Ink Global Foundation
- Assets
- $302.4k
- Revenue
- $286.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos Hills, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-5191117
Organization Overview
Ink Global Foundation is located in Los Altos Hills, CA. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ink Global Foundation 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, Ink Global Foundation generated $286.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $221.3k during the year ending 12/2023. While expenses have increased by 14.5% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INK GLOBAL FOUNDATION IS ON A MISSION TO PROVIDE INTERNATIONAL EXPOSURE AND NECESSARY RESOURCES TO THE GLOBAL INNOVATORS FROM INDIA TO ACCELERATE THEIR JOURNEY TO SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF INK GLOBAL FOUNDATION IS TO ACCELERATE THE JOURNEYS OF GAME CHANGERS FROM ACROSS THE GLOBE - INCLUDING SUPPORTING INK FELLOWS FROM INDIA AND OTHER FELLOWS WE MAY CHOOSE FROM THE REST OF THE WORLD. FURTHER, THE FOUNDATION WILL SUPPORT OTHER PROGRAMS DESIGNED SUPPORTING THE SUSTAINABLE DEVELOPMENT GOALS. THE PURPOSE OF THE FOUNDATION IS MET BY: -PROVIDING NECESSARY RESOURCES AND INTERNATIONAL EXPOSURE TO THE GLOBAL INNOVATORS FROM ACROSS INDIA AS WELL AS OUTSIDE INDIA -ESTABLISHING A NETWORK OF PHYSICAL AND ONLINE ACTIVITIES, THUS CREATING A STRONG PEER AND RESOURCE NETWORK THAT IS SUSTAINABLE AND REPLICABLE. -HOST EVENTS AND GATHERINGS TO RESEARCH AND CULTIVATE A GLOBAL DONOR BASE THAT WANTS TO SUPPORT THE FOUNDATION ACTIVITIES
CURRENTLY, OUR PROGRAM SELECTS AND SUPPORTS INNOVATORS FROM ACROSS THE GLOBE WHO ARE WORKING TOWARDS PERSISTENT INTERNATIONAL ISSUES AND CREATING SOLUTIONS THAT CAN BE USED AND ADAPTED WORLDWIDE. STARTED IN 2010, THE INK FELLOWS PROGRAM IS A GLOBAL CROSS-DISCIPLINARY COMMUNITY OF YOUNG PATH- BREAKERS WHO, WE BELIEVE, WILL BE THE SHAPERS OF TOMORROW. EVERY YEAR, FROM THOUSANDS OF APPLICATIONS, WE IDENTIFY 20 YOUNG MINDS THAT ARE REDEFINING THEIR FIELDS OF EXPERTISE AND THE WORLD AROUND THEM. TODAY THE PROGRAM HAS GROWN INTO A STEADFAST NETWORK OF OVER-220 YOUNG THINKERS FROM DIVERSE DISCIPLINES AND CONTINENTS.
IN ADDITION, WE ARE DESIGNING WOMEN'S INK, WHICH IS A FELLOWSHIP TO IDENTIFY AND NURTURE MID CAREER WOMEN (FOCUS ON DIVERSITY OF DISCIPLINE, AGE, ECONOMIC STRATA, DISABILITY) THE MISSION OF ALL THE PROGRAMS HOSTED BY THE FOUNDATION IS TO ACCELERATE THE JOURNEY OF CHANGEMAKERS, BY GIVING THEM A PLATFORM FOR INTERNATIONAL EXPOSURE, A STRONG PEER NETWORK, SPURRING COLLABORATIONS, FUNDING AND MENTORSHIP SUPPORT. WE AIM TO IDENTIFY THESE CHANGEMAKERS AND HELP THEM SUCCEED, BY GIVING VOICE TO THEIR UNTOLD STORIES AND VISIBILITY TO THEIR INNOVATIVE SOLUTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anuradha Sethuram Executive Di | OfficerTrustee | 30 | $0 |
Rajat Rakkhit Treasurer | OfficerTrustee | 8 | $0 |
Lakshmi Pratury President | OfficerTrustee | 40 | $0 |
Balakrishnan Iyer Board Member | Trustee | 0.5 | $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 | $286,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,914 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $286,914 |
| 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 | $94,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,850 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,994 |
| Advertising and promotion | $0 |
| Office expenses | $6,082 |
| Information technology | $87 |
| Royalties | $0 |
| Occupancy | $16,000 |
| Travel | $42,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,969 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,242 |
| Insurance | $0 |
| All other expenses | $14,093 |
| Total functional expenses | $221,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,111 |
| Savings and temporary cash investments | $230,000 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,404 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $302,404 |
| 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 | $302,404 |