Vedic Educational And Devotional Academy is located in Milpitas, CA. The organization was established in 2007. According to its NTEE Classification (X70) the organization is classified as: Hinduism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Vedic Educational And Devotional Academy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vedic Educational And Devotional Academy 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, Vedic Educational And Devotional Academy generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPART HINDU VEDIC EDUCATION WHICH IS THE STUDY OF ANCIENT SANSKRIT SCRIPTURES TO THOSE WHO ARE INTERESTED, AND TO PROVIDE A PLACE OF WORSHIP FOR HINDU FOLLOWERS
Describe the Organization's Program Activity:
PROVIDE A PLACE OF WORSHIP FOR HINDU FOLLOWERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Naga Venkata Sastri Marepalli Chairman | Trustee | 40 | $108,586 |
Sri Kishore Kichili Vice President | Officer | 10 | $0 |
Sri Ravinder Ghankota Treasurer | Officer | 10 | $0 |
Sri Padmanabham Tadepalli Secretary | Officer | 10 | $0 |
Smt Asha Bhoompalam Joint Treasurer | Officer | 10 | $0 |
Sri Laxman Guduguntla Joint Secretary | Officer | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $72,441 |
All other contributions, gifts, grants, and similar amounts not included above | $1,817,217 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,889,658 |
Total Program Service Revenue | $0 |
Investment income | $74 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$33,536 |
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 | $1,856,196 |
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. | $108,586 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $491,933 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $34,839 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $24,644 |
Advertising and promotion | $25,840 |
Office expenses | $31,222 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $88,356 |
Travel | $3,569 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $45,994 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $96,948 |
Insurance | $35,865 |
All other expenses | $92,728 |
Total functional expenses | $1,399,293 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $188,596 |
Savings and temporary cash investments | $301,339 |
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 | $31,522 |
Net Land, buildings, and equipment | $5,739,631 |
Investments—publicly traded securities | $176 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,650 |
Total assets | $6,264,914 |
Accounts payable and accrued expenses | $100,873 |
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 | $1,530,371 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $81,640 |
Total liabilities | $1,712,884 |
Net assets without donor restrictions | $4,295,170 |
Net assets with donor restrictions | $256,860 |
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 | $6,264,914 |
Over the last fiscal year, we have identified 3 grants that Vedic Educational And Devotional Academy has recieved totaling $62,644.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $62,087 |
Yelp Foundation San Francisco, CA PURPOSE: MATCHING CONTRIBUTION MADE BY EMPLOYEE OF YELP, INC. | $385 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $172 |
Organization Name | Assets | Revenue |
---|---|---|
International Swaminarayan Satsang Organization Norwalk, CA | $67,125,410 | $11,122,147 |
Hindu Community And Cultural Center Livermore, CA | $29,918,422 | $6,891,698 |
Vedic Educational And Devotional Academy Milpitas, CA | $6,264,914 | $1,856,196 |
Shirdi Sai Darbar Cupertino, CA | $1,422,045 | $1,328,047 |
Hindu Educational And Cultural Society Of America Corp Portland, OR | $3,691,930 | $1,352,441 |
Shirdi Sai Parivaar Milpitas, CA | $8,061,083 | $887,614 |
Enlightened Living Enterprises Charitable Corp Kula, HI | $118,533 | $526,476 |
Sri Gaur Nitai Society Waialua, HI | $538,889 | $851,416 |
Pmht Inc Dublin, CA | $628,543 | $694,962 |
Leela Foundation Ashland, OR | $239,737 | $370,110 |
Hindu Mandir Society Of San Diego Inc San Diego, CA | $2,875,977 | $438,765 |
Mandir Irvine, CA | $1,455,296 | $672,084 |