Civic Intelligence

Mb Foundation

990EZ • Fiscal year 2023 • EIN 84-2955915

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 29, 2024

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.

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

8th percentile

-66%

Higher net margin than 8% 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

4th percentile

-88%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$2,598

Down $18,998 (-88%) from 2022

Net Assets

Down

$2,598

Down $18,998 (-88%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin8th percentile

Revenue

Down

$28,691

Down $3,742 (-12%) from 2022

Expenses

Up

$47,689

Up $44,494 (+1393%) from 2022

Net Income

Down

-$18,998

Down $48,236 (-165%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth4th 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: $21,596Net Assets 2022: $21,5962022Assets 2023: $2,598Liabilities 2023: $0Net Assets 2023: $2,5982023

Highlighted filing

2023

Assets$2,598
Liabilities$0
Net Assets$2,598
Open 2023 Filing

Operations Trend

Revenue Growth32nd percentile

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

$60K$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: $29,2382022Revenue 2023: $28,691Expenses 2023: $47,689Net Income 2023: -$18,9982023

Highlighted filing

2023

Revenue$28,691
Expenses$47,689
Net Income-$18,998
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 29, 2024
Return Version
2023v5.1
Gross Receipts
$28,691
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 BHATTACHRYADirector-$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
2024-10-29
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 $5153”

Other Expenses.1001

“Advertising and Promotion $1500”

Other Expenses.1005

“Travel $4244”

Other Expenses.1009

“Depreciation $733”

Other Expenses.1

“Artist Payment $30039”

Other Expenses.2

“Sounds & Lights $7720”

Other Expenses.4

“Legal & Professional $1040”

Other Expenses.5

“Dues and Subcription $808”

Other Expenses.6

“Event Expense $430”

Other Expenses.7

“Bank Charges $30”

Other Expenses.8

“Meals & Entertainment $14”

Other Expenses.9

“Supplies $13”

Other Assets.1003

“Machinery and Equipment - Beginning $1830 Machinery and Equipment - Ending $1097”

Raw XML Appendix154 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/BOYAmt019766
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01501
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt023538
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-18998
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt021596
IRS990EZ/Form990TotalAssetsGrp/EOYAmt02598
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt028691
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt021596
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02598
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt021596
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02598
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
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/BOYAmt01830
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01097
IRS990EZ/OtherExpensesTotalAmt046571
IRS990EZ/OtherRevenueTotalAmt05153
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/PrintingPublicationsPostageAmt01118
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Indo-American Cultural Arts in Texas
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt047689
IRS990EZ/TotalRevenueAmt028691
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt023538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt022730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt018074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt091328
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt091328
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt023538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06835
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt022730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt018074
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt091328
IRS990ScheduleA/TotalSupportAmt091328
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other income $5153
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $1500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $4244
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $733
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Artist Payment $30039
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Sounds & Lights $7720
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Legal & Professional $1040
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Dues and Subcription $808
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Event Expense $430
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Bank Charges $30
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Meals & Entertainment $14
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Supplies $13
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Machinery and Equipment - Beginning $1830 Machinery and Equipment - Ending $1097
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Assets.1003
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mousumi Banerjee
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-29
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/ReturnTs02024-11-06T01:34:31-08:00
ReturnHeader/ReturnTypeCd0990EZ
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
$2,598
Liabilities
$0
Net assets
$2,598
Revenue
$28,691
Expenses
$47,689
Net income
-$18,998
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$28.7$47.7$19.0
2022Detailed filing. Detailed filing data is available for this year.$21.6$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