Shadhika Project INC FY2020 filing

Denver, COUnknown exempt organization EIN 77-0344785Revenue $397K in FY2020

On file with the IRSshadhika.org1031 33rd Street Suite 172 · Denver, CO

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To provide funding and support to women-led non-profits in india that are working to empower girls so that they can realize a better future.

78¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $70K a year · 12% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $162K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$397K
Spent
$512K
To programs
78%
Net assets
$604K
By yearFY2020–FY2024
Revenue
$397K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$397K
FY2021$851K
FY2022$639K
FY2023$486K
FY2024$503K
Expenses
$512K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$512K
FY2021$623K
FY2022$749K
FY2023$997K
FY2024$348K
Net assets
$604K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$604K
FY2021$834K
FY2022$717K
FY2023$207K
FY2024$362K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $398K Management & general 11% · $55K Fundraising 12% · $60K

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

14 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Presid
$50,227Pt VII · Sec A
$19,932Pt VII · Sec A
Immed Past C
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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.

See Shadhika Project INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds and supports women-led nonprofits in India empowering girls for a better future.

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Provided by the organization

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1 program · $398K · in their own filed words · FY2020
01

Shadhika's mission is to inspire a culture shift in india by ensuring every young woman is empowered to realize her full potential. Investing from adolescence to adulthood, we partner with local women-led organizations that serve young women who face the highest discrimination in india.

$398Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$397K
Ln 12
Gifts and grantsLn 1h$389K
Other incomeLn 4–11$5K
Investment incomeLn 3$2K
Money outPt IX
$512K
Ln 25
Programscol B$398K
Managementcol C$55K
Fundraisingcol D$60K
Owns and owesPt X
$604K
net assets · Ln 32
Cash and savingsLn 1–2$493K
Total assetsLn 16$645K
LiabilitiesLn 26$41K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$389K
Investment incomeLn 3$2K
Other incomeLn 4–11$5K
Total revenueLn 12$397K
Assets in detailPt X, end of year
CashLn 1$40K
SavingsLn 2$454K
Cash and savings togetherLn 1–2$493K
Total assetsLn 16$645K
LiabilitiesLn 26$41K
Net assetsLn 32$604K
OperationsPt I, VI
EmployeesI 55
VolunteersI 63
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 FY20End FY20
Cash and savingsLn 1–2$462K$493K
Total assetsLn 16$724K$645K
LiabilitiesLn 26$5K$41K
Net assetsLn 32$719K$604K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$172K$172K
Pay of current officers, directors and key staffLn 5$70K$56K$5K$9K
Other salaries and wagesLn 7$106K$84K$8K$13K
Other employee benefitsLn 9$6K$5K$397$747
Payroll taxesLn 10$14K$12K$938$2K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$53K$31K$7K$15K
Advertising and promotionLn 12$2K$345$529$1K
Office expensesLn 13$9K$5K$807$3K
Information technologyLn 14$11K$3K$844$7K
OccupancyLn 16$12K$10K$901$2K
TravelLn 17$23K$15K$853$7K
Conferences, conventions and meetingsLn 19$223$223
InsuranceLn 23$5K$3K$585$795
Other expenses (24a–d)Ln 24$12K$473$11K$186
Total functional expensesLn 25$512K$398K$55K$60K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $503K$348K$155K$362K 990 PDF
FY2023 $486K$997K−$511K$207K 990 PDF
FY2022 $639K$749K−$111K$717K 990 PDF
FY2021 $851K$623K$229K$834K 990 PDF
FY2020 Viewing $397K$512K−$115K$604K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants F · Foreign O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $396,810 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $600,882$389,315
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,583$2,126
I-11 Other revenuePrior year $49,355$5,369
I-12 Total revenuePrior year $653,820$396,810
I-13 Grants and similar amounts paidPrior year $199,817$171,676
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $142,688$196,551
I-16a Professional fundraising feesPrior year $9,100$0
I-17 Other expensesPrior year $198,589$143,869
I-18 Total expensesPrior year $550,194$512,096
I-19 Revenue less expensesPrior year $103,626−$115,286
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $396,810 across 6 lines filed
VIII-1f All other contributions, gifts and grants$389,315
VIII-1h Total contributions, gifts and grants$389,315
VIII-3 Investment incomeExcluded from tax $2,126$2,126
VIII-8 Net income from fundraising eventsExcluded from tax $5,129$5,129
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $240$240
VIII-12 Total revenueRelated to mission $240 · Excluded from tax $7,255$396,810
Part IX · Statement of functional expenses $512,096 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $171,676$171,676
IX-5 Pay of current officers, directors and key staffPrograms $56,001 · Management $5,262 · Fundraising $8,896$70,159
IX-7 Other salaries and wagesPrograms $84,463 · Management $7,941 · Fundraising $13,413$105,817
IX-9 Other employee benefitsPrograms $4,980 · Management $397 · Fundraising $747$6,124
IX-10 Payroll taxesPrograms $11,749 · Management $938 · Fundraising $1,764$14,451
IX-11c Accounting feesManagement $17,535$17,535
IX-11g Other fees for servicesPrograms $31,081 · Management $7,275 · Fundraising $14,661$53,017
IX-12 Advertising and promotionPrograms $345 · Management $529 · Fundraising $1,227$2,101
IX-13 Office expensesPrograms $5,371 · Management $807 · Fundraising $2,640$8,818
IX-14 Information technologyPrograms $3,032 · Management $844 · Fundraising $6,964$10,840
IX-16 OccupancyPrograms $9,670 · Management $901 · Fundraising $1,897$12,468
IX-17 TravelPrograms $15,238 · Management $853 · Fundraising $6,576$22,667
IX-19 Conferences, conventions and meetingsPrograms $223$223
IX-23 InsurancePrograms $3,210 · Management $585 · Fundraising $795$4,590
IX-24 Other expenses (24a–d)Programs $473 · Management $10,951 · Fundraising $186$11,610
IX-25 Total functional expensesPrograms $397,512 · Management $54,818 · Fundraising $59,766$512,096
Part X · Balance sheet $644,644 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $47,246$39,604
X-2 Savings and temporary cash investmentsStart of year $414,910$453,662
X-3 Pledges and grants receivableStart of year $208,657$123,725
X-4 Accounts receivableStart of year $31,661$15,131
X-9 Prepaid expenses and deferred chargesStart of year $21,536$12,522
X-16 Total assetsStart of year $724,010$644,644
X-17 Accounts payable and accrued expensesStart of year $4,789$9,809
X-25 Other liabilities$30,900
X-26 Total liabilitiesStart of year $4,789$40,709
X-27 Net assets without donor restrictionsStart of year $488,973$528,986
X-28 Net assets with donor restrictionsStart of year $230,248$74,949
X-32 Total net assets or fund balancesStart of year $719,221$603,935
X-33 Total liabilities and net assetsStart of year $724,010$644,644
Part XI · Reconciliation of net assets $603,935 net assets at year end
XI-1 Total revenue$396,810
XI-2 Total expenses$512,096
XI-3 Revenue less expenses−$115,286
XI-4 Net assets at start of year$719,221
XI-10 Net assets at end of year$603,935

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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