Civic Intelligence

Divine Shakti Foundation

990 • Fiscal year 2023 • EIN 20-3152099

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 04, 2024

14403 Mckinley Ridge DriveLouisville, KY 40245

(502) 298-0738

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

95th percentile

73%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

87th percentile

42%

Faster asset growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-7.5%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,434,688

Up $422,917 (+42%) from 2022

Net Assets

Up

$1,434,688

Up $422,917 (+42%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$431,780

Down $35,101 (-7.5%) from 2022

Expenses

Down

$114,952

Down $70,984 (-38%) from 2022

Net Income

Up

$316,828

Up $35,883 (+13%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $111,196Liabilities 2010: $0Net Assets 2010: $111,1962010Assets 2011: $513,936Liabilities 2011: $0Net Assets 2011: $513,9362011Assets 2012: $344,033Liabilities 2012: $0Net Assets 2012: $344,0332012Assets 2013: $283,451Liabilities 2013: $0Net Assets 2013: $283,4512013Assets 2014: $195,958Liabilities 2014: $0Net Assets 2014: $195,9582014Assets 2015: $396,235Liabilities 2015: $0Net Assets 2015: $396,2352015Assets 2016: $434,859Liabilities 2016: $0Net Assets 2016: $434,8592016Assets 2017: $448,035Liabilities 2017: $0Net Assets 2017: $448,0352017Assets 2018: $492,585Liabilities 2018: $0Net Assets 2018: $492,5852018Assets 2019: $518,996Liabilities 2019: $0Net Assets 2019: $518,9962019Assets 2020: $742,028Liabilities 2020: $0Net Assets 2020: $742,0282020Assets 2021: $1,106,947Liabilities 2021: $0Net Assets 2021: $1,106,9472021Assets 2022: $1,011,771Liabilities 2022: $0Net Assets 2022: $1,011,7712022Assets 2023: $1,434,688Liabilities 2023: $0Net Assets 2023: $1,434,6882023Assets 2024: $1,772,769Liabilities 2024: $0Net Assets 2024: $1,772,7692024

Highlighted filing

2023

Assets$1,434,688
Liabilities$0
Net Assets$1,434,688

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $3,501Expenses 2010: $550Net Income 2010: $2,9512010Expenses 2011: $5752011Expenses 2012: $243,4192012Revenue 2013: $202,025Expenses 2013: $262,607Net Income 2013: -$60,5822013Revenue 2014: $65,010Expenses 2014: $152,503Net Income 2014: -$87,4932014Revenue 2015: $286,173Expenses 2015: $85,896Net Income 2015: $200,2772015Revenue 2016: $102,210Expenses 2016: $63,586Net Income 2016: $38,6242016Revenue 2017: $136,809Expenses 2017: $123,633Net Income 2017: $13,1762017Revenue 2018: $120,162Expenses 2018: $75,612Net Income 2018: $44,5502018Revenue 2019: $138,181Expenses 2019: $111,770Net Income 2019: $26,4112019Revenue 2020: $132,006Expenses 2020: $51,598Net Income 2020: $80,4082020Revenue 2021: $506,011Expenses 2021: $67,048Net Income 2021: $438,9632021Revenue 2022: $466,881Expenses 2022: $185,936Net Income 2022: $280,9452022Revenue 2023: $431,780Expenses 2023: $114,952Net Income 2023: $316,8282023Revenue 2024: $352,692Expenses 2024: $84,305Net Income 2024: $268,3872024

Highlighted filing

2023

Revenue$431,780
Expenses$114,952
Net Income$316,828
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 4, 2024
Return Version
2023v4.0
Gross Receipts
$454,766
Mission and Program Overview

Mission

The goal of the foundation is to holistically provide for the well being of women, their children, and orphaned/abandoned children around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$456,455$1,075,352▲ $618,897
Cash and Non-Interest-Bearing Accounts$555,316$259,336▼ $295,980
Savings and Temporary Cash Investments-$100,000-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,011,771$1,434,688▲ $422,917
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,011,771$1,434,688▲ $422,917
Total Net Assets Fund Balance$1,011,771$1,434,688▲ $422,917
Total Liabilities and Net Assets / Fund Balance$1,011,771$1,434,688▲ $422,917

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$2,854$2,854
Investment Program Related Org$1,075,352--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$392,562
Program Service Revenue
$0
Investment Income
$39,218
Other Revenue
$0
All Other Contributions
$392,562
Change in Net Assets
$316,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,952
Total Fundraising Expense$862
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology-$26,158-$26,158
Insurance-$12,517-$12,517
Travel-$11,510-$11,510
Advertising-$9,843-$9,843
Fees for Services Accounting-$1,725-$1,725
Office Expenses--$862$862
Other Expenses$50,000$15-$15
Total Functional Expenses$50,000$64,090$862$114,952
International Activity

International Summary

Offices
1
Employees
1
Spending
$50,000

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
IndiaProgram ServicesProgram Services Support Medical and Transportation Supplies for Women and Children Living in Poverty11$50,000
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
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
No
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

Two of the trustees, rekha mashruwala and atul mashruwala, are a married couple.

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

A copy of the 990 is sent to members of the governing body for their review and commment before filing.

Form 990, Part VI, Section C, line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Divine Shakti Foundation
EIN
20-3152099
Phone
5022980738
Address
14403 MCKINLEY RIDGE DRIVE, LOUISVILLE, KY 40245

Signing Officer

Name
Atul K Mashruwala
Title
Secretary
Phone
5022980738
Signed
2024-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Atul K Mashruwala
Formed
2005
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Brockman Arbuckle Stapp PLLC
Address
301 East Main Street Suite 202, Louisville, KY 40202
Preparer
Terry L Stapp
Phone
5029090822
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE TRUSTEES, REKHA MASHRUWALA AND ATUL MASHRUWALA, ARE A MARRIED COUPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS SENT TO MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW AND COMMMENT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE AVAILABLE UPON 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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IRS990/TotalAssetsGrp/BOYAmt01011771
IRS990/TotalAssetsGrp/EOYAmt01434688
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0392562
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0862
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064090
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt050000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114952
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01011771
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01434688
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt050000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt016197
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023021
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0431780
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01011771
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01434688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt011510
IRS990/TravelGrp/TotalAmt011510
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014403 MCKINLEY RIDGE DRIVE
IRS990/USAddress/CityNm0LOUISVILLE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040245
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0DIVINESHAKTIFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ATUL K MASHRUWALA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05022980738
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DIVINE SHAKTI FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DIVI
ReturnHeader/Filer/EIN0203152099
ReturnHeader/Filer/PhoneNum05022980738
ReturnHeader/Filer/USAddress/AddressLine1Txt014403 MCKINLEY RIDGE DRIVE
ReturnHeader/Filer/USAddress/CityNm0LOUISVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040245
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460630853
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Brockman Arbuckle Stapp PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 East Main Street Suite 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Louisville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040202
ReturnHeader/PreparerPersonGrp/PhoneNum05029090822
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Terry L Stapp
ReturnHeader/ReturnTs02024-03-09T10:35:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ATUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MASHRUWALA
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.00$1.77$0.35$0.08$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.43$0.11$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.47$0.19$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.51$0.07$0.44
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.13$0.05$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.14$0.11$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.12$0.08$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.14$0.12$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.10$0.06$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.29$0.09$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.07$0.15$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.20$0.26$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.00$0.00$0.00