Shadhika Project INC FY2022 filing

Denver, COUnknown exempt organization EIN 77-0344785Revenue $639K in FY2022

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.

75¢ of each $1 spent went to programs.
$103K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$103K
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
7 mo
of spending, in cash
Looks good: 7.0 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
$25K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$639K
-25% vs prior year
Spent
$749K
To programs
75%
Net assets
$717K
By yearFY2020–FY2024
Revenue
$639K
FY2022▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$397K
FY2021$851K
FY2022$639K
FY2023$486K
FY2024$503K
Expenses
$749K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$512K
FY2021$623K
FY2022$749K
FY2023$997K
FY2024$348K
Net assets
$717K
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$604K
FY2021$834K
FY2022$717K
FY2023$207K
FY2024$362K

From the FY2022 Form 990 · see the original

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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

75 cents of each dollar spent went to programs.

Program services 75% · $563K Management & general 14% · $103K Fundraising 11% · $83K

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

13 people listed on the 990; $103K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Presid
$103,000Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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 →

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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 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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Provided by the organization

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1 program · $563K · in their own filed words · FY2022
01

Shadhika's mission is to inspire a culture shift in india by ensuring every young woman is empowered to realize her full potential. 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…

$563Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$639K
Ln 12
Gifts and grantsLn 1h$618K
Other incomeLn 4–11$20K
Investment incomeLn 3$775
Money outPt IX
$749K
Ln 25
Programscol B$563K
Managementcol C$103K
Fundraisingcol D$83K
Owns and owesPt X
$717K
net assets · Ln 32
Cash and savingsLn 1–2$439K
Total assetsLn 16$742K
LiabilitiesLn 26$25K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$618K
Government grantsLn 1e$60K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$113K
Investment incomeLn 3$775
Other incomeLn 4–11$20K
Total revenueLn 12$639K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$412K
Cash and savings togetherLn 1–2$439K
InvestmentsLn 11–13$25K
Total assetsLn 16$742K
LiabilitiesLn 26$25K
Net assetsLn 32$717K
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 FY22End FY22
Cash and savingsLn 1–2$636K$439K
InvestmentsLn 11–13$31K$25K
Total assetsLn 16$852K$742K
LiabilitiesLn 26$18K$25K
Net assetsLn 32$834K$717K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$240K$240K
Pay of current officers, directors and key staffLn 5$106K$60K$19K$27K
Other salaries and wagesLn 7$117K$67K$20K$30K
Pension plan contributionsLn 8$3K$2K$1K$609
Other employee benefitsLn 9$7K$4K$2K$1K
Payroll taxesLn 10$18K$9K$6K$3K
Accounting feesLn 11c$33K$33K
Other fees for servicesLn 11g$100K$90K$6K$4K
Advertising and promotionLn 12$18K$9K$10K
Office expensesLn 13$12K$8K$5K$136
Information technologyLn 14$11K$7K$3K$2K
OccupancyLn 16$12K$9K$3K$971
TravelLn 17$26K$21K$2K$3K
Conferences, conventions and meetingsLn 19$32K$32K
InsuranceLn 23$2K$2K$126$168
Other expenses (24a–d)Ln 24$10K$4K$4K$2K
All other expensesLn 24e$358$358
Total functional expensesLn 25$749K$563K$103K$83K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $503K$348K$155K$362K 990 PDF
FY2023 $486K$997K−$511K$207K 990 PDF
FY2022 Viewing $639K$749K−$111K$717K 990 PDF
FY2021 $851K$623K$229K$834K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $638,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $852,433$618,099
I-9 Program service revenue$0
I-10 Investment incomePrior year $536$775
I-11 Other revenuePrior year −$1,482$19,909
I-12 Total revenuePrior year $851,487$638,783
I-13 Grants and similar amounts paidPrior year $259,986$240,170
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $214,923$251,709
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $147,737$257,509
I-18 Total expensesPrior year $622,646$749,388
I-19 Revenue less expensesPrior year $228,841−$110,605
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $638,783 across 9 lines filed
VIII-1c Fundraising events$112,885
VIII-1e Government grants$59,584
VIII-1f All other contributions, gifts and grants$445,630
VIII-1g Noncash contributions (included above)$15,931
VIII-1h Total contributions, gifts and grants$618,099
VIII-3 Investment incomeRelated to mission $296 · Excluded from tax $479$775
VIII-8 Net income from fundraising eventsExcluded from tax $19,906$19,906
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3$3
VIII-12 Total revenueRelated to mission $299 · Excluded from tax $20,385$638,783
Part IX · Statement of functional expenses $749,388 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $240,170$240,170
IX-5 Pay of current officers, directors and key staffPrograms $60,406 · Management $18,695 · Fundraising $26,989$106,090
IX-7 Other salaries and wagesPrograms $66,738 · Management $20,060 · Fundraising $29,986$116,784
IX-8 Pension plan contributionsPrograms $1,702 · Management $1,121 · Fundraising $609$3,432
IX-9 Other employee benefitsPrograms $3,628 · Management $2,390 · Fundraising $1,299$7,317
IX-10 Payroll taxesPrograms $8,964 · Management $5,908 · Fundraising $3,214$18,086
IX-11c Accounting feesManagement $33,037$33,037
IX-11g Other fees for servicesPrograms $90,152 · Management $5,705 · Fundraising $3,708$99,565
IX-12 Advertising and promotionPrograms $8,501 · Fundraising $9,606$18,107
IX-13 Office expensesPrograms $7,786 · Management $4,577 · Fundraising $136$12,499
IX-14 Information technologyPrograms $6,825 · Management $2,565 · Fundraising $1,535$10,925
IX-16 OccupancyPrograms $8,674 · Management $2,665 · Fundraising $971$12,310
IX-17 TravelPrograms $21,086 · Management $2,301 · Fundraising $2,991$26,378
IX-19 Conferences, conventions and meetingsPrograms $31,986$31,986
IX-23 InsurancePrograms $1,809 · Management $126 · Fundraising $168$2,103
IX-24 Other expenses (24a–d)Programs $4,402 · Management $3,884 · Fundraising $1,955$10,241
IX-24e All other expensesPrograms $358$358
IX-25 Total functional expensesPrograms $563,187 · Management $103,034 · Fundraising $83,167$749,388
Part X · Balance sheet $742,109 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $90,359$27,948
X-2 Savings and temporary cash investmentsStart of year $545,771$411,531
X-3 Pledges and grants receivableStart of year $164,545$233,350
X-4 Accounts receivableStart of year $6,688$29,892
X-9 Prepaid expenses and deferred chargesStart of year $13,611$14,128
X-11 Publicly traded securitiesStart of year $30,873$25,260
X-16 Total assetsStart of year $851,847$742,109
X-17 Accounts payable and accrued expensesStart of year $17,873$24,754
X-26 Total liabilitiesStart of year $17,873$24,754
X-27 Net assets without donor restrictionsStart of year $776,858$717,355
X-32 Total net assets or fund balancesStart of year $833,974$717,355
X-33 Total liabilities and net assetsStart of year $851,847$742,109
Part XI · Reconciliation of net assets $717,355 net assets at year end
XI-1 Total revenue$638,783
XI-2 Total expenses$749,388
XI-3 Revenue less expenses−$110,605
XI-4 Net assets at start of year$833,974
XI-5 Net unrealized gains (losses) on investments−$6,014
XI-10 Net assets at end of year$717,355

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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