AKANKSHA EDUCATION FUND INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- AKANKSHA EDUCATION FUND INC (EIN 13-3976569)
- Tax period
- 2017-04-01 to 2018-03-31
- Filed
- 2019-02-14
- IRS object ID
- 201900459349300140
- Schema version
- 2017v2.3
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-02-14T10:08:27-06:00 | ReturnTs |
| Tax Period End | 2018-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271728945 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1Txt |
| City | HARRISON | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 105281633 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133976569 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE AKANKSHA FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AKAN | BusinessNameControlTxt |
| Phone | 9179306515 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2038 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10113 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FALGUNI MALKANI | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 9179306515 | PhoneNum |
| Signature | 2019-02-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARRETT M HIGGINS | PreparerPersonNm |
| PTIN | P00543209 | PTIN |
| Phone | 9143818900 | PhoneNum |
| Preparation | 2019-02-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.51.112.58 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-02-14 | IPDt |
| IP Tm | 10:08:24 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8F3E04F861F0216E32497907D09A877E57DED22A | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9616F4B14A694591D1E716C270910E6FA5556DA3 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | RAMESH SRINIVASAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 2038 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,016,741 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.AKANKSHAFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE AKANKSHA FUND INC. IS A NEW YORK NOT-FOR-PROFIT ORGANIZATION PROVIDING EDUCATIONAL OPPORTUNITIES TO LESS PRIVILEGED INDIAN CHILDREN, ENABLING THEM TO MAXIMIZE THEIR POTENTIAL AND CHANGE THEIR LIVES. THE AKANKSHA FUND INC WORKS WITH THE AKANKSHA FOUNDATION (A REGISTERED INDIAN CHARITY) TO ADVISE AND HELP FUND THE FOUNDATION'S INNOVATIVE PROGRAMS, CURRENTLY SERVING LESS PRIVILEGED, SCHOOL-AGED CHILDREN IN INDIA AND RELATED CHARITABLE ACTIVITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Total Volunteers | 30 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,535,104 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,907,259 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $822 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,338 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | -$80,522 | CYOtherRevenueAmt |
| PY Total Revenue | $1,535,926 | PYTotalRevenueAmt |
| CY Total Revenue | $1,828,075 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $84,313 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,938,143 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $178,213 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $240,750 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $3,150 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $147,718 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $143,961 | PYOtherExpensesAmt |
| CY Other Expenses | $64,877 | CYOtherExpensesAmt |
| PY Total Expenses | $406,487 | PYTotalExpensesAmt |
| CY Total Expenses | $2,246,920 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,129,439 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$418,845 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,295,197 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,877,315 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $963 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,295,197 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,876,352 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE AKANKSHA FUND INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT WORKS TO RAISE SUPPORT AND AWARENESS IN THE U.S. AND FUNDS EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED CHILDREN IN INDIA. OUR PROGRAMS ENABLE SOME OF THE MOST MARGINALIZED CHILDREN IN THE WORLD TO MAXIMIZE THEIR POTENTIAL AND CHANGE THEIR LIVES. THE FUND WORKS WITH THE AKANKSHA FOUNDATION (A REGISTERED INDIAN CHARITY) TO ADVISE AND FUND THE FOUNDATION'S INNOVATIVE PROGRAMS, WHICH CURRENTLY SERVE SCHOOL-AGED CHILDREN IN INDIA AND RELATED CHARITABLE ACTIVITIES. REALIZING THAT KIDS NOT ONLY NEED GOOD SCHOOLS, BUT ALSO STRONG TEACHERS AND PRINCIPALS THE AKANKSHA FUND ALSO SUPPORTS THE INDIA SCHOOL LEADERSHIP INSTITUTE AND TEACH FOR INDIA. THESE THREE ORGANIZATIONS WORK HAND IN HAND WITH EACH OTHER TO REFORM EDUCATION IN INDIA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,958,927 | ExpenseAmt |
