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Khalsa University FY2021 filing

Tax-deductible

Bellingham, WA501(c)(3)Colleges & UniversitiesEIN 81-1426103Revenue $136K in FY2021

On file with the IRS900 Iowa St, 98225-4230 · Bellingham, WATax-exempt since Apr 2022School — 170(b)(1)(A)(ii)

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educate youth for higher educat medical sciences, engineering, economics, agricultural sciences fro highschool level to doctorate level

501(c)(3) charity; gifts are tax-deductible.
33¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
1 of 5
filings with a surplus
Average deficit $27K a year · 16% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
33%
of spending
Concern: 33% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$538K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$136K
+17% vs prior year
Spent
$207K
To programs
33%
Net assets
$477K
By yearFY2020–FY2024
Revenue
$136K
FY2021▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$116K
FY2021$136K
FY2022$182K
FY2023$203K
FY2024$198K
Expenses
$207K
FY2021▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$207K
FY2022$187K
FY2023$226K
FY2024$198K
Net assets
$477K
FY2021▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$472K
FY2021$477K
FY2022$505K
FY2023$482K
FY2024$512K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2021-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Apr 2022.

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

Where the money goes

33 cents of each dollar spent went to programs.

Program services 33% · $68K Management & general 67% · $139K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Khalsa University 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

Prepares young people for careers in medicine, engineering, economics, and agriculture from high school through doctoral degrees.

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Provided by the organization

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1 program · $68K · in their own filed words · FY2021
01

Helped flood victims in sumas river flood

$68Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$136K
Ln 12
Gifts and grantsLn 1h$116K
Other incomeLn 4–11$20K
Money outPt IX
$207K
Ln 25
Programscol B$68K
Managementcol C$139K
Owns and owesPt X
$477K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$1.0M
LiabilitiesLn 26$538K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$116K
Other incomeLn 4–11$20K
Total revenueLn 12$136K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$8K
Cash and savings togetherLn 1–2$44K
Land, buildings, equipmentLn 10c$972K
Total assetsLn 16$1.0M
LiabilitiesLn 26$538K
Net assetsLn 32$477K
OperationsPt I, VI
EmployeesI 50
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 FY21End FY21
Cash and savingsLn 1–2$37K$44K
Land, buildings, equipmentLn 10c$1.0M$972K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$600K$538K
Net assetsLn 32$472K$477K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Grants to domestic individualsLn 2$18K$18K
Accounting feesLn 11c$3K$3K
InterestLn 20$22K$22K
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$28K$28K
All other expensesLn 24e$18K$18K
Total functional expensesLn 25$207K$68K$139K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $198K$198K$640$512K 990 PDF
FY2023 $203K$226K−$23K$482K 990 PDF
FY2022 $182K$187K−$5K$505K 990 PDF
FY2021 Viewing $136K$207K−$71K$477K 990 PDF
FY2020 $116K$152K−$35K$472K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $136,001 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $98,500$115,501
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $18,000$20,500
I-12 Total revenuePrior year $116,500$136,001
I-13 Grants and similar amounts paid$68,305
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $151,689$139,140
I-18 Total expensesPrior year $151,689$207,445
I-19 Revenue less expensesPrior year −$35,189−$71,444
Part VI · Governance 0 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $136,001 across 6 lines filed
VIII-1f All other contributions, gifts and grants$115,501
VIII-1h Total contributions, gifts and grants$115,501
VIII-6 Net rental income or lossRelated to mission $18,000$18,000
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,500$2,500
VIII-12 Total revenueRelated to mission $20,500$136,001
Part IX · Statement of functional expenses $207,445 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $50,550$50,550
IX-2 Grants to domestic individualsPrograms $17,755$17,755
IX-11c Accounting feesManagement $2,576$2,576
IX-20 InterestManagement $21,812$21,812
IX-22 Depreciation, depletion and amortizationManagement $63,051$63,051
IX-23 InsuranceManagement $5,152$5,152
IX-24 Other expenses (24a–d)Management $28,121$28,121
IX-24e All other expensesManagement $18,428$18,428
IX-25 Total functional expensesPrograms $68,305 · Management $139,140 · Fundraising $0$207,445
Part X · Balance sheet $1,015,928 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $34,862$36,133
X-2 Savings and temporary cash investmentsStart of year $2,223$7,774
X-10c Land, buildings and equipment, netStart of year $1,035,072$972,021
X-16 Total assetsStart of year $1,072,157$1,015,928
X-26 Total liabilitiesStart of year $600,000$538,442
X-32 Total net assets or fund balancesStart of year $472,157$477,486
X-33 Total liabilities and net assetsStart of year $1,072,157$1,015,928
Part XI · Reconciliation of net assets $477,486 net assets at year end
XI-1 Total revenue$136,001
XI-2 Total expenses$207,445
XI-3 Revenue less expenses−$71,444
XI-4 Net assets at start of year$472,157
XI-10 Net assets at end of year$477,486

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

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