Nonprofit · EIN 45-3964226
SWANITI INITIATIVE
Tax-exempt · HOUSTON, TX 77019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $52,617,405 | $3,460,127 | $49,157,278 | $57,652,805 | $4,121,724 | $53,531,081 |
| June 30, 2024 | 990 | $4,784,981 | $3,122,757 | $1,662,224 | $4,478,341 | $104,538 | $4,373,803 |
| June 30, 2023 | 990 | $4,624,823 | $1,833,285 | $2,791,538 | $4,565,582 | $134,869 | $4,430,713 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $51,984,562
- Program service revenue
- $0
- Investment income
- $632,843
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $566,113
- Other salaries and wages
- $786,286
- Salaries, compensation and benefits (total)
- $1,400,998
- Professional fundraising fees
- $0
- Legal fees
- $7,250
- Occupancy
- $379
- Travel
- $175,390
- Depreciation
- $7,288
- Program services (functional)
- $3,360,143
- Management and general (functional)
- $99,984
Balance sheet and other
- Total assets, start of year
- $4,478,341
- Total assets, end of year
- $57,652,805
- Total liabilities, end of year
- $4,121,724
- Net assets, end of year
- $53,531,081
- Land, buildings and equipment
- $41,950
- Publicly traded securities
- $54,572,241
- Net assets without donor restrictions
- $52,466,135
- Net assets with donor restrictions
- $1,064,946
- Gross receipts
- $52,617,405
- Employees
- 16
- Volunteers
- 5
- Year formed
- 2012
- State of legal domicile
- TX
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANTANU AGARWAL | SECRETARY/DIRECTOR Trustee or director, Officer | 40 | $291,566 | $13,712 |
| RWITWIKA BHATTACHARYA | CHIEF EXECUTIVE OFFICER/DIRECTOR Trustee or director, Officer | 40 | $196,620 | $6,945 |
| XXX SANDEEP | PROGRAM MANAGER Highest-paid employee | 40 | $178,853 | $6,945 |
| JOSEPH JAMES | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $121,331 | $5,937 |
| ELIZASBETH GAMINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACHARY GINSBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIKAS MEHTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ROSSOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANTANU AGARWAL | DIRECTOR/SEC Trustee or director, Officer | 40 | $164,023 | $3,130 |
| XXX SANDEEP | PROGRAM MANA Highest-paid employee | 40 | $120,165 | $1,125 |
| RWITWIKA BHATTACHARYA | DIRECTOR/CEO Trustee or director, Officer | 40 | $117,592 | $2,408 |
| ELIZABETH GAMINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACHARY GINSBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIKAS MEHTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ROSSOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RWITWIKA BHATTACHARYA | DIRECTOR/CEO Trustee or director, Officer | 40 | $127,551 | $9,549 |
| SHANTANU AGARWAL | DIRECTOR/SEC Trustee or director, Officer | 2 | $0 | $0 |
| ELIZABETH GAMINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACHARY GINSBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIKAS MEHTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ROSSOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1109 MARCONI ST, HOUSTON, TX 77019-4207
- In care of
- % SHANTANU AGARWAL
- Mailing address (990-N for 2018)
- 1109 Marconi Street Apt A, Houston TX 77019
- Principal officer (990 for 2024)
- RWITWIKA BHATTACHARYA, 1109 MARCONI ST, HOUSTON, TX 77019
- Principal officer (990-N for 2018)
- Shantanu Agarwal, 10777 Westheimer Road Suite 1175, Houston TX 77042
- Signed the 990
- RWITWIKA BHATTACHARYA, CHIEF EXECUTIVE OFFICER
- Phone
- (415) 868-5533
- Website
- WWW.SWANITI.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
