Civic Intelligence

Nexleaf Analytics

990 • Fiscal year 2017 • EIN 90-0514027

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

1964 Westwood BlvdLos Angeles, CA 90025

(213) 915-6729

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$99,079

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-40%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,385,355

Down $678,270 (-17%) from 2016

Net Assets

Down

$3,236,905

Down $547,641 (-14%) from 2016

Liabilities

Down

$148,450

Down $130,629 (-47%) from 2016

Revenue

Down

$2,303,017

Down $1,512,114 (-40%) from 2016

Expenses

Up

$2,850,658

Up $414,317 (+17%) from 2016

Net Income

Down

-$547,641

Down $1,926,431 (-140%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $40,462Liabilities 2010: $6,4212010Assets 2011: $190,068Liabilities 2011: $0Net Assets 2011: $190,0682011Assets 2012: $313,751Liabilities 2012: $65,617Net Assets 2012: $248,1342012Assets 2013: $1,370,618Liabilities 2013: $24,537Net Assets 2013: $1,346,0812013Assets 2014: $2,464,388Liabilities 2014: $19,566Net Assets 2014: $2,444,8222014Assets 2015: $2,630,829Liabilities 2015: $225,073Net Assets 2015: $2,405,7562015Assets 2016: $4,063,625Liabilities 2016: $279,079Net Assets 2016: $3,784,5462016Assets 2017: $3,385,355Liabilities 2017: $148,450Net Assets 2017: $3,236,9052017Assets 2018: $4,088,104Liabilities 2018: $1,033,373Net Assets 2018: $3,054,7312018Assets 2019: $3,272,053Liabilities 2019: $388,222Net Assets 2019: $2,883,8312019Assets 2020: $4,347,055Liabilities 2020: $576,154Net Assets 2020: $3,770,9012020Assets 2021: $5,600,064Liabilities 2021: $1,166,555Net Assets 2021: $4,433,5092021Assets 2022: $14,085,043Liabilities 2022: $922,841Net Assets 2022: $13,162,2022022Assets 2023: $11,047,461Liabilities 2023: $992,537Net Assets 2023: $10,054,9242023Assets 2024: $6,650,220Liabilities 2024: $258,905Net Assets 2024: $6,391,3152024

Highlighted filing

2017

Assets$3,385,355
Liabilities$148,450
Net Assets$3,236,905

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2010: $151,590Expenses 2010: $117,549Net Income 2010: $34,0412010Expenses 2011: $202,6912011Expenses 2012: $408,5132012Revenue 2013: $1,697,484Expenses 2013: $599,537Net Income 2013: $1,097,9472013Revenue 2014: $1,792,826Expenses 2014: $976,585Net Income 2014: $816,2412014Revenue 2015: $2,330,626Expenses 2015: $2,369,692Net Income 2015: -$39,0662015Revenue 2016: $3,815,131Expenses 2016: $2,436,341Net Income 2016: $1,378,7902016Revenue 2017: $2,303,017Expenses 2017: $2,850,658Net Income 2017: -$547,6412017Revenue 2018: $2,700,870Expenses 2018: $2,933,501Net Income 2018: -$232,6312018Revenue 2019: $4,594,878Expenses 2019: $4,790,025Net Income 2019: -$195,1472019Revenue 2020: $5,474,845Expenses 2020: $4,587,775Net Income 2020: $887,0702020Revenue 2021: $4,851,559Expenses 2021: $4,188,951Net Income 2021: $662,6082021Revenue 2022: $15,579,746Expenses 2022: $6,851,053Net Income 2022: $8,728,6932022Revenue 2023: $6,460,831Expenses 2023: $9,568,863Net Income 2023: -$3,108,0322023Revenue 2024: $4,841,044Expenses 2024: $8,504,653Net Income 2024: -$3,663,6092024

Highlighted filing

2017

Revenue$2,303,017
Expenses$2,850,658
Net Income-$547,641
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.2
Gross Receipts
$2,303,017
Mission and Program Overview

Mission

[Continued from Page 1] AND ADVANCED DATA ANALYTICS THAT ENABLE REMOTE MONITORING AND DATA COLLECTION FROM ALMOST ANYWHERE ON THE PLANET.

NEXLEAF ANALYTICS BUILDS WIRELESS CONNECTED DEVICES AND SENSOR TECHNOLOGIES TO CREATE POSITIVE IMPACT THROUGH HEALTH, ENVIRONMENTAL AND SOCIAL INTERVENTIONS. NEXLEAF ANALYTICS DEVELOPS LIGHTWEIGHT, FIELDTESTED SENSORS, CELL PHONE APPLICATIONS, [continued on page 2]

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,513,499$2,715,239▲ $201,740
Pledges and Grants Receivable$1,030,000$0▼ $1,030,000
Accounts Receivable$250,906$241,513▼ $9,393
Land, Buildings, and Equipment, Net$156,973$0▼ $156,973
Prepaid Expenses and Deferred Charges$45,099$95,835▲ $50,736
Investments Other Securities$52,632$52,632→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,110,416$3,385,355▼ $725,061
Other Assets Total$61,307$280,136▲ $218,829
Liabilities
Deferred Revenue$93,000--
Other Liabilities$46,791$75,774▲ $28,983
Accounts Payable and Accrued Expenses$186,079$72,676▼ $113,403
Total Liabilities$325,870$148,450▼ $177,420
Net Assets / Fund Balance
Unrestricted Net Assets$2,222,450$2,132,405▼ $90,045
Temporarily Rstr Net Assets$1,562,096$1,104,500▼ $457,596
Total Net Assets Fund Balance$3,784,546$3,236,905▼ $547,641
Total Liabilities and Net Assets / Fund Balance$4,110,416$3,385,355▼ $725,061

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$201,822$201,822
Equipment-$7,847$7,847
Other Assets Org$280,136--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Martin LukacCTO/CFO/SecFT$99,079$99,079
Ian LeongCOOFT$93,138$93,138
Nithya RamanathanChairman & PresFT$84,157$84,157

Board Members and Trustees

NameTitle
Anish AswaniDirector
Asher WaldfogelDirector
Mark SugarmanDirector
Radhika MalpaniDirector
Thomas LeeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
VVDN Technologies Pvt LtdEningeering Services-$159,000
Nexleaf Analytics India Private LimitedConsultancy Services1111 Broadway 04-170, Oakland, CA 94607, In$128,284
Tringapps IncEningeering Services1735 N 1st Street 307, San Jose, CA 95112$105,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,937,613
Program Service Revenue
$365,404
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,937,613
Change in Net Assets
$-547,641

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$75,000Fair Market Value (FMV)
Other Non Cash Contri Table1$8,600Fair Market Value (FMV)
Total Noncash Contributions2$83,600-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,303,017
Total Revenue per Audited Statements
$2,303,017
Total Revenue per Form 990
$2,303,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,584,532
Salaries, Compensation, and Employee Benefits$1,256,126
Total Fundraising Expense$93,270
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$664,865$120,395$64,521$849,781
Fees for Services Other$335,844$25,137$86$361,067
Current Officers, Directors, Trustees, and Key Employees$236,616$47,362$5,758$289,736
Depreciation Depletion$156,973--$156,973
Fees for Services Legal$116,921$26,318-$143,239
Travel$107,512$3,416$11,153$122,081
Payroll Taxes$66,925$12,454$5,218$84,597
Fees for Services Accounting-$50,375-$50,375
Other Employee Benefits$25,325$4,713$1,974$32,012
Occupancy$24,780$3,333$1,061$29,174
Other Expenses$24,519$1,306$467$26,292
Office Expenses$15,828$3,658$1,475$20,961
All Other Expenses$14,636$1,627$85$16,348
Grants to Domestic Orgs$10,000--$10,000
Insurance$1,101$4,579$61$5,741
Total Functional Expenses$2,445,506$311,882$93,270$2,850,658

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,850,658
Total Expenses per Audited Statements$2,850,658
Total Expenses per Form 990$2,850,658
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ripple WorksSan Francisco, CA501c3-$10,000

International Summary

Offices
1
Employees
8
Spending
$590,730

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaSensor testing & deploymentProgram Services16$504,191
Sub-Saharan AfricaSensor testing & deploymentProgram Services02$86,539
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
Malkeet GuptaOffcr spouseOffice rentNo-
Tara RamanathanOffcr sisterEmployee CompNo-

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Accrued payroll and related benefits$75,774
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 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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

During 2016, NexLeaf Analytics rented office space from the spouse of the organization's president. During 2016, NexLeaf Analytics employed the sister of the organization's president.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management and a member of the board of directors. This group of individuals discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of director review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in los angeles, california.

Filing and Contact Details

Filer

Filer Name
Nexleaf Analytics
EIN
90-0514027
Phone
2139156729
Address
1964 Westwood Blvd, LOS ANGELES, CA 90025

Signing Officer

Name
Nithya Ramanathan
Title
Chairman & Pres
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nithya Ramanathan
Formed
2009
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
6
Employees
20

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Remote Temperature Monitoring of Vaccines (continued):administered, the vaccines can become less potent or completely ineffective.Our sensor combines a commercially available Android smartphone or other wireless technologies, an inexpensive plug-in temperature sensor, and a software application running on Android. The system makes it possible to wirelessly upload temperature data through the mobile phone from almost any location and immediately deliver SMS alerts about vaccines reaching critical temperatures and equipment failures to the cell phones of clinic managers or other healthcare system officials. These alerts allow managers the opportunity to repair the refrigerator or move the medicines to a safer location, thereby reducing vaccine wastage and increasing the overall number of vaccine doses available for immunizations.Our service accomplishments include: (1) designing and testing sensor hardware and software and server system software for an advanced second version of the sensor in anticipation of larger field-testing in health clinics and vaccine storage centers; (2) conducting further laboratory and field tests to determine the accuracy of the system; (3) successfully installing and maintaining temperature sensors to collect data in over 150 test locations in Mozambique, Kenya, India, The Philippines, and other countries in Asia; (4) working with local and regional ministries of health, health officials and NGOs in those countries and organizations such as UNICEFs Regional Office for East Asia and the Pacific (EAPRO) on those installations and field tests; (5) preparing reports for those health officials and agencies regarding the collected data and how it shows where improvements to vaccine management might be made; (6) integration of sensor data with an electronic logistics management information software (eLMIS) system that is currently used by the Government of India in multiple Indian states and in other countries, which will make it easier for health agencies and health providers to access and use the collected data. OTHER PROGRAM SERVICES 5: Air Pollution and Clean Cookstove Monitoring (continued):Those technologies are needed in areas such as rural India, where it is common for meals to be cooked over open fires. Using improved cookstoves to prepare meals can eliminate much of this pollution. However, the cost of owning such cookstoves is a hurdle that limits the number of people who use them. In order to address this issue, we have developed a cookstove monitor that is aimed at helping reduce the cost of owning a cookstove by creating a mechanism whereby families can earn money for their continued use of the cleaner burning technology.Our service accomplishments include: (1) further developing and refining sensor technology that can collect and measure data regarding certain air pollution, including analytic tools to evaluate such data; (2) further developing and improving sensor technologies that can track clean cookstove usage; (3) design and implementation of a system that allows people to receive payments for their use of clean cookstoves, which reduce carbon pollutants; (4) testing of sensors in remote villages in northern India and other local areas; (5) training rural residents on issues pertaining to household air pollution its environmental impact as well as how to use the sensors to monitor their cookstoves; (6) continued studies in rural India to determine the usage patterns of clean cookstoves by local residents as well as to gather measurements of atmospheric black carbon pollution reduced as a result thereof.

