Asha Partners
- Assets
- $1.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Dallas, TX
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 03-0487825
Organization Overview
Asha Partners is located in Dallas, TX. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Asha Partners employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asha Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Asha Partners generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $9.1m during the year ending 12/2022. While expenses have increased by 35.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ELIMINATE POVERTY THROUGH THE CREATION OF SUSTAINABLE AND EFFECTIVE COMMUNITY DEVELOPMENT PROJECTS, AND TO CREATE HOLISTIC TRANSFORMATION BY BRINGING HOPE, EMPOWERMENT, AND HEALING TO THOSE WITH THE GREATEST NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL COMMUNITY DEVELOPMENT - WE EMPOWERED FAMILIES BY FUNDING THEDISTRIBUTION OF THOUSANDS OF MICRO-LOANS (SMALL LOANS GIVEN TO HELP FAMILIES START OR DEVELOP A BUSINESS TO COME OUT OF POVERTY WITH DIGNITY), THE EDUCATION OF 1,860ADDITIONAL CHILDREN WHO RECEIVED A FREE PRIMER EDUCATION THROUGH A RURAL VILLAGESCHOOL PROGRAM, AND A REMOTE MEDICAL CENTER FOR A COMMUNITY OF 100,000 PEOPLE. WEALSO FUNDED THE DEVELOPMENT OF A MOTHER-CHILD HOSPITAL AND EXPANSIONS TO A FISH FARMWHICH INCLUDES A 60-TANK FARM AND HATCHERY TO GENERATE VITAL PROTEIN AND JOBS. WEHELPED TO DISTRIBUTE LIFE-SAVING HUMANITARIAN AID FOR DISTRESSED FAMILIES IMPACTED BY NATURAL DISASTERS AND TO ESTABLISH MULTIPLE FAITH FORMATION GROUPS.
MISSIONS MINISTRY - WE REACHED OUT TO DISTRESSED FAMILIES IN OUR TARGET GEOGRAPHIC AREA BY DISTRIBUTING NEEDED SUPPLIES AND SHARING THE LOVE OF CHRIST. WE ALSO HELD AN ANNUAL CONFERENCE AND MONTHLY SEMINARS IN NORTH TEXAS TO EMPOWER BELIEVERS TO IMPACT THE UNREACHED WITH THE LOVE AND HOPE OF CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Abraham Sarker Int'l CEO | OfficerTrustee | 75 | $168,240 |
Dr Amie Sarker Secr/domest CEO | OfficerTrustee | 20 | $101,175 |
Rusty Davidson Executive Dir. | Officer | 40 | $49,508 |
Alice Fretwell Director | Trustee | 16 | $14,295 |
Dr Harold Sadler Chairman | OfficerTrustee | 5 | $0 |
Art Alexander Treas (part Yr) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,748 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,003,608 |
| Noncash contributions included in lines 1a–1f | $77,813 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,158,356 |
| Total Program Service Revenue | $7,551 |
| Investment income | $6,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,322 |
| Net Income from Fundraising Events | -$2,508 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $424 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,232,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,955,729 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $364,864 |
| Compensation of current officers, directors, key employees. | $94,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,360 |
| Pension plan accruals and contributions | $1,168 |
| Other employee benefits | $31,780 |
| Payroll taxes | $40,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,387 |
| Advertising and promotion | $6,709 |
| Office expenses | $147,445 |
| Information technology | $29,025 |
| Royalties | $0 |
| Occupancy | $77,046 |
| Travel | $124,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,211 |
| Interest | $18,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,058 |
| Insurance | $3,561 |
| All other expenses | $0 |
| Total functional expenses | $9,082,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $131,100 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,352 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,063 |
| Net Land, buildings, and equipment | $57,586 |
| Investments—publicly traded securities | $958,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,387 |
| Total assets | $1,678,259 |
| Accounts payable and accrued expenses | $46,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $518,642 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $286,168 |
| Total liabilities | $851,012 |
| Net assets without donor restrictions | $497,862 |
| Net assets with donor restrictions | $329,385 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,678,259 |