Usha Kiran Foundation

Nonprofit profile at a glance

EIN
332624451
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Blacksburg, VA, USA
Rating
28
Verdict
REVIEW
Rating confidence
Limited
Sector
Public Foundations

Reported finances

Revenue
$2,000,000
Expenses
$0
Assets
$2,000,000
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • NIKHIL KANODIA (President)

People named in this filing

  • NIKHIL KANODIA (President)
  • JEFFERY MITCHELL (Director)
  • PREM BAJAJ (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote and support youth education and empowerment. The Organization will focus on developing and supporting initiatives that encourage education and educational opportunities, and our goal will be to empower young people by supporting educational opportunities for them. An important, but not exclusive focus of the Organization will be to support and provide educational opportunities to young girls and the children of Gold Star families.We plan to support and encourage vocational and skills training educational opportunities in the fields of cybersecurity, healthcare, software engineering, and more.The Organization will be funded by donations, and expenses related to the fundraising will be limited to minimal administrative costs, as it is anticipated that the volunteers will personally bear the cost of raising funds through personal solicitation.Our activities promote the charitable and educational exempt purposes of the Organization by promoting and supporting all types of educat

What it reported doing in 2024

To promote and support youth education and empowerment. The Organization will focus on developing and supporting initiatives that encourage education and educational opportunities, and our goal will be to empower young people by supporting educational opportunities for them. An important, but not exclusive focus of the Organization will be to support and provide educational opportunities to young girls and the children of Gold Star families.We plan to support and encourage vocational and skills training educational opportunities in the fields of cybersecurity, healthcare, software engineering, and more.The Organization will be funded by donations, and expenses related to the fundraising will be limited to minimal administrative costs, as it is anticipated that the volunteers will personally bear the cost of raising funds through personal solicitation.Our activities promote the charitable and educational exempt purposes of the Organization by promoting and supporting all types of educational opportunities and resources for youth.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 0
  • Sustainability: 11
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 0 of 3 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 6 not reported.