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Nonprofiteer
← SIKHNET INC

Form 990 for tax year 2022

Filed by SIKHNET INC.

Totals

Total revenue
$1,016,536
Total expenses
$1,065,316
Contributions and grants received
$980,501
Grants paid
$557
Program service revenue
$10,011
Investment income
$11,876
Other revenue
$14,148
Total assets, end of year
$1,535,507
Total liabilities, end of year
$38,469
Net assets or fund balances, end of year
$1,497,038
Program services expenses (Part IX)
$328,188
Management and general expenses
$591,064
Fundraising expenses
$146,064
Program service expenses (Part III)
$328,188

Program services were 30.8% 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

    $980,501

  • 1g · Noncash contributions included above

    $4,068

  • 2a · Program service revenue: EE-Commerce

  • 2b · Program service revenue: Matrimonial Revenue

    total $5,746 · excluded $5,746

  • 2c · Program service revenue: Network Service Fees

    total $4,265 · related or exempt $4,265

  • 2d · Program service revenue: Web Hosting

  • 3 · Investment income

    total $11,876 · excluded $11,876

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Unrealized Gains on investments

    total $14,148 · related or exempt $14,148

  • 11e · Other revenue, total

    $14,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $557 · program services $557

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $176,782 · management and general $176,782

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $295,828 · program services $29,037 · management and general $168,496 · fundraising $98,295

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $34,755 · program services $26 · management and general $25,766 · fundraising $8,963

  • 10 · Payroll taxes

    total $37,832 · program services $2,231 · management and general $27,459 · fundraising $8,142

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $975 · management and general $975

  • 11c · Fees: accounting

    total $11,084 · management and general $11,084

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $955 · management and general $955

  • 11g · Fees: other

    total $100,392 · program services $85,143 · management and general $600 · fundraising $14,649

  • 12 · Advertising and promotion

    total $72,879 · management and general $71,796 · fundraising $1,083

  • 13 · Office expenses

    total $32,938 · management and general $32,938

  • 14 · Information technology

    total $258,576 · program services $211,194 · management and general $32,695 · fundraising $14,687

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,120 · management and general $1,120

  • 17 · Travel

    total $1,318 · management and general $1,318

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $385 · management and general $385

  • 23 · Insurance

    total $1,888 · management and general $1,888

  • 24a · Other expenses: Currency Exchange Loss

    total $31,914 · management and general $31,914

  • 24b · Other expenses: Gift Expense

    total $5,138 · management and general $4,893 · fundraising $245

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,039,773 · end of year $924,640

  • 2 · Savings and temporary cash investments

    beginning of year $260,824 · end of year $320,964

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $437 · end of year $820

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,923 · end of year $9,440

  • 10a · Land, buildings and equipment: cost or other basis

    $17,393

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,262

  • 10c · Land, buildings and equipment, net

    beginning of year $2,116 · end of year $3,131

  • 11 · Investments: publicly traded securities

    beginning of year $261,225 · end of year $270,024

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $8,474 · end of year $6,488

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,954 · end of year $38,469

  • 27 · Net assets without donor restrictions

    beginning of year $1,545,818 · end of year $1,497,038

Mission and programs · 2022

Mission

SikhNet provides free, easily accessible, and spiritually inspiring media that supports a Sikh lifestyle, and provides an inclusive platform for Sikhs to share their original creative work.SikhNet aspires to become the preferred global resource for spiritually uplifting Sikh media. We recruit original creative contributors outside of our core staff. We offer content in both English and Punjabi and aim to become a global distribution platform for Sikh content creators.

  • SikhNet is a global virtual community for Sikhs and all those interested in the Sikh way of life. We provide news, educational services, and educational materials on Sikhism. SikhNet also broadcasts temple services and devotional music over our Internet-based streaming services. We do this by providing spiritual education and resources in a non-judgmental, neutral environment intended to inspire and uplift all those who participate in it. SikhNet is a tax exempt 501(c)3 not-for-profit corporation in the USA operating exclusively for religious, charitable and educational purposes.

    Expenses $328,188

As filed on the 2022 return.

Listed in Part VII

  • Gurumustuk S Khalsa

    Former Executive Director

    Total calculated
    $163,177
    From this org
    $163,177
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,177
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $163,177
  • Kaylee Spinhirn

    Chief Financial Officer

    Total calculated
    $91,782
    From this org
    $91,782
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ek Ong Kaar Kaur Michaud

    Executive Director

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30
  • Frances Jessop Darshan Kaur

    Chief Development Officer

    Total calculated
    $70,926
    From this org
    $70,926
    From related orgs
    $0
    Other
    $0
    Hours/week
    34
  • Manraj Hallen

    Software Engineering Manager

    Total calculated
    $41,870
    From this org
    $41,870
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Amanpreet Singh

    Chief Analytics Officer

    Total calculated
    $29,588
    From this org
    $29,588
    From related orgs
    $0
    Other
    $0
    Hours/week
    35
  • Juhar Singh

    Chief Technical Officer

    Total calculated
    $7,389
    From this org
    $7,389
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Supreet Singh Manchanda

    Chairman

    Total calculated
    $0
    Hours/week
    60
  • GuruAmrit Singh Khalsa

    Secretary

    Total calculated
    $0
    Hours/week
    25
  • Harjot Kaur Singh

    Director

    Total calculated
    $0
    Hours/week
    35
  • Harbjajan Singh Khalsa

    Director

    Total calculated
    $0
    Hours/week
    20
  • Jujhar Singh

    Director

    Total calculated
    $0
    Hours/week
    24

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

  • 1b · Written policy on the line-1a expenses
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 8 · Paid under the initial-contract exception

Answered no

  • 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
  • 9 · Followed the rebuttable-presumption procedure

The filer's explanations (Part III)

Part I, Line 8: Amounts reported on 990 VII pursuant to initial contract exemption described in Regs
The organization entered into a termination agreement with the former employee.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202431359349312598

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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