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Novamaya FY2023 filing

Tax-deductible

Danville, CA501(c)(3)EducationEIN 87-1185939Revenue $67K in FY2023

On file with the IRS535 Sycamore Valley Rd W, 94526-3900 · Danville, CATax-exempt since Nov 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Provide educational services to college-aged students about social entrepreneurship to empower students to use the tools and knowledge of making a societal impact where they work at technology companies, governmental entities, financial institutions, nonprofit companies or their own small businesses.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $140K a year · 75% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$67K
+103% vs prior year
Spent
$74K
To programs
92%
Net assets
$790K
By yearFY2021–FY2025
Revenue
$67K
FY2023▲ +103%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.8M
FY2022−$2.0M
FY2023$67K
FY2024$6K
FY2025$29K
Expenses
$74K
FY2023▲ +159%
Tap a bar for its year
Expenses by fiscal year
FY2021$11K
FY2022$28K
FY2023$74K
FY2024$76K
FY2025$48K
Net assets
$790K
FY2023▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.8M
FY2022$798K
FY2023$790K
FY2024$721K
FY2025$702K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $68K Management & general 8% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Cyrus Boga
President/Sec/Treasurer/Di
$0Pt VII · Sec A
See Novamaya executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers college students with social entrepreneurship skills for societal impact in tech, government, finance, nonprofits, or business.

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Provided by the organization

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1 program · $68K · in their own filed words · FY2023
01

Provide educational services to college-aged students about social entrepreneurship to empower students to use the tools and knowledge of making a societal impact where they work at technology companies, governmental entities, financial institutions, nonprofit companies or their own small businesses.

$68Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $155K · 2023–2025
Unitemized GrantFY2025$35,774
Unitemized GrantFY2024$61,449
Unitemized GrantFY2023$57,745

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$67K
Ln 12
Gifts and grantsLn 1h$67K
Money outPt IX
$74K
Ln 25
Programscol B$68K
Managementcol C$6K
Owns and owesPt X
$790K
net assets · Ln 32
Cash and savingsLn 1–2$407
Total assetsLn 16$790K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Total revenueLn 12$67K
Assets in detailPt X, end of year
CashLn 1$407
Cash and savings togetherLn 1–2$407
Total assetsLn 16$790K
LiabilitiesLn 26$0
Net assetsLn 32$790K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$29K$407
Total assetsLn 16$804K$790K
LiabilitiesLn 26$6K$0
Net assetsLn 32$798K$790K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$58K$58K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$340$340
Information technologyLn 14$300$300
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$10K$10K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$74K$68K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $29K$48K−$19K$702K 990 PDF
FY2024 $6K$76K−$69K$721K 990 PDF
FY2023 Viewing $67K$74K−$7K$790K 990 PDF
FY2022 −$2.0M$28K−$2.0M$798K 990 PDF
FY2021 $2.8M$11K$2.8M$2.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $66,810 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$66,810
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$1,975,000$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year −$1,974,000$66,810
I-13 Grants and similar amounts paidPrior year $5,000$57,745
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,487$16,171
I-18 Total expensesPrior year $28,487$73,916
I-19 Revenue less expensesPrior year −$2,002,487−$7,106
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $66,810 across 3 lines filed
VIII-1f All other contributions, gifts and grants$66,810
VIII-1h Total contributions, gifts and grants$66,810
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$66,810
Part IX · Statement of functional expenses $73,916 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $57,745$57,745
IX-11c Accounting feesManagement $1,500$1,500
IX-13 Office expensesManagement $340$340
IX-14 Information technologyManagement $300$300
IX-17 TravelManagement $2,526$2,526
IX-22 Depreciation, depletion and amortizationPrograms $10,000$10,000
IX-24 Other expenses (24a–d)Management $1,505$1,505
IX-25 Total functional expensesPrograms $67,745 · Management $6,171 · Fundraising $0$73,916
Part X · Balance sheet $790,407 assets, 7 lines filed
Asset lines not itemized here account for $660,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $29,013$407
X-14 Intangible assetsStart of year $140,000$130,000
X-16 Total assetsStart of year $804,013$790,407
X-25 Other liabilitiesStart of year $6,500$0
X-26 Total liabilitiesStart of year $6,500$0
X-32 Total net assets or fund balancesStart of year $797,513$790,407
X-33 Total liabilities and net assetsStart of year $804,013$790,407
Part XI · Reconciliation of net assets $790,407 net assets at year end
XI-1 Total revenue$66,810
XI-2 Total expenses$73,916
XI-3 Revenue less expenses−$7,106
XI-4 Net assets at start of year$797,513
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$790,407

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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