Vedics Foundation
- Assets
- $717.6k
- Revenue
- $59.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Chantilly, VA
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 01-0783522
Organization Overview
Vedics Foundation is located in Chantilly, VA. The organization was established in 2004. According to its NTEE Classification (X70) the organization is classified as: Hinduism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vedics Foundation 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 12/2021, Vedics Foundation generated $59.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $33.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS ORGANIZATION THAT FACILITATE AND SUPPORT HINDU RELIGIOUS PRINCIPLES IN US AND IN INDIA BY CONDUCTIONG CLASSESS AND EVENTS FOR TAMIL AND SANSKRIT VEDAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED TEMPLE COMMUNITIES WORLD WIDE INCLUDING SUPPORT FOR COWS, PROVIDED SRI VAISHNAVA RELATED EDUCTAION WORLD WIDE. CONDUCTED CLASSES TO SPREAD THE WORLDS OF AZHWARS, ACHARYAS WORLD WIDE. CONDUCTED ONLINE CLASSES AND WEEKEND LECTURE SESSIONS WITH LECTURES FROM INDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Venkat Sundarakrishnan Secretary | Officer | 4 | $0 |
Vidya Raghavan Secretary | Officer | 4 | $0 |
Balaji Thirumalai Treasurer | Officer | 4 | $0 |
Sundar Saranathan President | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,724 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,518 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $59,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,144 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,566 |
| Office expenses | $3,653 |
| Information technology | $39 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $33,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $717,598 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $717,598 |
| Total liabilities and net assets/fund balances | $717,598 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vedics Foundation has recieved totaling $7,505.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,505 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maharishi Purusha Program Romney, WV | $5,218,351 | $2,508,004 |
Meenakshi Inc Potomac, MD | $91,114 | $230,004 |
Lps Of Usa Inc Brentwood, TN | $3,070,464 | $858,908 |
Sri Satyanarayanswamy Seva Sannidhi Ashburn, VA | $738,171 | $546,044 |
Dc Metro Saisamsthan Inc Germantown, MD | $2,557,143 | $672,030 |
Sri Shirdi Saibaba Mandir Of North Carolina Cary, NC | $3,731,652 | $616,208 |
Hindu Temple Of Va Balaji Temple Sterling, VA | $1,966,133 | $270,057 |
Cultural Center Of India Richmond Virginia Richmond, VA | $1,317,681 | $144,178 |
Jain Society Of Central Virginia Glen Allen, VA | $4,295,971 | $116,343 |
Bhartiya Temple & Cultural Center Inc Lexington, KY | $2,748,813 | $203,868 |
Hindu Bhavan Fayetteville, NC | $1,942,513 | $167,363 |
Brahm Madhya Gaudiya Vaishnav Socity Inc Baltimore, MD | $162,075 | $0 |