BETA

AKANKSHA EDUCATION FUND INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
AKANKSHA EDUCATION FUND INC (EIN 13-3976569)
Tax period
2024-04-01 to 2025-03-31
Filed
2025-12-19
IRS object ID
202533539349300923
Schema version
2024v5.2
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)
Return2025-12-19T12:09:26-06:00ReturnTs
Tax Period End2025-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN331374517PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAMARONECK AVENUE SUITE 301AddressLine1Txt
CityHARRISONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP105281633ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-04-01TaxPeriodBeginDt

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)
PersonAMIR MIRZAPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9179306515PhoneNum
Signature2025-12-19SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVA MRUKPreparerPersonNm
PTINP00543254PTIN
Phone9143818900PhoneNum
Preparation2025-12-19PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$1,006,304GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.AKANKSHAFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO SUPPORT EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED 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.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers23TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,224,113PYContributionsGrantsAmt
CY Contributions Grants$936,701CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$90,350PYInvestmentIncomeAmt
CY Investment Income$69,603CYInvestmentIncomeAmt
PY Other Revenue-$127,868PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,186,595PYTotalRevenueAmt
CY Total Revenue$1,006,304CYTotalRevenueAmt
PY Grants And Similar Paid$1,973,159PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$827,350CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$301,801PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$369,791CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$223,303CYTotalFundraisingExpenseAmt
PY Other Expenses$198,671PYOtherExpensesAmt
CY Other Expenses$190,073CYOtherExpensesAmt
PY Total Expenses$2,473,631PYTotalExpensesAmt
CY Total Expenses$1,387,214CYTotalExpensesAmt
PY Revenues Less Expenses-$287,036PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$380,910CYRevenuesLessExpensesAmt
Total Assets BOY$3,316,934TotalAssetsBOYAmt
Total Assets EOY$2,922,986TotalAssetsEOYAmt
Total Liabilities BOY$36,917TotalLiabilitiesBOYAmt
Total Liabilities EOY$23,163TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,280,017NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,899,823NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO SUPPORT EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED CHILDREN IN INDIA, AND RAISING SUPPORT FOR AND AWARENESS OF SUCH ACTIVITIES IN THE UNITED STATES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,024,913ExpenseAmt
Grant$827,350GrantAmt
Revenue$0RevenueAmt
DescAKANKSHA EDUCATION FUND 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 30 YEARS, AKANKSHA HAS EDUCATED CHILDREN FROM LOW-INCOME COMMUNITIES ACROSS MUMBAI AND PUNE FIRST, THROUGH THEIR AFTER-SCHOOL CENTERS, AND SINCE 2007, THROUGH THE SCHOOL PROJECT. CURRENTLY, 'THE SCHOOL PROJECT' OPERATES 27 SCHOOLS, SERVING APPROXIMATELY 14,700 CHILDREN AND 5,400 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. AKANKSHA EDUCATION FUND SUPPORTS ALUMNI FROM THE AKANKSHA FOUNDATION FUNDED SCHOOLS PURSUING HIGHER EDUCATION IN THE UNITED STATES. SERVICES INCLUDE MENTORING, CAREER GUIDANCE AND ACCESS TO REMOTE HOST FAMILIES.Desc
Total Program Service Expenses$1,024,913TotalProgramServiceExpensesAmt
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 Liabilities0ReportOtherLiabilitiesInd
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 Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
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 Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4EmployeeCnt
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 Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
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 FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
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 (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SHANKAR IYER
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
BHARTI MALKANI
VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
KATE SHOEMAKER
SECRETARY4.00Yes (X)Yes (X)$0$0$0
FALGUNI MALKANI
TREASURER5.00Yes (X)Yes (X)$0$0$0
NYMRATA ADVANI
DIRECTOR1.00Yes (X)$0$0$0
REENA BATRA
DIRECTOR1.00Yes (X)$0$0$0
PULKESHI JAPE
DIRECTOR1.00Yes (X)$0$0$0
SACHIN JINDAL
DIRECTOR1.00Yes (X)$0$0$0
RUYINTAN MEHTA
DIRECTOR1.00Yes (X)$0$0$0
ANJALI MELWANI
DIRECTOR1.00Yes (X)$0$0$0
AMIR MIRZA
DIRECTOR1.00Yes (X)$0$0$0
MEDHA PRAKASH
DIRECTOR1.00Yes (X)$0$0$0
SRIVIDYA PRAKASH
DIRECTOR1.00Yes (X)$0$0$0
SARAH H ROBERTS
DIRECTOR1.00Yes (X)$0$0$0
MONICA SHETH
DIRECTOR1.00Yes (X)$0$0$0
RAMESH SRINIVASAN
DIRECTOR1.00Yes (X)$0$0$0
SEJAL DESAI
EXECUTIVE DIRECTOR40.00Yes (X)$173,919$0$10,435
FieldValueIRS element (for citing)
Total Reportable Comp From Org$173,919TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$10,435TotalOtherCompensationAmt
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
All Other Contributions$936,701AllOtherContributionsAmt
Total Contributions$936,701TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$69,603TotalRevenueColumnAmt
Exclusion$69,603ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,006,304TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$69,603ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$170,000TotalAmt
Program Services$170,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$657,350TotalAmt
Program Services$657,350ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$186,449TotalAmt
Program Services$65,257ProgramServicesAmt
Management And General$46,612ManagementAndGeneralAmt
Fundraising$74,580FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$148,712TotalAmt
Program Services$71,080ProgramServicesAmt
Management And General$20,490ManagementAndGeneralAmt
Fundraising$57,142FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$8,645TotalAmt
Program Services$4,144ProgramServicesAmt
Management And General$1,181ManagementAndGeneralAmt
Fundraising$3,320FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$529TotalAmt
Program Services$36ProgramServicesAmt
Management And General$269ManagementAndGeneralAmt
Fundraising$224FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$25,456TotalAmt
Program Services$10,401ProgramServicesAmt
Management And General$5,056ManagementAndGeneralAmt
Fundraising$9,999FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$32,874TotalAmt
Program Services$9,468ProgramServicesAmt
Management And General$12,210ManagementAndGeneralAmt
Fundraising$11,196FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$87,798TotalAmt
Program Services$25,732ProgramServicesAmt
Management And General$31,974ManagementAndGeneralAmt
Fundraising$30,092FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$24,482TotalAmt
Program Services$2,368ProgramServicesAmt
Management And General$10,627ManagementAndGeneralAmt
Fundraising$11,487FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$10,021TotalAmt
Program Services$677ProgramServicesAmt
Management And General$3,488ManagementAndGeneralAmt
Fundraising$5,856FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$23,326TotalAmt
Program Services$8,304ProgramServicesAmt
Management And General$6,208ManagementAndGeneralAmt
Fundraising$8,814FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,407TotalAmt
Program Services$96ProgramServicesAmt
Management And General$716ManagementAndGeneralAmt
Fundraising$595FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
EVENT EXPENSES$9,998$9,998
PROFESSIONAL DEVELOPMEN$167$167

