BETA

AKANKSHA EDUCATION FUND INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
AKANKSHA EDUCATION FUND INC (EIN 13-3976569)
Tax period
2020-04-01 to 2021-03-31
Filed
2021-11-17
IRS object ID
202123219349301702
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-17T15:39:57-06:00ReturnTs
Tax Period End2021-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAMARONECK AVENUEAddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP105281633ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-04-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133976569EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AKANKSHA EDUCATION FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAKANBusinessNameControlTxt
Phone9179306515PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2038AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10113ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFALGUNI MALKANIPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9179306515PhoneNum
Signature2021-11-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstFALGUNIPersonFirstNm
Person LastMALKANIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone9143818900PhoneNum
Preparation2021-11-02PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRAMESH SRINIVASANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2038AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10113ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,661,549GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.AKANKSHAFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE AKANKSHA EDUCATION FUND INC. IS A NEW YORK NOT-FOR-PROFIT ORGANIZATION SUPPORTING EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED CHILDREN IN INDIA, AND RAISING SUPPORT FOR AND AWARENESS OF SUCH ACTIVITIES IN THE UNITED STATES. THROUGH ITS ACTIVITIES, AKANKSHA EDUCATION FUND INC. ENABLES SOME OF THE MOST MARGINALIZED CHILDREN IN THE WORLD TO MAXIMIZE THEIR POTENTIAL AND TRANSFORM THEIR LIVES. DURING FY 2021, THE AKANKSHA EDUCATION FUND INC. PROVIDED SUPPORT TO INNOVATIVE PROGRAMS OF THE AKANKSHA FOUNDATION, A REGISTERED INDIAN CHARITY WITH A MISSION TO PROVIDE CHILDREN FROM LOW-INCOME COMMUNITIES WITH A HIGH-QUALITY EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,738,623PYContributionsGrantsAmt
CY Contributions Grants$1,657,367CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$31,934PYInvestmentIncomeAmt
CY Investment Income$4,182CYInvestmentIncomeAmt
PY Other Revenue-$83,342PYOtherRevenueAmt
CY Other Revenue-$19,686CYOtherRevenueAmt
PY Total Revenue$1,687,215PYTotalRevenueAmt
CY Total Revenue$1,641,863CYTotalRevenueAmt
PY Grants And Similar Paid$1,469,208PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,581,059CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$303,326PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$311,803CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$168,869CYTotalFundraisingExpenseAmt
PY Other Expenses$134,065PYOtherExpensesAmt
CY Other Expenses$103,090CYOtherExpensesAmt
PY Total Expenses$1,906,599PYTotalExpensesAmt
CY Total Expenses$1,995,952CYTotalExpensesAmt
PY Revenues Less Expenses-$219,384PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$354,089CYRevenuesLessExpensesAmt
Total Assets BOY$2,560,626TotalAssetsBOYAmt
Total Assets EOY$2,241,491TotalAssetsEOYAmt
Total Liabilities BOY$46,861TotalLiabilitiesBOYAmt
Total Liabilities EOY$81,815TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,513,765NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,159,676NetAssetsOrFundBalancesEOYAmt
MissionTHE AKANKSHA EDUCATION FUND INC. IS A NEW YORK NOT-FOR-PROFIT ORGANIZATION SUPPORTING EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED CHILDREN IN INDIA, AND RAISING SUPPORT FOR AND AWARENESS OF SUCH ACTIVITIES IN THE UNITED STATES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,668,295ExpenseAmt
Grant$1,581,059GrantAmt
Revenue$0RevenueAmt
