Shadhika Project INC FY2023 filing

Denver, COUnknown exempt organization EIN 77-0344785Revenue $486K in FY2023

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.

72¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
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
$30K
13% of total assets
Looks good: liabilities are 13% 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
$486K
-24% vs prior year
Spent
$997K
To programs
72%
Net assets
$207K
By yearFY2020–FY2024
Revenue
$486K
FY2023▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$397K
FY2021$851K
FY2022$639K
FY2023$486K
FY2024$503K
Expenses
$997K
FY2023▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$512K
FY2021$623K
FY2022$749K
FY2023$997K
FY2024$348K
Net assets
$207K
FY2023▼ -71%
Tap a bar for its year
Net assets by fiscal year
FY2020$604K
FY2021$834K
FY2022$717K
FY2023$207K
FY2024$362K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

72 cents of each dollar spent went to programs.

Program services 72% · $722K Management & general 17% · $170K Fundraising 11% · $105K

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; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Presid
$74,585Pt VII · Sec A
Interim Exec
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$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 · $722K · in their own filed words · FY2023
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…

$722Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$486K
Ln 12
Gifts and grantsLn 1h$455K
Other incomeLn 4–11$26K
Investment incomeLn 3$5K
Money outPt IX
$997K
Ln 25
Programscol B$722K
Managementcol C$170K
Fundraisingcol D$105K
Owns and owesPt X
$207K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$237K
LiabilitiesLn 26$30K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$455K
Noncash giftsLn 1g$7K
Investment incomeLn 3$5K
Other incomeLn 4–11$26K
Gains on assetsLn 7$3K
Total revenueLn 12$486K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$70K
Cash and savings togetherLn 1–2$75K
Total assetsLn 16$237K
LiabilitiesLn 26$30K
Net assetsLn 32$207K
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 FY23End FY23
Cash and savingsLn 1–2$439K$75K
Total assetsLn 16$742K$237K
LiabilitiesLn 26$25K$30K
Net assetsLn 32$717K$207K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$365K$365K
Pay of current officers, directors and key staffLn 5$77K$38K$19K$20K
Other salaries and wagesLn 7$178K$73K$43K$62K
Pension plan contributionsLn 8$4K$2K$1K$793
Other employee benefitsLn 9$8K$3K$3K$2K
Payroll taxesLn 10$21K$9K$8K$4K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$130K$114K$11K$5K
Advertising and promotionLn 12$2K$62$2K
Office expensesLn 13$13K$570$12K$819
Information technologyLn 14$11K$351$11K$98
OccupancyLn 16$10K$832$9K$47
TravelLn 17$42K$26K$8K$8K
Conferences, conventions and meetingsLn 19$86K$86K
InsuranceLn 23$3K$584$2K$440
Other expenses (24a–d)Ln 24$14K$4K$9K$2K
All other expensesLn 24e$321$321
Total functional expensesLn 25$997K$722K$170K$105K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $503K$348K$155K$362K 990 PDF
FY2023 Viewing $486K$997K−$511K$207K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $486,362 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $618,099$454,813
I-9 Program service revenue$0
I-10 Investment incomePrior year $775$5,289
I-11 Other revenuePrior year $19,909$26,260
I-12 Total revenuePrior year $638,783$486,362
I-13 Grants and similar amounts paidPrior year $240,170$364,602
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $251,709$288,565
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $257,509$343,721
I-18 Total expensesPrior year $749,388$996,888
I-19 Revenue less expensesPrior year −$110,605−$510,526
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 $486,362 across 8 lines filed
VIII-1f All other contributions, gifts and grants$454,813
VIII-1g Noncash contributions (included above)$7,152
VIII-1h Total contributions, gifts and grants$454,813
VIII-3 Investment incomeRelated to mission $429 · Excluded from tax $2,244$2,673
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,616$2,616
VIII-8 Net income from fundraising eventsExcluded from tax $25,972$25,972
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $288$288
VIII-12 Total revenueRelated to mission $3,333 · Excluded from tax $28,216$486,362
Part IX · Statement of functional expenses $996,888 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $364,602$364,602
IX-5 Pay of current officers, directors and key staffPrograms $38,377 · Management $19,136 · Fundraising $19,697$77,210
IX-7 Other salaries and wagesPrograms $72,945 · Management $43,404 · Fundraising $62,016$178,365
IX-8 Pension plan contributionsPrograms $1,572 · Management $1,415 · Fundraising $793$3,780
IX-9 Other employee benefitsPrograms $3,343 · Management $3,009 · Fundraising $1,688$8,040
IX-10 Payroll taxesPrograms $8,807 · Management $7,920 · Fundraising $4,443$21,170
IX-11c Accounting feesManagement $31,050$31,050
IX-11g Other fees for servicesPrograms $114,493 · Management $10,584 · Fundraising $5,104$130,181
IX-12 Advertising and promotionPrograms $62 · Management $2,426$2,488
IX-13 Office expensesPrograms $570 · Management $11,730 · Fundraising $819$13,119
IX-14 Information technologyPrograms $351 · Management $10,755 · Fundraising $98$11,204
IX-16 OccupancyPrograms $832 · Management $9,349 · Fundraising $47$10,228
IX-17 TravelPrograms $25,954 · Management $7,579 · Fundraising $8,448$41,981
IX-19 Conferences, conventions and meetingsPrograms $85,578$85,578
IX-23 InsurancePrograms $584 · Management $2,170 · Fundraising $440$3,194
IX-24 Other expenses (24a–d)Programs $3,600 · Management $9,211 · Fundraising $1,566$14,377
IX-24e All other expensesPrograms $321$321
IX-25 Total functional expensesPrograms $721,991 · Management $169,738 · Fundraising $105,159$996,888
Part X · Balance sheet $236,781 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $27,948$4,800
X-2 Savings and temporary cash investmentsStart of year $411,531$70,026
X-3 Pledges and grants receivableStart of year $233,350$123,417
X-4 Accounts receivableStart of year $29,892$31,565
X-9 Prepaid expenses and deferred chargesStart of year $14,128$6,973
X-16 Total assetsStart of year $742,109$236,781
X-17 Accounts payable and accrued expensesStart of year $24,754$29,952
X-26 Total liabilitiesStart of year $24,754$29,952
X-27 Net assets without donor restrictionsStart of year $717,355$206,829
X-32 Total net assets or fund balancesStart of year $717,355$206,829
X-33 Total liabilities and net assetsStart of year $742,109$236,781
Part XI · Reconciliation of net assets $206,829 net assets at year end
XI-1 Total revenue$486,362
XI-2 Total expenses$996,888
XI-3 Revenue less expenses−$510,526
XI-4 Net assets at start of year$717,355
XI-10 Net assets at end of year$206,829

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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