Civic Intelligence

Drishtee Foundation

990 • Fiscal year 2023 • EIN 98-1500324

Apr 01, 2022 to Mar 31, 2023 • Filed on Jan 16, 2024

4959 Keylime DrJacksonville, FL 32256

(919) 810-1000

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

1.93x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

68th percentile

15%

Higher net margin than 68% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$3,370,913

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$3,370,913

No earlier filing loaded for comparison.

Revenue

$1,748,228

No earlier filing loaded for comparison.

Expenses

$1,493,804

No earlier filing loaded for comparison.

Net Income

$254,424

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2023: $3,370,913Liabilities 2023: $3,370,913Net Assets 2023: $02023Assets 2024: $5,285,934Liabilities 2024: $1,009,416Net Assets 2024: $4,276,5182024Assets 2025: $10,620,687Liabilities 2025: $1,196,054Net Assets 2025: $9,424,6332025

Highlighted filing

2023

Assets$3,370,913
Liabilities$3,370,913
Net Assets$0

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2023: $1,748,228Expenses 2023: $1,493,804Net Income 2023: $254,4242023Revenue 2024: $2,447,752Expenses 2024: $2,222,056Net Income 2024: $225,6962024Revenue 2025: $4,192,658Expenses 2025: $3,044,499Net Income 2025: $1,148,1592025

Highlighted filing

2023

Revenue$1,748,228
Expenses$1,493,804
Net Income$254,424
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Jan 16, 2024
Return Version
2022v5.0
Gross Receipts
$1,748,228
Mission and Program Overview

Mission

To empower 10 million rural women to earn a livelihood and achieve self-reliance by 2030.

To develop 1500 community units called vatikas in rural areas enabling shared prosperity through ecosystem support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,520,369$1,459,113▼ $61,256
Loans From Officers Directors$999,903$728,021▼ $271,882
Investments Program Related$695,991$695,991→ $0
Cash and Non-Interest-Bearing Accounts$422,858$401,374▼ $21,484
Pledges and Grants Receivable$304,340$302,190▼ $2,150
Land, Buildings, and Equipment, Net$35,358$268,878▲ $233,520
Intangible Assets$149,576$133,122▼ $16,454
Other Notes and Loans Receivable, Net$151,431$68,518▼ $82,913
Accounts Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,279,923$3,370,913▲ $90,990
Other Assets Total-$41,727-
Liabilities
Other Liabilities$902,640$2,241,283▲ $1,338,643
Deferred Revenue$1,094,665$181,896▼ $912,769
Accounts Payable and Accrued Expenses$144,060$134,998▼ $9,062
Unsecured Notes Loans Payable$138,655$84,715▼ $53,940
Total Liabilities$3,279,923$3,370,913▲ $90,990
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$3,279,923$3,370,913▲ $90,990

Asset Categories

AssetBook ValueDepreciationBasis
Land$238,318-$238,318
Equipment$24,358$89,026$113,384
Leasehold Improvements$6,202$1,757$7,959
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mamta MishraPresident
Nitin GachhayatVice President
Swapna MishraGeneral Secretary
ChandanMember
Kavita ThakurMember
Meenu MishraMember
Shailesh Kumar ThakurTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,694,362
Program Service Revenue
$0
Investment Income
$45,668
Other Revenue
$8,198
All Other Contributions
$1,694,362
Change in Net Assets
$254,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,072,667
Other Expenses$421,137
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,027,651$43,052-$1,070,703
Travel$121,960$18,516-$140,476
Fees for Services Other$6,247$75,670-$81,917
Other Expenses$37,629$26,202-$63,831
Occupancy$18,030$17,299-$35,329
Conferences and Meetings-$31,836-$31,836
Depreciation Depletion-$21,767-$21,767
Office Expenses$3,193$16,267-$19,460
Insurance-$9,596-$9,596
Fees for Services Accounting-$8,836-$8,836
Fees for Services Legal-$4,281-$4,281
Information Technology-$2,220-$2,220
Other Employee Benefits$1,964--$1,964
Interest-$1,076-$1,076
Advertising-$512-$512
Total Functional Expenses$1,216,674$277,130$0$1,493,804
International Activity

International Summary

Offices
0
Employees
0
Spending
$3,056,346

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 AsiaProgram ServicesSwavalamban (self Dependence)--$1,597,233
South AsiaInvestments---$1,459,113
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
Loans from Officers, Directors, Trustees, and Key Employees$999,903$728,021▼ $271,882
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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

Part VI, LIne 11 B

Drishtee Foundation as established the following review process to ensure that the information reported is complete and accurate. Form 990 is prepared by an outside accounting firm tax specialist and reviewed by Compliance Officer. Prior to Submission, it is reviewed by the Governing Body members.

Part VI, Line 12C

Drishtee Foundation has in place a conflict of interest policy which it monitors and enforces annually and the governing body oversees its execution. Governing Body, all members and all staff annually sign a conflict of interest policy and disclose any potential conflicts that may exist.

Part VI, Line 15

Drishtee foundation has established a compensation policy for its leadership committee to follow in establishing the compensation for its President, Secretary, Vice President and other Governing Body Members. Governing Body Members also have the option to waive any compensation with due regards to the social work done by the Organization.

Part VI, Line 19

Annual Reports of Drishtee Foundation along with this year's Form 990 can be found on the website www.drishtee.in. Governing Documents (MOA and Rules/ Regulations), Conflict of Interest Policy are also available on the website upon request.

