

Preparer

Firm
Nexus Accounting Services Inc
Address
215-28 HILLSIDE AVE, Queens Village, NY 11427
Preparer
Raja Iqbal
Phone
7184642600
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“New construction of temple had done in year 2023 and all the donations received were spent on construction of temple.”

Raw XML Appendix240 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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IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02019
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IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd0false
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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0175000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0754414
IRS990/LandBldgEquipCostOrOtherBssAmt0754414
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0SIKH TEMPLE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0284408
IRS990/NetAssetsOrFundBalancesEOYAmt0617566
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0333158
IRS990/OtherLiabilitiesGrp/EOYAmt0175000
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0284408
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0617566
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAGBIR SINGH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0416414
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt079137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt053441
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0552992
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73020
IRS990ScheduleA/PublicSupportTotal170Amt0403822
IRS990ScheduleA/SubstantialContributorsTotAmt0149170
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0416414
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt079137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt053441
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0552992
IRS990ScheduleA/TotalSupportAmt0552992
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0579414
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IRS990ScheduleD/LandGrp/BookValueAmt0175000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0175000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE TEMPLE CONSTRUCTION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0754414
IRS990ScheduleD/TotalLiabilityAmt0175000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS THE TEMPLE WAS IN THE PROCESS OF CONSTRUCTION . THERE WAS NO MEETING HELD FOR GOVERNING BODIES. ONCE IT WILL START OPERATIONS, MEETING WILL BE DOCUMENTED ACCORDINLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TEMPLE WAS IN PROCESS OF CONSTRUCTION. COMMITEE MEETING WAS NOT HELD. ONCE CONSTRUCTION COMPLETED , COMMITEE MEEING WILL BE DOCUMENTED ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF CEO, EXECUTIVE DIRECTOR,TOP MANAGEMENT OFFICIALS WILL BE AND WAS DETERMINED BY THE GOVERNING BODY OF TEMPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF KEY EMPLOYEE, MANAGEMENT OFFICIALS WILL BE AND WAS DETERMINED BY THE GOVERNING BODY OF TEMPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER GOVERNING DOUCMENTS ARE ALSO AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NEW CONSTRUCTION OF TEMPLE HAD DONE IN YEAR 2023 AND ALL THE DONATIONS RECEIVED WERE SPENT ON CONSTRUCTION OF TEMPLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
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IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JAGBIR SINGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03179109794
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PREM PRAKASH CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PREM
ReturnHeader/Filer/EIN0842539105
ReturnHeader/Filer/USAddress/AddressLine1Txt01164 EBONY LN
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ReturnHeader/Filer/USAddress/ZIPCd046131
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0215-28 HILLSIDE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Queens Village
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011427
ReturnHeader/PreparerPersonGrp/PhoneNum07184642600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAJA IQBAL
ReturnHeader/ReturnTs02025-09-23T15:38:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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