DescAKANKSHA FOUNDATION PROVIDES CHILDREN FROM LOW-INCOME COMMUNITIES WITH A HIGH-QUALITY EDUCATION, ENABLING THEM TO MAXIMIZE THEIR POTENTIAL AND TRANSFORM THEIR LIVES. FOR OVER 25 YEARS, AKANKSHA HAS EDUCATED CHILDREN FROM LOW-INCOME COMMUNITIES ACROSS MUMBAI AND PUNE FIRST, THROUGH THEIR AFTER-SCHOOL CENTERS, AND SINCE 2007, THROUGH THE AKANKSHA SCHOOLS. TODAY, THEY ARE ONE OF THE LARGEST URBAN NETWORKS OF PUBLIC-PRIVATE PARTNERSHIP SCHOOLS OF ITS KIND IN INDIA. CURRENTLY, THE FOUNDATION OPERATES 21 SCHOOLS, SERVING APPROXIMATELY 9,300 CHILDREN AND 3,100 ALUMNI. LOOKING AHEAD, THEY SEEK TO EXPAND THEIR NETWORK OF SCHOOLS, SHARE THEIR EFFECTIVE PRACTICES AND ADVOCATE FOR QUALITY SCHOOL REFORM FOR CHILDREN ACROSS INDIA.Desc
Total Program Service Expenses$1,668,295TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee5EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonFALGUNI MALKANIPersonNm
Phone2123621943PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 EAST 29TH ST 1CAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RAMESH SRINIVASAN
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
SARAH H ROBERTS
VICE PRESIDENT2.00Yes (X)Yes (X)$0$0$0
BHARTI MALKANI
SECRETARY2.00Yes (X)Yes (X)$0$0$0
FALGUNI MALKANI
TREASURER5.00Yes (X)Yes (X)$0$0$0
VANDANA GOYAL
DIRECTOR, THRU SEPT. 20201.00Yes (X)$0$0$0
PUNYA SHAH
DIRECTOR1.00Yes (X)$0$0$0
SHANKAR IYER
DIRECTOR1.00Yes (X)$0$0$0
COLETTE HAIDER
DIRECTOR1.00Yes (X)$0$0$0
PRAKASH MELWANI
DIRECTOR, THRU SEPT. 20201.00Yes (X)$0$0$0
BRANDE STELLINGS
DIRECTOR1.00Yes (X)$0$0$0
RON ROLFE
DIRECTOR, THRU SEPT. 20201.00Yes (X)$0$0$0
KATE SHOEMAKER
DIRECTOR1.00Yes (X)$0$0$0
MEDHA VPRAKASH
DIRECTOR1.00Yes (X)$0$0$0
GOURI SADHWANI
EXECUTIVE DIRECTOR40.00Yes (X)$155,000$0$24,003
FieldValueIRS element (for citing)
Total Reportable Comp From Org$155,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$24,003TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$435,124FundraisingAmt
Government Grants$41,887GovernmentGrantsAmt
All Other Contributions$1,180,356AllOtherContributionsAmt
Total Contributions$1,657,367TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,182TotalRevenueColumnAmt
Exclusion$4,182ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$435,124ContriRptFundraisingEventAmt
Fundraising Direct Expenses$19,686FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$19,686TotalRevenueColumnAmt
Exclusion-$19,686ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,641,863TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$15,504ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$41,000TotalAmt
Program Services$41,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$1,540,059TotalAmt
Program Services$1,540,059ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$179,184TotalAmt
Program Services$50,392ProgramServicesAmt
Management And General$46,451ManagementAndGeneralAmt
Fundraising$82,341FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$111,265TotalAmt
Program Services$33,921ProgramServicesAmt
Management And General$28,667ManagementAndGeneralAmt
Fundraising$48,677FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$269TotalAmt
Program Services$23ProgramServicesAmt
Management And General$84ManagementAndGeneralAmt
Fundraising$162FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$21,085TotalAmt
Program Services$2,300ProgramServicesAmt
Management And General$6,133ManagementAndGeneralAmt
Fundraising$12,652FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$358TotalAmt
Management And General$358ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,876TotalAmt
Management And General$38,876ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$12,594TotalAmt
Management And General$9,594ManagementAndGeneralAmt
Fundraising$3,000FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$39,919TotalAmt
Program Services$327ProgramServicesAmt
Management And General$19,342ManagementAndGeneralAmt
Fundraising$20,250FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,581TotalAmt
Management And General$7,749ManagementAndGeneralAmt
Fundraising$832FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$530TotalAmt
Program Services$159ProgramServicesAmt
