Swaniti Initiative is located in Houston, TX. The organization was established in 2012. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Swaniti Initiative employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swaniti Initiative 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 06/2022, Swaniti Initiative generated $2.4m in total revenue. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 100.4% per year over the past 3 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 SUPPORT THE DEVELOPMENT OF YOUTH IN INDIA BY AIDING IN THE STRENGTHENING OF THE EDUCATION, HEALTH AND GOVERNANCE SYSTEMS. TO CREATE A GENERATION OF CIVICALLY ORIENTED INDIVIDUALS THROUGH EDUCATION, EMPLOYMENT AND EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING KNOWLEDGE SUPPORT TO THE MINING RICH STATE IN CHHATTISGARH TO TRANSITION TOWARD GREEN ECONOMIC OPPORTUNITIES (JOINTLY FUNDED BY SED-3 AND MCARTHUR). THE MINING RICH STATE OF CHHATTISGARH HAS BEEN ACTIVELY LOOKING TO TRANSITION AWAY FROM IT'S RELIANCE ON COAL TOWARD A GREEN INDUSTRY WHILE ENSURING THAT EQUAL REVENUE AND ECONOMIC OPPORTUNITIES ARISE FOR IT'S RESIDENTS. SWANITI TEAM HAS PROVIDED RESEARCH SUPPORT AND A TECHNICAL ASSISTANCE TEAM TO HELP UNDERSTAND HOW THE STATE CAN LEVERAGE IT'S FOREST COVER TO SUSTAINABLY HARVEST GREEN PRODUCTS LIKE BAMBOO, ORGANIC HERBS, TRADITIONAL AGRICULTURAL METHODS ETC. AND BRING THEM TO MARKET. WE CONDUCTED ON GROUND RESEARCH TO MAP OUT PROSPECTIVE PRODUCTS AND THEIR MARKET VIABILITY. ADDITIONALLY, WE HAVE ALSO FACILITATED DISCUSSIONS WITH INDUSTRY LEADERS TO HELP THE STATE UNDERSTAND HOW BEST THEY CAN BRING IN GREEN AND RENEWABLE INDUSTRIES WITHIN THE STATE. OUR OBJECTIVE IS TO CREATE AN ECONOMIC CASE FOR TRANSITION TOWARD CLIMATE FRIENDLY OPPORTUNITIES WHILE ALLEVIATING POVERTY AND SWANITI HAS HELPED CREATE A FOUNDATION FOR THE SAME WITH THROUGH THE MCARTHUR AND SED FUNDED PROJECT.
JHARKHAND GREEN STATE PROGRAM (FUNDED BY SED FUND): THE COAL RICH STATE OF JHARKHAND HAS RELIED ON MINING FOR DECADES. THIS PROGRAM LOOKS TO DEPLOY TALENTED YOUNG PROFESSIONALS TO MOVE THE STATE AWAY FROM MINING AND TOWARD GREEN INDUSTRIES BY CREATING THE ECOSYSTEM TO ALLOW FOR PRIVATE ENTERPRISES IN THE GREEN SPACE TO THRIVE.
LEVERAGING GOVERNMENT FUNDING IN JHARKHAND TO TRANSITION TO GREEN TECHNOLOGIES (FUNDED BY SED FUND). EACH MINING FOCUSED DISTRICT HAS DISCRETIONARY FUNDS IN INDIA CALLED THE DISTRICT MINERALS FUND THAT IS EXPECTED TO BUILD A SUSTAINABLE FUTURE FOR IT'S RESIDENTS. THE GOVERNMENT HAS NOT BEEN AS EFFICIENT IN ALLOCATING THESE FUNDS TO EFFECTIVELY BUILD A SUSTAINABLE FUTURE. SWANITI TEAM PUT IN PLACE ASSOCIATES IN THESE ECONOMICALLY DISEMPOWERED DISTRICTS TO ENSURE THAT THE GOVERNMENT HAD THE REQUISITE SUPPORT TO FUND MEANINGFUL PROJECTS LIKE SEED FUNDING LOCAL SELF HELP GROUPS TO SUSTAINABLY FISH, OR UPSKILL THE YOUTH SO THAT THEY CAN HELP KICK START LOCAL ENTREPRENEURSHIP OR EMPOWER YOUNG WOMEN TO BUILD THEIR CAPACITY TO COLLECTING KEY HERBS THAT CAN BE TAKEN TO MARKET. WE HAVE MOBILIZED OVER 7 MILLION USD OF GOVERNMENT FUNDING TO CREATE SUSTAINABLE JOBS AND OPPORTUNITIES IN THE LAST 2 YEARS IN MINING DISTRICTS IN INDIA.
ENSURING ACCESS TO PUBLIC SERVICE PROGRAMS AMONGST TEA GARDEN WORKERS IN NORTH BENGAL (FUNDED BY OAK FOUNDATION). TEA GARDEN WORKERS ARE SOME OF THE MOST ECONOMICALLY DISEMPOWERED COHORT IN INDIA WITH ACCESS TO POOR HOUSING, WEAK PAY AND LITTLE OR NO SOCIAL BENEFITS. SWANITI IS WORKING IN SOME OF THE MOST DEPRIVED TEA GARDENS TO ENSURE THAT A.) GARDEN WORKERS UNDERSTAND THE GOVERNMENT BENEFITS, AND B.) WORK WITH THE ADMINISTRATION TO ENSURE ACCESS TO GOVERNMENT PROGRAMS. OUR TEAMS WITHIN THE TEA GARDENS ARE WORKING JOINTLY WITH THE LOCAL GOVERNMENT ADMINISTRATION AND TEA GARDEN UNIONS. WE HAVE BEEN ABLE TO ESTABLISH A STRONG PARTNERSHIP BETWEEN TEA GARDEN WORKERS AND THE LOCAL ADMINISTRATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rwitwika Bhattacharya President | OfficerTrustee | 40 | $0 |
Shantanu Agarwal Board Of Director | Trustee | 2 | $0 |
Elizabeth Gamino Board Of Director | Trustee | 1 | $0 |
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 | $2,442,575 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,442,575 |
Total Program Service Revenue | $0 |
Investment income | $1 |
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 | $2,442,576 |
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 | $207,852 |
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 | $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 | $7,255 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $19,618 |
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 | $0 |
Insurance | $12,874 |
All other expenses | $800,471 |
Total functional expenses | $1,048,070 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $679,182 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,000 |
Accounts receivable, net | $1,019,334 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,700,516 |
Accounts payable and accrued expenses | $59,340 |
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 | $59,340 |
Net assets without donor restrictions | $1,641,176 |
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 | $1,700,516 |