Akanksha Education Fund Inc

Organization Overview

Akanksha Education Fund Inc is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 03/2022, Akanksha Education Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akanksha Education Fund Inc 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 03/2022, Akanksha Education Fund Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $2.1m during the year ending 03/2022. While expenses have increased by 5.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED CHILDREN IN INDIA, AND RAISING SUPPORT FOR AND AWARENESS OF SUCH ACTIVITIES IN THE UNITED STATES. THROUGH ITS ACTIVITIES, AKANKSHA EDUCATION FUND INC. ENABLES SOME OF THE MOST MARGINALIZED CHILDREN IN THE WORLD TO MAXIMIZE THEIR POTENTIAL AND TRANSFORM THEIR LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AKANKSHA FOUNDATION PROVIDES CHILDREN FROM LOW-INCOME COMMUNITIES WITH A HIGH-QUALITY EDUCATION, ENABLING THEM TO MAXIMIZE THEIR POTENTIAL AND TRANSFORM THEIR LIVES. FOR OVER 30 YEARS, AKANKSHA HAS EDUCATED CHILDREN FROM LOW-INCOME COMMUNITIES ACROSS MUMBAI AND PUNE FIRST, THROUGH THEIR AFTER-SCHOOL CENTERS, AND SINCE 2007, THROUGH THE AKANKSHA SCHOOLS. TODAY, THEY ARE ONE OF THE LARGEST URBAN NETWORKS OF PUBLIC-PRIVATE PARTNERSHIP SCHOOLS OF ITS KIND IN INDIA. CURRENTLY, THE FOUNDATION OPERATES 27 SCHOOLS IN MUMBAI, PUNE AND NAGPUR, SERVING APPROXIMATELY 14,000 CHILDREN AND 4,000 ALUMNI. LOOKING AHEAD, THEY SEEK TO EXPAND THEIR NETWORK OF SCHOOLS, SHARE THEIR EFFECTIVE PRACTICES AND ADVOCATE FOR QUALITY SCHOOL REFORM FOR CHILDREN ACROSS INDIA.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Sejal Desai
Executive Director
$120,556
Gouri Sadhwani
Executive Director (thru 3/2021)
$68,750
Ramesh Srinivasan
President
$0
Sarah H Roberts
Vice President
$0
Bharti Malkani
Secretary
$0
Falguni Malkani
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$485,639
Related organizations$0
Government grants $49,790
All other contributions, gifts, grants, and similar amounts not included above$2,322,566
Noncash contributions included in lines 1a–1f $35,399
Total Revenue from Contributions, Gifts, Grants & Similar$2,857,995
Total Program Service Revenue$0
Investment income $843
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,434
Net Income from Fundraising Events -$5,864
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,850,540

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Akanksha Education Fund Inc has recieved totaling $299,784.

Awarding OrganizationAmount
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$133,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$87,211
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL PURPOSE

$35,000
Teresa & Paul Spiegelman Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS

$15,500
Arun I And Asmita Bhatia Family Foundation

New York, NY

PURPOSE: GENERAL PURPOSE

$7,000
View Grant Recipient Profile

Endowment Analysis

Create an account to unlock the data you need.

or