Civic Intelligence

Jumabhagat Foundation

990 • Fiscal year 2019 • EIN 84-3512409

Oct 18, 2019 to Dec 31, 2019 • Filed on Aug 20, 2020

15 Windsor RdgFrisco, TX 75034

(214) 693-2415

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

Flat

$22,325

Flat from 2019

Net Assets

Flat

$22,325

Flat from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Flat

$25,025

Flat from 2019

Expenses

Flat

$2,700

Flat from 2019

Net Income

Flat

$22,325

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2019: $22,325Liabilities 2019: $0Net Assets 2019: $22,3252019Assets 2019: $22,325Liabilities 2019: $0Net Assets 2019: $22,3252019Assets 2020: $43,701Liabilities 2020: $0Net Assets 2020: $43,7012020Assets 2021: $20,434Liabilities 2021: $0Net Assets 2021: $20,4342021Assets 2022: $29,626Liabilities 2022: $0Net Assets 2022: $29,6262022Assets 2023: $25,184Liabilities 2023: $0Net Assets 2023: $25,1842023Assets 2024: $34,243Liabilities 2024: $0Net Assets 2024: $34,2432024

Highlighted filing

2019

Assets$22,325
Liabilities$0
Net Assets$22,325

Operations Trend

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

$100K$50K$0-$50K-$100KRevenue 2019: $25,025Expenses 2019: $2,700Net Income 2019: $22,3252019Revenue 2019: $25,025Expenses 2019: $2,700Net Income 2019: $22,3252019Revenue 2020: $25,343Expenses 2020: $3,967Net Income 2020: $21,3762020Revenue 2021: $51Expenses 2021: $23,318Net Income 2021: -$23,2672021Revenue 2022: $25,027Expenses 2022: $15,835Net Income 2022: $9,1922022Revenue 2023: $21Expenses 2023: $29,463Net Income 2023: -$29,4422023Revenue 2024: $0Expenses 2024: $65,941Net Income 2024: -$65,9412024

Highlighted filing

2019

Revenue$25,025
Expenses$2,700
Net Income$22,325
Jump To
Filing Snapshot
Filing Period
Oct 18, 2019 to Dec 31, 2019
Signed
Aug 20, 2020
Return Version
2019v5.1
Gross Receipts
$25,025
Mission and Program Overview

Mission

Foster large-scale global impact that promotes the well-being of humanity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$22,325-
Savings and Temporary Cash Investments-$17,525-
Cash and Non-Interest-Bearing Accounts-$4,800-
Total Assets$0$22,325▲ $22,325
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$22,325▲ $22,325
Total Liabilities and Net Assets / Fund Balance$0$22,325▲ $22,325
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mherajali JumabhagatDirector
MalikBhagat
SeminJumabhagat
Revenue and Support

Revenue Composition

Contributions and Grants
$25,000
Program Service Revenue
$0
Investment Income
$25
Other Revenue
$0
All Other Contributions
$25,000
Change in Net Assets
$22,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,700
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-$600-$600
Total Functional Expenses$0$2,700$0$2,700
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 2

Mherajali Jumabhagat is the husband of Semin Jumabhagat and the father of Malik Bhagat

Part VI, Section B, Line 11

Reviewed the return to ensure accuracy of numbers and responses to questions.

PART VI, SECTION B, LINE 12C

As per the conflict of interest policy in Article III Line 3, the procedures we would follow are: a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/ she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement isn???t reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization s best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.

PART VI, SECTION B, LINE 15A

No compensation has been given or determined toward any director or officer.

PART VI, SECTION B, LINE 15B

No one was hired to work for Jumabhagat Foundation. Jumabhagat Foundation did not compensate or determine compensation for anyone.

Part VI, Section C, Line 19

Upon request we will email the governing documents, conflict of interest policy, and finanical statements to the person or entity making the request.

Part VII, Column B, Hours Per Week

Responsible for the overall operation of the organization and ensures that the organization is in compliance with all laws and regulations.

Part VII, Column B, Hours Per Week

Responsible for recordkeeping, organizing and coordinating meeting minutes.

Part VII, Column B, Hours Per Week

He handles the financial accounting for Jumabhagat Foundation.

Filing and Contact Details

Filer

Filer Name
Jumabhagat Foundation
EIN
84-3512409
Phone
2146932415
Address
15 WINDSOR RDG, FRISCO, TX 75034

Signing Officer

Name
Mherajali Jumabhagat
Title
Director
Phone
2146932415
Signed
2020-08-20
Discuss with paid preparer
No

Organization Details

Principal Officer
Mherajali Jumabhagat
Formed
2019
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Porter and Company Cpas
Address
5525 N MACARTHUR BLVD STE 135, IRVING, TX 75038
Preparer
Vincent Porter
Phone
8172612582
Supplemental Narrative

Additional Explanations

Form 990 - Supplemental Information

Part V Line 14a - did not receive payments for indoor tanning services. We do not provide such services at all. This question is not applicable to us.

Raw XML Appendix285 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mherajali Jumabhagat is the husband of Semin Jumabhagat and the father of Malik Bhagat
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Part V Line 14a - did not receive payments for indoor tanning services. We do not provide such services at all. This question is not applicable to us.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed the return to ensure accuracy of numbers and responses to questions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3As per the conflict of interest policy in Article III Line 3, the procedures we would follow are: a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/ she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement isn???t reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization s best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No compensation has been given or determined toward any director or officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No one was hired to work for Jumabhagat Foundation. Jumabhagat Foundation did not compensate or determine compensation for anyone.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Upon request we will email the governing documents, conflict of interest policy, and finanical statements to the person or entity making the request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Responsible for the overall operation of the organization and ensures that the organization is in compliance with all laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Responsible for recordkeeping, organizing and coordinating meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9He handles the financial accounting for Jumabhagat Foundation.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - SUPPLEMENTAL INFORMATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION B, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART VII, COLUMN B, HOURS PER WEEK
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PART VII, COLUMN B, HOURS PER WEEK
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART VII, COLUMN B, HOURS PER WEEK
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