| Grant | $1,938,143 | GrantAmt |
| Desc | IN FY2018, WE SENT 20 GRANTS TO THE AKANKSHA FOUNDATION, TOTALING $1,044,227. THE AKANKSHA FOUNDATION IS A NON-PROFIT ORGANIZATION WITH A MISSION TO PROVIDE 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. LOOKING AHEAD, THEY SEEK TO EXPAND THEIR NETWORK OF SCHOOLS, SHARE THEIR EFFECTIVE PRACTICES AND ADVOCATE FOR QUALITY SCHOOL REFORM FOR CHILDREN ACROSS INDIA. IN THE 2017-2018 SCHOOL YEAR, WHICH RAN FROM MAY 2017 TO MARCH 2018, THE AKANKSHA FOUNDATION SERVED 7,400 STUDENTS AND 2,500 ALUMNI ACROSS 20 SCHOOLS IN MUMBAI AND PUNE. ACCOMPLISHMENTS INCLUDE FINDING A NEW LEADER FOR AKANKSHA AND CLOSING THE CEO SEARCH PROCESS; COMPLETING A FIRST DRAFT OF THE AKANKSHA 3.0 THEORY OF CHANGE; SUCCESSFUL COMPLETION OF THE FINAL SCHOOL DEVELOPMENT REVIEW WALKTHROUGHS; HOLDING THE AKANKSHA GENERAL MEETING 2017; 10TH GRADERS TAKING BOARD EXAMS; EXPANDING THE ALUMNI COMMUNITY; ADDING NEW AND CREATIVE ART MODULES; INTEGRATING TECHNOLOGY INTO SCHOOL CURRICULUMS; AND CONDUCTING TEACHER AND SCHOOL LEADERSHIP TRAININGS.AKANKSHA FUND MADE ONE GRANT TO TEACH FOR INDIA, A CHARITABLE ORGANIZATION ORGANIZED IN INDIA AND REGISTERED UNDER THE FOREIGN CONTRIBUTION REGULATION ACT, 2010, THAT WORKS IN COLLABORATION WITH AKANKSHA FOUNDATION AND OTHERS TO FURTHER ITS MISSION OF BRINGING INDIA'S BRIGHTEST AND MOST PROMISING YOUTH TO SERVE AS FULL-TIME TEACHERS TO CHILDREN FROM LOW-INCOME COMMUNITIES IN SOME OF INDIA'S MOST UNDERRESOURCED SCHOOLS.AKANKSHA FUND ALSO MADE ONE GRANT TO A U.S. GRANTEE, FRIENDS OF TEACH FOR INDIA, INC. ("FTFI"), AN ORGANIZATION QUALIFIED AS A PUBLIC CHARITY UNDER 501(C)(3) OF THE U.S. TAX CODE. THIS GRANT WAS COMPRISED SOLELY OF FUNDS DONATED TO AKANKSHA FOR THE PURPOSE OF SUPPORTING TEACH FOR INDIA, A CHARITABLE ORGANIZATION ORGANIZED IN INDIA AND REGISTERED UNDER THE FOREIGN CONTRIBUTION REGULATION ACT, 2010. AKANKSHA FUND DIRECTED THIS GRANT TO FTFI AT THE WRITTEN REQUEST OF TEACH FOR INDIA, AND UPON THE RECEIPT OF WRITTEN ASSURANCES FROM TEACH FOR INDIA THAT FTFI'S MAIN PURPOSES INCLUDE PROVIDING FINANCIAL AND OTHER SUPPORT TO TEACH FOR INDIA'S PROGRAMS AND PROJECTS. | Desc |
| Total Program Service Expenses | $1,958,927 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 5 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FALGUNI MALKANI | PersonNm |
| Phone | 2123621943 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 EAST 29TH ST 1C | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| RAMESH SRINIVASAN | ||||||
| PRESIDENT & DIRECTOR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SARAH H ROBERTS | ||||||
| VICE PRESIDENT & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BRANDE STELLINGS | ||||||
| SECRETARY & DIRECTOR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| FALGUNI MALKANI | ||||||
| TREASURER & DIRECTOR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GENIEL STROCK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| EDWARD A MORGAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RONA KILEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHIKHA BHAKOO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VIVEK RAGHAVAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VANDANA GOYAL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PUNYA SHAH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHANKAR IYER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| COLETTE HAIDER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PRAKASH MELWANI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BHARTI MALKANI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RON ROLFE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GOURI SADHWANI | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $138,333 | $0 | $12,458 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $138,333 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $12,458 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $563,486 | FundraisingAmt |
| All Other Contributions | $1,343,773 | AllOtherContributionsAmt |
| Noncash Contributions | $58,464 | NoncashContributionsAmt |
| Total Contributions | $1,907,259 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,338 | TotalRevenueColumnAmt |
