EDUCATE LANKA FOUNDATION INC

EIN: 261472911 501(c)(3) Education

Gaithersburg, MD

Total Revenue
$100,193
Total Expenses
$261,021
Total Assets
$283,971
Net Assets
$282,431
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MD
Principal Officer
Manjula Dissanayake
Phone
2404608491
Tax Period
2023-01-01 to 2023-12-31

EDUCATE LANKA FOUNDATION INC, founded in 2007, is a small nonprofit in the Education sector that reported $100K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $261K exceeded revenue, resulting in a 161% operating deficit.

Mission

With a firm belief and realization that while talent is universal, opportunity is not, Educate Lanka envisions a world in which opportunities are universal for everyone. It strides towards its vision of democratizing opportunity and unearthing talent and potential of every student by creating a pathway of opportunities that empowers the socioeconomically marginalized with enhanced access to quality and equitable learning, skills, and employment.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,837
Program Service Revenue $72,679
Investment Income $4,532
Other Revenue $145
TOTAL REVENUE $100,193

Expense Breakdown

Grants Paid $72,243
Salaries & Benefits $160,720
Fundraising Expenses $32,215
Program Expenses $206,700
Other Expenses $28,058
TOTAL EXPENSES $261,021

Year-over-Year Comparison

2023 2022 Change
Revenue $100,193 $133,635 -0.3%
Expenses $261,021 $213,200 +0.2%
Net Income $-160,828 $-79,565 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
4
$125,000
Key Employees
1
$125,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Manjula Dissanayake Executive Director 60
Director Key Emp Highest
$125,000 $0 $125,000
Madhujith Hapuarachchi Director 10
Director
$0 $0 $0
Hasika Pamunuwa Director 5
Director
$0 $0 $0
Rasan Amintha Director 5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $100,193 $261,021 $283,971 $-160,828
2022 $133,635 $213,200 $441,063 $-79,565
2021 $79,855 $119,267 $526,555 $-39,412
2020 $599,714 $87,946 $567,848 $511,768
2018 $83,513 $122,610 $33,108 $-39,097
Explore More Nonprofits
Top 100 Nonprofits in Maryland Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare EDUCATE LANKA FOUNDATION INC with other nonprofits in Maryland and across the country.