Sikhnet Inc
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Santa Cruz, NM
- Founding
- 06/2010
- Data as of
- 06/2022
- EIN
- 26-4806284
Organization Overview
Sikhnet Inc is located in Santa Cruz, NM. The organization was established in 2010. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Sikhnet Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sikhnet Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sikhnet Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $829.9k during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gurumustuk S Khalsa Former Executive Director | 40 | $122,231 | |
Kaylee Spinhirn CFO | Officer | 40 | $76,597 |
Ek Ong Kaur Khalsa Michaud CEO | Officer | 30 | $23,258 |
Gurusevak Singh Khalsa Treasurer | Trustee | 20 | $0 |
Supreet Singh Manchanda Chairman | Trustee | 40 | $0 |
Harbjajan Singh Khalsa Director | Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jaspreet Singh Mobile App Development | 6/29/22 | $0 |
Harijot S Khalsa Audio Stories Production | 6/29/22 | $0 |
Hargobind S Khalsa Web Development | 6/29/22 | $0 |
Danielle C Knight Graphic Design | 6/29/22 | $0 |
Holly M Neill Website Content | 6/29/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,183,524 |
| Noncash contributions included in lines 1a–1f | $1,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,183,524 |
| Total Program Service Revenue | $10,779 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,170,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,855 |
| Compensation of current officers, directors, key employees. | $99,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,300 |
| Payroll taxes | $28,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,445 |
| Fees for services: Accounting | $16,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $837 |
| Fees for services: Other | $61,870 |
| Advertising and promotion | $26,675 |
| Office expenses | $35,158 |
| Information technology | $217,965 |
| Royalties | $0 |
| Occupancy | $6,581 |
| Travel | $2,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $958 |
| Insurance | $1,496 |
| All other expenses | $0 |
| Total functional expenses | $829,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,039,773 |
| Savings and temporary cash investments | $260,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $437 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,923 |
| Net Land, buildings, and equipment | $2,116 |
| Investments—publicly traded securities | $261,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,474 |
| Total assets | $1,583,772 |
| Accounts payable and accrued expenses | $37,954 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,954 |
| Net assets without donor restrictions | $1,545,818 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,583,772 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sikhnet Inc has recieved totaling $29,454.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,046 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $5,258 |
Sikh Spirit Foundation San Antonio, TX PURPOSE: DONATION | $5,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,050 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Focus On The Family Colorado Springs, CO | $63,186,147 | $86,542,406 |
Urban Alternative Desoto, TX | $25,928,705 | $23,526,113 |
Revelations In Christ Ministries Englewood, CO | $456,759 | $2,775,394 |
Oral Roberts Evangelistic Association Tulsa, OK | $7,780,573 | $6,644,717 |
World Bible School Incorporated Cedar Park, TX | $7,160,028 | $5,088,787 |
In Search Of The Lords Way Inc Edmond, OK | $2,835,232 | $4,061,102 |
Blessing To The Nations Arvada, CO | $355,652 | $2,355,166 |
Revelation Media Inc Richardson, TX | $2,417,781 | $2,935,513 |
Shalom Media Usa Inc Edinburg, TX | $2,445,045 | $3,547,883 |
From His Heart Ministries Texarkana, TX | $1,184,995 | $2,170,555 |
Dance Revolution Inc Southlake, TX | $643,476 | $1,970,172 |
84000 Boulder, CO | $13,241,624 | $2,974,164 |