Civic Intelligence

Globalnagari Foundation Inc.

990 • Fiscal year 2023 • EIN 84-5002967

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 30, 2024

Organization ProfileGLOBALNAGARI.ORG
4 Richmond CTPrinceton Junction, NJ 08550

(937) 594-5974

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

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

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.00x

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

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Net Margin

94th percentile

86%

Higher net margin than 94% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2023 filings • NTEE P20 • <$500k nonprofits • Source year 2023

Asset Growth

85th percentile

83%

Faster asset growth than 85% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-82%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • NTEE P20 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Flat

$34,290

Flat from 2023

Net Assets

Flat

$34,290

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin94th percentile

Revenue

Flat

$18,070

Flat from 2023

Expenses

Flat

$2,505

Flat from 2023

Net Income

Flat

$15,565

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$40K$30K$20K$10K$0Assets 2021: $18,043Liabilities 2021: $0Net Assets 2021: $18,0432021Assets 2022: $18,725Liabilities 2022: $0Net Assets 2022: $18,7252022Assets 2023: $34,290Liabilities 2023: $0Net Assets 2023: $34,2902023Assets 2023: $34,290Liabilities 2023: $0Net Assets 2023: $34,2902023

Highlighted filing

2023

Assets$34,290
Liabilities$0
Net Assets$34,290
Open 2023 Filing

Operations Trend

Revenue Growth8th percentile

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

$400K$300K$200K$100K$0Revenue 2021: $301,111Expenses 2021: $291,488Net Income 2021: $9,6232021Revenue 2022: $102,259Expenses 2022: $101,577Net Income 2022: $6822022Revenue 2023: $18,070Expenses 2023: $2,505Net Income 2023: $15,5652023Revenue 2023: $18,070Expenses 2023: $2,505Net Income 2023: $15,5652023

Highlighted filing

2023

Revenue$18,070
Expenses$2,505
Net Income$15,565
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 30, 2024
Return Version
2023v5.0
Gross Receipts
$18,070
Mission and Program Overview

Mission

Globalnagari foundation, inc. Is a non-profit organization and is actively involved in service for social awareness and advancement of education. It also supports other global charitable organizations that promote research and education for human welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$18,725$34,290▲ $15,565
Rtn Earn Endowment Incm Other Fnds$18,725$34,290▲ $15,565
Total Assets$18,725$34,290▲ $15,565
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,725$34,290▲ $15,565
Total Liabilities and Net Assets / Fund Balance$18,725$34,290▲ $15,565
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
Kishore GorePresident
Kajal ShindeVice President
Snehal ShindeVice President
Rashmi KaleBoard Member
Avinash MehetreSecretary
Mangesh BarhateTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,070
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$18,070
Change in Net Assets
$15,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,505
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
Information Technology-$1,379-$1,379
Fees for Services Accounting-$750-$750
Advertising$343--$343
Office Expenses-$33-$33
Total Functional Expenses$343$2,162$0$2,505
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
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

“Minutes of the meeting are maintained by the secretary”

Form 990 governing body review Part VI line 11

“A copy of form 990 is presented to all members of governing body before filing the form. The treasurer answers any questions regarding the information contained in the tax return to the members of the governing body. After the approval, the tax return is signed by the authorized officer.”

Form 990 availability to public Part VI line 18

“Form 990 is available for public inspection upon submission of written request to the president”

Governing documents etc available to public Part VI line 19

“Documents and financial statements will be made available to the public pursuant to the written request submitted to the president”

Filing and Contact Details

Filer

Filer Name
Globalnagari Foundation Inc
EIN
84-5002967
Address
4 RICHMOND CT, PRINCETON JUNCTION, NJ 08550

Signing Officer

Name
Mangesh Barhate
Title
Treasurer
Phone
9375945974
Signed
2024-04-30
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
100

Preparer

Firm
Kapital Excelsior Inc
Address
1177 Avenue of the Americas Floor 5, New York, NY 10036
Preparer
Ronak K Brahmbhatt CPA CFA EA
Phone
6469646462
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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,290
Liabilities
$0
Net assets
$34,290
Revenue
$18,070
Expenses
$2,505
Net income
$15,565
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.18$0.03$0.16
2023Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$0.18$0.03$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$1.02$1.02$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.00$0.18$3.01$2.91$0.10