EIN 13-3976569

Akanksha Education Fund

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
1996
Most recent tax filings
2023-03-01
Description
The Akanksha Education Fund supports educational opportunities for disadvantaged children in India and raises awareness of such activities in the United States. The foundation enables some of the most marginalized children to receive a high-quality education, transforming their lives. For over 30 years, Akanksha has educated children from low-income communities across Mumbai. Their headquarters are located in New York, NY.
Also known as...
Akanksha Fund
Total revenues
$2,580,109
2023
Total expenses
$1,897,972
2023
Total assets
$3,590,151
2023
Num. employees
4
2023

Program areas at Akanksha Education Fund

Akanksha Education foundation 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. Today, they are one of the largest urban networks of public-private partnership schools of its kind in india. Currently, the foundation operates 26 schools, serving approximately 13,000 children and 5,100 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.

Grants made by Akanksha Education Fund

GranteeGrant descriptionAmount
Aam FoundationTo Support the Annual Operating Expense of the Project and Helping Girls Ews Students Who Aspire To Attend Top Liberal Arts Schools in India, Us, Uk and Australia$200,000
TOWNS - The One World Network of SchoolsTo Support the Fund's Mission of Advancing Educational Outcomes for Disadvantaged Children in India.$35,000

Who funds Akanksha Education Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$361,000
Steadview FoundationUnrestricted$120,000
Goldman Sachs GivesEducational Programs & Other Student SVC$110,000
...and 21 more grants received totalling $848,438

Personnel at Akanksha Education Fund

NameTitleCompensation
Sejal DesaiExecutive Director$158,487
Gouri SadhwaniPast Executive Director$68,750
Shankar IyerPresident$0
Kate ShoemakerSecretary$0
Bharti MalkaniVice President$0
...and 1 more key personnel

Financials for Akanksha Education Fund

RevenuesFYE 03/2023
Total grants, contributions, etc.$2,565,148
Program services$0
Investment income and dividends$24,010
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-677
Net income from fundraising events$-8,372
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,580,109

Form 990s for Akanksha Education Fund

Fiscal year endingDate received by IRSFormPDF link
2023-032024-02-08990View PDF
2022-032022-12-12990View PDF
2021-032021-11-17990View PDF
2020-032021-04-12990View PDF
2019-032020-09-17990View PDF
...and 9 more Form 990s
Data update history
October 2, 2024
Updated personnel
Identified 4 new personnel
July 14, 2024
Received grants
Identified 1 new grant, including a grant for $1,000 from The Bank of America Charitable Foundation
June 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 22, 2024
Updated personnel
Identified 5 new personnel
May 20, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsInternational-focused organizationsCharities
Issues
Foreign affairs
Characteristics
Provides grantsFundraising eventsOperates internationallyNational levelGala fundraisersTax deductible donationsAccepts online donations
General information
Address
PO Box 2038
New York, NY 10113
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
akankshafund.org/ 
Phone
(917) 930-6515
IRS details
EIN
13-3976569
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q12: International, Foreign Affairs and National Security Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
122488
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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