Civic Intelligence

Gosumec Foundation USA

990 • Fiscal year 2025 • EIN 92-1826702

Jan 01, 2025 to Dec 31, 2025 • Filed on Mar 12, 2026

Organization ProfileWWW.GOSUMEC.ORG
177 Telles LnFremont, CA 94539

(510) 516-7677

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

2025 filings • NTEE B • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

19th percentile

0.00x

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

2025 filings • NTEE B • $1M-$5M nonprofits • Source year 2025

Net Margin

98th percentile

97%

Higher net margin than 98% of similar nonprofits.

2025 filings • NTEE B • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2025 filings • NTEE B • $1M-$5M nonprofits • Source year 2025

Asset Growth

98th percentile

260%

Faster asset growth than 98% of similar nonprofits.

2025 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

96th percentile

289%

Faster revenue growth than 96% of similar nonprofits.

2025 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$3,787,109

Up $2,735,021 (+260%) from 2024

Net Assets

Up

$3,787,109

Up $2,735,021 (+260%) from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin98th percentile

Revenue

Up

$2,815,851

Up $2,091,136 (+289%) from 2024

Expenses

Up

$80,830

Up $10,142 (+14%) from 2024

Net Income

Up

$2,735,021

Up $2,080,994 (+318%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2023: $389,092Liabilities 2023: $0Net Assets 2023: $389,0922023Assets 2024: $1,052,088Liabilities 2024: $0Net Assets 2024: $1,052,0882024Assets 2025: $3,787,109Liabilities 2025: $0Net Assets 2025: $3,787,1092025

Highlighted filing

2025

Assets$3,787,109
Liabilities$0
Net Assets$3,787,109
Open 2025 Filing

Operations Trend

Revenue Growth96th percentile

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

$3.0M$2.0M$1.0M$0Revenue 2023: $519,906Expenses 2023: $130,814Net Income 2023: $389,0922023Revenue 2024: $724,715Expenses 2024: $70,688Net Income 2024: $654,0272024Revenue 2025: $2,815,851Expenses 2025: $80,830Net Income 2025: $2,735,0212025

Highlighted filing

2025

Revenue$2,815,851
Expenses$80,830
Net Income$2,735,021
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 12, 2026
Return Version
2025v4.0
Gross Receipts
$2,815,851
Mission and Program Overview

Mission

Gosumec foundation usa supports deserving medical and healthcare students in india through need- and merit-based scholarships, mentorship, and the development of a permanent endowment to sustain educational opportunity for future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$893,568$3,628,589▲ $2,735,021
Investments in Publicly Traded Securities$103,479$2,438,765▲ $2,335,286
Pledges and Grants Receivable-$1,300,761-
Savings and Temporary Cash Investments$468,805--
Cap Stk Tr Prin Current Funds$158,520$158,520→ $0
Cash and Non-Interest-Bearing Accounts$479,804$47,583▼ $432,221
Total Assets$1,052,088$3,787,109▲ $2,735,021
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,052,088$3,787,109▲ $2,735,021
Total Liabilities and Net Assets / Fund Balance$1,052,088$3,787,109▲ $2,735,021

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$893,568$2,700,236▲ $115,615$72,877$3,628,589
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Sanjay BindraPresident & CEO
Archana BindraDirector
Heena RajdeoDirector
Kiron MasterDirector
Kishore HarjaiDirector
Rohit ShahaniSecretary
Anil ShethTreasurer & CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$2,695,636
Program Service Revenue
$0
Investment Income
$115,615
Other Revenue
$4,600
All Other Contributions
$2,695,636
Change in Net Assets
$2,735,021

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
Securities Publicly Traded5$182,016Fair Market Value (FMV)
Total Noncash Contributions5$182,016-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$72,877
Other Expenses$7,953
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$67,721--$67,721
Grants to Domestic Orgs$5,156--$5,156
Fees for Services Other-$2,999-$2,999
Other Expenses-$2,000-$2,000
Total Functional Expenses$72,877$7,953$0$80,830
International Activity

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Form 990 governing body review Part VI line 11

“The board reviews form 990 before filing.”

Conflict of interest policy compliance Part VI line 12C

“Compliance with the conflict of interest policy is reviewed by the board periodically.”

