Jumabhagat Foundation

990 • Fiscal year 2021 • EIN 84-3512409

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 08, 2022

Organization Profile N/A

15 Windsor RdgFrisco, TX 75034

(214) 693-2415

Siviq Scores

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

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

-45622%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

-53%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

-100%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets56th percentile

Assets

Down

$20,434

Down $23,267 (-53%) from 2020

Net Assets

Down

$20,434

Down $23,267 (-53%) from 2020

Liabilities

Flat

Flat from 2020

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin1st percentile

Revenue

Down

$51

Down $25,292 (-100%) from 2020

Expenses

$23,318

Up $19,351 (+488%) from 2020

Net Income

Down

-$23,267

Down $44,643 (-209%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

Highlighted filing

2021

Assets$20,434

Liabilities$0

Net Assets$20,434

Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

Highlighted filing

2021

Revenue$51

Expenses$23,318

Net Income-$23,267

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: Aug 8, 2022
Return Version: 2021v4.2
Gross Receipts: $51

Mission and Program Overview

Mission

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

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Rtn Earn Endowment Incm Other Fnds	$43,701	$20,434	▼ $23,267
Cash and Non-Interest-Bearing Accounts	$10,832	$12,514	▲ $1,682
Savings and Temporary Cash Investments	$32,869	$7,920	▼ $24,949
Total Assets	$43,701	$20,434	▼ $23,267
Liabilities
Total Liabilities	$0	$0	→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance	$43,701	$20,434	▼ $23,267
Total Liabilities and Net Assets / Fund Balance	$43,701	$20,434	▼ $23,267

Compensation and Service Providers

Top Officer Pay77th percentile

Board Members and Trustees

Name	Title
Mherajali Jumabhagat	Director
Malik	Bhagat
Semin	Jumabhagat

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $0
Investment Income: $51
Other Revenue: $0
Change in Net Assets: $-23,267

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Grants and Similar Amounts Paid	$23,043
Other Expenses	$275
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Grants to Domestic Individuals	$23,043	-	-	$23,043
Other Expenses	$275	-	-	$275
Total Functional Expenses	$23,318	$0	$0	$23,318

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
In-house lobbying only: No
Subject to proxy tax: No

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
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 15B

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

PART VI, SECTION B, LINE 15A

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

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. 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 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: 2022-08-08
Discuss with paid preparer: Yes

Organization Details

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

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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/ExplanationTxt	0	Mherajali Jumabhagat is the husband of Semin Jumabhagat and the father of Malik BHAGAT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Reviewed the return to ensure accuracy of numbers and responses to questions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	No one was hired to work for Jumabhagat Foundation. Jumabhagat Foundation did not compensate or determine compensation for anyone.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	No compensation has been given or determined toward any director or officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	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. 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/ExplanationTxt	5	Upon request we will email the governing documents, conflict of interest policy, and finanical statements to the person or entity making the request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	Responsible for the overall operation of the organization and ensures that the organization is in compliance with all laws and regulations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	7	Responsible for recordkeeping, organizing and coordinating meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	8	He handles the financial accounting for Jumabhagat Foundation.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	PART VI, SECTION B, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	PART VI, SECTION B, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	PART VI, SECTION B, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	PART VII, COLUMN B, HOURS PER WEEK
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	7	PART VII, COLUMN B, HOURS PER WEEK
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	8	PART VII, COLUMN B, HOURS PER WEEK
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ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	JUMABHAGAT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	JUMA
ReturnHeader/Filer/EIN	0	843512409
ReturnHeader/Filer/PhoneNum	0	2146932415
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	15 WINDSOR RDG
ReturnHeader/Filer/USAddress/CityNm	0	FRISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	TX
ReturnHeader/Filer/USAddress/ZIPCd	0	75034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	271505915
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	PORTER AND COMPANY CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	5525 N MACARTHUR BLVD STE 135
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	IRVING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	75038
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8172612582
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-08-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	VINCENT PORTER
ReturnHeader/ReturnTs	0	2022-08-11T22:10:07-05:00
ReturnHeader/ReturnTypeCd	0	990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	MHERAJALI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	JUMABHAGAT
ReturnHeader/TaxPeriodBeginDt	0	2021-01-01
ReturnHeader/TaxPeriodEndDt	0	2021-12-31
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $20,434
Liabilities: $0
Net assets: $20,434
Revenue: $51
Expenses: $23,318
Net income: -$23,267

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$34.2	$0.00	$34.2	$0.00	$65.9	$65.9
2023Summary only. Only limited summary data is available for this year.	$25.2	$0.00	$25.2	$0.02	$29.5	$29.4
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.	$29.6	$0.00	$29.6	$25.0	$15.8	$9.19
2021Detailed filing. Detailed filing data is available for this year.	$20.4	$0.00	$20.4	$0.05	$23.3	$23.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$43.7	$0.00	$43.7	$25.3	$3.97	$21.4
2019Summary only. Only limited summary data is available for this year.	$22.3	$0.00	$22.3	$25.0	$2.70	$22.3