Shadhika Project Inc
- Assets
- $236.8k
- Revenue
- $486.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Denver, CO
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 77-0344785
Organization Overview
Shadhika Project Inc is located in Denver, CO. The organization was established in 2002. 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. As of 12/2023, Shadhika Project Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shadhika Project 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 12/2023, Shadhika Project Inc generated $486.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $996.9k during the year ending 12/2023. 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
TO INSPIRE A CULTURE SHIFT IN INDIA BY ENSURING EVERY YOUNG WOMAN IS EMPOWERED TO REALIZE HER FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHADHIKA'S MISSION IS TO INSPIRE A CULTURE SHIFT IN INDIA BY ENSURING EVERY YOUNG WOMAN IS EMPOWERED TO REALIZE HER FULL POTENTIAL. THROUGH GLOBAL PHILANTHROPY AND IN-COUNTRY PROGRAMMING, SHADHIKA BELIEVES THAT EDUCATION IS THE MOST EFFECTIVE VEHICLE FOR WOMEN AND GIRLS TO MOVE OUT OF CHRONIC DISENFRANCHISEMENT AND TOWARDS SELF-DETERMINATION. ------------------------ CONTINUED ON SCHEDULE O ---------------------
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
My Lo Cook CEO & Presid | Officer | 40 | $74,585 |
Ankita Jhaveri Interim Exec | Officer | 40 | $0 |
Thresia Sebastian Co-Chair | OfficerTrustee | 1 | $0 |
Lisa Acree Co-Chair | OfficerTrustee | 1 | $0 |
Shaheen Lokhandwala Secretary | OfficerTrustee | 1 | $0 |
Tara Risser Board Member | Trustee | 1 | $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 | $454,813 |
| Noncash contributions included in lines 1a–1f | $7,152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,813 |
| Total Program Service Revenue | $0 |
| Investment income | $2,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,616 |
| Net Income from Fundraising Events | $25,972 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,362 |
| 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 | $364,602 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,210 |
| Compensation of current officers, directors, key employees. | $19,136 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,365 |
| Pension plan accruals and contributions | $3,780 |
| Other employee benefits | $8,040 |
| Payroll taxes | $21,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,181 |
| Advertising and promotion | $2,488 |
| Office expenses | $13,119 |
| Information technology | $11,204 |
| Royalties | $0 |
| Occupancy | $10,228 |
| Travel | $41,981 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,194 |
| All other expenses | $321 |
| Total functional expenses | $996,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,800 |
| Savings and temporary cash investments | $70,026 |
| Pledges and grants receivable | $123,417 |
| Accounts receivable, net | $31,565 |
| 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 | $6,973 |
| 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 | $236,781 |
| Accounts payable and accrued expenses | $29,952 |
| 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 | $29,952 |
| Net assets without donor restrictions | $206,829 |
| 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 | $236,781 |