Civic Intelligence

Akanksha Education Fund Inc.

990 • Fiscal year 2017 • EIN 13-3976569

Apr 01, 2016 to Mar 31, 2017 • Filed on Aug 15, 2017

P O Box 1714 Cathedral StationNew York, NY 10025

(917) 930-6515

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE Q • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE Q • $1M-$5M nonprofits • Source year 2017

Net Margin

95th percentile

74%

Higher net margin than 95% of similar nonprofits.

2017 filings • NTEE Q • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$124,583

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2017 filings • NTEE Q • $1M-$5M nonprofits • Source year 2017

Asset Growth

88th percentile

97%

Faster asset growth than 88% of similar nonprofits.

2017 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

44%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,295,197

Up $1,129,438 (+97%) from 2016

Net Assets

Up

$2,295,197

Up $1,129,438 (+97%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$1,535,926

Up $470,031 (+44%) from 2016

Expenses

Down

$406,487

Down $83,183 (-17%) from 2016

Net Income

Up

$1,129,439

Up $553,214 (+96%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $860,121Liabilities 2011: $0Net Assets 2011: $860,1212011Assets 2012: $673,180Liabilities 2012: $0Net Assets 2012: $673,1802012Assets 2013: $1,127,944Liabilities 2013: $0Net Assets 2013: $1,127,9442013Assets 2014: $1,109,477Liabilities 2014: $0Net Assets 2014: $1,109,4772014Assets 2015: $589,534Liabilities 2015: $0Net Assets 2015: $589,5342015Assets 2016: $1,165,759Liabilities 2016: $0Net Assets 2016: $1,165,7592016Assets 2017: $2,295,197Liabilities 2017: $0Net Assets 2017: $2,295,1972017Assets 2018: $1,877,315Liabilities 2018: $963Net Assets 2018: $1,876,3522018Assets 2019: $2,875,076Liabilities 2019: $20,637Net Assets 2019: $2,854,4392019Assets 2020: $2,560,626Liabilities 2020: $46,861Net Assets 2020: $2,513,7652020Assets 2021: $2,241,491Liabilities 2021: $81,815Net Assets 2021: $2,159,6762021Assets 2022: $2,904,487Liabilities 2022: $16,512Net Assets 2022: $2,887,9752022Assets 2023: $3,590,151Liabilities 2023: $20,039Net Assets 2023: $3,570,1122023Assets 2024: $3,316,934Liabilities 2024: $36,917Net Assets 2024: $3,280,0172024Assets 2025: $2,922,986Liabilities 2025: $23,163Net Assets 2025: $2,899,8232025

Highlighted filing

2017

Assets$2,295,197
Liabilities$0
Net Assets$2,295,197

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $736,629Expenses 2011: $417,525Net Income 2011: $319,1042011Revenue 2012: $594,576Expenses 2012: $781,517Net Income 2012: -$186,9412012Revenue 2013: $878,591Expenses 2013: $423,827Net Income 2013: $454,7642013Revenue 2014: $722,255Expenses 2014: $740,722Net Income 2014: -$18,4672014Revenue 2015: $929,826Expenses 2015: $1,449,769Net Income 2015: -$519,9432015Revenue 2016: $1,065,895Expenses 2016: $489,670Net Income 2016: $576,2252016Revenue 2017: $1,535,926Expenses 2017: $406,487Net Income 2017: $1,129,4392017Revenue 2018: $1,828,075Expenses 2018: $2,246,920Net Income 2018: -$418,8452018Revenue 2019: $2,453,933Expenses 2019: $1,474,756Net Income 2019: $979,1772019Revenue 2020: $1,687,215Expenses 2020: $1,906,599Net Income 2020: -$219,3842020Revenue 2021: $1,641,863Expenses 2021: $1,995,952Net Income 2021: -$354,0892021Revenue 2022: $2,850,540Expenses 2022: $2,122,481Net Income 2022: $728,0592022Revenue 2023: $2,580,109Expenses 2023: $1,897,972Net Income 2023: $682,1372023Revenue 2024: $2,186,595Expenses 2024: $2,473,631Net Income 2024: -$287,0362024Revenue 2025: $1,006,304Expenses 2025: $1,387,214Net Income 2025: -$380,9102025

Highlighted filing

2017

Revenue$1,535,926
Expenses$406,487
Net Income$1,129,439
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Aug 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,535,926
Mission and Program Overview

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.

Corporation 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 Akansha 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,165,759$2,295,197▲ $1,129,438
Total Assets$1,165,759$2,295,197▲ $1,129,438
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,135,297$2,086,191▲ $950,894
Temporarily Rstr Net Assets$30,462$209,006▲ $178,544
Total Net Assets Fund Balance$1,165,759$2,295,197▲ $1,129,438
Total Liabilities and Net Assets / Fund Balance$1,165,759$2,295,197▲ $1,129,438

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$30,462$328,100--$313,610
2015$360$339,982--$30,462
2014$481,069---$360
2013$352,965$128,104--$481,069
2012$233,607$119,358--$352,965
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gouri SadhwaniExecutive DirectorFT$124,583$124,583

