Civic Intelligence

Somaiya Foundation

990EZ • Fiscal year 2022 • EIN 88-2702674

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2024

410 E Upland RoadIthaca, NY 14850

(607) 272-5550

Siviq Scores

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

Liabilities / Assets

96th percentile

0.93x

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

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

0.27x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Net Margin

38th percentile

1.9%

Higher net margin than 38% of similar nonprofits.

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2022 filings • NTEE B12 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$4,569

No earlier filing loaded for comparison.

Net Assets

$305

No earlier filing loaded for comparison.

Liabilities

$4,264

No earlier filing loaded for comparison.

Revenue

$16,000

No earlier filing loaded for comparison.

Expenses

$15,695

No earlier filing loaded for comparison.

Net Income

$305

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20K$10K$0-$10KAssets 2022: $4,569Liabilities 2022: $4,264Net Assets 2022: $3052022Assets 2023: $7,613Liabilities 2023: $11,362Net Assets 2023: -$3,7492023Assets 2024: $8,539Liabilities 2024: $16,049Net Assets 2024: -$7,5102024

Highlighted filing

2022

Assets$4,569
Liabilities$4,264
Net Assets$305

Operations Trend

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

$30K$20K$10K$0-$10KRevenue 2022: $16,000Expenses 2022: $15,695Net Income 2022: $3052022Revenue 2023: $15,000Expenses 2023: $19,054Net Income 2023: -$4,0542023Revenue 2024: $25,000Expenses 2024: $28,761Net Income 2024: -$3,7612024

Highlighted filing

2022

Revenue$16,000
Expenses$15,695
Net Income$305
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2024
Return Version
2022v5.0
Gross Receipts
$16,000
Mission and Program Overview

Mission

The purposes of the nonprofit shall be to (a) provide networking opportunities for north-america-based students, alumni, staff and faculty of the below described "sister organizations; (b) establish, encourage and grow relationships between north american-based academic institutions and charities for the sister organizations for the mutual benefit of students, alumni, faculty and staff of all; (c) develop and maintain a charitable giving regime in connection with north american-based students, alumni, staff and faculty of the sister organizations; and (d) provide grant funding in support of charitable and educational activities and programs of the sister organizations. The "sister organizations" are somaiya vidyavihar, somaiya vidyavihar university, kj somaiya medical trust and girivanvasi educational trust and other educational and charitable organizations working in the areas of development, education and healthcare in furtherance of the vision of the late shri k. J. Somaiya.

Program Services

DescriptionGrantsExpenses
PROVIDE OPPORTUNITIES FOR NORTH-AMERICA-BASED STUDENTS, ALUMNI, STAFF AND FACULTY FOR SOMAIYA VIDYAVIHAR, SOMAIYA VIDYAVIHAR UNIVERSITY, KJ SOMAIYA MEDICAL TRUST ANDGIRIVANVASI EDUCATIONAL TRUST.$0$0
PROVIDE GRANT FUNDING IN SUPPORT OF CHARITABLE AND EDUCATIONAL ACTIVITIES ANDPROGRAMS OF SOMAIYA VIDYAVIHAR, SOMAIYA VIDYAVIHAR UNIVERSITY, KJ SOMAIYA MEDICAL TRUST AND GIRIVANVASI EDUCATIONAL TRUST$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BIMAL THAKKARDirector-$0--
GAYATRI SOMAIYADirector-$0--
DR LARRY P WALKERPresident-$0--
Filing and Contact Details

Filer

Filer Name
Somaiya Foundation
EIN
88-2702674
Phone
6072725550
Address
410 E UPLAND ROAD, ITHACA, NY 14850

Signing Officer

Name
Dr Larry P Walker
Title
President
Phone
6072725550
Signed
2024-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Sciarabba Walker & Co Llp
Address
410 EAST UPLAND ROAD, ITHACA, NY 14850
Preparer
Christopher Hart
Phone
6072725550
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bank fees. Amount: 45. Description: supplies. Amount: 92. Description: misc expenses. Amount: 338. Total to form 990-ez, line 16: 475.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 0. End of year amount: 4,264.

