Form 990 for tax year 2023

Filed by ASHOKA.

Totals

Total revenue: $42,144,063
Total expenses: $48,898,747
Contributions and grants received: $39,408,590
Grants paid: $7,642,803
Program service revenue: $1,120,731
Investment income: $1,295,934
Other revenue: $318,808
Total assets, end of year: $96,842,589
Total liabilities, end of year: $21,641,023
Net assets or fund balances, end of year: $75,201,566
Program services expenses (Part IX): $40,744,728
Management and general expenses: $5,876,599
Fundraising expenses: $2,277,420
Program service expenses (Part III): $40,744,728

Program services were 83.3% 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.

1f · All other contributions, gifts and grants

$39,408,590
1g · Noncash contributions included above

$28,945
2a · Program service revenue: FEE FOR SERVICE

total $1,028,962 · related or exempt $1,028,962
2b · Program service revenue: ASHOKA U PROGRAM

total $91,769 · related or exempt $91,769
3 · Investment income

total $1,045,231 · excluded $1,045,231
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $37,725 · excluded $37,725
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7a · Gross sales of assets other than inventory

securities $250,703
7c · Gain or loss

securities $250,703
7d · Net gain or loss

total $250,703 · excluded $250,703
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11a · Other revenue: OTHER REVENUE

total $281,083 · excluded $281,083
11e · Other revenue, total

$281,083

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $2,115,544 · program services $2,115,544
2 · Grants to domestic individuals

total $894,816 · program services $894,816
3 · Grants to foreign organizations and individuals

total $4,632,443 · program services $4,632,443
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $1,237,685 · program services $737,819 · management and general $446,930 · fundraising $52,936
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $21,927,416 · program services $18,444,203 · management and general $2,053,590 · fundraising $1,429,623
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $735,108 · program services $644,129 · management and general $35,628 · fundraising $55,351
10 · Payroll taxes

total $1,003,036 · program services $728,155 · management and general $187,495 · fundraising $87,386
11a · Fees: management

total $0
11b · Fees: legal

total $87,459 · program services $27,137 · management and general $42,981 · fundraising $17,341
11c · Fees: accounting

total $780,309 · program services $486,454 · management and general $291,128 · fundraising $2,727
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $7,581,565 · program services $6,729,802 · management and general $785,284 · fundraising $66,479
12 · Advertising and promotion

total $90,109 · program services $89,897 · management and general $212
13 · Office expenses

total $697,874 · program services $138,020 · management and general $148,820 · fundraising $411,034
14 · Information technology

total $334,187 · program services $315,492 · management and general $18,685 · fundraising $10
15 · Royalties

total $0
16 · Occupancy

total $1,283,229 · program services $134,707 · management and general $1,132,980 · fundraising $15,542
17 · Travel

total $1,649,692 · program services $1,316,629 · management and general $248,610 · fundraising $84,453
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $802,279 · program services $681,946 · management and general $77,112 · fundraising $43,221
20 · Interest

total $239,014 · program services $236,134 · management and general $2,880
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $263,748 · program services $190,038 · management and general $73,116 · fundraising $594
23 · Insurance

total $218,824 · program services $139,150 · management and general $78,971 · fundraising $703
24a · Other expenses: BAD DEBT EXPENSE

total $1,766,417 · program services $1,766,417
24b · Other expenses: DUES & SUBSCRIPTIONS

total $270,902 · program services $151,403 · management and general $111,136 · fundraising $8,363
24c · Other expenses: TAXES AND PENALTIES

total $156,842 · program services $104,680 · management and general $51,941 · fundraising $221
24d · Other expenses: OTHER EXPENSES

total $71,533 · program services $4,556 · management and general $65,610 · fundraising $1,367
24e · All other expenses

total $58,716 · program services $35,157 · management and general $23,490 · fundraising $69

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $14,732,078 · end of year $10,928,437
2 · Savings and temporary cash investments

beginning of year $5,058,283 · end of year $4,470,620
3 · Pledges and grants receivable

beginning of year $16,653,642 · end of year $19,663,416
4 · Accounts receivable

beginning of year $0 · end of year $0
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 $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1,217,555 · end of year $1,387,524
10a · Land, buildings and equipment: cost or other basis

$3,698,876
10b · Land, buildings and equipment: accumulated depreciation

$2,975,547
10c · Land, buildings and equipment, net

beginning of year $879,846 · end of year $723,329
11 · Investments: publicly traded securities

beginning of year $50,335,179 · end of year $53,043,820
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $479,093 · end of year $6,625,443
17 · Accounts payable and accrued expenses

beginning of year $3,402,033 · end of year $4,821,104
18 · Grants payable

beginning of year $7,385,803 · end of year $6,924,990
19 · Deferred revenue

beginning of year $0 · end of year $0
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 $0 · end of year $0
25 · Other liabilities

beginning of year $1,218,826 · end of year $9,894,929
27 · Net assets without donor restrictions

beginning of year $14,612,332 · end of year $6,587,696
28 · Net assets with donor restrictions

beginning of year $62,736,682 · end of year $68,613,870

Mission and programs · 2023

Mission

THE CREATION OF AN ASSOCIATION OF THE WORLD'S LEADING SOCIAL ENTREPRENEURS - MEN AND WOMEN WITH SYSTEM-CHANGING SOLUTIONS FOR THE WORLD'S MOST URGENT SOCIAL PROBLEMS - AND FOSTERING A GLOBAL CULTURE OF EVERYONE BEING A CHANGEMAKER FOR THE GOOD OF ALL.