OUR MISSION IS TO HELP BUILD STRONG AND SUPPORTIVE ECOSYSTEMS THAT CAN STAND UP TO THE REALITIES OF A CHANGING CLIMATE. TODAY, COUNTRIES ARE EXPECTED TO TRANSITION QUICKLY TO CLEANER ENERGY, STRENGTHEN SOCIAL PROTECTION AND IMPROVE SYSTEMS THAT SERVE MILLIONS OF PEOPLE. WE SEE OUR ROLE AS HELPING MAKE THAT JOURNEY EASIER, FASTER AND MORE INCLUSIVE. WE WORK WITH GOVERNMENTS TO STRENGTHEN THE SYSTEMS THEY RELY ON EVERY DAY, HELP CONNECT THE RIGHT PARTNERS, AND MAKE SURE GOOD IDEAS CAN GROW INTO LASTING SOLUTIONS. WE BRING TOGETHER INSIGHTS FROM COMMUNITIES, INNOVATIONS FROM THE PRIVATE SECTOR AND THE PASSION OF CIVIL SOCIETY TO MAKE PUBLIC PROGRAMS MORE EFFECTIVE AND MORE ACCESSIBLE. AT THE CENTER OF OUR MISSION IS A COMMITMENT TO PEOPLE. WE WANT CLIMATE ACTION TO BE MEANINGFUL AND GROUNDED. WE WANT INSTITUTIONS TO BE PREPARED FOR THE CHALLENGES AHEAD. AND WE WANT DEVELOPMENT PATHWAYS THAT GIVE EVERYONE A FAIR CHANCE TO PARTICIPATE IN A GREENER AND MORE SUSTAINABLE ECONOMY. EVERYTHING WE
Program accomplishments
- THE ORGANIZATION RECEIVED A GRANT TO ESTABLISH A SUSTAINABLE AND SCALABLE MODEL OF CARBON DIOXIDE REMOVAL THROUGH ENHANCED ROCK WEATHERING TECHNIQUE ALONG WITH CO-BENEFITS TO MARGINAL FARMERS IN THE GLOBAL SOUTH. PROJECT MATI WAS CONCEIVED AS A PILOT PROJECT IN THE YEAR 2022 TO ADDRESS THE CHALLENGES FACED BY MARGINAL FARMERS IN THE CONTEXT OF CLIMATE CHANGE. ENHANCED ROCK WEATHERING (ERW) HOLDS GREAT POTENTIAL AS A TOOL FOR CARBON REMOVAL AND EMPOWERING PADDY FARMERS IN INDIA. ERW PROCESS OFFERS A PROMISING SOLUTION OF CRUSHED ROCKS, SUCH AS BASALT, ON AGRICULTURAL FIELDS. AS THESE ROCKS WEATHER OVER TIME, THEY NATURALLY ABSORB CARBON DIOXIDE FROM THE ATMOSPHERE AND LOCK IT AWAY IN THE FORM OF STABLE CARBONATES. THE WEATHERING OF ROCKS RELEASES ESSENTIAL MINERALS AND NUTRIENTS INTO THE SOIL, REPLENISHING NUTRIENT LEVELS AND IMPROVING SOIL HEALTH. THIS LEADS TO INCREASED NUTRIENT AVAILABILITY FOR CROPS, RESULTING IN HIGHER YIELDS AND IMPROVED PRODUCTIVITY FOR PADDY FARMERS. MATI CARBON'S MISSION IS TO SCALE CARBON DIOXIDE REMOVAL IN RICE FIELDS BY ENHANCED WEATHERING. THE MATI PROCESS LEVERAGES NATURALLY OCCURRING SILICATE ROCKS WEATHERING PHENOMENON BY ACCELERATING THE PROCESS MANY ORDERS OF MAGNITUDE TO ALLOW FOR CARBON REMOVAL TO OCCUR IN JUST A FEW YEARS. MATI OFFERS SEVERAL BENEFITS BASED ON CARBON REMOVAL IN PADDY AGRICULTURE FIELDS, PARTICULARLY FOR MARGINALIZED FARMERS IN INDIA. THE KEY ADVANTAGES INCLUDE CARBON REMOVAL, INCREASED SOIL FERTILITY, REDUCED NEED FOR CHEMICAL FERTILIZERS, SOIL ACIDIFICATION MITIGATION AND CLIMATE RESILIENCE. MATI CARBON'S ENHANCED ROCK WEATHERING (ERW) BASED CARBON REMOVAL PROJECT FOLLOWED A SYSTEMATIC METHODOLOGY, ENSURING EFFICIENT FARMER ENROLLMENT AND TARGETING THE WHOLE COMMUNITY RATHER THAN A FEW BIG FARMERS. THROUGH COMMUNITY OUTREACH, CAPACITY-BUILDING, AND KNOWLEDGE-SHARING PLATFORMS, WE EMPOWERED FARMERS TO IMPLEMENT ERW TECHNIQUES EFFECTIVELY AND EMBRACE SUSTAINABLE AGRICULTURE PRACTICES. BY ADHERING TO A STRUCTURED APPROACH AND MAINTAINING A STRONG MONITORING AND EVALUATION FRAMEWORK, WE MAXIMIZED THE IMPACT OF ERW ON CARBON REMOVAL, SOIL FERTILITY IMPROVEMENT, AND CROP YIELDS, CONTRIBUTING TO A MORE SUSTAINABLE AGRICULTURAL SYSTEM AND BENEFITING FARMERS AND THE COMMUNITY AT LARGE. WE USED A PROPRIETARY LOGISTICS PLATFORM AND TECHNOLOGY STACK TO ENABLE OUR DEPLOYMENTS. THE FOLLOWING OBJECTIVES WERE ACCOMPLISHED DURING DIFFERENT CROPPING CYCLES IN THE PROJECT AREA DULY VALIDATING OUR METHODOLOGIES AND MRV TECHNIQUES. MATI CARBON PROJECT WAS VALIDATED AS A TRUE APPLICATION OF HIGH TECH MRV AND LATEST CARBON REMOVAL SCIENCE IN RURAL PADDY FIELDS WHICH ENABLED FARMERS WITH BETTER CROP PRODUCTIVITY AND LIVELIHOOD GENERATION. WE HAVE BEEN ABLE TO EQUIP FARMERS WITH THE NECESSARY KNOWLEDGE AND ENSURED THE WIDER DISSEMINATION OF NEW TECHNOLOGY FOR SUSTAINABLE AGRICULTURE, FOSTERING A MORE RESILIENT AND ENVIRONMENTALLY CONSCIOUS FARMING COMMUNITY. THESE BENEFITS SUPPORT THE SUSTAINABLE DEVELOPMENT AND WELL-BEING OF MARGINALIZED FARMERS, EMPOWERING THEM TO COMBAT CLIMATE CHANGE AND ENHANCE THEIR LIVELIHOOD.Expenses $920,007
