Nonprofit · EIN 13-3976569
AKANKSHA EDUCATION FUND INC
Tax-exempt · NEW YORK, NY 10113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $1,006,304 | $1,387,214 | -$380,910 | $2,922,986 | $23,163 | $2,899,823 |
| March 31, 2024 | 990 | $2,186,595 | $2,473,631 | -$287,036 | $3,316,934 | $36,917 | $3,280,017 |
| March 31, 2023 | 990 | $2,580,109 | $1,897,972 | $682,137 | $3,590,151 | $20,039 | $3,570,112 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $936,701
- Program service revenue
- $0
- Investment income
- $69,603
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $827,350
- Compensation of officers, directors and key employees
- $186,449
- Other salaries and wages
- $148,712
- Salaries, compensation and benefits (total)
- $369,791
- Professional fundraising fees
- $0
- Accounting fees
- $32,874
- Travel
- $23,326
- Program services (functional)
- $1,024,913
- Management and general (functional)
- $138,998
- Fundraising (functional)
- $223,303
Balance sheet and other
- Total assets, start of year
- $3,316,934
- Total assets, end of year
- $2,922,986
- Total liabilities, end of year
- $23,163
- Net assets, end of year
- $2,899,823
- Publicly traded securities
- $1,546,012
- Net assets without donor restrictions
- $1,960,001
- Net assets with donor restrictions
- $939,822
- Gross receipts
- $1,006,304
- Employees
- 4
- Volunteers
- 23
- Year formed
- 1996
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEJAL DESAI | EXECUTIVE DIRECTOR Officer | 40 | $173,919 | $10,435 |
| SHANKAR IYER | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| BHARTI MALKANI | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| KATE SHOEMAKER | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| FALGUNI MALKANI | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| NYMRATA ADVANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REENA BATRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PULKESHI JAPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SACHIN JINDAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUYINTAN MEHTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANJALI MELWANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMIR MIRZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEDHA PRAKASH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SRIVIDYA PRAKASH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH H ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONICA SHETH | DIRECTOR Trustee or director | 1 | $0 |
| RAMESH SRINIVASAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEJAL DESAI | EXECUTIVE DIRECTOR Officer | 40 | $165,637 | $9,619 |
| SHANKAR IYER | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| BHARTI MALKANI | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KATE SHOEMAKER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| FALGUNI MALKANI | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| NYMRATA ADVANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REENA BATRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORIE BROSER | DIRECTOR THRU 4/23 Trustee or director | 1 | $0 | $0 |
| PULKESHI JAPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SACHIN JINDAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATHALIE JOSEPH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MADDY KULKARNI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUYINTAN MEHTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANJALI MELWANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMIR MIRZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEDHA PRAKASH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SRIVIDYA PRAKASH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH H ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAMESH SRINIVASAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEJAL DESAI | EXECUTIVE DIRECTOR Officer | 40 | $158,487 | $7,233 |
| SHANKAR IYER | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| BHARTI MALKANI | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| KATE SHOEMAKER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| FALGUNI MALKANI | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| NYMRATA ADVANI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORIE BROSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SACHIN JINDAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATHALIE JOSEPH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUYINTAN MEHTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMIR MIRZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEDHA PRAKASH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SRIVIDYA PRAKASH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARAH H ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAMESH SRINIVASAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2038, NEW YORK, NY 10113-2038
- In care of
- % KRA LLC
- Principal officer (990 for 2024)
- RAMESH SRINIVASAN, PO BOX 2038, NEW YORK, NY 10113
- Signed the 990
- AMIR MIRZA, TREASURER
- Phone
- (917) 930-6515
- Website
- WWW.AKANKSHAFUND.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED CHILDREN IN INDIA, AND RAISING SUPPORT FOR AND AWARENESS OF SUCH ACTIVITIES IN THE UNITED STATES.
Program accomplishments
- AKANKSHA EDUCATION FUND IS A NON-PROFIT ORGANIZATION WITH A MISSION TO PROVIDE CHILDREN FROM LOW-INCOME COMMUNITIES WITH A HIGH-QUALITY EDUCATION, ENABLING THEM TO MAXIMIZE THEIR POTENTIAL AND TRANSFORM THEIR LIVES. FOR OVER 30 YEARS, AKANKSHA HAS EDUCATED CHILDREN FROM LOW-INCOME COMMUNITIES ACROSS MUMBAI AND PUNE FIRST, THROUGH THEIR AFTER-SCHOOL CENTERS, AND SINCE 2007, THROUGH THE SCHOOL PROJECT. CURRENTLY, 'THE SCHOOL PROJECT' OPERATES 27 SCHOOLS, SERVING APPROXIMATELY 14,700 CHILDREN AND 5,400 ALUMNI. LOOKING AHEAD, THEY SEEK TO EXPAND THEIR NETWORK OF SCHOOLS, SHARE THEIR EFFECTIVE PRACTICES AND ADVOCATE FOR QUALITY SCHOOL REFORM FOR CHILDREN ACROSS INDIA. AKANKSHA EDUCATION FUND SUPPORTS ALUMNI FROM THE AKANKSHA FOUNDATION FUNDED SCHOOLS PURSUING HIGHER EDUCATION IN THE UNITED STATES. SERVICES INCLUDE MENTORING, CAREER GUIDANCE AND ACCESS TO REMOTE HOST FAMILIES.Expenses $1,024,913 · grants $827,350
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3976569
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q123)
- Assets (IRS master file)
- $2,922,986
- Income (IRS master file)
- $1,006,304
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $1,006,304 | $1,387,214 | $2,922,986 | XML |
| 990 | March 2024 | $2,186,595 | $2,473,631 | $3,316,934 | XML |
| 990 | March 2023 | $2,580,109 | $1,897,972 | $3,590,151 | XML |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3976569).
Questions about AKANKSHA EDUCATION FUND INC
- What is the EIN of AKANKSHA EDUCATION FUND INC?
- The employer identification number (EIN) of AKANKSHA EDUCATION FUND INC is 13-3976569.
- Is AKANKSHA EDUCATION FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to AKANKSHA EDUCATION FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AKANKSHA EDUCATION FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AKANKSHA EDUCATION FUND INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AKANKSHA EDUCATION FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of AKANKSHA EDUCATION FUND INC?
- The 990 for the year ended March 31, 2025 names RAMESH SRINIVASAN.
- Who are the officers and directors of AKANKSHA EDUCATION FUND INC?
- The 990 for the year ended March 31, 2025 lists 17 people; 1 received compensation from the organization, the highest $173,919 (SEJAL DESAI, EXECUTIVE DIRECTOR).
- How much revenue does AKANKSHA EDUCATION FUND INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $1,006,304, expenses of $1,387,214 and total assets of $2,922,986 at year end.
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