Civic Intelligence

Shanti Project Inc.

990 • Fiscal year 2021 • EIN 94-2297147

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 26, 2022

3170 23rd StreetSan Francisco, CA 94110

(415) 674-4700

Siviq Scores

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

Liabilities / Assets

75th percentile

0.40x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.29x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

46th percentile

11%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$261,767

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

70th percentile

20%

Faster asset growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

27%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$6,512,832

Up $1,087,578 (+20%) from 2020

Net Assets

Up

$3,923,073

Up $936,019 (+31%) from 2020

Liabilities

Up

$2,589,759

Up $151,559 (+6.2%) from 2020

Revenue

Up

$8,863,804

Up $1,861,013 (+27%) from 2020

Expenses

Up

$7,927,785

Up $1,344,800 (+20%) from 2020

Net Income

Up

$936,019

Up $516,213 (+123%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $417,215Liabilities 2010: $299,555Net Assets 2010: $117,6602010Assets 2011: $450,689Liabilities 2011: $293,949Net Assets 2011: $156,7402011Assets 2012: $450,726Liabilities 2012: $253,367Net Assets 2012: $197,3592012Assets 2013: $578,677Liabilities 2013: $328,344Net Assets 2013: $250,3332013Assets 2014: $1,062,034Liabilities 2014: $353,351Net Assets 2014: $708,6832014Assets 2015: $1,126,752Liabilities 2015: $362,656Net Assets 2015: $764,0962015Assets 2016: $3,226,107Liabilities 2016: $1,666,041Net Assets 2016: $1,560,0662016Assets 2017: $3,401,934Liabilities 2017: $1,738,021Net Assets 2017: $1,663,9132017Assets 2018: $3,211,555Liabilities 2018: $1,799,195Net Assets 2018: $1,412,3602018Assets 2019: $4,612,248Liabilities 2019: $2,045,000Net Assets 2019: $2,567,2482019Assets 2020: $5,425,254Liabilities 2020: $2,438,200Net Assets 2020: $2,987,0542020Assets 2021: $6,512,832Liabilities 2021: $2,589,759Net Assets 2021: $3,923,0732021Assets 2022: $6,364,268Liabilities 2022: $1,842,183Net Assets 2022: $4,522,0852022Assets 2023: $5,657,764Liabilities 2023: $2,177,872Net Assets 2023: $3,479,8922023Assets 2024: $4,756,238Liabilities 2024: $1,653,968Net Assets 2024: $3,102,2702024

Highlighted filing

2021

Assets$6,512,832
Liabilities$2,589,759
Net Assets$3,923,073

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,475,3822010Expenses 2011: $2,525,2432011Expenses 2012: $2,264,1582012Expenses 2013: $2,408,9562013Revenue 2014: $3,126,478Expenses 2014: $2,668,128Net Income 2014: $458,3502014Revenue 2015: $3,034,620Expenses 2015: $2,979,207Net Income 2015: $55,4132015Revenue 2016: $3,961,876Expenses 2016: $4,320,856Net Income 2016: -$358,9802016Revenue 2017: $5,070,359Expenses 2017: $5,341,972Net Income 2017: -$271,6132017Revenue 2018: $5,498,320Expenses 2018: $5,749,873Net Income 2018: -$251,5532018Revenue 2019: $7,066,917Expenses 2019: $5,912,029Net Income 2019: $1,154,8882019Revenue 2020: $7,002,791Expenses 2020: $6,582,985Net Income 2020: $419,8062020Revenue 2021: $8,863,804Expenses 2021: $7,927,785Net Income 2021: $936,0192021Revenue 2022: $9,428,062Expenses 2022: $8,829,050Net Income 2022: $599,0122022Revenue 2023: $7,962,438Expenses 2023: $9,004,631Net Income 2023: -$1,042,1932023Revenue 2024: $7,483,781Expenses 2024: $7,861,403Net Income 2024: -$377,6222024

Highlighted filing

2021

Revenue$8,863,804
Expenses$7,927,785
Net Income$936,019
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 26, 2022
Return Version
2020v4.2
Gross Receipts
$8,886,260
Mission and Program Overview

