Civic Intelligence

Mb Foundation

990EZ • Fiscal year 2022 • EIN 84-2955915

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 03, 2023

Organization ProfileN/A
9476 Hwy 6 SouthHouston, TX 77083

(281) 277-9827

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.

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

Liabilities / Revenue

58th percentile

0.00x

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

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

Net Margin

97th percentile

90%

Higher net margin than 97% 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

71st percentile

20%

Faster asset growth than 71% of similar nonprofits.

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

Revenue Growth

76th percentile

61%

Faster revenue growth than 76% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$21,596

Up $3,640 (+20%) from 2021

Net Assets

Up

$21,596

Up $29,238 (+383%) from 2021

Liabilities

Down

$0

Down $25,598 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin97th percentile

Revenue

Up

$32,433

Up $12,282 (+61%) from 2021

Expenses

Down

$3,195

Down $30,359 (-90%) from 2021

Net Income

Up

$29,238

Up $42,641 (+318%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$30K$20K$10K$0-$10KAssets 2019: $3,184Net Assets 2019: $3,1842019Assets 2020: $8,131Net Assets 2020: $8,1312020Assets 2021: $17,956Liabilities 2021: $25,598Net Assets 2021: -$7,6422021Assets 2022: $21,596Liabilities 2022: $0Net Assets 2022: $21,5962022

Highlighted filing

2022

Assets$21,596
Liabilities$0
Net Assets$21,596
Open 2022 Filing

Operations Trend

Revenue Growth76th percentile

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

$40K$20K$0-$20KRevenue 2019: $18,074Expenses 2019: $14,890Net Income 2019: $3,1842019Revenue 2020: $25,100Expenses 2020: $20,153Net Income 2020: $4,9472020Revenue 2021: $20,151Expenses 2021: $33,554Net Income 2021: -$13,4032021Revenue 2022: $32,433Expenses 2022: $3,195Net Income 2022: $29,2382022

Highlighted filing

2022

Revenue$32,433
Expenses$3,195
Net Income$29,238
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$32,433
Mission and Program Overview

Mission

Promote indo-american cultural arts in texas, bring the diverse communities of texas together, talent promotion, concert promotion, educate the students with organization and management skills. Provide various programs and recreation and leisure activities for the empowerment and enhancement of senior community of greater houston.

Program Services

DescriptionGrantsExpenses
Indo-American Cultural Arts in Texas--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MOUSUMI BANERJEEDirectorPT$0--
NEIL BANERJEEDirectorPT$0--
DIPAYAN BHATTACHRYADirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Mb Foundation
EIN
84-2955915
Phone
2812779827
Address
9476 HWY 6 SOUTH, HOUSTON, TX 77083

Signing Officer

Name
Mousumi Banerjee
Title
Director
Signed
2023-11-03
Discuss with paid preparer
Yes

Preparer

Firm
RightTaxMate Inc
Address
633 E Fernhurst Dr Unit 1001, Katy, TX 77450
Preparer
Gangaraju Hanumaiah
Phone
8442981040
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Other income $30598”

Other Expenses.1009

“Depreciation $459”

Other Expenses.1

“Artist Payment $14099”

Other Expenses.3

“Dues and Subcription $678”

Other Expenses.4

“Event Expense $313”

Other Expenses.5

“Donation $303”

Other Expenses.6

“Supplies $291”

Other Expenses.7

“Membership Fee $90”

Other Expenses.8

“Offshore Expense $-3903”

Other Expenses.9

“Contract payment $-10000”

Other Assets.1003

“Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $1830”

Total Liabilities.1

“SBA LOAN - Beginning $25598 SBA LOAN - Ending $0”

Raw XML Appendix157 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MOUSUMI BANERJEE
IRS990EZ/BooksInCareOfDetail/PhoneNum02812779827
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt09476 HWY 6 SOUTH
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HOUSTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd077083
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt017956
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt019766
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0335
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt029238
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt017956
IRS990EZ/Form990TotalAssetsGrp/EOYAmt021596
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt032433
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-7642
IRS990EZ/NetAssetsOrFundBalancesEOYAmt021596
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-7642
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt021596
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MOUSUMI BANERJEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1NEIL BANERJEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DIPAYAN BHATTACHRYA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01830
IRS990EZ/OtherExpensesTotalAmt02330
IRS990EZ/OtherRevenueTotalAmt030598
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE INDO-AMERICAN CULTURAL ARTS IN TEXAS, BRING THE DIVERSE COMMUNITIES OF TEXAS TOGETHER, TALENT PROMOTION, CONCERT PROMOTION, EDUCATE THE STUDENTS WITH ORGANIZATION AND MANAGEMENT SKILLS. PROVIDE VARIOUS PROGRAMS AND RECREATION AND LEISURE ACTIVITIES FOR THE EMPOWERMENT AND ENHANCEMENT OF SENIOR COMMUNITY OF GREATER HOUSTON.
IRS990EZ/PrintingPublicationsPostageAmt0865
IRS990EZ/ProgramServiceRevenueAmt01500
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Indo-American Cultural Arts in Texas
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt025598
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt03195
IRS990EZ/TotalRevenueAmt032433
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt022730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt018074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt067790
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.80340
IRS990ScheduleA/PublicSupportTotal170Amt067790
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06835
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt022730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt018074
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt067790
IRS990ScheduleA/TotalSupportAmt067790
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other income $30598
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $459
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Artist Payment $14099
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Dues and Subcription $678
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Event Expense $313
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Donation $303
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Supplies $291
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Membership Fee $90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Offshore Expense $-3903
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Contract payment $-10000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $1830
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11SBA LOAN - Beginning $25598 SBA LOAN - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mousumi Banerjee
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MB FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MBFO
ReturnHeader/Filer/EIN0842955915
ReturnHeader/Filer/PhoneNum02812779827
ReturnHeader/Filer/USAddress/AddressLine1Txt09476 HWY 6 SOUTH
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077083
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843398965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RightTaxMate Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0633 E Fernhurst Dr Unit 1001
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Katy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077450
ReturnHeader/PreparerPersonGrp/PhoneNum08442981040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gangaraju Hanumaiah
ReturnHeader/ReturnTs02023-11-15T10:13:56-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Mousumi
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Banerjee
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 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,596
Liabilities
$0
Net assets
$21,596
Revenue
$32,433
Expenses
$3,195
Net income
$29,238
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$21.6$0.00$21.6$32.4$3.20$29.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.0$25.6$7.64$20.2$33.6$13.4
2020Detailed filing. Detailed filing data is available for this year.$8.13$8.13$25.1$20.2$4.95
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$3.18$18.1$14.9$3.18