Civic Intelligence

Jumabhagat Foundation

990 • Fiscal year 2024 • EIN 84-3512409

Jan 01, 2024 to Dec 31, 2024 • Filed on Sep 12, 2025

15 Windsor RidgeFrisco, TX 75034

(214) 693-2415

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

81st percentile

36%

Faster asset growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$34,243

Up $9,059 (+36%) from 2023

Net Assets

Up

$34,243

Up $9,059 (+36%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Down

$0

Down $21 (-100%) from 2023

Expenses

Up

$65,941

Up $36,478 (+124%) from 2023

Net Income

Down

-$65,941

Down $36,499 (-124%) from 2023

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 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

2024

Assets$34,243
Liabilities$0
Net Assets$34,243

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 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

2024

Revenue$0
Expenses$65,941
Net Income-$65,941
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 12, 2025
Return Version
2024v5.2
Gross Receipts
$0
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$25,000$100,000▲ $75,000
Cash and Non-Interest-Bearing Accounts$25,164$34,222▲ $9,058
Savings and Temporary Cash Investments$20$20→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$184$-65,757▼ $65,941
Total Assets$25,184$34,243▲ $9,059
Other Assets Total-$1-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,184$34,243▲ $9,059
Total Liabilities and Net Assets / Fund Balance$25,184$34,243▲ $9,059
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mherajali JumabhagatPresident
Semin JumabhagatSecretary
Malik BhagatTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-65,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$65,666
Other Expenses$275
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$65,666--$65,666
Fees for Services Accounting$275--$275
Total Functional Expenses$65,941$0$0$65,941
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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

Form 990, Part VI, Section A, Line 2

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

Form 990, Part VI, Section B, Line 11B

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

Form 990, 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 posssible 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 of 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.

Form 990, Part VI, Section B, Line 15A

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

Form 990, 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.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Jumabhagat Foundation
EIN
84-3512409
Phone
2146932415
Address
15 Windsor Ridge, Frisco, TX 75034

Signing Officer

Name
Mherajali Jumabhagat
Title
Director
Signed
2025-09-12
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 & Company Cpas
Address
5525 N MACARTHUR BLVD STE 135, IRVING, TX 75038
Preparer
Vincent Porter
Phone
8172612582
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Capital Contributed = $75000

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mherajali Jumabhagat is the husband of Semin Jumabhagat and the father of Malik BHAGAT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed the return to ensure accuracy of numbers and response to questions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2As 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 posssible 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 of 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/ExplanationTxt3No compensation has been given or determined toward any director or officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No one was hired to work for Jumabhagat foundation. Jumabhagat Foundation did not compensate or determine compensation for anyone.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Upon request we will emial the governing documents, conflict of interest policy, and financial statements to the person or entity making the request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Capital Contributed = $75000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mherajali Jumabhagat
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Jumabhagat Foundation
ReturnHeader/Filer/BusinessNameControlTxt0JUMA
ReturnHeader/Filer/EIN0843512409
ReturnHeader/Filer/PhoneNum02146932415
ReturnHeader/Filer/USAddress/AddressLine1Txt015 Windsor Ridge
ReturnHeader/Filer/USAddress/CityNm0Frisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075034
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271505915
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PORTER & COMPANY CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05525 N MACARTHUR BLVD STE 135
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075038
ReturnHeader/PreparerPersonGrp/PhoneNum08172612582
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Vincent Porter
ReturnHeader/ReturnTs02025-09-12T11:45:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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