Raw XML Appendix135 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SCIARABBA WALKER & CO LLP
IRS990EZ/BooksInCareOfDetail/PhoneNum06072725550
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0410 E UPLAND RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ITHACA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd014850
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt04569
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt016000
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0305
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt015220
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt04569
IRS990EZ/GrossReceiptsAmt016000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0305
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0305
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BIMAL THAKKAR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GAYATRI SOMAIYA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DR LARRY P WALKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0475
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSES OF THE NONPROFIT SHALL BE TO (A) PROVIDE NETWORKING OPPORTUNITIES FOR NORTH-AMERICA-BASED STUDENTS, ALUMNI, STAFF AND FACULTY OF THE BELOW DESCRIBED "SISTER ORGANIZATIONS; (B) ESTABLISH, ENCOURAGE AND GROW RELATIONSHIPS BETWEEN NORTH AMERICAN-BASED ACADEMIC INSTITUTIONS AND CHARITIES FOR THE SISTER ORGANIZATIONS FOR THE MUTUAL BENEFIT OF STUDENTS, ALUMNI, FACULTY AND STAFF OF ALL; (C) DEVELOP AND MAINTAIN A CHARITABLE GIVING REGIME IN CONNECTION WITH NORTH AMERICAN-BASED STUDENTS, ALUMNI, STAFF AND FACULTY OF THE SISTER ORGANIZATIONS; AND (D) PROVIDE GRANT FUNDING IN SUPPORT OF CHARITABLE AND EDUCATIONAL ACTIVITIES AND PROGRAMS OF THE SISTER ORGANIZATIONS. THE "SISTER ORGANIZATIONS" ARE SOMAIYA VIDYAVIHAR, SOMAIYA VIDYAVIHAR UNIVERSITY, KJ SOMAIYA MEDICAL TRUST AND GIRIVANVASI EDUCATIONAL TRUST AND OTHER EDUCATIONAL AND CHARITABLE ORGANIZATIONS WORKING IN THE AREAS OF DEVELOPMENT, EDUCATION AND HEALTHCARE IN FURTHERANCE OF THE VISION OF THE LATE SHRI K. J. SOMAIYA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE OPPORTUNITIES FOR NORTH-AMERICA-BASED STUDENTS, ALUMNI, STAFF AND FACULTY FOR SOMAIYA VIDYAVIHAR, SOMAIYA VIDYAVIHAR UNIVERSITY, KJ SOMAIYA MEDICAL TRUST ANDGIRIVANVASI EDUCATIONAL TRUST.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDE GRANT FUNDING IN SUPPORT OF CHARITABLE AND EDUCATIONAL ACTIVITIES ANDPROGRAMS OF SOMAIYA VIDYAVIHAR, SOMAIYA VIDYAVIHAR UNIVERSITY, KJ SOMAIYA MEDICAL TRUST AND GIRIVANVASI EDUCATIONAL TRUST
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt04264
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt015695
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt016000
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt012000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt012000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt012000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012000
IRS990ScheduleA/TotalSupportAmt012000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK FEES. AMOUNT: 45. DESCRIPTION: SUPPLIES. AMOUNT: 92. DESCRIPTION: MISC EXPENSES. AMOUNT: 338. TOTAL TO FORM 990-EZ, LINE 16: 475.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,264.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR LARRY P WALKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06072725550
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMAIYA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SOMA
ReturnHeader/Filer/EIN0882702674
ReturnHeader/Filer/PhoneNum06072725550
ReturnHeader/Filer/USAddress/AddressLine1Txt0410 E UPLAND ROAD
ReturnHeader/Filer/USAddress/CityNm0ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014850
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161071694
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCIARABBA WALKER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 EAST UPLAND ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072725550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER HART
ReturnHeader/ReturnTs02024-11-15T08:03:40-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings