Garg Foundation

990PF • Fiscal year 2024 • EIN 91-1394006

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 12, 2024

Organization Profile

358 ChorusIrvine, CA 92618

(714) 273-0402

Siviq Scores

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

0.00x

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

2024 filings • $1M-$5M nonprofits • Source year 2024

0.00x

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

2024 filings • $1M-$5M nonprofits • Source year 2024

61%

Higher net margin than 91% of similar nonprofits.

2024 filings • $1M-$5M nonprofits • Source year 2024

Higher top officer pay than 46% of similar nonprofits.

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

2024 filings • $1M-$5M nonprofits • Source year 2024

6.1%

Faster asset growth than 59% of similar nonprofits.

2024 filings • $1M-$5M nonprofits • Annualized from 2023 to 2024

34%

Faster revenue growth than 72% of similar nonprofits.

2024 filings • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets33rd percentile

Assets

$2,936,208

Up $167,827 (+6.1%) from 2023

Net Assets

$2,936,208

No earlier filing loaded for comparison.

Liabilities

Flat

Flat from 2023

Revenue And Expenses

Liabilities / Revenue33rd percentile Net Margin91st percentile

Revenue

$273,603

Up $69,314 (+34%) from 2023

Expenses

Down

$105,776

Down $27,152 (-20%) from 2023

Net Income

$167,827

Up $96,466 (+135%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

Highlighted filing

2024

Assets$2,936,208

Liabilities$0

Net Assets$2,936,208

Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

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

Highlighted filing

2024

Revenue$273,603

Expenses$105,776

Net Income$167,827

Open 2024 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2023 to Jun 30, 2024
Signed: Oct 12, 2024
Return Version: 2023v5.0

Compensation and Service Providers

Top Officer Pay46th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Om P Garg	President	PT	$0	-	-
Arvind K Garg	Secretary	PT	$0	-	-
Nirmal Garg	Treasurer	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Garg Foundation
EIN: 91-1394006
Phone: 7142730402
Address: 358 Chorus, IRVINE, CA 92618

Signing Officer

Name: Om Garg
Title: President
Phone: 7142730402
Signed: 2024-10-12

Raw XML Appendix301 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	1	Arvind K Garg
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	2	Nirmal Garg
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	0	President
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	1	Secretary
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IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt	0	2463000
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm	0	Om P Garg
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt	0	None
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	Scholaships
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	144608
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt	0	144608
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	144608
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	0
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr	0	2021
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr	0	2020
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr	0	2019
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	2505282
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt	0	8856
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt	1	1215
LegalFeesSchedule/LegalFeesGrp/CategoryTxt	0	Trustee fees for foreclosure proceedings
LegalFeesSchedule/LegalFeesGrp/CategoryTxt	1	Attorney fees for borrower's bankruptcy
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt	0	0
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt	1	0
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt	0	8856
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt	1	1215
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt	0	8856
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt	1	1215
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	0	120
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	1	487
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	Office expense
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	Payment to landlord for locksmith services
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	120
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	487
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	120
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	487
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	0	2500
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	1	487
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	Refund from liability insurance company
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	reimbursement from tenant for locksmith service
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	0	2500
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	1	487
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	2500
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	487
ReturnHeader/BuildTS	0	2024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Om Garg
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	7142730402
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2024-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Garg Foundation
ReturnHeader/Filer/BusinessNameControlTxt	0	GARG
ReturnHeader/Filer/EIN	0	911394006
ReturnHeader/Filer/PhoneNum	0	7142730402
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	358 Chorus
ReturnHeader/Filer/USAddress/CityNm	0	IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	92618
ReturnHeader/ReturnTs	0	2024-10-11T16:34:55-04:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2023-07-01
ReturnHeader/TaxPeriodEndDt	0	2024-06-30
ReturnHeader/TaxYr	0	2023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $2,936,208
Liabilities: $0
Net assets: $2,936,208
Revenue: $273,603
Expenses: $105,776
Net income: $167,827

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$2.95	$0.00	$2.95	$0.22	$0.20	$0.02
2024Detailed filing. Detailed filing data is available for this year.	$2.94	$0.00	$2.94	$0.27	$0.11	$0.17
2023Summary only. Only limited summary data is available for this year.	$2.77	$0.00		$0.20	$0.13	$0.07
2022Summary only. Only limited summary data is available for this year.	$2.70	$0.00		$0.18	$0.11	$0.08
2021Summary only. Only limited summary data is available for this year.	$2.62	$0.00		$0.13	$0.07	$0.06
2015Summary only. Only limited summary data is available for this year.	$0.07	$0.00		$0.01	$0.00	$0.01
2014Summary only. Only limited summary data is available for this year.	$0.06	$0.00		$0.00	$0.00	$0.00
2013Summary only. Only limited summary data is available for this year.	$0.06	$0.00		$0.02	$0.00	$0.02
2012Summary only. Only limited summary data is available for this year.	$0.00	$0.00		$0.00	$0.00	$0.00