Civic Intelligence

Dakshana Foundation

EIN 20-2861633 • 501(c)3 • West Lake Hills, TX

Profile

The Foundation is a philanthropic foundation focused on alleviating poverty. It is focused on providing world-class educational opportunities to economically and socially disadvantaged gifted children from impoverished rural backgrounds in India.

4407 Bee Cave Road 513West Lake Hills, TX 78746

www.dakshana.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.07x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

86th percentile

42%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

16th percentile

$25,000

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

91st percentile

37%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$22,288,033

Up $6,044,661 (+37%) from 2023

Liabilities

Up

$130,569

Up $130,289 (+46532%) from 2023

Net Assets

Up

$22,157,464

Up $5,914,372 (+36%) from 2023

Revenue

Down

$1,922,657

Down $1,387,090 (-42%) from 2023

Expenses

Down

$1,109,658

Down $75,885 (-6.4%) from 2023

Net Income

Down

$812,999

Down $1,311,205 (-62%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2011: $1,651,506Liabilities 2011: -$189,010Net Assets 2011: $1,840,5162011Assets 2012: $2,495,527Liabilities 2012: $4,159Net Assets 2012: $2,491,3682012Assets 2013: $2,812,361Liabilities 2013: $5,603Net Assets 2013: $2,806,7582013Assets 2014: $3,113,921Liabilities 2014: $26,909Net Assets 2014: $3,087,0122014Assets 2015: $1,568,671Liabilities 2015: $125,312Net Assets 2015: $1,443,3592015Assets 2016: $835,266Liabilities 2016: $105,975Net Assets 2016: $729,2912016Assets 2017: $9,939,726Liabilities 2017: $145,834Net Assets 2017: $9,793,8922017Assets 2018: $9,892,447Liabilities 2018: $205,888Net Assets 2018: $9,686,5592018Assets 2019: $12,763,759Liabilities 2019: $251,764Net Assets 2019: $12,511,9952019Assets 2020: $16,801,122Liabilities 2020: $433,213Net Assets 2020: $16,367,9092020Assets 2021: $15,596,705Liabilities 2021: $2,188,748Net Assets 2021: $13,407,9572021Assets 2022: $11,793,241Liabilities 2022: $372,925Net Assets 2022: $11,420,3162022Assets 2023: $16,243,372Liabilities 2023: $280Net Assets 2023: $16,243,0922023Assets 2024: $22,288,033Liabilities 2024: $130,569Net Assets 2024: $22,157,4642024

Highlighted filing

2024

Assets$22,288,033
Liabilities$130,569
Net Assets$22,157,464

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $540,6912011Expenses 2012: $574,9702012Revenue 2013: $1,154,190Expenses 2013: $838,800Net Income 2013: $315,3902013Revenue 2014: $5,077,023Expenses 2014: $4,796,769Net Income 2014: $280,2542014Revenue 2015: $696,739Expenses 2015: $2,463,943Net Income 2015: -$1,767,2042015Revenue 2016: $1,178,279Expenses 2016: $1,892,347Net Income 2016: -$714,0682016Revenue 2017: $10,870,322Expenses 2017: $3,142,185Net Income 2017: $7,728,1372017Revenue 2018: $6,276,889Expenses 2018: $2,398,373Net Income 2018: $3,878,5162018Revenue 2019: $841,235Expenses 2019: $851,855Net Income 2019: -$10,6202019Revenue 2020: $69,729Expenses 2020: $564,449Net Income 2020: -$494,7202020Revenue 2021: $2,944,153Expenses 2021: $983,284Net Income 2021: $1,960,8692021Revenue 2022: -$1,429,442Expenses 2022: $1,413,032Net Income 2022: -$2,842,4742022Revenue 2023: $3,309,747Expenses 2023: $1,185,543Net Income 2023: $2,124,2042023Revenue 2024: $1,922,657Expenses 2024: $1,109,658Net Income 2024: $812,9992024

Highlighted filing

2024

Revenue$1,922,657
Expenses$1,109,658
Net Income$812,999

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.3$0.13$22.2$1.92$1.11$0.81
2023Detailed filing. Detailed filing data is available for this year.$16.2$0.00$16.2$3.31$1.19$2.12
2022Detailed filing. Detailed filing data is available for this year.$11.8$0.37$11.4$1.43$1.41$2.84
2021Detailed filing. Detailed filing data is available for this year.$15.6$2.19$13.4$2.94$0.98$1.96
2020Detailed filing. Detailed filing data is available for this year.$16.8$0.43$16.4$0.07$0.56$0.49
2019Detailed filing. Detailed filing data is available for this year.$12.8$0.25$12.5$0.84$0.85$0.01
2018Detailed filing. Detailed filing data is available for this year.$9.89$0.21$9.69$6.28$2.40$3.88
2017Detailed filing. Detailed filing data is available for this year.$9.94$0.15$9.79$10.9$3.14$7.73
2016Detailed filing. Detailed filing data is available for this year.$0.84$0.11$0.73$1.18$1.89$0.71
2015Detailed filing. Detailed filing data is available for this year.$1.57$0.13$1.44$0.70$2.46$1.77
2014Detailed filing. Detailed filing data is available for this year.$3.11$0.03$3.09$5.08$4.80$0.28
2013Detailed filing. Detailed filing data is available for this year.$2.81$0.01$2.81$1.15$0.84$0.32
2012Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.49$0.57
2011Detailed filing. Detailed filing data is available for this year.$1.65$0.19$1.84$0.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$11,663,645
Mission and Program Overview