Activities or mission (Part I)

MOBILIZE A MOVEMENT TO BUILD AN "EVERYONE A CHANGEMAKER" WORLD.

ONE SEARCH: FINDING, SELECTING AND SUPPORTING THE WORLD'S LEADING SOCIAL ENTREPRENEURS, NEXT GENERATION LEADERS, AND YOUNG CHANGEMAKERS.

Expenses $7,244,803 · Grants $2,881,375 · Revenue $199,277
ONE COMMUNITY: BRINGING THE FULL ASHOKA COMMUNITY TOGETHER TO SUPPORT EACH OTHER AND COLLECTIVELY SOLVE PROBLEMS.

Expenses $12,744,635 · Grants $1,331,431 · Revenue $350,556
EACH/NEW PURPOSES: BUILDING MOVEMENTS OF CHANGEMAKERS TO ADVANCE SOCIETY WHERE THE WORLD MOST NEEDS TO CHANGE.

Expenses $13,756,089 · Grants $2,739,770 · Revenue $378,377

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Diana WellsDIANA WELLS

President Emeritus

Total calculated

$213,507

From this org

$183,176

From related orgs

$0

Other

$30,331

Hours/week

40 + 5 related

Schedule J breakdown matched by us

Base

$168,382

Bonus

$14,794

Other

$0

Deferred

$30,000

Nontaxable benefits

$331

Filer's total

$213,507
Emily LawsonEMILY LAWSON

Leader, Change/Build CTR Team

Total calculated

$199,498

From this org

$189,981

From related orgs

$0

Other

$9,517

Hours/week

40 + 5 related

Schedule J breakdown matched by us

Base

$152,133

Bonus

$37,848

Other

$0

Deferred

$0

Nontaxable benefits

$9,517

Filer's total

$199,498
Claire Fallender

Director, Global LeadYoung Ini

Total calculated

$168,805

From this org

$168,140

From related orgs

$0

Other

$665

Hours/week

40 + 5 related

Schedule J breakdown matched by us

Base

$156,292

Bonus

$11,848

Other

$0

Deferred

$0

Nontaxable benefits

$665

Filer's total

$168,805
Conrad CarterCONRAD CARTER

LEADERSHIP GROUP MEMBER

Total calculated

$165,763

From this org

$165,763

From related orgs

$0

Other

$0

Hours/week

40 + 5 related

Schedule J breakdown matched by us

Base

$165,763

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$165,763
Lisa DavisLISA DAVIS

VP of Integrity

Total calculated

$156,417

From this org

$118,448

From related orgs

$0

Other

$37,969

Hours/week

40 + 5 related

Schedule J breakdown matched by us

Base

$111,382

Bonus

$7,066

Other

$0

Deferred

$12,502

Nontaxable benefits

$25,467

Filer's total

$156,417
Njideka HarryNJIDEKA HARRY

LEADERSHIP GROUP MEMEBER

Total calculated

$156,258

From this org

$156,258

From related orgs

$0

Other

$0

Hours/week

40 + 5 related

Schedule J breakdown matched by us

Base

$156,258

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$156,258
William DraytonWILLIAM DRAYTON

CEO

Total calculated

$144,952

From this org

$119,174

From related orgs

$0

Other

$25,778

Hours/week

40 + 5 related
Konstanza FrischenKONSTANZA FRISCHEN

Tech & Humanity Advisor

Total calculated

$139,657

From this org

$126,255

From related orgs

$0

Other

$13,402

Hours/week

40 + 5 related
Tope Fajingbesi

CFO

Total calculated

$132,647

From this org

$107,672

From related orgs

$0

Other

$24,975

Hours/week

40 + 5 related
Kyle Zimmer

Director (THRU 07/24)

Total calculated

$0

Hours/week

2
Sara Horowitz

Director (THRU 07/24)

Total calculated

$0

Hours/week

2
Felipe Vergara

Director (THRU 07/24)

Total calculated

$0

Hours/week

2
Sushmita Gosh

Director

Total calculated

$0

Hours/week

2
Roger Harrison

Director

Total calculated

$0

Hours/week

2
Mary Gordon

Director

Total calculated

$0

Hours/week

2
Fred Hehuwat

Director

Total calculated

$0

Hours/week

2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

YOUTH VENTURE INC

$2,108,294

DEVELOPING YOUTH

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

GET AMERICA WORKING INC

501(C)(3) · SEE PART VII · VA · controlled entity

Directly controlled by ASHOKA
ASHOKA CANADA

SEE PART VII · CA · controlled entity

Directly controlled by ASHOKA

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.

