Shadhika Project INC FY2021 filing

Denver, COUnknown exempt organization EIN 77-0344785Revenue $851K in FY2021Latest return filed Jul 30, 2025

On file with the IRSshadhika.orgDenver, 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.

70¢ of each $1 spent went to programs.
$83K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 12.3 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
$18K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$851K
+115% vs prior year
Spent
$623K
To programs
70%
Net assets
$834K
By yearFY2020–FY2024
Revenue
$851K
FY2021▲ +115%
Tap a bar for its year
Revenue by fiscal year
FY2020$397K
FY2021$851K
FY2022$639K
FY2023$486K
FY2024$503K
Expenses
$623K
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$512K
FY2021$623K
FY2022$749K
FY2023$997K
FY2024$348K
Net assets
$834K
FY2021▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$604K
FY2021$834K
FY2022$717K
FY2023$207K
FY2024$362K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

70 cents of each dollar spent went to programs.

Program services 70% · $437K Management & general 14% · $85K Fundraising 16% · $100K

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

8 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Presid
$82,514Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chair/Interi
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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.

See Shadhika Project INC executive salaries →

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 15aYes

Programs and updates

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

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1 program · $437K · in their own filed words · FY2021
01

Shadhika's mission is to inspire a culture shift in india by ensuring every young woman is empowered to realize her full potential. Shadhika believes in a future where each young person in india can choose their own path to meaning, purpose, and happiness.

$437Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$851K
Ln 12
Gifts and grantsLn 1h$852K
Investment incomeLn 3$536
Money outPt IX
$623K
Ln 25
Programscol B$437K
Managementcol C$85K
Fundraisingcol D$100K
Owns and owesPt X
$834K
net assets · Ln 32
Cash and savingsLn 1–2$636K
Total assetsLn 16$852K
LiabilitiesLn 26$18K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$852K
Government grantsLn 1e$70K
Fundraising eventsLn 1c$76K
Investment incomeLn 3$536
Total revenueLn 12$851K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$546K
Cash and savings togetherLn 1–2$636K
Pledges and grants receivableLn 3$165K
Accounts receivableLn 4$7K
Prepaid expenses and deferred chargesLn 9$14K
InvestmentsLn 11–13$31K
Total assetsLn 16$852K
LiabilitiesLn 26$18K
Net assetsLn 32$834K
OperationsPt I, VI
EmployeesI 55
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$119K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$493K$636K
InvestmentsLn 11–13$31K
Total assetsLn 16$645K$852K
LiabilitiesLn 26$41K$18K
Net assetsLn 32$604K$834K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$260K$260K
Pay of current officers, directors and key staffLn 5$83K$40K$17K$26K
Other salaries and wagesLn 7$107K$51K$21K$34K
Other employee benefitsLn 9$8K$3K$2K$3K
Payroll taxesLn 10$18K$7K$4K$6K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$42K$33K$3K$6K
Advertising and promotionLn 12$18K$18K$174$69
Office expensesLn 13$11K$5K$4K$991
Information technologyLn 14$8K$5K$2K$1K
OccupancyLn 16$11K$8K$2K$2K
TravelLn 17$7K$3K$3K$2K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$1K$1K$74$84
Other expenses (24a–d)Ln 24$20K$573$124$19K
Total functional expensesLn 25$623K$437K$85K$100K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 30, 2025 $503K$348K$155K$362K 990 PDF
FY2023Filed with the IRS Jun 13, 2024 $486K$997K−$511K$207K 990 PDF
FY2022Filed with the IRS Jul 18, 2023 $639K$749K−$111K$717K 990 PDF
FY2021 ViewingFiled with the IRS May 24, 2022 $851K$623K$229K$834K 990 PDF
FY2020Filed with the IRS May 24, 2021 $397K$512K−$115K$604K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants F · Foreign O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $851,487 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $389,315$852,433
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,126$536
I-11 Other revenuePrior year $5,369−$1,482
I-12 Total revenuePrior year $396,810$851,487
I-13 Grants and similar amounts paidPrior year $171,676$259,986
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $196,551$214,923
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $143,869$147,737
I-18 Total expensesPrior year $512,096$622,646
I-19 Revenue less expensesPrior year −$115,286$228,841
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $851,487 across 8 lines filed
VIII-1c Fundraising events$76,274
VIII-1e Government grants$69,984
VIII-1f All other contributions, gifts and grants$706,175
VIII-1h Total contributions, gifts and grants$852,433
VIII-3 Investment incomeRelated to mission $356 · Excluded from tax $180$536
VIII-8 Net income from fundraising eventsExcluded from tax −$1,776−$1,776
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $294$294
VIII-12 Total revenueRelated to mission $650 · Excluded from tax −$1,596$851,487
Part IX · Statement of functional expenses $622,646 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $259,986$259,986
IX-5 Pay of current officers, directors and key staffPrograms $39,516 · Management $16,503 · Fundraising $26,495$82,514
IX-7 Other salaries and wagesPrograms $51,206 · Management $21,498 · Fundraising $34,381$107,085
IX-9 Other employee benefitsPrograms $3,152 · Management $1,710 · Fundraising $2,649$7,511
IX-10 Payroll taxesPrograms $7,474 · Management $4,056 · Fundraising $6,283$17,813
IX-11c Accounting feesManagement $27,436$27,436
IX-11g Other fees for servicesPrograms $32,953 · Management $3,144 · Fundraising $5,785$41,882
IX-12 Advertising and promotionPrograms $18,081 · Management $174 · Fundraising $69$18,324
IX-13 Office expensesPrograms $5,367 · Management $4,347 · Fundraising $991$10,705
IX-14 Information technologyPrograms $5,030 · Management $1,983 · Fundraising $1,110$8,123
IX-16 OccupancyPrograms $7,601 · Management $1,740 · Fundraising $1,964$11,305
IX-17 TravelPrograms $3,004 · Management $2,576 · Fundraising $1,542$7,122
IX-19 Conferences, conventions and meetingsPrograms $1,883$1,883
IX-23 InsurancePrograms $1,004 · Management $74 · Fundraising $84$1,162
IX-24 Other expenses (24a–d)Programs $573 · Management $124 · Fundraising $19,098$19,795
IX-25 Total functional expensesPrograms $436,830 · Management $85,365 · Fundraising $100,451$622,646
Part X · Balance sheet $851,847 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $39,604$90,359
X-2 Savings and temporary cash investmentsStart of year $453,662$545,771
X-3 Pledges and grants receivableStart of year $123,725$164,545
X-4 Accounts receivableStart of year $15,131$6,688
X-9 Prepaid expenses and deferred chargesStart of year $12,522$13,611
X-11 Publicly traded securities$30,873
X-16 Total assetsStart of year $644,644$851,847
X-17 Accounts payable and accrued expensesStart of year $9,809$17,873
X-26 Total liabilitiesStart of year $40,709$17,873
X-27 Net assets without donor restrictionsStart of year $528,986$776,858
X-28 Net assets with donor restrictionsStart of year $74,949$57,116
X-32 Total net assets or fund balancesStart of year $603,935$833,974
X-33 Total liabilities and net assetsStart of year $644,644$851,847
Part XI · Reconciliation of net assets $833,974 net assets at year end
XI-1 Total revenue$851,487
XI-2 Total expenses$622,646
XI-3 Revenue less expenses$228,841
XI-4 Net assets at start of year$603,935
XI-5 Net unrealized gains (losses) on investments$1,198
XI-10 Net assets at end of year$833,974

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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