Part VI, Line 2

Swapna Mishra is the daughter-in-law of Mamta Mishra. Chandan and Meenu Mishra are the daughters of Mamta Mishra. Sailesh Kumar Thakur and Kavita Thakur are husband and wife.

Part VI, Line 6, 7A

The organization has 7 members. Every member has a vote at the general meeting.

Filing and Contact Details

Filer

Filer Name
Drishtee Foundation
EIN
98-1500324
Address
4959 KEYLIME DR, JACKSONVILLE, FL 32256

Signing Officer

Name
Nitin Gachhayat
Title
Vice President
Signed
2024-01-16

Organization Details

Principal Officer
Nitin Gachhayat
Formed
2003
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
125
Supplemental Narrative

Additional Explanations

Part III - Line 4A

Swavlamban is an approach to bridge access gap among the rural women for skills, financial capacity and opportunities and facilitate their journey towards becoming successful entrepreneurs. An integrated model of, Skill development and Channel Promotion for Sustainable mpact on Self-reliance of the community through Local Livelihoods & enterprise development. Swavlamban is an approach of Drishtee to prepare rural community groups to combat the challenge of sustainable livelihood.

Part III, Line 4B

Details of Sakhi Swavlamban Program Sakhi-Swavlamban is an approach to bridge access gap among the rural women for skills, financial capacity and opportunities and facilitate their journey towards becoming a successful entrepreneur An Integrated model of, Skill development and Channel Promotion for Sustainable impact on Self-reliance of the community through Local Livelihoods & enterprise development. Sakhi- Swavlamban is a joint initiative of PNB MetLife India Insurance Company Limited and Drishtee Foundation with the aim to create community led and managed business ecosystem and self-reliant, sustainable economic and social solutions for marginalised rural women as a response to their need and mechanism to combat their challenge.

Part III, Line 4C

Details of Women Empowerment Project JIVIKA A. Drishtee Program Responsibilities Responsibilities expected of Drishtee: 1. Initiating SHG mobilization activities on ground. This would SHG member identification, co-visioning of change, group aggregation, induction, structuring, growth and enablement or facilitation through the process of change. 2.Creating ecosystem for facilitation of micro enterprise development and providing'/market access:- Setup a Drishtee office for carrying out activities aimed at developing a social business ecosystem.

Part XI, line 9

Change in net assets or fund balances amount to USD 1,187,546 which comprises of four items: 1. Addition of USD 249,371 to Corpus Fund Grant 2. Expenditure od USD 14,540 to capital expenditure from fund 3. expenses of usd 36,367 for endowment to deuka association 4. addition of usd 989,183 to spandan endowment fund.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Sakhi Swavalamban Program as per Schdule O (Attachment II)
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt063947
IRS990/ProgSrvcAccomActy3Grp/Desc0Women Empowerment Project JIVIKA as per Schedule O (Attachment III)
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SWAVALAMBAN (SELF DEPENDENCE)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Swavlamban is an approach to bridge access gap among the rural women for skills, financial capacity and opportunities and facilitate their journey towards becoming successful entrepreneurs. An integrated model of, Skill development and Channel Promotion for Sustainable mpact on Self-reliance of the community through Local Livelihoods & enterprise development. Swavlamban is an approach of Drishtee to prepare rural community groups to combat the challenge of sustainable livelihood.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Details of Sakhi Swavlamban Program Sakhi-Swavlamban is an approach to bridge access gap among the rural women for skills, financial capacity and opportunities and facilitate their journey towards becoming a successful entrepreneur An Integrated model of, Skill development and Channel Promotion for Sustainable impact on Self-reliance of the community through Local Livelihoods & enterprise development. Sakhi- Swavlamban is a joint initiative of PNB MetLife India Insurance Company Limited and Drishtee Foundation with the aim to create community led and managed business ecosystem and self-reliant, sustainable economic and social solutions for marginalised rural women as a response to their need and mechanism to combat their challenge.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Details of Women Empowerment Project JIVIKA A. Drishtee Program Responsibilities Responsibilities expected of Drishtee: 1. Initiating SHG mobilization activities on ground. This would SHG member identification, co-visioning of change, group aggregation, induction, structuring, growth and enablement or facilitation through the process of change. 2.Creating ecosystem for facilitation of micro enterprise development and providing'/market access:- Setup a Drishtee office for carrying out activities aimed at developing a social business ecosystem.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Drishtee Foundation as established the following review process to ensure that the information reported is complete and accurate. Form 990 is prepared by an outside accounting firm tax specialist and reviewed by Compliance Officer. Prior to Submission, it is reviewed by the Governing Body members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Drishtee Foundation has in place a conflict of interest policy which it monitors and enforces annually and the governing body oversees its execution. Governing Body, all members and all staff annually sign a conflict of interest policy and disclose any potential conflicts that may exist.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Drishtee foundation has established a compensation policy for its leadership committee to follow in establishing the compensation for its President, Secretary, Vice President and other Governing Body Members. Governing Body Members also have the option to waive any compensation with due regards to the social work done by the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Annual Reports of Drishtee Foundation along with this year's Form 990 can be found on the website www.drishtee.in. Governing Documents (MOA and Rules/ Regulations), Conflict of Interest Policy are also available on the website upon request.

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