Ramakrishna Ashrama
- Assets
- $2.3m
- Revenue
- $67.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2007
- Data as of
- 09/2023
- EIN
- 20-5969417
Organization Overview
Ramakrishna Ashrama is located in Los Angeles, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ramakrishna Ashrama 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 09/2023, Ramakrishna Ashrama generated $67.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $421.4k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH AND MAINTAIN VEDANTA HOUSES OF WORSHIP, AND FACILITIES NECESSARY TO HOUSE CLERGY WHO WILL CONDUCT WORSHIP AND RELIGIOUS INSTRUCTION IN THESE HOUSES OF WORSHIP; ORGANIZE AND OFFER CLASSES ETC. PROVIDING INSTRUCTION IN RELIGION AND RELIGIOUS PHILOSOPHY; PROMOTE HARMONY OF RELIGIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHING AND MAINTAINING VEDANTA HOUSES OF WORSHIP AND VEDANTA PARSONAGES, AND CONDUCTING RELIGIOUS CLASSES, MEETINGS, WORSHIP, AND FESTIVALS AT THESE HOUSES, AND OTHER CHARITABLE PURPOSES. IN FISCAL YEAR 2022, WE GRANTED $14,093 TO VIVEKANANDA RETREAT, RIDGELY, FOR THEIR OPERATING EXPENSES, AND GRANTED A BUILDING VALUED AT $393,777 TO THE VIVEKANANDA VEDANTA CENTER, CONNECTICUT, WHICH IS THEIR HOUSE OF WORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Swami Sarvadevananda President | OfficerTrustee | 6 | $0 |
William A Scott III Secretary | OfficerTrustee | 0.2 | $0 |
Swami Mahayogananda Treasurer | OfficerTrustee | 1 | $0 |
Rini Ghosh Director | Trustee | 0.2 | $0 |
Prasenjeet Sarkar Director | Trustee | 0.2 | $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 | $5,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,229 |
| Total Program Service Revenue | $0 |
| Investment income | $64,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $407,870 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,312 |
| Fees for services: Other | $136 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $49 |
| 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 | $421,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217 |
| Savings and temporary cash investments | $16,016 |
| 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 | $120,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,065,623 |
| Investments—publicly traded securities | $1,069,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,271,634 |
| 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 | $1,206,011 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,065,623 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,271,634 |
Grants Awarded
Over the last fiscal year, Ramakrishna Ashrama has awarded $407,870 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VIVEKANANDA VEDANTA CENTER CONNECTICUT INC PURPOSE: This house of worship was purchased by us in October of 2021, and was granted to the local organization in October of 2022, to serve as a religious center and house of worship for the community. | $393,777 |
VIVEKANANDA RETREAT RIDGELY PURPOSE: To assist the Vivekananda Retreat with its operating expenses, including maintaining historic buildings which are used for religious retreats. | $14,093 |