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,387,214TotalAmt
Program Services$1,024,913ProgramServicesAmt
Management And General$138,998ManagementAndGeneralAmt
Fundraising$223,303FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$109,195BOYAmt
EOY$125,081EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$235,424BOYAmt
EOY$234,650EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,222,665BOYAmt
EOY$1,016,180EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,101BOYAmt
EOY$1,063EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,748,549BOYAmt
EOY$1,546,012EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,316,934BOYAmt
EOY$2,922,986EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$36,917BOYAmt
EOY$23,163EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,917BOYAmt
EOY$23,163EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,057,902BOYAmt
EOY$1,960,001EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,222,115BOYAmt
EOY$939,822EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,280,017BOYAmt
EOY$2,899,823EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,316,934BOYAmt
EOY$2,922,986EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$380,910ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$716NetUnrlzdGainsLossesInvstAmt
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$1,657,367CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,857,995CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,562,089CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,224,113CurrentTaxYearMinus1YearAmt
Current Tax Year$936,701CurrentTaxYearAmt
Total$10,238,265TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,657,367CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,857,995CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,562,089CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,224,113CurrentTaxYearMinus1YearAmt
Current Tax Year$936,701CurrentTaxYearAmt
Total$10,238,265TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,852,933SubstantialContributorsTotAmt
Public Support Total170$8,385,332PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,182CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$843CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,010CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$83,113CurrentTaxYearMinus1YearAmt
Current Tax Year$69,603CurrentTaxYearAmt
Total$181,751TotalAmt
FieldValueIRS element (for citing)
Total Support$10,420,016TotalSupportAmt
Public Support CY1700.80470PublicSupportCY170Pct
Public Support PY1700.80400PublicSupportPY170Pct
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

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$997,022TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$716NetUnrealizedGainsInvstAmt
Revenue Not Reported$716RevenueNotReportedAmt
Revenue Subtotal$996,306RevenueSubtotalAmt
Other Revenues Not Included$9,998OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$9,998RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,006,304TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,377,216TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,377,216ExpensesSubtotalAmt
Other Expenses Not Included$9,998OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$9,998ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,387,214TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 2022.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RECLASS OF EXPENSES TO PART IX 9,998.
PART XII, LINE 4B - OTHER ADJUSTMENTS:RECLASS OF EXPENSES TO PART IX 9,998.