Mission

The Foundation is a philanthropic foundation focused on alleviating poverty. It is focused on providing world-class educational opportunities to economically and socially disadvantaged gifted children from impoverished rural backgrounds in India.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,633,873$8,267,349▼ $366,524
Savings and Temporary Cash Investments$2,117,024$235,749▼ $1,881,275
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$16,243,372$22,288,033▲ $6,044,661
Other Assets Total$5,492,475$13,784,935▲ $8,292,460
Liabilities
Mortgage Notes Payable Secured by Investment Property-$130,429-
Other Liabilities$280$140▼ $140
Total Liabilities$280$130,569▲ $130,289
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,320,571$19,062,668▲ $4,742,097
Net Assets With Donor Restrictions$1,922,521$3,094,796▲ $1,172,275
Total Net Assets Fund Balance$16,243,092$22,157,464▲ $5,914,372
Total Liabilities and Net Assets / Fund Balance$16,243,372$22,288,033▲ $6,044,661

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$119,394--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monsoon PabraiDirectorPT$25,000$25,000

Board Members and Trustees

NameTitle
Mohnish PabraiChairman
Fahed MissmarCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$1,747,932
Program Service Revenue
$0
Investment Income
$16,330
Other Revenue
$158,395
All Other Contributions
$1,747,932
Change in Net Assets
$812,999

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$987,975Fair Market Value (FMV)
Cars and Other Vehicles1$2,655Fair Market Value (FMV)
Total Noncash Contributions2$990,630-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$896,932
Other Expenses$185,393
Total Fundraising Expense$92,751
Salaries, Compensation, and Employee Benefits$27,333
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$797,406--$797,406
Grants to Domestic Orgs$99,526--$99,526
Office Expenses$23,907$20,026$35,921$79,854
Advertising--$56,830$56,830
Current Officers, Directors, Trustees, and Key Employees-$25,000-$25,000
Fees for Services Accounting-$17,968-$17,968
Fees for Services Other-$14,903-$14,903
Information Technology-$2,977-$2,977
Payroll Taxes-$2,333-$2,333
Insurance-$1,671-$1,671
Other Expenses$7,642$233-$233
Total Functional Expenses$928,481$88,426$92,751$1,109,658
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Avanti Fellows USAFremont, CA-Education$99,526

International Summary

Spending
$842,015

International Compliance

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
Pune- IndiaEducationeducational opportunities00$842,015
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$162,700
Fundraising Direct Expenses$4,305
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ebay lunch$80,800$80,800$4,305$76,495
Zoom call$34,100$34,100-$34,100
Total Events$162,700$162,700$4,305$158,395
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$140
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

FATHER AND DAUGHTER

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Dakshana Foundation
EIN
20-2861633
Phone
5129997110
Address
4407 Bee Cave Road 513, West Lake Hills, TX 78746

Signing Officer

Name
Fahed Missmar
Title
CFO
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mohnish Pabrai
Formed
2005
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
1

Preparer

Firm
Chugh Cpas Llp
Address
15925 Carmenita Rd, Cerritos, CA 90703
Preparer
Ramesh Patel
Phone
5622291220
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IRS990/Desc0Dakshanas specific purpose is to identify destitute but intellectually gifted orphans and underprivileged children in India. The Foundation will build residential school(s) in India and sending these gifted orphans to these schools. Dakshana will pay for all tuition and living expenses through grade 12 for all such selected Dakshana scholars.The Foundation will also form a partnership with leading student loan lenders. Afterhigh school, Dakshana will, if required, co-sign student loans for all Dakshana scholars to attend any accredited university on a combination of scholarships and loans.The Foundation hopes to build a very deep relationship with the Dakshana scholarsthroughout their entire lives. Dakshana will impose no legal obligation on the scholars but clearly outline a moral obligation to give back 10% of lifetime earnings to the Foundation so that more scholars can be supported by the Foundation. The Foundations vision is that the scholars of today will eventually sponsor a scholar in the future. This will ultimately result in production of more Dakshana scholars every year.In India, every year, less than 2,000 gifted scholars graduated from the Indian Institute of Technology, one of the leading schools in India. But these small numbers have created a sizable impact on the countrys economy. Starting with one scholar in 2006, Dakshana envisions supporting hundreds of new scholars each year after two or three decades with the source of funding eventually coming from the beneficiaries of yesterday.The Foundation will encourage donors to support a specific scholar for a year or two or through the entire program. This will provide an opportunity for the donor to see the impact of their donations on an orphans life. Under Dakshanas supervision, such donors can foster a nurturing parent-like relationship with the scholar.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Dakshana Foundation has two donation programs to support Near-Term Scholar Expenses and Endowment. Donors can also elect to support an individual scholar for 1 or 2 years. Donations are solicited on the Dakshana website and through the mailing of the Dakshana Annual Report, which individually lists all the public donations received during the year . Additionally, annual Ebay auctions solicit funds and promote the Dakshana Foundation. The gifted funds are used to buy books, improve scholar nutrition, create/improve classroom and dorm infrastructure and pay for coaching services for the scholars.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I: Additional Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FATHER AND DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
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