Shadhika Project INC EIN 77-0344785 Form 990 (PDF) Claim this org

Shadhika Project INC

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Funds and supports women-led nonprofits in India empowering girls for a better future. For fiscal year 2024 it reported $503K in revenue, $348K in expenses, and $362K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Denver, CO
Website
www.shadhika.org
Filings
5 on file (2020–2024)
Revenue
$503KFY2024
Expenses
$348K
Net assets
$362K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  77-0344785 Unknown exempt organization Denver, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds and supports women-led nonprofits in India empowering girls for a better future.
Leadership
Ankita Jhaveri · Board Co-Chair · $5K
Money in and out
$503K revenue, $348K expenses
Bottom line
+31% surplus margin
Reported financial activity · FY2024
Total revenue
$503K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$362K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $155K
Where spending went · Part IX cols B–D
Program services $1.20 Management & general $0.46 Fundraising $0.07
Surplus margin
+31%
revenue over expenses, this year▲ +129% vs prior filing year
Program spending
47%
of expenses reach programs▼ -35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$503K
FY2024▲ +3%
Expenses
$348K
FY2024▼ -65%
Total assets
$365K
FY2024▲ +54%
Total liabilities
$3K
FY2024▼ -89%
Total revenue
$503K
Pt VIII · Ln 12
Total expenses
$348K
Pt IX · Ln 25
Net assets
$362K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$155K
Total assetsPt X · Ln 16$365K
Program-expense ratioPt IX · col B120%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CShadhika Project INC
EINHdr · item D77-0344785
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.shadhika.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Co-Chair
$5,400Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Emeriturs
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
My Lo Cook$74,585$103,000$82,514$50,227
Kimberley Burnett$19,932
Ankita Jhaveri$5,400

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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Mission & Programs · Part III

Where the work happens

2 program services account for $581K of program spending, described in the organization's own filed words · FY2024.
01

Shadhika believes in a future where each person in India can choose their own path to meaning, purpose, and happiness. Through global philanthropy and in-country programming, Shadika believes that education is the most effective vehicle for women and girls* to move out of chronic disenfranchisement and towards self-determination.

$416Kprogram expense
02

Shadhika believes in a future where each person in India can choose their own path to meaning, purpose, and happiness. Through global philanthropy and in-country programming, Shadhika believes that education is the most effective vehicle for women and girls* to move out of chronic disenfranchisement and towards self-determination.

$165Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$503K
Investment income$282
Total revenueLn 12$503K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.20 Management & general $0.46 Fundraising $0.07
Program services120%$416K
Management & general46%$160K
Fundraising7%$23K
Total functional expensesLn 25$348K

Balance Sheet

Part X · end of year
CashLn 1$297K
Total assetsLn 16$365K
Total liabilitiesLn 26$3K
Total net assetsLn 32$362K
Months of cash on handcomputed10.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $297K · Operating expenses/yr $348K
10.2 months
Where the money goes
Program services
Program services $165K · Total expenses $348K
47%
Management & General
Management & general $160K · Total expenses $348K
46%
Fundraising
Fundraising $23K · Total expenses $348K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $70K · Solicited contributions (3-yr avg) $505K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $503K · Total revenue $503K
100%
Government reliance
Government grants — · Total revenue $503K
Earned-income share
Program service revenue $0 · Total revenue $503K
0%
Investment reliance
Investment income $282 · Total revenue $503K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $348K
0%
Growth & trend
Revenue growth (YoY)
This year $503K · Prior year $486K
+3%
Revenue CAGR
FY2020 $397K · FY2024 $503K
+6%
Net-asset trend (YoY)
End of year $362K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $503K · Expenses $348K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $365K
Net-asset ratio
Net assets $362K · Total assets $365K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $365K
0%
People & payroll
Highest Reported Total Compensation
Individual Ankita Jhaveri · Reported title Board Co-Chair · Highest reported compensation $5K · Total expenses $348K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $348K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 120%
Overhead ratio 46%
Fundraising cost ratio 5%
Revenue growth 3%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 7%
Fundraising fee ratio 0%

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 (Latest)$503K revenue · viewing · ⤓ 990 PDF
FY2023$486K revenue · ⤓ 990 PDF
FY2022$639K revenue · ⤓ 990 PDF
FY2021$851K revenue · ⤓ 990 PDF
FY2020$397K 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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