ASHOKA LLC

SEE PART VII · DE · income $223,694 · assets $579,331

Directly controlled by ASHOKA
ASHOKA EMPREDENDORES SOCIALES ASOCI

SEE PART VII · AR · income $843,007 · assets $308,068

Directly controlled by ASHOKA
ASHOKA GEMEINNUTZIGE GMBH

SEE PART VII · AU · income $1,629,960 · assets $822,884

Directly controlled by ASHOKA
ASHOKA BRASIL

SEE PART VII · BR · income $1,405,316 · assets $619,698

Directly controlled by ASHOKA
FUNDACION DE LIDERAZGO SOCIAL ASHOKA

SEE PART VII · CI · income $425,364 · assets $239,994

Directly controlled by ASHOKA
ASHOKA EAST AFRICA (KENYA)

SEE PART VII · KE · income $675,755 · assets $181,111

Directly controlled by ASHOKA
ASHOKA FRANCE

SEE PART VII · FR · income $2,181,649 · assets $1,261,294

Directly controlled by ASHOKA
ASHOKA DEUTSCHLAND

SEE PART VII · GM · income $2,140,762 · assets $2,613,979

Directly controlled by ASHOKA
ASHOKA INDIA

SEE PART VII · IN · income $884,479 · assets $755,437

Directly controlled by ASHOKA
ASHOKA INDONESIA

SEE PART VII · ID · income $403,257 · assets $215,746

Directly controlled by ASHOKA
ASHOKA ITALIA

SEE PART VII · IT · income $1,137,707 · assets $477,028

Directly controlled by ASHOKA
ASHOKA JAPAN

SEE PART VII · JA · income $125,097 · assets $320,741

Directly controlled by ASHOKA
ASHOKA KOREA

SEE PART VII · KS · income $12,132 · assets $315,532

Directly controlled by ASHOKA
ASHOKA MEXICO (ASHOKA EMPRENDEDORES SOCI

SEE PART VII · MX · income $785,226 · assets $236,428

Directly controlled by ASHOKA
ASHOKA NETHERLANDS (STICHTING ASHOKA)

SEE PART VII · NL · income $1,490,401 · assets $1,254,338

Directly controlled by ASHOKA
ASHOKA PHILIPPINES

SEE PART VII · RP · income $46,669 · assets $34,545

Directly controlled by ASHOKA
ASHOKA POLAND

SEE PART VII · PL · income $1,314,671 · assets $1,664,983

Directly controlled by ASHOKA
ASHOKA SINGAPORE AND MALAYSIA

SEE PART VII · SN · income $111 · assets -$98,346

Directly controlled by ASHOKA
ASHOKA ESPANA (FUNDACION ASHOKA EMPRENDE

SEE PART VII · SP · income $5,260,902 · assets $4,329,123

Directly controlled by ASHOKA
ASHOKA NORDICS (FKA ASHOKA SWEDEN)

SEE PART VII · SW · income $345,929 · assets $1,515,771

Directly controlled by ASHOKA
ASHOKA SWITZERLAND (FONDATION ASHOKA SUI

SEE PART VII · SZ · income $1,421,017 · assets $816,821

Directly controlled by ASHOKA
ASHOKA THAILAND

SEE PART VII · TH · income $27,490 · assets -$38,251

Directly controlled by ASHOKA
ASHOKA VAKFI (ASHOKA FOUNDATION)

SEE PART VII · TU · income $325,421 · assets $179,911

Directly controlled by ASHOKA
ASHOKA UK & IRELAND

SEE PART VII · UK · income $3,635,086 · assets $2,649,789

Directly controlled by ASHOKA
ASOCIACION CIVIL ASHOKA - VENEZEULA

SEE PART VII · VE · income $711 · assets $24,396

Directly controlled by ASHOKA
ASOCIACION ASHOKA - COLOMBIA

SEE PART VII · CO · income $153,012 · assets $120,226

Directly controlled by ASHOKA
FUNDATIA ASHOKA

SEE PART VII · RO · income $212,938 · assets $347,964

Directly controlled by ASHOKA
ASHOKA ISRAEL

SEE PART VII · IS · income $25,887 · assets $0

Directly controlled by ASHOKA
ASHOKA ARAB WORLD

SEE PART VII · EG · income $2,765,118 · assets $3,642,847

Directly controlled by ASHOKA
ASHOKA BELGIUM

SEE PART VII · BE · income $927,279 · assets $758,648

Directly controlled by ASHOKA

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 July 2025
IRS schema version: 2023v6.0
Source object: 202531969349303013

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