Civic Intelligence

Ink Global Foundation

990 • Fiscal year 2020 • EIN 84-5191117

Apr 09, 2020 to Dec 31, 2020 • Filed on Oct 05, 2021

Organization ProfileWWW.INKGLOBALFOUNDATION.ORG
27860 Fawn Creek CourtLos Altos Hills, CA 94022

(510) 449-1475

Siviq Scores

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

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.02x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

85th percentile

43%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

$99,819

No earlier filing loaded for comparison.

Net Assets

$95,629

No earlier filing loaded for comparison.

Liabilities

$4,190

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin85th percentile

Revenue

$224,436

No earlier filing loaded for comparison.

Expenses

$128,807

No earlier filing loaded for comparison.

Net Income

$95,629

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2020: $99,819Liabilities 2020: $4,190Net Assets 2020: $95,6292020Assets 2021: $25,615Liabilities 2021: $0Net Assets 2021: $25,6152021Assets 2022: $237,352Liabilities 2022: $560Net Assets 2022: $236,7922022Assets 2023: $302,404Liabilities 2023: $0Net Assets 2023: $302,4042023Assets 2024: $64,978Liabilities 2024: $1,244Net Assets 2024: $63,7342024

Highlighted filing

2020

Assets$99,819
Liabilities$4,190
Net Assets$95,629
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200K-$400KRevenue 2020: $224,436Expenses 2020: $128,807Net Income 2020: $95,6292020Revenue 2021: $97,090Expenses 2021: $167,104Net Income 2021: -$70,0142021Revenue 2022: $314,260Expenses 2022: $103,083Net Income 2022: $211,1772022Revenue 2023: $286,914Expenses 2023: $221,302Net Income 2023: $65,6122023Revenue 2024: $28,768Expenses 2024: $267,438Net Income 2024: -$238,6702024

Highlighted filing

2020

Revenue$224,436
Expenses$128,807
Net Income$95,629
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Apr 9, 2020 to Dec 31, 2020
Signed
Oct 5, 2021
Return Version
2020v4.0
Gross Receipts
$224,436
Mission and Program Overview

Mission

Providing global innovators from india the means to accelerate their journey to success - by establishing a network of activities and creating a strong peernetwork for a long term self-sustainable model.

Ink global foundation is on a mission to provide international exposure and necessary resources to the global innovators from india to accelerate their journey to success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$99,819-
Total Assets$0$99,819▲ $99,819
Liabilities
Accounts Payable and Accrued Expenses-$4,190-
Total Liabilities$0$4,190▲ $4,190
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$95,629-
Total Net Assets Fund Balance$0$95,629▲ $95,629
Total Liabilities and Net Assets / Fund Balance$0$99,819▲ $99,819
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Lakshmi PraturyPresident
Balakrishnan IyerBoard Member
Geetika TewariDirector Pro
Anuradha SethuramExecutive Di
Rajat RakkhitTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ixoraa Media INCMgmt Consult2010 EL CAMINO REAL 2004, Santa Clara, CA 95050$124,102
Revenue and Support

Revenue Composition

Contributions and Grants
$224,304
Program Service Revenue
$132
Investment Income
$0
Other Revenue
$0
All Other Contributions
$224,304
Change in Net Assets
$95,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,807
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
Fees for Services Other$121,702--$121,702
Travel$6,589--$6,589
Information Technology$369--$369
Office Expenses-$147-$147
Total Functional Expenses$128,660$147$0$128,807
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-35% OWNERConsultant FeesNo$124,102
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“The bylaws of the agency include comprehensive narrative regarding the conflict of interest policy of the agency. Included is the following duty to disclose: in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.”

Form 990, Page 6, Part VI, Line 15A

“The board members of the agency currently serve the function of the managing partners, without compensation. If a managing officer were hired, the salary would be based on the compensation of managing officers of agencies of similar size, field and location to ink global foundation.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Ink Global Foundation
EIN
84-5191117
Phone
5104491475
Address
27860 FAWN CREEK COURT, LOS ALTOS HILLS, CA 94022

Signing Officer

Name
Anuradha Sethuram
Title
Executive Director
Phone
5104491475
Signed
2021-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anuradha Sethuram
Formed
2020
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Marjtax Incorporated
Address
3542 FRUITVALE AVE, OAKLAND, CA 94602-2327
Preparer
Marjorie Williams-jones
Phone
5104826204
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Infrastructure + program mgmt 121,702 0 0”