Governing documents etc available to public Part VI line 19

“Documents are available on our website - www.gosumec.org/financials”

Filing and Contact Details

Filer

Filer Name
Gosumec Foundation USA
EIN
92-1826702
In Care Of
% SANJAY BINDRA
Phone
5105167677
Address
177 TELLES LN, FREMONT, CA 94539

Signing Officer

Name
Sanjay Bindra
Title
President & CEO
Phone
5105167677
Signed
2026-03-12
Discuss with paid preparer
Yes

Organization Details

Formed
2023
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Truanalyst Solutions Llp
Address
1111 W MOCKINGBIRD LN STE 500, DALLAS, TX 75247
Preparer
Utsav Panchal CPA
Phone
8065907818
Supplemental Narrative

Additional Explanations

General explanation attachment

“Volunteer-led operational model - gosumec foundation usa operates as a volunteer-led nonprofit organization without paid staff. Administrative and operational activities are supported by members of the board of directors and volunteers. Use of technology infrastructure - the foundation utilizes a lean technology infrastructure for donor management, communications, storytelling, and transparency. This approach allows the foundation to operate efficiently while maintaining very low administrative costs. Permanent scholarship endowment strategy - a portion of contributions received by the foundation are allocated to a permanent scholarship endowment intended to generate investment income to support scholarships for future generations while preserving the original donor capital.”

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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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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03628589
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IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt072877
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt17971
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1BOOK DISTRIBUTION
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt050
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt150
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1SOUTH ASIA
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0SCHOLARSHIPS
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1CENTENARY VOLUME
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IRS990ScheduleF/GrantRecordsMaintainedInd0true
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0GOSUMEC FOUNDATION USA SCHOLARSHIPS FOLLOW A REIMBURSEMENT MODEL, WHERE STUDENTS SUBMIT PROOF OF EXPENSES FOR TUITION, BOOKS, HOUSING, AND MEALS. AWARDS ARE GRANTED BASED ON FINANCIAL NEED (FAMILY INCOME BELOW INR 8,00,000) AND MERIT, WITH SCHOLARSHIP GIVEN TO STUDENTS WHO ACHIEVE A NEET ENTRANCE EXAM RANK BETTER THAN 40,000.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE ON OUR WEBSITE - WWW.GOSUMEC.ORG/FINANCIALS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VOLUNTEER-LED OPERATIONAL MODEL - GOSUMEC FOUNDATION USA OPERATES AS A VOLUNTEER-LED NONPROFIT ORGANIZATION WITHOUT PAID STAFF. ADMINISTRATIVE AND OPERATIONAL ACTIVITIES ARE SUPPORTED BY MEMBERS OF THE BOARD OF DIRECTORS AND VOLUNTEERS. USE OF TECHNOLOGY INFRASTRUCTURE - THE FOUNDATION UTILIZES A LEAN TECHNOLOGY INFRASTRUCTURE FOR DONOR MANAGEMENT, COMMUNICATIONS, STORYTELLING, AND TRANSPARENCY. THIS APPROACH ALLOWS THE FOUNDATION TO OPERATE EFFICIENTLY WHILE MAINTAINING VERY LOW ADMINISTRATIVE COSTS. PERMANENT SCHOLARSHIP ENDOWMENT STRATEGY - A PORTION OF CONTRIBUTIONS RECEIVED BY THE FOUNDATION ARE ALLOCATED TO A PERMANENT SCHOLARSHIP ENDOWMENT INTENDED TO GENERATE INVESTMENT INCOME TO SUPPORT SCHOLARSHIPS FOR FUTURE GENERATIONS WHILE PRESERVING THE ORIGINAL DONOR CAPITAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02815851
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IRS990/WebsiteAddressTxt0WWW.GOSUMEC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SANJAY BINDRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05105167677
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOSUMEC FOUNDATION USA
ReturnHeader/Filer/BusinessNameControlTxt0GOSU
ReturnHeader/Filer/EIN0921826702
ReturnHeader/Filer/InCareOfNm0% SANJAY BINDRA
ReturnHeader/Filer/PhoneNum05105167677
ReturnHeader/Filer/USAddress/AddressLine1Txt0177 TELLES LN
ReturnHeader/Filer/USAddress/CityNm0FREMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094539
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842693745
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRUANALYST SOLUTIONS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 W MOCKINGBIRD LN STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075247
ReturnHeader/PreparerPersonGrp/PhoneNum08065907818
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0UTSAV PANCHAL CPA
ReturnHeader/ReturnTs02026-03-12T06:26:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,787,109
Liabilities
$0
Net assets
$3,787,109
Revenue
$2,815,851
Expenses
$80,830
Net income
$2,735,021
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$2.82$0.08$2.74
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.72$0.07$0.65
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.52$0.13$0.39