Management And General$212ManagementAndGeneralAmt
Fundraising$159FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$908TotalAmt
Management And General$908ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,324TotalAmt
Program Services$114ProgramServicesAmt
Management And General$414ManagementAndGeneralAmt
Fundraising$796FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,995,952TotalAmt
Program Services$1,668,295ProgramServicesAmt
Management And General$158,788ManagementAndGeneralAmt
Fundraising$168,869FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$175,366BOYAmt
EOY$125,241EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,868,545BOYAmt
EOY$1,802,572EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$451,774BOYAmt
EOY$303,128EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$25,341BOYAmt
EOY$10,550EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$39,600BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,560,626BOYAmt
EOY$2,241,491EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$16,861BOYAmt
EOY$7,035EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$30,000BOYAmt
EOY$25,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$49,780EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$46,861BOYAmt
EOY$81,815EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,159,957BOYAmt
EOY$1,946,828EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$353,808BOYAmt
EOY$212,848EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,513,765BOYAmt
EOY$2,159,676EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,560,626BOYAmt
EOY$2,241,491EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$354,089ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,535,104CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,907,259CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,352,406CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,738,623CurrentTaxYearMinus1YearAmt
Current Tax Year$1,657,367CurrentTaxYearAmt
Total$9,190,759TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,535,104CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,907,259CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,352,406CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,738,623CurrentTaxYearMinus1YearAmt
Current Tax Year$1,657,367CurrentTaxYearAmt
Total$9,190,759TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,173,396SubstantialContributorsTotAmt
Public Support Total170$7,017,363PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$822CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,338CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19,577CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,934CurrentTaxYearMinus1YearAmt
Current Tax Year$4,182CurrentTaxYearAmt
Total$57,853TotalAmt
FieldValueIRS element (for citing)
Total Support$9,248,612TotalSupportAmt
Public Support CY1700.75870PublicSupportCY170Pct
Public Support PY1700.73170PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$313,610BeginningYearBalanceAmt
Other Expenditures$313,610OtherExpendituresAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$30,462BeginningYearBalanceAmt
Contributions$328,100ContributionsAmt
Grants Or Scholarships$44,952GrantsOrScholarshipsAmt
End Year Balance$313,610EndYearBalanceAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPAYCHECK PROTECTION PROGRAM LOANDesc
Amt$49,780Amt
FieldValueIRS element (for citing)
Total Liability$49,780TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,641,863TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,641,863RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,641,863TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,995,952TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,995,952ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,995,952TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:DURING THE FISCAL YEAR 2018 AUDIT OF THE FUND'S FINANCIALS, IT WAS DETERMINED THAT NONE OF THE NET ASSETS MET THE DEFINITION OF ENDOWMENT FUNDS BY U.S. GAAP. AS A RESULT, THEY HAVE BEEN REMOVED FROM PART V.