Raw XML Appendix318 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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IRS990/MissionDesc0PROVIDING GLOBAL INNOVATORS FROM INDIA THE MEANS TO ACCELERATE THEIR JOURNEY TO SUCCESS - BY ESTABLISHING A NETWORK OF ACTIVITIES AND CREATING A STRONG PEERNETWORK FOR A LONG TERM SELF-SUSTAINABLE MODEL.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CURRENTLY, OUR PROGRAM SELECTS AND SUPPORTS INNOVATORS FROM ACROSS THE GLOBE WHO ARE WORKING TOWARDS PERSISTENT INTERNATIONAL ISSUES AND CREATING SOLUTIONS THAT CAN BE USED AND ADAPTED WORLDWIDE. STARTED IN 2010, THE INK FELLOWS PROGRAM IS A GLOBAL CROSS-DISCIPLINARY COMMUNITY OF YOUNG PATH- BREAKERS WHO, WE BELIEVE, WILL BE THE SHAPERS OF TOMORROW. EVERY YEAR, FROM THOUSANDS OF APPLICATIONS, WE IDENTIFY 20 YOUNG MINDS THAT ARE REDEFINING THEIR FIELDS OF EXPERTISE AND THE WORLD AROUND THEM. TODAY THE PROGRAM HAS GROWN INTO A STEADFAST NETWORK OF OVER-220 YOUNG THINKERS FROM DIVERSE DISCIPLINES AND CONTINENTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0IN ADDITION, WE ARE DESIGNING WOMEN'S INK, WHICH IS A FELLOWSHIP TO IDENTIFY AND NURTURE MID CAREER WOMEN (FOCUS ON DIVERSITY OF DISCIPLINE, AGE, ECONOMIC STRATA, DISABILITY) THE MISSION OF ALL THE PROGRAMS HOSTED BY THE FOUNDATION IS TO ACCELERATE THE JOURNEY OF CHANGEMAKERS, BY GIVING THEM A PLATFORM FOR INTERNATIONAL EXPOSURE, A STRONG PEER NETWORK, SPURRING COLLABORATIONS, FUNDING AND MENTORSHIP SUPPORT. WE AIM TO IDENTIFY THESE CHANGEMAKERS AND HELP THEM SUCCEED, BY GIVING VOICE TO THEIR UNTOLD STORIES AND VISIBILITY TO THEIR INNOVATIVE SOLUTIONS
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0LAKSHMI PRATURY, A VOTING BOARD MEMBER, OWNS MORE THAN 35% INTEREST IN IXORAA MEDIA. INK GLOBAL AND IXORAA MEDIA HAVE AN ARM'S LENGTH TRANSACTION AND RELATED PART TRANSACTION AND INTER-COMPANY AGREEMENT OUTLINING THE WORK THAT IXORAA MEDIA HAS PERFORMED FOR INK GLOBAL. THE COMPENSATION FOR SERVICES PAID BY INK GLOBAL TO IXORAA MEDIA IS THE SAME AS WOULD BE CHARGED BY A DISINTERESTED THIRD PARTY. NEITHER LAKSHMI PRATURY NOR ANY OTHER BOARD MEMBERS RECEIVE PERSONAL COMPENSATION FROM EITHER IXORAA MEDIA OR INK GLOBAL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BYLAWS OF THE AGENCY INCLUDE COMPREHENSIVE NARRATIVE REGARDING THE CONFLICT OF INTEREST POLICY OF THE AGENCY. INCLUDED IS THE FOLLOWING DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS OF THE AGENCY CURRENTLY SERVE THE FUNCTION OF THE MANAGING PARTNERS, WITHOUT COMPENSATION. IF A MANAGING OFFICER WERE HIRED, THE SALARY WOULD BE BASED ON THE COMPENSATION OF MANAGING OFFICERS OF AGENCIES OF SIMILAR SIZE, FIELD AND LOCATION TO INK GLOBAL FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INFRASTRUCTURE + PROGRAM MGMT 121,702 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt099819
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt099819
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0224304
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0128660
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128807
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt04190
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt04190
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt095629
IRS990/TotalProgramServiceExpensesAmt0128660
IRS990/TotalProgramServiceRevenueAmt0132
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0132
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0224436
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt099819
IRS990/TravelGrp/ProgramServicesAmt06589
IRS990/TravelGrp/TotalAmt06589
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt027860 FAWN CREEK COURT
IRS990/USAddress/CityNm0LOS ALTOS HILLS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094022
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.INKGLOBALFOUNDATION.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANURADHA SETHURAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05104491475
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INK GLOBAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0INKG
ReturnHeader/Filer/EIN0845191117
ReturnHeader/Filer/PhoneNum05104491475
ReturnHeader/Filer/USAddress/AddressLine1Txt027860 FAWN CREEK COURT
ReturnHeader/Filer/USAddress/CityNm0LOS ALTOS HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094022
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454570537
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARJTAX INCORPORATED
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03542 FRUITVALE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0946022327
ReturnHeader/PreparerPersonGrp/PhoneNum05104826204
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARJORIE WILLIAMS-JONES
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-10-08T13:45:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANURADHA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SETHURAM
ReturnHeader/TaxPeriodBeginDt02020-04-09
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$99,819
Liabilities
$4,190
Net assets
$95,629
Revenue
$224,436
Expenses
$128,807
Net income
$95,629
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.64$0.29$2.67$2.39
2023Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$2.87$2.21$0.66
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.37$3.14$1.03$2.11
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.97$1.67$0.70
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.04$0.96$2.24$1.29$0.96