Civic Intelligence

Shadhika Project Inc

EIN 77-0344785 • 501(c)3 • Denver, CO

Profile

To inspire a culture shift in india by ensuring every young woman is empowered to realize her full potential.

1031 33rd Street 172Denver, CO 80205

www.shadhika.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

4th percentile

-410%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

8th percentile

-82%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$0

Down $365,476 (-100%) from 2024

Liabilities

Down

$0

Down $3,303 (-100%) from 2024

Net Assets

Down

$0

Down $362,173 (-100%) from 2024

Revenue

Down

$88,358

Down $414,803 (-82%) from 2024

Expenses

Up

$450,531

Up $102,714 (+30%) from 2024

Net Income

Down

-$362,173

Down $517,517 (-333%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $62,501Liabilities 2011: $02011Assets 2012: $59,776Liabilities 2012: $02012Assets 2013: $190,801Liabilities 2013: $0Net Assets 2013: $190,8012013Assets 2014: $221,019Liabilities 2014: $0Net Assets 2014: $221,0192014Assets 2015: $270,362Liabilities 2015: $963Net Assets 2015: $269,3992015Assets 2016: $384,587Liabilities 2016: $2,269Net Assets 2016: $382,3182016Assets 2017: $553,653Liabilities 2017: $12,248Net Assets 2017: $541,4052017Assets 2018: $623,957Liabilities 2018: $8,362Net Assets 2018: $615,5952018Assets 2019: $724,010Liabilities 2019: $4,789Net Assets 2019: $719,2212019Assets 2020: $644,644Liabilities 2020: $40,709Net Assets 2020: $603,9352020Assets 2021: $851,847Liabilities 2021: $17,873Net Assets 2021: $833,9742021Assets 2022: $742,109Liabilities 2022: $24,754Net Assets 2022: $717,3552022Assets 2023: $236,781Liabilities 2023: $29,952Net Assets 2023: $206,8292023Assets 2024: $365,476Liabilities 2024: $3,303Net Assets 2024: $362,1732024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2025

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $51,970Expenses 2011: $61,521Net Income 2011: -$9,5512011Revenue 2012: $108,360Expenses 2012: $111,085Net Income 2012: -$2,7252012Revenue 2013: $356,480Expenses 2013: $220,097Net Income 2013: $136,3832013Revenue 2014: $253,582Expenses 2014: $223,339Net Income 2014: $30,2432014Revenue 2015: $251,090Expenses 2015: $202,710Net Income 2015: $48,3802015Revenue 2016: $361,260Expenses 2016: $248,822Net Income 2016: $112,4382016Revenue 2017: $498,094Expenses 2017: $339,007Net Income 2017: $159,0872017Revenue 2018: $500,501Expenses 2018: $426,311Net Income 2018: $74,1902018Revenue 2019: $653,820Expenses 2019: $550,194Net Income 2019: $103,6262019Revenue 2020: $396,810Expenses 2020: $512,096Net Income 2020: -$115,2862020Revenue 2021: $851,487Expenses 2021: $622,646Net Income 2021: $228,8412021Revenue 2022: $638,783Expenses 2022: $749,388Net Income 2022: -$110,6052022Revenue 2023: $486,362Expenses 2023: $996,888Net Income 2023: -$510,5262023Revenue 2024: $503,161Expenses 2024: $347,817Net Income 2024: $155,3442024Revenue 2025: $88,358Expenses 2025: $450,531Net Income 2025: -$362,1732025

Highlighted filing

2025

Revenue$88,358
Expenses$450,531
Net Income-$362,173

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.88$4.51$3.62
2024Detailed filing. Detailed filing data is available for this year.$3.65$0.03$3.62$5.03$3.48$1.55
2023Detailed filing. Detailed filing data is available for this year.$2.37$0.30$2.07$4.86$9.97$5.11
2022Detailed filing. Detailed filing data is available for this year.$7.42$0.25$7.17$6.39$7.49$1.11
2021Detailed filing. Detailed filing data is available for this year.$8.52$0.18$8.34$8.51$6.23$2.29
2020Detailed filing. Detailed filing data is available for this year.$6.45$0.41$6.04$3.97$5.12$1.15
2019Detailed filing. Detailed filing data is available for this year.$7.24$0.05$7.19$6.54$5.50$1.04
2018Detailed filing. Detailed filing data is available for this year.$6.24$0.08$6.16$5.01$4.26$0.74
2017Detailed filing. Detailed filing data is available for this year.$5.54$0.12$5.41$4.98$3.39$1.59
2016Detailed filing. Detailed filing data is available for this year.$3.85$0.02$3.82$3.61$2.49$1.12
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.01$2.69$2.51$2.03$0.48
2014Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$2.54$2.23$0.30
2013Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$3.56$2.20$1.36
2012Summary only. Only limited summary data is available for this year.$0.60$0.00$1.08$1.11$0.03
2011Summary only. Only limited summary data is available for this year.$0.63$0.00$0.52$0.62$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Nov 30, 2025
Signed
Jan 21, 2026
Return Version
2024v5.2
Gross Receipts
$88,358
Mission and Program Overview

Mission

To provide funding and support to women-led non-profits in india that are working to empower girls so that they can realize a better future.