Mission

To enhance the health, quality of life and well-being of people with terminal, life-threatening or disabling illnesses through a continuum of services, including in-home and onsite patient and care navigation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$773,310$3,186,394▲ $2,413,084
Land, Buildings, and Equipment, Net$1,682,026$1,631,851▼ $50,175
Accounts Receivable$1,932,183$1,139,542▼ $792,641
Prepaid Expenses and Deferred Charges$254,977$219,370▼ $35,607
Cash and Non-Interest-Bearing Accounts$454,340$201,085▼ $253,255
Pledges and Grants Receivable$233,333$60,000▼ $173,333
Inventories for Sale or Use$79,603$55,802▼ $23,801
Total Assets$5,425,254$6,512,832▲ $1,087,578
Other Assets Total$15,482$18,788▲ $3,306
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,011,725$983,705▼ $28,020
Accounts Payable and Accrued Expenses$655,098$766,802▲ $111,704
Unsecured Notes Loans Payable$711,377$711,377→ $0
Deferred Revenue$60,000$127,875▲ $67,875
Total Liabilities$2,438,200$2,589,759▲ $151,559
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,224,748$2,739,897▲ $515,149
Net Assets With Donor Restrictions$762,306$1,183,176▲ $420,870
Total Net Assets Fund Balance$2,987,054$3,923,073▲ $936,019
Total Liabilities and Net Assets / Fund Balance$5,425,254$6,512,832▲ $1,087,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$890,055$653,192$1,543,247
Land$702,735-$702,735
Equipment$7,029$181,716$188,745
Other Land Buildings$32,032$18,921$50,953

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$25,097-▲ $8-$25,105
2019$25,089-▲ $8-$25,097
2018$25,074-▲ $15-$25,089
2017$25,059-▲ $15-$25,074
2016$25,056-▲ $3-$25,059
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roy KaushikExecutive DirectorFT$205,286$56,481$261,767
Schnedar PatriciaCFOFT$146,288$21,255$167,543
Meade CharlieChief Development OfficerFT$142,164$22,595$164,759
Bryan MelissaDeputy Executive DirectorFT$144,451$11,444$155,895
Nickell AlyssaProgram DirectorFT$102,070$9,194$111,264
Molnar MarkProgram DirectorFT$100,682$9,098$109,780

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$7,561,866
Program Service Revenue
$1,172,959
Investment Income
$791
Other Revenue
$128,188
All Other Contributions
$2,437,791
Change in Net Assets
$936,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,863,804
Revenue Not Reported on Form 990
$12,099
Total Revenue per Audited Statements
$8,875,903
Total Revenue per Form 990
$8,863,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,295,857
Other Expenses$2,631,928
Total Fundraising Expense$645,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,391,983$291,708$416,887$4,100,578
Other Employee Benefits$379,187$29,300$38,248$446,735
Current Officers, Directors, Trustees, and Key Employees$87,393$310,806$32,714$430,913
Payroll Taxes$260,342$24,193$33,096$317,631
Office Expenses$210,829$47,230$46,265$304,324
Occupancy$249,389$19,353$21,977$290,719
Fees for Services Other$103,332$51,832$38,838$194,002
Information Technology$65,959$6,326$6,248$78,533
Depreciation Depletion$63,381$6,588$3,713$73,682
Interest$40,481$9,445$2,646$52,572
Insurance$24,885$6,530$2,357$33,772
Fees for Services Accounting-$28,138-$28,138
Travel$9,636$2,233$2,461$14,330
Conferences and Meetings$12,588-$32$12,620
Fees for Services Legal-$9,116-$9,116
Other Expenses$691,884$45$104$45
Total Functional Expenses$6,439,549$842,650$645,586$7,927,785

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,939,884
Expenses per Audited Statements$7,927,785
Total Expenses per Form 990$7,927,785
Expenses Not Reported on Form 990$12,099
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,591
Fundraising Direct Expenses$22,456
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Petchitecture$55,591$55,591$7,865$47,726
Total Events$55,591$55,591$22,456$33,135
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

The Audit Committee reviews Form 990 and recommends approval by the Board of Directors. The Board of Directors approves Form 990 prior to filing.

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

The Board of Directors studied local salaries of Executive Directors of comparable organizations, and noting the agencys current budget agreed with the Executive Director on a salary figure amenable to both parties.

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

The Executive Director studied local salaries of the relevant positions at comparable organizations, and noting the agencys current budget agreed with the employees on salary figures amenable to everyone.

Form 990, Part VI, Section C, Line 19

Shanti posts financial statements annually on own website. Public is invited to all board meetings where current financial statements are reviewed. Financial statements, conflict of interest policy, and governing documents are available at the Shantis office at 3170 23rd street, San Francisco.

Form 990, Part VI, Section A, Line 8

Board and committee minutes are recored, reviewed, and accepted by the respective group.