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$657,350RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$657,350SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$657,350TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtNon Cash AssistanceNonCashAssistanceAmt
SOUTH ASIASUPPORT FOR THE GRANTEE'S EDUCATIONAL PROGRAMS$600,145WIRE$0
SOUTH ASIASUPPORT FOR GRANTEE'S STUDENT SCHOLARSHIPS$57,205WIRE$0
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
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 (2 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 (IN THE CASE OF THE FUND, PRINCIPALLY IN INDIA) BEGIN BEFORE A GRANT IS APPROVED. FORMAL GRANT APPLICATIONS ARE RECEIVED IN WRITING AND REVIEWED BY THE FUND'S STAFF AND FINANCIAL CONTROLS COMMITTEE (FCC) OF THE BOARD. THEY WILL SCHEDULE CALLS WITH THE GRANT APPLICANT AND MAY ALSO SEND A LIST OF CLARIFYING QUESTIONS. UNDER THE GRANT APPLICATION, SPECIFIC USES FOR THE FUNDS SOUGHT MAY BE DISCLOSED, AND SUCH USES ARE FURTHER RESTRICTED UNDER THE GRANT AGREEMENT IN ORDER TO REQUIRE CHARITABLE USE UNDER U.S. STANDARDS. THE GRANT APPROVAL PROCESS REQUIRES APPROVAL AT THE FCC MEETING AND THEN APPROVAL AT BOARD MEETING OR VIA EMAIL. THE GRANT AGREEMENT, AMONG OTHER THINGS, ALSO REQUIRES DETAILED PERIODIC REPORTING FROM THE GRANT RECIPIENT TO THE FUND ON THE ACTUAL USE OF THE GRANT FUNDS AND OTHER RELATED MATTERS, AUTHORIZED ACCESS BY THE FUND TO THE RECIPIENT'S RELEVANT BOOKS AND RECORDS TO VERIFY COMPLIANCE WITH THE GRANT AGREEMENT, AUTHORIZED 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 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AUDITED FINANCIAL STATEMENTS.

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
ONE WORLD NETWORK OF SCHOOLS
1 EAST ERIE STREET SUITE 525CHICAGOIL606112980880966029501(C)(3)$40,000$0TO SUPPORT THE ORGANIZATIONAL NEEDS
FRIENDS OF TEACH FOR INDIA
25 BROADWAY 12TH FLOORNEW YORKNY10004473725301501(C)(3)$130,000$0SUPPORT FOR THE GRANTEE'S EDUCATIONAL PROGRAMS
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationA REPORT ON THE BENEFICIARY'S PROGRESS IN ACCOMPLISHING THE PURPOSES OF THE GRANT, ALONG WITH A COMPLETE VERBAL AND WRITTEN REPORT ON THE EXPENDITURE AND UTILIZATION OF THE AVAILABLE GRANT FUNDS, AS WELL AS THE NUMBER AND DESCRIPTION OF THE PERSONS BENEFITING FROM THE GRANT AT THE END OF THE GRANT PERIOD.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
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)
PersonSEJAL DESAIPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$173,919BaseCompensationFilingOrgAmt
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$10,435DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$184,354TotalCompensationFilingOrgAmt
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 (PRESIDENT, VP, TREASURER AND SECRETARY) ALSO SERVE AS THE PERSONNEL COMMITTEE FOR THE EXECUTIVE DIRECTOR. THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THIS COMMITTEE. THE COMMITTEE BASES COMPENSATION ON INDUSTRY STANDARDS, LEVEL OF EXPERIENCE AND COST AND BENEFIT TO THE ORGANIZATION. THE EXECUTIVE COMMITTEE ALSO CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE AND AS PART OF THAT PROCESS ANY SALARY ADJUSTMENTS ARE MADE AS PART OF THIS PROCESS. THE LAST ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR WAS DONE BY THE COMMITTEE IN MARCH 2025.
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 AVAILABLE 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 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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