Sharing Happiness Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 85-3913023)

Revenue by fiscal year
FY2022	$2.0M
FY2023	$6.0M
FY2024	$9.6M
FY2025	$1.9M

Expenses by fiscal year
FY2022	$1.5M
FY2023	$5.5M
FY2024	$8.4M
FY2025	$1.5M

Net assets by fiscal year
FY2022	$488K
FY2023	$1.0M
FY2024	$2.2M
FY2025	$2.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $5.5M Management & general 0% · $12K Fundraising 0% · $800

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

3 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation

Niharika Srivastav

CEO and President

$45,976Pt VII · Sec A

Amandeep Mavi

CFO and Secretary

$0Pt VII · Sec A

Satyan Mishra

Chairperson

$0Pt VII · Sec A

Niharika Srivastav’s $46K as CEO and President is at the 4th percentile of top reported officer pay among 2833 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Sharing Happiness Foundation 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 15aNo

Programs and updates

Builds strong communities through economic cooperation, sustainability, and happiness initiatives.

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Provided by the organization

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1 program · $5.5M · in their own filed words · FY2023

01

Support communities though economic inter dependence

$5.5Mprogram 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 · FY2023

Vanguard Charitable Endowment ProgramFY2023$4.0M

Amazonsmile FoundationFY2023$16

Total grants receivedfrom 2 funders$4.0M

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$6.0M

Ln 12

Gifts and grantsLn 1h$6.0M

Money outPt IX

$5.5M

Ln 25

Programscol B$5.5M

Managementcol C$12K

Fundraisingcol D$800

Owns and owesPt X

$1.0M

net assets · Ln 32

Cash and savingsLn 1–2$4K

Total assetsLn 16$1.0M

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A1

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.0M

Total revenueLn 12$6.0M

Assets in detailPt X, end of year

CashLn 1$4K

SavingsLn 2$0

Cash and savings togetherLn 1–2$4K

InvestmentsLn 11–13$1.0M

Other assetsLn 15$0

Total assetsLn 16$1.0M

LiabilitiesLn 26$0

Net assetsLn 32$1.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$488K	$4K
InvestmentsLn 11–13	$0	$1.0M
Total assetsLn 16	$488K	$1.0M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$488K	$1.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants and assistance to foreign recipientsLn 3	$5.4M	$5.4M
Pay of current officers, directors and key staffLn 5	$46K	$46K	$0	$0
Legal feesLn 11b	$2K	$0	$2K	$0
Accounting feesLn 11c	$3K	$0	$3K	$0
Advertising and promotionLn 12	$800	$0	$0	$800
Office expensesLn 13	$3K	$0	$3K	$0
Information technologyLn 14	$2K	$0	$2K	$0
TravelLn 17	$4K	$3K	$137	$0
Other expenses (24a–d)Ln 24	$1K	$0	$1K	$0
Total functional expensesLn 25	$5.5M	$5.5M	$12K	$800

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.9M	$1.5M	$355K	$2.5M	990 PDF
FY2024	$9.6M	$8.4M	$1.2M	$2.2M	990 PDF
FY2023 Viewing	$6.0M	$5.5M	$523K	$1.0M	990 PDF
FY2022	$2.0M	$1.5M	$488K	$488K	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 FY2023 990 (6 parts)

Part I · Summary $6,001,993 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,005,000$6,001,993

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $2,005,000$6,001,993

I-13 Grants and similar amounts paidPrior year $1,504,800$5,417,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$45,976

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $12,203$15,981

I-18 Total expensesPrior year $1,517,003$5,478,957

I-19 Revenue less expensesPrior year $487,997$523,036

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $6,001,993 across 3 lines filed

VIII-1f All other contributions, gifts and grants$6,001,993

VIII-1h Total contributions, gifts and grants$6,001,993

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$6,001,993

Part IX · Statement of functional expenses $5,478,957 across 9 lines filed

IX-3 Grants and assistance to foreign recipientsPrograms $5,417,000$5,417,000

IX-5 Pay of current officers, directors and key staffPrograms $45,976 · Management $0 · Fundraising $0$45,976

IX-11b Legal feesPrograms $0 · Management $1,850 · Fundraising $0$1,850

IX-11c Accounting feesPrograms $0 · Management $3,250 · Fundraising $0$3,250

IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $800$800

IX-13 Office expensesPrograms $0 · Management $2,769 · Fundraising $0$2,769

IX-14 Information technologyPrograms $0 · Management $2,400 · Fundraising $0$2,400

IX-17 TravelPrograms $3,375 · Management $137 · Fundraising $0$3,512

IX-24 Other expenses (24a–d)Programs $0 · Management $1,400 · Fundraising $0$1,400

IX-25 Total functional expensesPrograms $5,466,351 · Management $11,806 · Fundraising $800$5,478,957

Part X · Balance sheet $1,011,033 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $487,997$3,833

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $0$0

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$7,200

X-11 Publicly traded securitiesStart of year $0$1,000,000

X-12 Other securitiesStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $487,997$1,011,033

X-17 Accounts payable and accrued expensesStart of year $0$0

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $487,997$1,011,033

X-33 Total liabilities and net assetsStart of year $487,997$1,011,033

Part XI · Reconciliation of net assets $1,011,033 net assets at year end

XI-1 Total revenue$6,001,993

XI-2 Total expenses$5,478,957

XI-3 Revenue less expenses$523,036

XI-4 Net assets at start of year$487,997

XI-10 Net assets at end of year$1,011,033

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

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Sharing Happiness Foundation FY2023 filing

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