Jd Sheth Foundation INC FY2022 filing

Evansville, IN · Public charity (501(c)(3)) · Since 2015 · Unclassified

✓ Tax-deductible
Revenue
$431K
+347% vs prior year
Spent
$313K
To programs
94%
Net assets
$196K
By yearFY2021–FY2025
Revenue
$431K
FY2022▲ +347%
Revenue by fiscal year
FY2021$96K
FY2022$431K
FY2023$961K
FY2024$246K
FY2025$451K
Expenses
$313K
FY2022
Expenses by fiscal year
FY2021Not on file
FY2022$313K
FY2023$339K
FY2024$461K
FY2025$519K
Net assets
$196K
FY2022▲ +151%
Net assets by fiscal year
FY2021$78K
FY2022$196K
FY2023$818K
FY2024$604K
FY2025$536K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CJd Sheth Foundation INC
EINHdr · item D47-4129062
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2015
Year of formationHdr · item L2015
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CEvansville, IN
NTEE classificationIRS BMFUnclassified (Z99)
WebsiteHdr · item Jwww.jdshethfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$294K
Management & general6%$20K
Total functional expensesLn 25$313K

Financial health

Is it on solid ground?

Program efficiency
94%
of spending reaches programs
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+27%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$196K
FY2022
Total assets by fiscal year
FY2021Not on file
FY2022$196K
FY2023$818K
FY2024$605K
FY2025$541K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2021Not on file
FY2022$0
FY2023$0
FY2024$2K
FY2025$6K
Revenue less expensesPt I · Ln 19$118K
Total assetsPt X · Ln 16$196K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$196K
Total assetsLn 16$196K
Total liabilitiesLn 26$0
Total net assetsLn 32$196K
Months of cash on handcomputed7.5

Statement of Revenue

Part VIII
Contributions & grants103%$445K
Total revenueLn 12$431K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $196K · Operating expenses (Pt IX) $313K · Less non-cash grants $93K · Cash operating expenses/yr $220K
10.7 months
Where the money goes
Program services
Program services $294K · Total expenses $313K
94%
Management & General
Management & general $20K · Total expenses $313K
6%
Fundraising
Fundraising $0 · Total expenses $313K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $445K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $445K · Total revenue $431K
103%
Government reliance
Government grants — · Total revenue $431K
—
Earned-income share
Program service revenue $0 · Total revenue $431K
0%
Investment reliance
Investment income $0 · Total revenue $431K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $313K
0%
Growth & trend
Revenue growth (YoY)
This year $431K · Prior year $96K
+347%
Net-asset trend (YoY)
End of year $196K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $431K · Expenses $313K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $196K
—
Net-asset ratio
Net assets $196K · Total assets $196K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $196K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rachel Nickens · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $313K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $313K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Fundraising cost ratio 0%——
Revenue growth 347%——
Accounting fee ratio 0.1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Project Coordinator
$0Pt VII · Sec A
Event Coordinator
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Improves education, health, and well-being for children and the elderly worldwide.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $275K of program spending, described in the organization's own filed words · FY2022.
01

Jd Sheth Foundation's Home of the Brave Project

JD sheth foundation continued our sustainable work in 2022 through our home of the brave initiative which, in a collaborative manner, we started construction on three new homes to provide homeownership opportunities for honorably discharged veterans, with a priority going to disabled female veterans.

$237Kprogram expense
02

Imani Milele Children

In the fall of 2022, JD sheth was happy to be able to support imani milele children (imani) by helping with the purchase of solar panels and the drilling of a new water well. Imani operates eight educational centers throughout uganda, serving over 4,000 children.

$27Kprogram expense
03

African People's Education and Defense Fund (apedf)

In the spring of 2022, the JD sheth foundation partnered with the apedf to fund the purchase of appliances and air conditioning units for their four-plex housing unit in ST. Louis, mo. The housing unit is part of apedf's african independence workforce program which addresses recidivism of formerly incarcerated black men and women by…

$11Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 14 grants · $177K · 2022–2025
Easterseals Rehabilition CenterFY2025$10,000
Immigrant Welcome & Resource CenterFY2025$9,929
Hand in Hand MinistriesFY2024$19,200
Echo Housing & Community DevelopmentFY2024$10,000
Evsc Foundation INCIN · FY2024$10,000
Imani Milele Children INCFL · FY2023$23,472
Amani Partners KenyaIN · FY2023$12,855
Children's Museum of EvansvilleFY2023$12,500
Evsc Foundation INCIN · FY2023$10,000
Hand in Hand MinistriesFY2023$8,000
Ark Crisis Childrens CenterFY2023$5,783
Imani Milele Children INCFL · FY2022$26,867

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $451K$519K+83% 990 PDF
FY2024 $246K$461K-74% 990 PDF
FY2023 $961K$339K+123% 990 PDF
FY2022 Viewing $431K$313K+347% 990 PDF
FY2021 $96K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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