Board Members and Trustees

NameTitle
Ramesh SrinivasanPresident/director
Sarah H RobertsVice-president/director
Colette HaiderDirector
Edward a MorganDirector
Geniel StrockDirector
Punya ShahDirector
Rona KileyDirector
Shankar IyerDirector
Shikha BhakooDirector
Vivek RaghavanDirector
Brande StellingsSecretary/director
Falguni MalkaniTreasurer/director
Vandana GoyalDirecotr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,535,104
Program Service Revenue
$0
Investment Income
$822
Other Revenue
$0
All Other Contributions
$1,074,978
Change in Net Assets
$1,129,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,535,104
Revenue Not Reported on Form 990
$822
Total Revenue per Audited Statements
$1,535,926
Total Revenue per Form 990
$1,535,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$234,756
Salaries, Compensation, and Employee Benefits$178,213
Other Expenses$143,961
Grants and Similar Amounts Paid$84,313
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$13,943$40,759$108,257$162,959
Conferences and Meetings$1,623$2,164$92,128$95,915
Foreign Grants$84,313--$84,313
Payroll Taxes$1,067$3,462$10,725$15,254
Fees for Services Accounting$0$14,088$0$14,088
Insurance$929$2,329$6,501$9,759
Office Expenses$0$1,384$5,818$7,202
Travel$1,654$624$3,621$5,899
Information Technology$0$1,535$3,166$4,701
Other Expenses$0$610$0$610
Fees for Services Legal$0$244$0$244
Total Functional Expenses$103,996$67,735$234,756$406,487

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$406,588
Total Expenses per Audited Statements$406,588
Total Expenses per Form 990$406,588
International Activity

International Summary

Offices
0
Employees
0
Spending
$84,313

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrants to Receipients in Region-00$84,313
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Akanksha Fund Inc
EIN
13-3976569
Phone
9179306515
Address
P O BOX 1714 CATHEDRAL STATION, NEW YORK, NY 10025

Signing Officer

Name
Falguni Malkani
Title
Treasurer/director
Phone
9179306515
Signed
2017-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
45

Preparer

Firm
Rajeev Kaul CPA Pc
Address
303 5th Avenue Ste 1007, New York, NY 10016
Preparer
Rajeev Kaul
Phone
2126848601
Supplemental Narrative

Additional Explanations

Pt III, Line 3

No significant changes.

Pt V, Line 3B

No unrelated business income

Pt VI, Line 2

No

Pt VI, Line 3

No delegation

Pt VI, Line 4

No

Pt VI, Line 5

No

Pt VI, Line 6

No

Pt VI, Line 7A

No

Pt VI, Line 7B

No

Pt VI, Line 8A

Yes, kept in minutes of meeting

Pt VI, Line 8B

Yes

Pt VI, Line 10B

Not Applicable

Pt VI, Line 11B

See Attachment

Pt VI, Line 12C

See Attachment

Pt VI, Line 19

Yes, on request

Pt XII, Line 1

No change in accounting method

Pt XII, Line 2C

Not Applicable

Pt XII, Line 3B

Not Applicable

Pt VI, Line 15A

See Attachment

Form 990, Part III, Line 4D

The akanksha foundation 48585. 28902. 0.

Financial Statement Notes

Pt II, Line 3

NA

Pt II, Line 5

NA

Pt II, Line 9

NA

Pt III, Line 1A

NA

Pt III, Line 4

NA

Pt IV, Line 1B

NA

Pt IV, Line 2B

NA

Pt V, Line 4

NA

Pt X, Line 2

NA

Pt XI, Line 2D

Bank interest earned on bank account

Pt XI, Line 4B

NA

Pt XII, Line 2D

NA

Pt XII, Line 4B

NA

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03462
IRS990/PayrollTaxesGrp/ProgramServicesAmt01067
IRS990/PayrollTaxesGrp/TotalAmt015254
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt020000
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE AKANKSHA FOUNDATION EDUCATIONAL DATA ANALYSIS EDUCATIONAL DATA ANALYSIS EDUCATIONAL DATA ANALYSIS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt048585
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt028902
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IRS990/PYInvestmentIncomeAmt0386
IRS990/PYOtherExpensesAmt050757
IRS990/PYOtherRevenueAmt0-1930
IRS990/PYRevenuesLessExpensesAmt0576225
IRS990/PYSalariesCompEmpBnftPaidAmt0128973
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IRS990/ReconcilationRevenueExpnssAmt01129439
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IRS990/ReportOtherAssetsInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt01165759
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02295197
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt044952
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0339982
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt6NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt7NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt8NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt9BANK INTEREST EARNED ON BANK ACCOUNT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt11NA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt12NA
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt II, Line 3
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt II, Line 5
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt II, Line 9
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt III, Line 1a
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt III, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt IV, Line 1b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt IV, Line 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt XI, Line 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt XII, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt XII, Line 4b
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IRS990ScheduleD/TotalRevenuePerForm990Amt01535104
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01535926
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0406588
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt084313

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.92$0.02$2.90$1.01$1.39$0.38
2024Detailed filing. Detailed filing data is available for this year.$3.32$0.04$3.28$2.19$2.47$0.29
2023Detailed filing. Detailed filing data is available for this year.$3.59$0.02$3.57$2.58$1.90$0.68
2022Detailed filing. Detailed filing data is available for this year.$2.90$0.02$2.89$2.85$2.12$0.73
2021Detailed filing. Detailed filing data is available for this year.$2.24$0.08$2.16$1.64$2.00$0.35
2020Detailed filing. Detailed filing data is available for this year.$2.56$0.05$2.51$1.69$1.91$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.88$0.02$2.85$2.45$1.47$0.98
2018Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$1.83$2.25$0.42
2017Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$1.54$0.41$1.13
2016Summary only. Only limited summary data is available for this year.$1.17$0.00$1.17$1.07$0.49$0.58
2015Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$0.93$1.45$0.52
2014Summary only. Only limited summary data is available for this year.$1.11$0.00$1.11$0.72$0.74$0.02
2013Summary only. Only limited summary data is available for this year.$1.13$0.00$1.13$0.88$0.42$0.45
2012Summary only. Only limited summary data is available for this year.$0.67$0.00$0.67$0.59$0.78$0.19
2011Summary only. Only limited summary data is available for this year.$0.86$0.00$0.86$0.74$0.42$0.32