| Exclusion | $1,338 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $58,464 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $58,464 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $49,680 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $563,486 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $130,202 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$80,522 | TotalRevenueColumnAmt |
| Exclusion | -$80,522 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,828,075 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$79,184 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $534,944 | TotalAmt |
| Program Services | $534,944 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,403,199 | TotalAmt |
| Program Services | $1,403,199 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,738 | TotalAmt |
| Program Services | $10,776 | ProgramServicesAmt |
| Management And General | $60,767 | ManagementAndGeneralAmt |
| Fundraising | $85,195 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,550 | TotalAmt |
| Program Services | $2,213 | ProgramServicesAmt |
| Management And General | $13,526 | ManagementAndGeneralAmt |
| Fundraising | $17,811 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,462 | TotalAmt |
| Program Services | $3,344 | ProgramServicesAmt |
| Management And General | $20,246 | ManagementAndGeneralAmt |
| Fundraising | $26,872 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,447 | TotalAmt |
| Management And General | $1,447 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,886 | TotalAmt |
| Management And General | $13,886 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,150 | TotalAmt |
| Fundraising | $3,150 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,679 | TotalAmt |
| Program Services | $12 | ProgramServicesAmt |
| Management And General | $9,374 | ManagementAndGeneralAmt |
| Fundraising | $293 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,266 | TotalAmt |
| Program Services | $126 | ProgramServicesAmt |
| Management And General | $10,170 | ManagementAndGeneralAmt |
| Fundraising | $5,970 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,644 | TotalAmt |
| Management And General | $5,644 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,805 | TotalAmt |
| Program Services | $1,882 | ProgramServicesAmt |
| Management And General | $3,041 | ManagementAndGeneralAmt |
| Fundraising | $1,882 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,691 | TotalAmt |
| Program Services | $2,388 | ProgramServicesAmt |
| Management And General | $2,059 | ManagementAndGeneralAmt |
| Fundraising | $6,244 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $459 | TotalAmt |
| Program Services | $43 | ProgramServicesAmt |
| Management And General | $115 | ManagementAndGeneralAmt |
| Fundraising | $301 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,246,920 | TotalAmt |
| Program Services | $1,958,927 | ProgramServicesAmt |
| Management And General | $140,275 | ManagementAndGeneralAmt |
| Fundraising | $147,718 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,295,197 | BOYAmt |
| EOY | $1,877,315 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,295,197 | BOYAmt |
| EOY | $1,877,315 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $963 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $963 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,086,191 | BOYAmt |
| EOY | $1,562,742 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $209,006 | BOYAmt |
| EOY | $313,610 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,295,197 | BOYAmt |
| EOY | $1,876,352 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,295,197 | BOYAmt |
| EOY | $1,877,315 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$418,845 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $721,813 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $929,462 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,075,307 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,535,104 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,907,259 | CurrentTaxYearAmt |
| Total | $6,168,945 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $721,813 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $929,462 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,075,307 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,535,104 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,907,259 | CurrentTaxYearAmt |
