Sikhnet INC EIN 26-4806284

Sikhnet INC

EIN  26-4806284 Religious organization Cypress, TX Founded 2009
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Size
$100K–1M
What they do
Helps Sikhs connect their faith to modern life.
Leadership
Alan E Walker · Executive Director · $94K
Money in and out
$790K revenue, $1.0M expenses
Bottom line
33% program efficiency

Helps Sikhs connect their faith to modern life. For fiscal year 2024 it reported $790K in revenue, $1.0M in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$790K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$229K
Where spending went · Part IX cols B–D
Program services $0.33 Management & general $0.50 Fundraising $0.17
Program efficiency
33%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
16.0mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
-29%
revenue over expenses, this year▼ -525% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$790K
FY2024▼ -20%
Expenses
$1.0M
FY2024▲ +11%
Total assets
$1.4M
FY2024▼ -14%
Total liabilities
$52K
FY2024▲ +60%
Total revenue
$790K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$229K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B33%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $337K of program spending, described in the organization's own filed words · FY2024.
01

SikhNet provides free, easily accessible, and spiritually inspiring media that supports a Sikh lifestyle, and provides and inclusive platform for Sikhs to share their original creative work. SikhNet aspires to become the preferred global resource for spiritually uplifting Sikh media.

$337Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSikhnet INC
EINHdr · item D26-4806284
Principal addressHdr · item CCypress, TX
WebsiteHdr · item Jwww.sikhnet.com
Year of formationHdr · item L2009
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X80)
Ruling yearIRS BMFJun 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$94,333Pt VII · Sec A
$94,333Pt VII · Sec A
Former CFO
$90,856Pt VII · Sec A
$87,584Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alan E Walker’s $94K as Executive Director is at the 87th percentile of top reported officer pay among 2135 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Gurumustuk S Khalsa$163,177$122,231$106,575
Alan E Walker$94,333
Alan Walker$94,333
Kaylee Spinhirn$92,120
Kaylee Spinhirn$90,856$91,782$76,597
Frances Jessop$87,584
Ek Ong Kaar Kaur Michaud$85,000
Frances Jessop$81,391

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$763K · 97%
Investment income$24K · 3%
Contributions & grants97%$763K
Investment income3%$24K
Program service revenue$3K
Total revenueLn 12$790K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.33 Management & general $0.50 Fundraising $0.17
Program services33%$337K
Management & general50%$509K
Fundraising17%$173K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$910K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$52K
Total net assetsLn 32$1.3M
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $1.0M
16.0 months
Where the money goes
Program services
Program services $337K · Total expenses $1.0M
33%
Management & General
Management & general $509K · Total expenses $1.0M
50%
Fundraising
Fundraising $173K · Total expenses $1.0M
17%
Cost to raise $1
Fundraising expense (3-yr avg) $158K · Solicited contributions (3-yr avg) $900K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $763K · Total revenue $790K
97%
Government reliance
Government grants — · Total revenue $790K
Earned-income share
Program service revenue $3K · Total revenue $790K
0%
Investment reliance
Investment income $24K · Total revenue $790K
+3%
Program self-sufficiency
Program service revenue $3K · Total expenses $1.0M
0%
Growth & trend
Revenue growth (YoY)
This year $790K · Prior year $982K
-20%
Revenue CAGR
FY2020 $1.5M · FY2024 $790K
-14%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $790K · Expenses $1.0M
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $447K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
33%
People & payroll
Highest Reported Total Compensation
Individual Alan E Walker · Reported title Executive Director · Highest reported compensation $94K · Total expenses $1.0M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $462K · Total expenses $1.0M
45%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 33%
Overhead ratio 50%
Fundraising cost ratio 23%
Revenue growth -20%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$982K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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