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Nexleaf is required to report information regarding its exposure to various tax positions taken by Nexleaf and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Nexleaf has adequately evaluated its current tax positions and has concluded that as of December 31 2017, Nexleaf does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Nexleaf has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Nexleaf continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Nexleaf may periodically receive unrelated business income (such as sublease rental income) requiring Nexleaf to file separate tax returns under federal and state statutes. Under such conditions, Nexleaf calculates and accrues the applicable taxes.

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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/ActivityOrMissionDesc0NEXLEAF ANALYTICS BUILDS WIRELESS CONNECTED DEVICES AND SENSOR TECHNOLOGIES TO CREATE POSITIVE IMPACT THROUGH HEALTH, ENVIRONMENTAL AND SOCIAL INTERVENTIONS. NEXLEAF ANALYTICS DEVELOPS LIGHTWEIGHT, FIELDTESTED SENSORS, CELL PHONE APPLICATIONS, [continued on page 2]
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IRS990/Desc0Remote Temperature Monitoring of Vaccines: We continued our project to use mobile phones and other wireless technologies to monitor the temperature inside of refrigerators and cold storage facilities, which are used to store vaccines and other temperature-sensitive medications. The transportation, storage, and distribution infrastructure that keeps many vaccines and other temperature sensitive medications at controlled temperatures called the cold chain is unreliable in many developing countries. The last mile of the cold chain, which includes rural clinics and delivery by foot as a health worker travels from one village to the next, is particularly vulnerable, marked by unreliable power and generator fuel tanks that run dry. If the cold chain is not maintained from the manufacturer to the location where vaccines are [continued on Schedule O]
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IRS990/MissionDesc0[Continued from Page 1] AND ADVANCED DATA ANALYTICS THAT ENABLE REMOTE MONITORING AND DATA COLLECTION FROM ALMOST ANYWHERE ON THE PLANET.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Air Pollution and Clean Cookstove Monitoring: We have continued to develop our low-cost, wireless black carbon sensor, which functions as an alternative to traditional, highly expensive measuring instruments. We have deployed our air pollution sensor in India in connection with a clean cookstove distribution project as well as in service of a scientific study of cookstove adoption. These deployments have helped test our system's ability to measure the amount of soot that is generated by both traditional cooking fires and clean-burning stoves. With these measurement technologies, we are developing a system that can collect data about airborne emissions and help verify the amount of carbon emissions saved by switching to cleaner burning technologies. [continued on Schedule O]
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IRS990/ProgSrvcAccomActy3Grp/Desc0Other Program Services:Programs supported by the organization all utilize mobile sensing technology to monitor and develop data for various activities, environments, and/or communities.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.65$0.26$6.39$4.84$8.50$3.66
2023Summary only. Only limited summary data is available for this year.$11.0$0.99$10.1$6.46$9.57$3.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$0.92$13.2$15.6$6.85$8.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.60$1.17$4.43$4.85$4.19$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.35$0.58$3.77$5.47$4.59$0.89
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.27$0.39$2.88$4.59$4.79$0.20
2018Summary only. Only limited summary data is available for this year.$4.09$1.03$3.05$2.70$2.93$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.39$0.15$3.24$2.30$2.85$0.55
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.06$0.28$3.78$3.82$2.44$1.38
2015Detailed filing. Detailed filing data is available for this year.$2.63$0.23$2.41$2.33$2.37$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.46$0.02$2.44$1.79$0.98$0.82
2013Detailed filing. Detailed filing data is available for this year.$1.37$0.02$1.35$1.70$0.60$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.07$0.25$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.20
2010Summary only. Only limited summary data is available for this year.$0.04$0.01$0.15$0.12$0.03