| Total | $6,168,945 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,980,564 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,188,381 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $442 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $364 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $386 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $822 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,338 | CurrentTaxYearAmt |
| Total | $3,352 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,172,297 | TotalSupportAmt |
| Public Support CY170 | 0.67860 | PublicSupportCY170Pct |
| Public Support PY170 | 0.49590 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $313,610 | BeginningYearBalanceAmt |
| Other Expenditures | $313,610 | OtherExpendituresAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,462 | BeginningYearBalanceAmt |
| Contributions | $328,100 | ContributionsAmt |
| Grants Or Scholarships | $44,952 | GrantsOrScholarshipsAmt |
| End Year Balance | $313,610 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $360 | BeginningYearBalanceAmt |
| Contributions | $339,982 | ContributionsAmt |
| Grants Or Scholarships | $309,880 | GrantsOrScholarshipsAmt |
| End Year Balance | $30,462 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $481,069 | BeginningYearBalanceAmt |
| Grants Or Scholarships | $480,709 | GrantsOrScholarshipsAmt |
| End Year Balance | $360 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $352,965 | BeginningYearBalanceAmt |
| Contributions | $128,104 | ContributionsAmt |
| End Year Balance | $481,069 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,828,075 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,828,075 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,828,075 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,246,920 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,246,920 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,246,920 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2015. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | SOUTH ASIA | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | GRANTMAKING | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $1,403,199 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $1,403,199 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $1,403,199 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|
| SOUTH ASIA | FOR GENERAL SUPPORT, NETWORK SUPPORT AND YOUTH DEVELOPMENT PROJECTS FOR THE AKANKSHA FOUNDATION, FOR OPERATING EXPENSES OF THE SCHOOLS, AND FOR OPERATING EXPENSES OF THE INDIA SCHOOL LEADERSHIP INSTITUTE | $1,044,227 | WIRE |
| SOUTH ASIA | FOR OPERATING EXPENSES OF THE INDIA SCHOOL LEADERSHIP INSTITUTE | $338,182 | WIRE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | FOR SERVICES PROVIDED TOWARDS SCHOOL LEADERSHIP TRAINING IN INDIA | TypeOfAssistanceTxt |
| Region | SOUTH ASIA | RegionTxt |
| Recipient | 1 | RecipientCnt |
| Cash Grant | $20,790 | CashGrantAmt |
| Manner Of Cash Disbursement | WIRE | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE FUND'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE UNITED STATES (IN THE CASE OF THE FUND, PRINCIPALLY IN INDIA) 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 IN INDIA. |
| 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 AUDITED FINANCIAL STATEMENTS. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $613,166 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $563,486 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $49,680 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $88,622 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $2,447 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $14,485 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $24,648 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $613,166 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $563,486 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $49,680 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $88,622 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $2,447 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $14,485 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $24,648 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $130,202 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$80,522 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIENDS OF TEACH FOR INDIA INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1133 AVENUE OF THE AMERICAS | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 473725301 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $534,944 | CashGrantAmt |
