Totals
- Total revenue
- $1,187,579
- Total expenses
- $1,220,091
- Contributions and grants received
- $1,130,651
- Grants paid
- $0
- Program service revenue
- $99,785
- Investment income
- $7,540
- Other revenue
- -$50,397
- Total assets, end of year
- $3,702,492
- Total liabilities, end of year
- $1,737,874
- Net assets or fund balances, end of year
- $1,964,618
- Program services expenses (Part IX)
- $976,774
- Management and general expenses
- $98,382
- Fundraising expenses
- $144,935
- Program service expenses (Part III)
- $976,774
Program services were 80.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$192,772
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$937,879
-
1g · Noncash contributions included above
$84,874
-
2a · Program service revenue: Accelerator Program Consulting Fees
total $46,780 · related or exempt $46,780 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Interest on Program Related Notes Receivable
total $42,858 · related or exempt $42,858 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Investment Banking Consulting Fees
total $10,147 · related or exempt $10,147 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,732 · related or exempt $0 · unrelated business $0 · excluded $7,732
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $36,650 · other assets $549
-
7b · Less cost or other basis and sales expenses
securities $36,743 · other assets $648
-
7c · Gain or loss
securities -$93 · other assets -$99
-
7d · Net gain or loss
total -$192 · related or exempt $0 · unrelated business $0 · excluded -$192
-
8a · Fundraising events: gross income
$17,997
-
8a · Fundraising events: contributions included on line 1c
$192,772
-
8b · Fundraising events: direct expenses
$68,394
-
8c · Net income from fundraising events
total -$50,397 · unrelated business $0 · excluded -$50,397
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $143,871 · program services $107,903 · management and general $7,194 · fundraising $28,774
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $535,895 · program services $405,879 · management and general $58,602 · fundraising $71,414
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $1,184 · program services $1,184 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $21,500 · program services $11,178 · management and general $4,196 · fundraising $6,126
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $29,132 · program services $29,132 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $12,987 · program services $912 · management and general $12,075 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $24,000 · fundraising $24,000
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $34,937 · program services $34,580 · management and general $0 · fundraising $357
-
12 · Advertising and promotion
total $862 · program services $700 · management and general $0 · fundraising $162
-
13 · Office expenses
total $55,710 · program services $47,713 · management and general $7,046 · fundraising $951
-
14 · Information technology
total $16,050 · program services $10,974 · management and general $3,868 · fundraising $1,208
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $32,302 · program services $25,541 · management and general $2,817 · fundraising $3,944
-
17 · Travel
total $54,871 · program services $52,943 · management and general $1,083 · fundraising $845
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $14,612 · program services $14,612 · management and general $0 · fundraising $0
-
20 · Interest
total $52 · program services $52 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,431 · program services $1,431 · management and general $0 · fundraising $0
-
23 · Insurance
total $2,363 · program services $862 · management and general $1,501 · fundraising $0
-
24a · Other expenses: Bad debt expense
total $201,550 · program services $199,865 · management and general $0 · fundraising $1,685
-
24b · Other expenses: FX Fees
total $31,313 · program services $31,313 · management and general $0 · fundraising $0
-
24c · Other expenses: Donor Cultivation
total $5,469 · program services $0 · management and general $0 · fundraising $5,469
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $125,331 · end of year $166,436
-
2 · Savings and temporary cash investments
beginning of year $896,277 · end of year $424,766
-
3 · Pledges and grants receivable
beginning of year $389,623 · end of year $534,139
-
4 · Accounts receivable
beginning of year $18,498 · end of year $62,256
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $30,231 · end of year $12,766
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $9,739 · end of year $7,100
-
10c · Land, buildings and equipment, net
beginning of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $904,038 · end of year $2,405,062
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $83,737 · end of year $89,967
-
17 · Accounts payable and accrued expenses
beginning of year $62,124 · end of year $104,461
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $653 · end of year $154
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $25,000 · end of year $25,000
-
25 · Other liabilities
beginning of year $1,059,470 · end of year $1,608,259
-
27 · Net assets without donor restrictions
beginning of year $1,004,751 · end of year $1,141,637
-
28 · Net assets with donor restrictions
beginning of year $305,476 · end of year $822,981
Mission and programs · 2023
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.
Activities or mission (Part I)
Upaya Social Ventures fights extreme poverty through dignified jobs. Founded in 2011, Upaya provides investment and consulting support to early-stage businesses aimed at creating jobs for people living in extreme poverty.
-
Upaya creates dignified jobs for people living in extreme poverty by building scalable businesses with investment and consulting support. Since 2011, Upaya has supported 38 small and growing businesses in India with investments and expertise. As of December 2023, Upaya partners had created 38,517 lasting and dignified jobs. In 2023, Upaya accelerated the growth of eight additional companies and selected four new partners for our investment portfolio.
Expenses $976,774 · Revenue $99,785
As filed on the 2023 return.
Listed in Part VII
-
Kate Cochran
CEO
- Total calculated
- $143,871
- From this org
- $143,871
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sachita Shenoy
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Robin Wolaner
Chair until September 2023
- Total calculated
- $0
- Hours/week
- 4
-
Kim Rachmeler
Vice Chair/Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Brian Boland
Board Member until September 2023
- Total calculated
- $0
- Hours/week
- 2
-
Caroline Norton Vance
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Asawari RaoRane Agrawal
Board Member until September 2023
- Total calculated
- $0
- Hours/week
- 2
-
Kusi Hornberger
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Nainesh Shah
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Caroline Bressan
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Kumar Ganapathy
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bill Harrington
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Parvathy Ramanathan
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Mukund Ghangurde
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Yashodhra Painumkal
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Richard Wardell
Chair beginning September 2023
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Upaya Social Ventures India Private LTD
Support start-up businesses in India · IN · income $23,766 · assets $304,769
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403209349313025
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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