Kheyti Inc
- Assets
- $7.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 07/2019
- Data as of
- 03/2023
- EIN
- 32-0503382
Organization Overview
Kheyti Inc is located in Short Hills, NJ. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kheyti 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 03/2023, Kheyti Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $92.0k during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DESIGN, ADAPT AND IMPLEMENT LOW-COST FARMING SOLUTIONS THAT HELP SMALL FARMERS IN INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREENHOUSE-IN-A-BOX:UNDER THIS PROGRAM, KHEYTI HELPS SMALLHOLDER FARMERS BECOME CLIMATE RESILIENT BY PROVIDING THEM ACCESS TO LOW-COST GREENHOUSE TECHNOLOGIES AND GIVING THEM FREE TRAINING, EDUCATION, AND MARKET ACCESS SERVICES. THE PROGRAM WAS LAUNCHED IN 2017 AND REACHED 1,000 FARMERS BY THE END OF 2022. IT AIMS TO EXPAND ITS REACH TO 4,000 FARMERS IN 2024 AND 1 MILLION OVER THE NEXT 10 YEARS. THE PROGRAM COSTS INCURRED IN THE US PRIMARILY INCLUDE CONSULTING COSTS FOR DESIGN, ENGINEERING AND PROGRAM. SINCE A MAJOR PART OF ITS ACTIVITY IS CARRIED OUT THROUGH ITS 100% OWNED SUBSIDIARY IN INDIA, ADDITIONAL COSTS OF THE PROGRAM HAVE BEEN INCLUDED IN THE REPORTING OF THE SUBSIDIARY.
THE GREENHOUSE-IN-A-BOX:UNDER THIS PROGRAM, KHEYTI HELPS SMALLHOLDER FARMERS BECOME CLIMATE RESILIENT BY PROVIDING THEM ACCESS TO LOW-COST GREENHOUSE TECHNOLOGIES AND GIVING THEM FREE TRAINING, EDUCATION, AND MARKET ACCESS SERVICES. THE PROGRAM WAS LAUNCHED IN 2017 AND REACHED 1,000 FARMERS BY THE END OF 2022. IT AIMS TO EXPAND ITS REACH TO 4,000 FARMERS IN 2024 AND 1 MILLION OVER THE NEXT 10 YEARS. THE PROGRAM COSTS INCURRED IN THE US PRIMARILY INCLUDE CONSULTING COSTS FOR DESIGN, ENGINEERING AND PROGRAM. SINCE A MAJOR PART OF ITS ACTIVITY IS CARRIED OUT THROUGH ITS 100% OWNED SUBSIDIARY IN INDIA, ADDITIONAL COSTS OF THE PROGRAM HAVE BEEN INCLUDED IN THE REPORTING OF THE SUBSIDIARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramachandra Kaushik Kappagantulu Na President | OfficerTrustee | 1 | $0 |
Venkata Sathya Raghu Mokkapati Director | Trustee | 1 | $0 |
Amrita Bhandari Treasurer | OfficerTrustee | 0.8 | $0 |
Dinkar Ayilavarapu Director | Trustee | 0.8 | $0 |
Prakash Shukla Secretary | OfficerTrustee | 0.8 | $0 |
Ramana Gupta Director | Trustee | 0.8 | $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 | $1,045,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,045,000 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,045,015 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,897 |
| Advertising and promotion | $0 |
| Office expenses | $5 |
| Information technology | $165 |
| Royalties | $0 |
| Occupancy | $210 |
| Travel | $1,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,340 |
| Total functional expenses | $91,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,086,636 |
| 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 | $1,605 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,807,545 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,481,358 |
| Accounts payable and accrued expenses | $31,053 |
| 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 | $500,000 |
| Total liabilities | $531,053 |
| Net assets without donor restrictions | $6,933,669 |
| Net assets with donor restrictions | $16,636 |
| 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 | $7,481,358 |