Preheat oven to 350ºF. Spray a donut pan with nonstick spray; set aside.
In a large mixing bowl whisk together the dry ingredients.
In a medium sized bowl whisk together the wet ingredients until combined then slowly add the wet ingredients to the dry, whisking until no lumps remain.
Spoon the batter into the donut pan filling each one half way.
Bake in the preheated oven for 10-12 minutes or until a toothpick comes out clean.
Allow donuts to cool while you make the glaze.
To make the glaze
In a wide-rimmed microwave-safe bowl heat the chocolate chips and vegetable shortening together in 30 second increments until melted and smooth, whisking to combine.
Once the donuts have cooled for about 20 minutes, dip each one in the glaze then dip in a wide rimmed bowl of sprinkles placing on a cooling rack or cookie sheet to set. Allow donuts to set for about 5-10 minutes.