Ashoka
- Assets
- $82.5m
- Revenue
- $42.5m
- Investments
- $0.0
- Employees
- 111
- Location
- Arlington, VA
- Founding
- 01/1981
- Data as of
- 08/2020
- EIN
- 51-0255908
Organization Overview
Ashoka is located in Arlington, VA. The organization was established in 1981. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2021, Ashoka employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashoka 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 08/2020, Ashoka generated $42.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $36.9m during the year ending 08/2020. While expenses have increased by 11.0% per year over the past 6 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.
Since 2014, Ashoka has awarded 41 individual grants totaling $1,631,159. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATION OF AN ASSOCIATION OF THE WORLD'S LEADING SOCIAL ENTREPRENEURS - MEN AND WOMEN WITH SYSTEM-CHANGING SOLUTIONS FOR THE WORLD'S MOST URGENT SOCIAL PROBLEMS - AND FOSTERING A GLOBAL CULTURE OF EVERYONE BEING A CHANGEMAKER FOR THE GOOD OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADING SOCIAL ENTREPRENEURSHIPASHOKA HAS PIONEERED THE FIELD OF SOCIAL ENTREPRENEURSHIP, IDENTIFYING AND SUPPORTING THE WORLD'S LEADING SOCIAL ENTREPRENEURS SINCE 1980. SOCIAL ENTREPRENEURS ARE INDIVIDUALS WITH INNOVATIVE SOLUTIONS TO SOCIETY'S MOST PRESSING SOCIAL, CULTURAL, AND ENVIRONMENTAL CHALLENGES. SOCIAL ENTREPRENEURS ARE AMBITIOUS AND PERSISTENT - TACKLING MAJOR ISSUES AND OFFERING NEW IDEAS FOR SYSTEMS-LEVEL CHANGE. THEY MODEL CHANGEMAKING BEHAVIOR, AND CATALYZE ORGANIZATIONS AND MOVEMENTS WHERE EVERYONE CAN BE CHANGEMAKER.
EMPATHY AND YOUNG CHANGEMAKINGTOGETHER WITH OUR PARTNERS, WE ARE AT THE FOREFRONT OF A MOVEMENT TO REDEFINE SUCCESS IN GROWING UP BY INSPIRING EVERY CHILD TO MASTER EMPATHY AND EVERY YOUNG PERSON TO BECOME A CHANGEMAKER.
ORGANIZING FOR CHANGEMAKINGWE SEE AN EMERGING PATTERN IN ASHOKA'S NETWORK WHERE ENTREPRENEURS ARE BUILDING A DYNAMIC KIND OF TEAM FOR THIS NEW ECONOMY. WHEN INDIVIDUALS AND ORGANIZATIONS CROSS OLD BOUNDARIES AND ALIGN TOWARD A SHARED GOAL, THEY FORM A "TEAM OF TEAMS," UNLOCKING MASSIVE AMOUNTS OF SOCIAL - AND OFTEN BUSINESS - VALUE.
IDEA SPREAD / FRAMEWORK CHANGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Drayton Chairman | OfficerTrustee | 40 | $213,778 |
Diana Wells Leadership Group Member | Officer | 40 | $161,220 |
Konstanze Frischen Leadership Group Member | 40 | $153,912 | |
Robert Spoer Leadership Group Member | 40 | $145,750 | |
Stuart Yasgur Leadership Group Member | 40 | $130,914 | |
Vishnu Swaminathan Leadership Group Member Thru 8/2021 | 40 | $127,521 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qed42 Engineering Pvt Ltd Drupal Development Support | 8/30/21 | $177,560 |
Oremus Corporation Na Accounting Support Services | 8/30/21 | $319,400 |
Global Printing Inc Printing Services | 8/30/21 | $174,234 |
Nourishing Schools Foundation Nutrition | 8/30/21 | $150,000 |
Rsm Us Llp Audit Services | 8/30/21 | $113,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,416,058 |
| Investment income | $1,002,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$161,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,522,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $732,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,707,528 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $789,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,286,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,710,855 |
| Payroll taxes | $2,934,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,644 |
| Fees for services: Accounting | $716,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,367 |
| Fees for services: Other | $6,546,285 |
| Advertising and promotion | $91,858 |
| Office expenses | $467,469 |
| Information technology | $303,877 |
| Royalties | $0 |
| Occupancy | $1,656,380 |
| Travel | $1,512,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $394,888 |
| Interest | $54,676 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,928 |
| Insurance | $139,952 |
| All other expenses | $0 |
| Total functional expenses | $36,935,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,571,701 |
| Savings and temporary cash investments | $14,113,294 |
| Pledges and grants receivable | $27,676,231 |
| 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 | $1,863,548 |
| Investments—publicly traded securities | $21,189,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $595,643 |
| Total assets | $82,475,010 |
| Accounts payable and accrued expenses | $1,319,147 |
| Grants payable | $5,374,521 |
| 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 | $6,693,668 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $75,781,342 |
Grants Awarded
Over the last fiscal year, Ashoka has awarded $28,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Naperville, IL PURPOSE: AWARD | $10,000 |
PORTLAND STATE UNIVERSITY PURPOSE: AWARD | $10,000 |
San Francisco, CA PURPOSE: AWARD | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ashoka has recieved totaling $390,000.
| Awarding Organization | Amount |
|---|---|
Mashhoon Family Foundation Vernon, CA PURPOSE: COLLABORATE TO TRANSFORM INSTITUTIONS AND CULTURES WORLDWIDE FOR THE GOOD OF SOCIETY | $350,000 |
Benson Family Foundation Evergreen, CO PURPOSE: GENERAL SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $27,286,259 |
| Earnings | $8,881,669 |
| Admin Expense | $2,466 |
| Net Contributions | $272,052 |
| Ending Balance | $36,437,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adventist Development And Relief Agency International Silver Spring, MD | $93,556,695 | $133,531,867 |
Project Hope The People To People Health Foundation Inc Washington, DC | $49,626,555 | $132,366,024 |
American Near East Refugee Aid Inc Washington, DC | $22,548,003 | $100,752,656 |
Pan American Development Foundation Inc Washington, DC | $40,424,098 | $101,859,557 |
International Foundation For Electoral Systems Arlington, VA | $29,872,159 | $76,376,806 |
Kingsway Charities Inc Bristol, VA | $22,739,501 | $63,381,174 |
Operation Smile Inc Virginia Beach, VA | $94,902,554 | $85,245,515 |
Ipas Chapel Hill, NC | $140,923,971 | $66,162,811 |
Aga Khan Foundation Usa Washington, DC | $514,583,753 | $79,966,800 |
Internet Society Reston, VA | $66,935,347 | $44,092,152 |
Ashoka Arlington, VA | $82,475,010 | $42,522,077 |
New Israel Fund Washington, DC | $34,542,949 | $49,845,790 |