Filing and Contact Details

Filer

Filer Name
Shanti Project
EIN
94-2297147
Phone
4156744700
Address
3170 23RD STREET, San Francisco, CA 94110

Signing Officer

Name
Patricia Schnedar
Title
CFO
Signed
2022-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kaushik Roy
Formed
1975
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
75
Volunteers
500

Preparer

Firm
Noe and Company
Address
8105 EDGEWATER DR SUITE 220, OAKLAND, CA 94621
Preparer
Sijoon Noe
Phone
5105531231
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 493,436, Grants and allocations 0, Revenue 0 Volunteer Services When volunteers are trained to make meaningful personal connections, they learn to offer compassion and presence that affects the entire community. Shanti offers an immersive, life-changing 24-hour volunteer training, the Shanti Model of Peer Support, which prepares volunteers to be paired one-on-one with clients and provide them with both emotional support and practical assistance.

Form 990, Part III, Line 4D

Program Service Expenses 1,212,486, Grants and allocations 0, Revenue 0 Peer Advocate Care Team PACT When our neighbors who live in poverty in Potrero Terrace and Annex public housing, which is undergoing a vast redevelopment, receive emotional support, they feel strong, empowered, and more self-reliant. Using the Shanti Model of Peer Support, our PACT services enable these individuals and families to stay or become stably housed in a safe and livable environment, one where they feel invested and connected to each other and their community.

Form 990, Part III, Line 4D

Program Service Expenses 1,024,009, Grants and allocations 0, Revenue 0 LGBT Aging and Abilities Support Network LAASN When LGBTQ elders with disabilities are recognized for who they truly are, they feel valued and empowered to vibrantly contribute to their community. The LGBTQ Aging and Abilities Support Network provides supportive services that address social isolation, emotional, behavioral, and health challenges faced by lesbian, gay, bisexual, transgender, and queer seniors and adults with disabilities.

Form 990, Part III, Line 4D

Program Service Expenses 382,719, Grants and allocations 0, Revenue 0 HIV Health Services Planning Council Support Program The San Francisco EMA HIV Community Planning Council is a collaborative regional planning body that consists of volunteers and government appointees from throughout San Francisco, Marin, and San Mateo counties, including persons living with HIV, community members, and representatives of private and public agencies providing a wide range of HIV-related services and programs. Shanti provides management, administrative support, and training to council members of the San Francisco HIV Community Planning Council. The body is mandated by HRSA and the CDC to assess the needs of the HIV-positive population and those at risk of contracting HIV, prioritize service categories, and set funding allocation levels for those services.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DEPUTY EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0Margot Murphy Womens Cancer Program When women diagnosed with cancer are genuinely seen and supported, not just medically, but emotionally, they gain a sense of empowerment about their treatment and their lives. Through our Womens Cancer Program, our Care Navigators provide a multitude of culturally competent services including patient advocacy, language interpretation, social services application support, appointment accompaniment, and transportation assistance. We meet clients where they are at - in homes, in hospital rooms, or in our offices.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Pets Are Wonderful Support PAWS When our neighbors know their animals are being loved and cared for, they have the time, space, and confidence to navigate the other issues in their lives. PAWS staff and volunteers assist clients in caring for their pets through supportive services like pet food and supplies, veterinary services, dog walking, in-home cat care, transports to vet appointments, and emergency pet foster care.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.76$1.65$3.10$7.48$7.86$0.38
2023Detailed filing. Detailed filing data is available for this year.$5.66$2.18$3.48$7.96$9.00$1.04
2022Detailed filing. Detailed filing data is available for this year.$6.36$1.84$4.52$9.43$8.83$0.60
2021Detailed filing. Detailed filing data is available for this year.$6.51$2.59$3.92$8.86$7.93$0.94
2020Detailed filing. Detailed filing data is available for this year.$5.43$2.44$2.99$7.00$6.58$0.42
2019Detailed filing. Detailed filing data is available for this year.$4.61$2.05$2.57$7.07$5.91$1.15
2018Detailed filing. Detailed filing data is available for this year.$3.21$1.80$1.41$5.50$5.75$0.25
2017Detailed filing. Detailed filing data is available for this year.$3.40$1.74$1.66$5.07$5.34$0.27
2016Detailed filing. Detailed filing data is available for this year.$3.23$1.67$1.56$3.96$4.32$0.36
2015Detailed filing. Detailed filing data is available for this year.$1.13$0.36$0.76$3.03$2.98$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.35$0.71$3.13$2.67$0.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.33$0.25$2.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.25$0.20$2.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.29$0.16$2.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.30$0.12$2.48