Ashakiran Inc
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 55
- Location
- Huntsville, AL
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 20-4262021
Organization Overview
Ashakiran Inc is located in Huntsville, AL. The organization was established in 2006. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Ashakiran Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashakiran 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 12/2021, Ashakiran Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 27.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CRISIS SERVICES - CULTURALLY SENSITIVE TO UNDERSERVED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRISIS SERVICES - CULTURALLY SENSITIVE TO UNDERSERVED POPULATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veleda Davis Executive Director | Officer | 40 | $74,161 |
Michael Conrad Chair | OfficerTrustee | 4 | $0 |
Shah Alam Secretary | OfficerTrustee | 4 | $0 |
Camilla Gaston Vice Chair | OfficerTrustee | 4 | $0 |
Annette Philpot Treasurer | OfficerTrustee | 4 | $0 |
Farah Sultan Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,170,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,170,688 |
| Total Program Service Revenue | $0 |
| Investment income | $923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $315,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,487,096 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,161 |
| Compensation of current officers, directors, key employees. | $3,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $599,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,281 |
| Payroll taxes | $55,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,291 |
| Insurance | $0 |
| All other expenses | $75 |
| Total functional expenses | $1,111,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,477 |
| Savings and temporary cash investments | $346,055 |
| Pledges and grants receivable | $258,607 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,014 |
| Net Land, buildings, and equipment | $491,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,341,048 |
| Accounts payable and accrued expenses | $27,266 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,266 |
| Net assets without donor restrictions | $1,313,782 |
| Net assets with donor restrictions | $0 |
| 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 | $1,341,048 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ashakiran Inc has recieved totaling $9,028.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Parker Griffith Family Foundation Huntsville, AL PURPOSE: CHARITABLE | $2,500 |
Pushpa And Val T Sapra Foundation Huntsville, AL PURPOSE: SUPPORTS PREVENT DOMESTIC VIOLENCE | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asian Americans Advancing Justice Atlanta Inc Norcross, GA | $10,786,790 | $12,514,597 |
Latin American Association Inc Atlanta, GA | $12,327,144 | $4,455,761 |
Caridad Center Inc Boynton Beach, FL | $10,547,629 | $6,073,314 |
Levite Jewish Community Center Birmingham, AL | $3,089,514 | $6,239,391 |
New American Pathways Inc Atlanta, GA | $3,531,610 | $5,662,832 |
Ser Familia Inc Kennesaw, GA | $848,486 | $3,818,877 |
Welcoming America Inc Atlanta, GA | $3,862,053 | $4,483,261 |
Bridge Refugee Services Inc Knoxville, TN | $945,056 | $1,835,371 |
Collat Jewish Family Services Birmingham, AL | $1,001,646 | $1,619,749 |
Crescent Project Inc Franklin, TN | $1,268,545 | $1,819,436 |
El Sol Jupiters Neighborhood Resource Center Inc Jupiter, FL | $1,624,555 | $1,486,745 |
Ashakiran Inc Huntsville, AL | $1,341,048 | $1,487,096 |