Shadhika believes in a future where each person in India can choose their own path to meaning, purpose, and happiness. Through global philanthropy and in-countryprogramming, Shadhika believes that education is the most effective vehicle for women and girls* to move out of chronic disenfranchisement and towards self-determination. Shadhika aims to abate gender-based discrimination and violence in the social systems surrounding each person by focusing on three core areas of intervention: 1. Investing in the transformative power inherent in each individual girl 2. Investing in the wisdom and innovation of grassroots leadership to create local solutions 3. Cultivating allyship to address power and resource imbalances locally

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$291,194$0▼ $291,194
Pledges and Grants Receivable$82,835$0▼ $82,835
Savings and Temporary Cash Investments$5,748$0▼ $5,748
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$-14,301$0▲ $14,301
Total Assets$365,476$0▼ $365,476
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,303--
Total Liabilities$3,303$0▼ $3,303
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$362,173--
Total Net Assets Fund Balance$362,173$0▼ $362,173
Total Liabilities and Net Assets / Fund Balance$365,476$0▼ $365,476
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shaheen LokhandwalaBoard Chair
Diane SigelBoard Emeriturs
Ankita JhaveriMember
Tara RisserMember
Chandre SinghalSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$88,355
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$88,355
Change in Net Assets
$-362,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$413,735
Other Expenses$36,796
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$413,735--$413,735
Fees for Services Other$2,294$30,516-$32,810
Insurance-$1,375-$1,375
Other Expenses-$276-$276
Information Technology$80--$80
Total Functional Expenses$416,109$34,422$0$450,531
International Activity

International Summary

Employees
1
Spending
$413,735

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 AsiaEducational GrantsEducational01$413,735
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
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

Governance Explanations

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

No review was or will be conducted

Form 990, Part VI, Section B, Line 12C

Members of the Board of Directors are annually required to review the conflict of interest policy and disclose any potential conflicts of interest.

Form 990, Part VI, Section B, Line 15A

CEO & Top Management Compensation for the President/CEO is set by the Board of Directors based upon research regarding compensation from similar organizations in the Denver Area.

Form 990, Part VI, Section C, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Shadhika Project
EIN
77-0344785
Address
1031 33rd Street 172, Denver, CO 80205

Signing Officer

Name
Shaheen Lokhandwala
Title
Board Chair
Signed
2026-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaheen Lokhandwala
Formed
1992
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Nfp Partners
Address
3570 E 12TH AVE, DENVER, CO 80206
Preparer
Kimberly Lovejoy
Phone
3037755620
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IRS990/PYTotalExpensesAmt0347817
IRS990/PYTotalRevenueAmt0503161
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0502576
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0454813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0618099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0852433
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02515208
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt087287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0502576
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0454813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0618099
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0852433
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02515208
IRS990ScheduleA/TotalSupportAmt02515208
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0413735
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Educational
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Educational Grants
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Educational
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Cash in US Dollars
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1Educational Grants
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3f - Method of Accounting
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 3f - Investments and Expenditures
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOtherOrgCnt01
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IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0The Organization expended all assets on program expenses
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02025-11-14
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the Board of Directors are annually required to review the conflict of interest policy and disclose any potential conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO & Top Management Compensation for the President/CEO is set by the Board of Directors based upon research regarding compensation from similar organizations in the Denver Area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt0365476
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0365476
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt088355
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034422
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0416109
IRS990/TotalFunctionalExpensesGrp/TotalAmt0450531
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03303
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceExpensesAmt0416109
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt088358
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0365476
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01031 33rd Street 172
IRS990/USAddress/CityNm0Denver
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080205
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Shaheen Lokhandwala
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Shadhika Project
ReturnHeader/Filer/BusinessNameControlTxt0SHAD
ReturnHeader/Filer/EIN0770344785
ReturnHeader/Filer/USAddress/AddressLine1Txt01031 33rd Street 172
ReturnHeader/Filer/USAddress/CityNm0Denver
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080205
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NFP PARTNERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03570 E 12TH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080206
ReturnHeader/PreparerPersonGrp/PhoneNum03037755620
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kimberly Lovejoy

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