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Nonprofit · EIN 80-0713334

UPAYA SOCIAL VENTURES

Tax-exempt · SEATTLE, WA 98109

Financials

$1.2M$1.2M2023$3.3M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of UPAYA SOCIAL VENTURES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,266,053$1,147,580$2,118,473$5,695,859$1,684,392$4,011,467
December 31, 2023990$1,187,579$1,220,091-$32,512$3,702,492$1,737,874$1,964,618
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,215,890
of which government grants
$32,900
Program service revenue
$60,025
Investment income
$24,330
Net gain from sales of assets
$996
Net income from fundraising events
-$34,192
Other revenue
-$34,192

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$308,872
Other salaries and wages
$300,329
Salaries, compensation and benefits (total)
$632,740
Professional fundraising fees
$25,000
Legal fees
$25,963
Accounting fees
$119,042
Occupancy
$21,768
Travel
$46,121
Depreciation
$1,573
Program services (functional)
$876,497
Management and general (functional)
$162,954
Fundraising (functional)
$108,129

Balance sheet and other

Total assets, start of year
$3,702,492
Total assets, end of year
$5,695,859
Total liabilities, end of year
$1,684,392
Net assets, end of year
$4,011,467
Net assets without donor restrictions
$1,104,753
Net assets with donor restrictions
$2,906,714
Gross receipts
$3,394,958
Employees
3
Volunteers
28
Year formed
2011
State of legal domicile
WA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Kate CochranCEO until July 2024, Board Member
Trustee or director, Officer
40$134,375
Arumugasamy Balachandran ChakravartCo-CEO
Officer
40$85,000
Shruti GoelCo-CEO
Officer
40$80,000
Sachita ShenoyBoard Member
Trustee or director
2$0
Richard WardellChair
Trustee or director, Officer
4$0
Parvathy RamanathanVice Chair/Secretary
Trustee or director, Officer
4$0
Nainesh ShahTreasurer
Trustee or director, Officer
4$0
Caroline BressanBoard Member until June 2024
Trustee or director
2$0
Kumar GanapathyBoard Member
Trustee or director
2$0
Mukund GhangurdeBoard Member
Trustee or director
2$0
Bill HarringtonBoard Member
Trustee or director
2$0
Manoj JainBoard Member
Trustee or director
2$0
Yashodhra PainumkalBoard Member
Trustee or director
2$0
Kim RachmelerBoard Member
Trustee or director
2$0
Caroline Norton VanceBoard Member
Trustee or director
2$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
Kate CochranCEO
Trustee or director, Officer
40$143,871
Sachita ShenoyBoard Member
Trustee or director
2$0
Robin WolanerChair until September 2023
Trustee or director, Officer
4$0
Kim RachmelerVice Chair/Secretary
Trustee or director, Officer
4$0
Brian BolandBoard Member until September 2023
Trustee or director
2$0
Caroline Norton VanceBoard Member
Trustee or director
2$0
Asawari RaoRane AgrawalBoard Member until September 2023
Trustee or director
2$0
Kusi HornbergerBoard Member
Trustee or director
2$0
Nainesh ShahTreasurer
Trustee or director, Officer
4$0
Caroline BressanBoard Member
Trustee or director
2$0
Kumar GanapathyBoard Member
Trustee or director
2$0
Bill HarringtonBoard Member
Trustee or director
2$0
Parvathy RamanathanBoard Member
Trustee or director
2$0
Mukund GhangurdeBoard Member
Trustee or director
2$0
Yashodhra PainumkalBoard Member
Trustee or director
2$0
Richard WardellChair beginning September 2023
Trustee or director, Officer
4$0

Address and contacts

Address (IRS master file)
508 YALE AVE N SUITE 214, SEATTLE, WA 98109-5532
Principal officer (990 for 2024)
Erin Purcell, 508 Yale Ave N Ste 214, Seattle, WA 98109
Signed the 990
Erin Purcell, Director of Finance
Phone
(206) 459-8627

Mission

Upaya Social Ventures' mission is to create dignified jobs for people living in extreme poverty by building scalable businesses with investment and consulting support.

990 for the year ended December 31, 2024

Program accomplishments

  • Upaya creates dignified jobs for people living in extreme poverty by building scalable businesses with investment and consulting support. Since 2011, Upaya has supported 42 small and growing businesses in India with investments and expertise. As of December 2024, Upaya partners had created 46,186 lasting and dignified jobs. In 2024, Upaya accelerated the growth of seven additional companies and selected four new partners for our investment portfolio.
    Expenses $876,497 · revenue $60,025

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
80-0713334
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
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,695,859
Income (IRS master file)
$3,394,958

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,266,053$1,147,580$5,695,859IRS
990-TDecember 2024–––IRS
990December 2023$1,187,579$1,220,091$3,702,492XML
990December 2022$1,286,104$1,075,248$2,457,474IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 80-0713334).

Questions about UPAYA SOCIAL VENTURES

What is the EIN of UPAYA SOCIAL VENTURES?
The employer identification number (EIN) of UPAYA SOCIAL VENTURES is 80-0713334.
Is UPAYA SOCIAL VENTURES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to UPAYA SOCIAL VENTURES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UPAYA SOCIAL VENTURES 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 UPAYA SOCIAL VENTURES due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UPAYA SOCIAL VENTURES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of UPAYA SOCIAL VENTURES?
The 990 for the year ended December 31, 2024 names Erin Purcell.
Who are the officers and directors of UPAYA SOCIAL VENTURES?
The 990 for the year ended December 31, 2024 lists 15 people; 3 received compensation from the organization, the highest $134,375 (Kate Cochran, CEO until July 2024, Board Member).
How much revenue does UPAYA SOCIAL VENTURES have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,266,053, expenses of $1,147,580 and total assets of $5,695,859 at year end.

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