| Purpose Of Grant | GENERAL OPERATING SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE AKANKSHA FUND MADE ONE GRANT TO A U.S. GRANTEE, FRIENDS OF TEACH FOR INDIA, INC. ("FOTFI"), AN ORGANIZATION QUALIFIED AS A PUBLIC CHARITY UNDER 501(C)(3) OF THE U.S. TAX CODE. THIS GRANT WAS COMPRISED SOLELY OF FUNDS DONATED TO AKANKSHA FOR THE PURPOSE OF SUPPORTING TEACH FOR INDIA, A CHARITABLE ORGANIZATION ORGANIZED IN INDIA AND REGISTERED UNDER THE FOREIGN CONTRIBUTION REGULATION ACT, 2010. AKANKSHA FUND DIRECTED THIS GRANT TO FOTFI AT THE WRITTEN REQUEST OF TEACH FOR INDIA, AND UPON THE RECEIPT OF WRITTEN ASSURANCES FROM TEACH FOR INDIA THAT FOTFI'S MAIN PURPOSES INCLUDE PROVIDING FINANCIAL AND OTHER SUPPORT TO TEACH FOR INDIA'S PROGRAMS AND PROJECTS. AKANKSHA FUND MONITORS THE USE OF ITS GRANT FUNDS THROUGH REVIEW OF WRITTEN REPORTS AND ADDITIONAL FOLLOW-UP AS PRUDENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GOURI SADHWANI | PersonNm |
| Title | EXECUTIVE DIRECTOR | TitleTxt |
| Base Compensation Filing Org | $138,333 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $12,458 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $150,791 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $58,464 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | AVG. SELLING PRICE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | ON MARCH 5, 2018, THE AKANKSHA FUND AMENDED THEIR BYLAWS WITH THE FOLLOWING CHANGES: 1. SIZE OF BOARD WILL BE NO LESS THAN 3 AND NO MORE THAN 20 2. RENEWABLE THREE-YEAR TERMS FOR EXECUTIVE MEMBERS 3. AT LEAST 3 BOARD MEETINGS A YEAR, GENERALLY 4 4. UPDATED EXECUTIVE BOARD POSITIONS TO BE LINE WITH THE POSITIONS CURRENTLY AVAILABLE |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCIAL CONTROLS COMMITTEE OF AKANKSHA FUND'S BOARD OF DIRECTORS WORKED CLOSELY WITH AKANKSHA FUND'S EXTERNAL AUDITORS DURING THE PERIOD FROM JUNE 2018-JANUARY 2019 TO FINALIZE AKANKSHA FUND'S AUDITED FINANCIALS FOR THE 2017-18 FISCAL YEAR AND TO PRODUCE A DRAFT FORM 990, A COPY OF EACH OF WHICH WAS SHARED ELECTRONICALLY WITH THE EXECUTIVE DIRECTOR AND THE FULL BOARD OF DIRECTORS OF AKANKSHA FUND FOR THEIR REVIEW AND FEEDBACK IN JANUARY 2019, ALL PRIOR TO AKANKSHA FUND'S FILING WITH THE IRS ITS FINAL FORM 990, WHICH INCORPORATED ALL FEEDBACK RECEIVED FROM SUCH PERSONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS AND KEY EMPLOYEES, IN ADDITION TO ANNUAL DISCLOSURES, 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 15A | WHEN THE EXECUTIVE DIRECTOR, GOURI SADHWANI, WAS FIRST HIRED FOR THE AKANKSHA FUND IN OCTOBER OF 2013, SHE WAS THE FUND'S FIRST FULL-TIME EMPLOYEE AND THE BOARD ESTABLISHED A PERSONNEL COMMITTEE TO PREPARE FOR THE PROCESS. WHEN IT CAME TIME TO OFFER THE JOB, THE COMMITTEE ESTABLISHED THE SALARY AFTER REVIEWING COMPARABLE SALARIES FOR NY NON-PROFIT DIRECTORS, AND IN NEGOTIATION WITH THE EXECUTIVE DIRECTOR, WHO HAD BEEN WORKING IN THE FIELD FOR SOME TIME. THE PERSONNEL COMMITTEE METS WITH THE EXECUTIVE DIRECTOR DURING EACH YEAR TO DISCUSS HER PROGRESS AND HANDLE THE ANNUAL REVIEW, WITH ADVICE FROM THE BOARD. NOTES AND APPROVALS ARE DOCUMENTED IN THE MINUTES TO THIS EFFECT. USUALLY THE REVIEW PROCESS BEGINS IN OCTOBER AND IS COMPLETED BY DECEMBER/JANUARY. WHEN THE EXECUTIVE DIRECTOR NEEDS SOME EXTRA HELP, SHE IS DIRECTED TO HIRE PART TIME STAFF, AND SHE MANAGES THIS PROCESS WITH AUTHORIZATION FROM THE COMMITTEE. THE EXECUTIVE DIRECTOR HANDLED THE HIRING, REVIEW AND SET THE SALARIES, WHICH WERE APPROVED BY THE BOARD. BY 2016, AS PART OF THE REVIEW PROCESS, THE HEAD OF THE PERSONNEL COMMITTEE AND THE EXECUTIVE COMMITTEE, ACTING AS THE PERSONNEL COMMITTEE, REACHED A THREE-YEAR SALARY COMMITMENT WITH THE EXECUTIVE DIRECTOR, WHICH IS ENTERING ITS LAST YEAR AS OF OCTOBER 2019. ENSURING CONTINUITY, THE FUND HELD NEGOTIATIONS FOR FURTHER EMPLOYMENT OF THE EXECUTIVE DIRECTOR, AND THE FINAL AGREEMENT WAS APPROVED BY THE BOARD AT A REGULAR BOARD MEETING. THE FUND CONTINUES TO TAKE INTO CONSIDERATION COMPARABLE SALARIES IN THE FIELD, AS THIS PROCESS WAS CONSIDERED AS AN "INVESTMENT" IN THE AKANKSHA FUND'S FUTURE FINANCIAL GROWTH. THE EXECUTIVE DIRECTOR CONTINUES TO DO ANY ADDITIONAL HIRING OF PART TIME PERSONNEL, SHE HANDLES THEIR REVIEWS AND ANY RAISES IN THEIR SALARIES. ALL OF THIS IS IN CONSULTATION WITH THE EXECUTIVE COMMITTEE, WHICH STILL ACTS AS THE PERSONNEL COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE 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. |
| FORM 990, PART XII, LINE 1: | THE ORGANIZATION CHANGED ITS BASIS OF ACCOUNTING FROM CASH TO ACCRUAL. |
| FORM 990, PART XII, LINE 2C: | THE 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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