- PROVIDED TECHNICAL ASSISTANCE TO STATE OWNED ENTERPRISES, LIKE COAL INDIA, TO MAP OUT THE PATHWAY FOR ENERGY TRANSITION AND INCLUSIVE GROWTH. TEAMS WERE PLACED AT A STATE OWNED ENTERPRISE LEVEL AS WELL AS A STATE PROGRAM IN ORDER TO MAP STRATEGICALLY WORK ON ENSURING THAT AN INCLUSIVE TRANSITION PROCESS IS MAPPED OUT.Expenses $327,033
- SUPPORTED THE UP STATE GOVERNMENT ON DECARBONIZATION OF INDUSTRY. SPECIFICALLY, OUR INTENTION WAS TO MAP OUT WHERE THE BOTTLENECKS EXIST IN GOVERNMENT PROGRAMS AROUND DECARBONIZATION AND TO SUPPORT THE GOVERNMENT IN REMOVING THOSE BOTTLENECKS. OVER THE COURSE OF 24 MONTHS, THE SWANITIT TEAM WORKED WITH THE UP GOVERNMENT TO MINDFULLY REMOVE THESE KEY BOTTLENECKS. WORK ON ENSURING THAT AN INCLUSIVE TRANSITION PROCESS IS MAPPED OUT." CAN YOU EXPAND ON THIS PROGRAM DESCRIBINGExpenses $227,900
- SWANITI INITIATIVE IS A SOCIAL ENTERPRISE SUPPORTING GOVERNMENT ADMINISTRATION AND ELECTED REPRESENTATIVES TO ENSURE LAST-MILE PUBLIC SERVICE DELIVERY AND POLICY REFORMS. THE ORGANIZATION RECEIVES GRANTS FROM OTHER ORGANIZATIONS TO COMPLETE PROJECTS ON ENERGY TRANSITION, GREEN RECOVERY, SUSTAINABLE PLANNING AND GREEN LIVELIHOOD. THE ORGANIZATION ALSO WORKS WITH STATE GOVERNMENTS AND LOCAL BODIES FOR REENGINEERING SCHEME IMPLEMENTATION STRATEGIES TO ENSURE THE EXPANSION OF SOCIAL SECURITY COVERAGE TO UNSKILLED MIGRANT WORKERS AND VULNERABLE GROUPS AND TO ENHANCE THE EFFICIENCY OF DEVELOPMENT PLANNING PROCESSES.Expenses $1,885,203
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3964226
- 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
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W24)
- Assets (IRS master file)
- $57,652,805
- Income (IRS master file)
- $52,617,405
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $52,617,405 | $3,460,127 | $57,652,805 | IRS |
| 990 | June 2024 | $4,784,981 | $3,122,757 | $4,478,341 | IRS |
| 990 | June 2023 | $4,624,823 | $1,833,285 | $4,565,582 | XML |
| 990 | June 2022 | $2,442,576 | $1,048,070 | $1,700,516 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Shantanu Agarwal | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-3964226).
Questions about SWANITI INITIATIVE
- What is the EIN of SWANITI INITIATIVE?
- The employer identification number (EIN) of SWANITI INITIATIVE is 45-3964226.
- Is SWANITI INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to SWANITI INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SWANITI INITIATIVE 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 SWANITI INITIATIVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SWANITI INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SWANITI INITIATIVE?
- The 990 for the year ended June 30, 2025 names RWITWIKA BHATTACHARYA.
- Who are the officers and directors of SWANITI INITIATIVE?
- The 990 for the year ended June 30, 2025 lists 8 people; 4 received compensation from the organization, the highest $291,566 (SHANTANU AGARWAL, SECRETARY/DIRECTOR).
- How much revenue does SWANITI INITIATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $52,617,405, expenses of $3,460,127 and total assets of $57,652,805 at year end.
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