PART X, LINE 2:THE FUND RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FUND HAD NO UNCERTAIN POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIOD PRIOR TO 2018.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionSOUTH ASIARegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedGRANTMAKINGTypeOfActivitiesConductedTxt
Region Total Expenditures$1,540,059RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$1,540,059SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$1,540,059TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionSOUTH ASIARegionTxt
Purpose Of GrantSUPPORT FOR THE GRANTEE'S EDUCATIONAL PROGRAMSPurposeOfGrantTxt
Cash Grant$1,540,059CashGrantAmt
Manner Of Cash DisbursementWIREMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:THE FUND'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES BEGIN BEFORE A GRANT IS APPROVED. PROPOSED GRANTS ARE REVIEWED BY FUND OFFICERS AND THE FUND BOARD BOTH INFORMALLY IN DIALOGUE WITH OFFICIALS OF THE RECIPIENT AND BY MEANS OF A FORMAL GRANT APPLICATION/GRANT AGREEMENT PROCESS. UNDER THE GRANT APPLICATION, SPECIFIC USES FOR THE FUNDS SOUGHT ARE DISCLOSED, AND SUCH USES ARE FURTHER RESTRICTED UNDER THE GRANT AGREEMENT IN ORDER TO REQUIRE CHARITABLE USE UNDER U.S. STANDARDS. THE GRANT AGREEMENT, AMONG OTHER THINGS, ALSO REQUIRES DETAILED PERIODIC REPORTING FROM THE RECIPIENT TO THE FUND ON THE ACTUAL USE OF THE GRANT FUNDS AND OTHER RELATED MATTERS, AUTHORIZES ACCESS BY THE FUND TO THE RECIPIENT'S RELEVANT BOOKS AND RECORDS TO VERIFY COMPLIANCE WITH THE GRANT AGREEMENT, AUTHORIZES THE FUND TO DISCONTINUE FUNDING UPON ANY NON-CHARITABLE USE AND OBLIGATES THE RECIPIENT TO RETURN TO THE FUND THE AMOUNT OF ANY GRANT NOT PROPERLY APPLIED. THESE PROCEDURES ARE BACKED UP BY REGULAR DIALOGUE (BY CORRESPONDENCE, TELEPHONE AND IN PERSON) BETWEEN THE FUND AND OFFICIALS OF THE RECIPIENT, AS WELL AS BY FUND SUPERVISORY VISITS TO OFFICES AND OPERATIONAL SITES OF THE RECIPIENT.
PART I, LINE 3:THE GRANT EXPENSES REPORTED IN PART I, LINE 3 AND PART II ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING IN CONFORMITY WITH THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AUDITED FINANCIAL STATEMENTS.
PART III ACCOUNTING METHOD:

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1VIRTUAL GALAEvent1Nm
Gross Receipts Event1$435,124GrossReceiptsEvent1Amt
Charitable Contri Event1$435,124CharitableContriEvent1Amt
Entertainment Event1$5,137EntertainmentEvent1Amt
Other Direct Expenses Event1$14,549OtherDirectExpensesEvent1Amt
Gross Receipts Total$435,124GrossReceiptsTotalAmt
Charitable Contributions Tot$435,124CharitableContributionsTotAmt
Entertainment Total Events$5,137EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$14,549OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$19,686DirectExpenseSummaryEventsAmt
Net Income Summary-$19,686NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeCOVID DISASTER RELIEF FUNDSGrantTypeTxt
Recipient11RecipientCnt
Cash Grant$41,000CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE AKANKSHA EDUCATION FUND INC. (THE "FUND") ESTABLISHED A DISASTER RELIEF FUND PROGRAM (THE "U.S. DISASTER RELIEF FUND") IN MARCH 2020 TO ENABLE THE FUND TO PROVIDE URGENTLY-NEEDED EMERGENCY RELIEF AND ASSISTANCE, DURING PERIODS OF CURRENT AND FUTURE DISASTER, TO LOW-INCOME PERSONS WHO ARE (A) MINOR OR YOUNG ADULT ALUMNI OF AKANKSHA FOUNDATION SCHOOLS OR PROGRAMS IN INDIA CURRENTLY RESIDENT IN THE UNITED STATES ("AKANKSHA FOUNDATION U.S. ALUMNI"), (B) ENROLLED IN EDUCATIONAL INSTITUTIONS FOR THE PURPOSE OF ADVANCED STUDIES; AND (C) LACKING ADEQUATE ACCESS, DURING OR IMMEDIATELY AFTER SUCH DISASTER, TO BASIC NECESSITIES, INCLUDING WITHOUT LIMITATION, FOOD, LODGING, HEALTHCARE, SANITATION AND TRANSPORTATION. DISASTER ASSISTANCE IS DISTRIBUTED AS SOON AS REASONABLY PRACTICABLE FROM THE U.S. DISASTER RELIEF FUND IN SUCH SPECIFIC AMOUNTS AND IS DETERMINED BY THE FUND'S AD HOC U.S. ALUMNI COMMITTEE TO PERSONS WHO ARE ADVERSELY AFFECTED BY THE GLOBAL CORONAVIRUS PANDEMIC WHO MEET THE CHARITABLE CLASS AND OTHER ELIGIBILITY CRITERIA OF THE U.S. DISASTER RELIEF FUND.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonGOURI SADHWANIPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$155,000BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$9,300DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$14,703NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$179,003TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE AKANKSHA EDUCATION FUND HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO ALL MEMBERS OF THE BOARD FOR REVIEW. ONCE THE RETURN IS APPROVED BY THE BOARD OR ITS DULY AUTHORIZED BOARD COMMITTEE, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12COFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO MAKE DISCLOSURES AS NEEDS ARISE AND TO REFRAIN FROM PARTICIPATION IN DECISION-MAKING (APART FROM PROVIDING INFORMATION) WHILE THE MATTER IS REVIEWED AND ANY RELATED ACTION TAKEN. AFTER THE INITIAL DISCLOSURE, THE AFFECTED INTERESTED PERSON IS REQUIRED TO PROVIDE ADDITIONAL INFORMATION, INCLUDING FULL DISCLOSURE OF ANY TRANSACTION AND RELATED INFORMATION WHICH MAY BE REQUESTED. DISCLOSURES ARE NORMALLY REFERRED INITIALLY TO THE FINANCIAL CONTROLS COMMITTEE, WHICH CONDUCTS A FULL REVIEW AND MAKES RECOMMENDATIONS AS TO WHETHER ANY ACTIONS INVOLVED WOULD BE IN THE BEST INTERESTS OF THE FUND, WITH OR WITHOUT ADDITIONAL CONDITIONS. THE FUND'S BOARD OF DIRECTORS (WHICH MAY ALSO, IF IT WISHES, PERFORM ALL OR PART OF THE FULL REVIEW NORMALLY DONE BY THE FINANCIAL CONTROLS COMMITTEE) THEN CONSIDERS THE MATTER, TOGETHER WITH ANY FINANCIAL CONTROLS COMMITTEE RECOMMENDATION, AND MAKES ANY DECISIONS INDICATED BY THE CIRCUMSTANCES.
FORM 990, PART VI, SECTION B, LINE 15ATHE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE EXECUTIVE DIRECTORS COMPENSATION. THE EXECUTIVE COMMITTEE OF THE BOARD CONSISTS OF PRESIDENT, VP, TREASURER AND SECRETARY AND SERVES AS THE PERSONNEL COMMITTEE FOR THE EXECUTIVE DIRECTOR. THE PROCESS FOR DETERMINING COMPENSATION OF THE EXECUTIVE DIRECTOR CONSISTS OF REVIEWING COMPENSATION ON INDUSTRY STANDARDS, LEVEL OF EXPERIENCE AND COST AND BENEFIT TO THE ORGANIZATION. THE EXECUTIVE COMMITTEE OF THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE AND DETERMINES IF THERE NEEDS TO BE A SALARY ADJUSTMENT. THE EXECUTIVE COMMITTEE CONDUCTED THE LAST ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR IN OCTOBER 2018. THE EXECUTIVE DIRECTOR DETERMINES THE SALARY OF OTHER STAFF IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. THE DETERMINATION OF THE SALARY OF OTHER STAFF IS BASED ON INDUSTRY STANDARDS, LEVEL OF EXPERIENCE AND COST IMPACT ON THE ORGANIZATION. AN ANNUAL REVIEW OF ALL STAFF IS ALSO CONDUCTED BY THE EXECUTIVE DIRECTOR THE RESULTS OF WHICH ARE SHARED WITH THE EXECUTIVE COMMITTEE. AN ANNUAL REVIEW OF ALL STAFF COMPENSATION IS CONDUCTED BY THE EXECUTIVE DIRECTOR AND THE RESULTS ARE SHARED WITH THE EXECUTIVE COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
PART XII, LINE 2CTHE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

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