Vedanta Cultural Foundation Usa Inc

Organization Overview

Vedanta Cultural Foundation Usa Inc is located in Somerset, NJ. The organization was established in 2003. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Vedanta Cultural Foundation USA Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vedanta Cultural Foundation USA 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 12/2022, Vedanta Cultural Foundation USA Inc generated $785.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $501.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROPAGATION OF ANCIENT PHILOSOPHICAL WISDOM FOR THE BENEFIT OF HUMANITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEMINAR AND DISCUSSION FORUM TO THE SURROUNDING COMMUNITY BY QUALIFIED TEACHERS ON A PERIODIC AND CONTINUED BASIS ON ENHANCING VALUES IN PEOPLE THROUGH THE TEACHNGS OF PHILOSOPHICAL WISDOM.


DISTRIBUTION OF BOOKS, CD'S, LEARNING MATERIALS AND OTHER FORMS OF MEDIA ON INSTILLING HIGHER VALUES IN PEOPLE AND COMMUNITY THROUGH THE TEACHINGS OF PHILOSOPHICAL WISDOM.


SEMINARS TO CORPORATIONS AND UNIVERSITIES ON INCREASING PRODUCTIVITY, REDUCTION OF WORK PLACE STRESS AND HIGHER VALUES THROUGH THE TEACHINGS OF PHILOSOPHICAL WISDOM.


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Board, Officers & Key Employees

Name (title)Compensation
Ritika G Jain
Vice President
$15,000
Sanjay Pingle
President
$0
Devananda M Kini
Director
$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$706,782
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$706,782
Total Program Service Revenue$63,287
Investment income $12,480
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 $785,158

Grants Awarded

Over the last fiscal year, Vedanta Cultural Foundation Usa Inc has awarded $163,500 in support to 3 organizations.

Grant RecipientAmount

VEDANTA INSTITUTE HOUSTON

|

|

$50,000

VEDANTA INSTITUTE LA

|

|

$57,000

VEDANTA INSTITUTE MID WEST

|

|

$56,500
View Grant Profile

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