Civic Intelligence

Laxmi Narayan Dev Spiritual Organization

990 • Fiscal year 2021 • EIN 87-0804825

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

48437 Warm Springs BlvdFremont, CA 94539

(510) 501-1427

Siviq Scores

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

Liabilities / Assets

80th percentile

0.39x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

4.86x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

92nd percentile

64%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

41st percentile

5.4%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

73rd percentile

43%

Faster revenue growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,584,973

Up $80,537 (+5.4%) from 2020

Net Assets

Up

$960,015

Up $81,993 (+9.3%) from 2020

Liabilities

Down

$624,958

Down $1,456 (-0.2%) from 2020

Revenue

Up

$128,489

Up $38,719 (+43%) from 2020

Expenses

Up

$46,496

Up $16,442 (+55%) from 2020

Net Income

Up

$81,993

Up $22,277 (+37%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $175,793Liabilities 2011: $02011Assets 2012: $410,519Liabilities 2012: $225,001Net Assets 2012: $185,5182012Assets 2013: $1,203,351Liabilities 2013: $918,512Net Assets 2013: $284,8392013Assets 2014: $1,221,195Liabilities 2014: $850,002Net Assets 2014: $371,1932014Assets 2015: $1,174,177Liabilities 2015: $794,122Net Assets 2015: $380,0552015Assets 2016: $1,196,769Liabilities 2016: $769,122Net Assets 2016: $427,6472016Assets 2017: $1,249,445Liabilities 2017: $751,782Net Assets 2017: $497,6632017Assets 2018: $1,400,441Liabilities 2018: $751,941Net Assets 2018: $648,5002018Assets 2019: $1,477,659Liabilities 2019: $659,353Net Assets 2019: $818,3062019Assets 2020: $1,504,436Liabilities 2020: $626,414Net Assets 2020: $878,0222020Assets 2021: $1,584,973Liabilities 2021: $624,958Net Assets 2021: $960,0152021Assets 2022: $1,731,864Liabilities 2022: $610,658Net Assets 2022: $1,121,2062022Assets 2023: $2,319,808Liabilities 2023: $777,478Net Assets 2023: $1,542,3302023Assets 2024: $4,755,597Liabilities 2024: $2,226,517Net Assets 2024: $2,529,0802024

Highlighted filing

2021

Assets$1,584,973
Liabilities$624,958
Net Assets$960,015

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2011: $86,391Expenses 2011: $2,483Net Income 2011: $83,9082011Revenue 2012: $14,572Expenses 2012: $4,847Net Income 2012: $9,7252012Revenue 2013: $144,697Expenses 2013: $45,376Net Income 2013: $99,3212013Revenue 2014: $141,567Expenses 2014: $55,213Net Income 2014: $86,3542014Revenue 2015: $64,994Expenses 2015: $48,323Net Income 2015: $16,6712015Revenue 2016: $91,439Expenses 2016: $38,846Net Income 2016: $52,5932016Revenue 2017: $124,660Expenses 2017: $54,644Net Income 2017: $70,0162017Revenue 2018: $301,149Expenses 2018: $41,556Net Income 2018: $259,5932018Revenue 2019: $110,962Expenses 2019: $49,912Net Income 2019: $61,0502019Revenue 2020: $89,770Expenses 2020: $30,054Net Income 2020: $59,7162020Revenue 2021: $128,489Expenses 2021: $46,496Net Income 2021: $81,9932021Revenue 2022: $190,959Expenses 2022: $29,768Net Income 2022: $161,1912022Revenue 2023: $447,233Expenses 2023: $59,687Net Income 2023: $387,5462023Revenue 2024: $1,016,841Expenses 2024: $77,453Net Income 2024: $939,3882024

Highlighted filing

2021

Revenue$128,489
Expenses$46,496
Net Income$81,993
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.1
Gross Receipts
$128,489
Mission and Program Overview

Mission

To develop spiritual aspect of life

Get to gether for festivals and spiritual services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,301,952$1,353,000▲ $51,048
Rtn Earn Endowment Incm Other Fnds$878,022$960,015▲ $81,993
Cash and Non-Interest-Bearing Accounts$202,484$231,973▲ $29,489
Total Assets$1,504,436$1,584,973▲ $80,537
Liabilities
Mortgage Notes Payable Secured by Investment Property$388,574$387,118▼ $1,456
Unsecured Notes Loans Payable$237,840$237,840→ $0
Total Liabilities$626,414$624,958▼ $1,456
Net Assets / Fund Balance
Total Net Assets Fund Balance$878,022$960,015▲ $81,993
Total Liabilities and Net Assets / Fund Balance$1,504,436$1,584,973▲ $80,537

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,353,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Swetal PatelPresident
Dhiraj ZalavadVice President
Ganulal PatelTrustee
Ghanshyam PateTrustee
Kunal DesaiTrustee
Ramesh PatelTrustee
Dhiren ShahJt Secretary
Udvit MehtaJt Treasurer
Hitesh PanchalSecretary
Nikesh PatelTreasurer
Rajendra PatelTrustree
Revenue and Support

Revenue Composition

Contributions and Grants
$128,482
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$0
All Other Contributions
$128,482
Change in Net Assets
$81,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,496
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$18,060--$18,060
Fees for Services Legal$2,793--$2,793
Office Expenses$965--$965
Conferences and Meetings$816--$816
Insurance$769--$769
Total Functional Expenses$46,496$0$0$46,496
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

990 Part VI 2

Managed by committee of seven so does not affect decision

Filing and Contact Details

Filer

Filer Name
Laxmi Narayan Dev Spriritual O
EIN
87-0804825
Address
48437 Warm Springs Blvd, FREMONT, CA 94539

Signing Officer

Name
Nikesh Patel
Title
Treasurer
Phone
4085611594
Signed
2022-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nikesh Patel
Formed
2007
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
0
Employees
0

Preparer

Firm
Harshad Shah Financial Servi
Address
2690 S White Rd Ste 245, San Jose, CA 95148
Preparer
Harshad S Shah
Phone
4082381200
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0237840
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0237840
IRS990/USAddress/AddressLine1Txt048437 Warm Springs Blvd
IRS990/USAddress/CityNm0FREMONT
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094539
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Nikesh Patel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04085611594
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Laxmi Narayan Dev Spriritual O
ReturnHeader/Filer/BusinessNameControlTxt0LAXM
ReturnHeader/Filer/EIN0870804825
ReturnHeader/Filer/USAddress/AddressLine1Txt048437 Warm Springs Blvd
ReturnHeader/Filer/USAddress/CityNm0FREMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094539
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770472802
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Harshad Shah Financial Servi
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02690 S White Rd Ste 245
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Jose
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095148
ReturnHeader/PreparerPersonGrp/PhoneNum04082381200
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Harshad S Shah
ReturnHeader/ReturnTs02022-11-08T18:57:34-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Nikesh
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Patel
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$2.23$2.53$1.02$0.08$0.94
2023Detailed filing. Detailed filing data is available for this year.$2.32$0.78$1.54$0.45$0.06$0.39
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.61$1.12$0.19$0.03$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.58$0.62$0.96$0.13$0.05$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.50$0.63$0.88$0.09$0.03$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.66$0.82$0.11$0.05$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.40$0.75$0.65$0.30$0.04$0.26
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.75$0.50$0.12$0.05$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.77$0.43$0.09$0.04$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.79$0.38$0.06$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.85$0.37$0.14$0.06$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.20$0.92$0.28$0.14$0.05$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.23$0.19$0.01$0.00$0.01
2011Summary only. Only limited summary data is available for this year.$0.18$0.00$0.09$0.00$0.08