Himalayan Academy
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Kapaa, HI
- Founding
- 03/1970
- Data as of
- 12/2023
- EIN
- 23-7062033
Organization Overview
Himalayan Academy is located in Kapaa, HI. The organization was established in 1970. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Himalayan 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 12/2023, Himalayan Academy generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 3.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HINDU RELIGIOUS EDUCATION. OUR MOST SIGNIFICANT ACTIVITIES INCLUDE: HINDUISM TODAY MAGAZINE, CREATION, SALES AND GIVEAWAY OF OUR HINDU PUBLICATIONS, LECTURES, TRAVEL STUDY PROGRAMS AND OTHER EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION SALES - SALES OF PUBLICATIONS ON HINDUISM PRODUCED BY HIMALAYAN ACADEMY. ESTIMATED PURCHASERS: 12,000.
OTHER PROGRAMS INCLUDE LECTURES, SEMINARS, CORRESPONDENCE STUDY, AND TRAVEL STUDY PROGRAMS - TEACHINGS ON VARIOUS ASPECTS OF HINDUISM. ESTIMATED ATTENDANCE: 10,000.
HINDUISM TODAY - A QUARTERLY INTERNATIONAL MAGAZINE REPORTING ON CURRENT GLOBAL EVENTS IN HINDUISM, HINDU TEACHINGS AND RELATED SUBJECTS. ESTIMATED WORLDWIDE READERSHIP: 130,000.
GIVEAWAY PUBLICATIONS - DISTRIBUTION OF FREE HINDU PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Swami Bodhinatha Veylan President | OfficerTrustee | 2 | $0 |
Rev Swami Sadasivanatha Palani Vice President | OfficerTrustee | 2 | $0 |
Rev Swami Sivanatha Ceyon Secretary/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $97,857 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,883 |
| Total Program Service Revenue | $861,939 |
| Investment income | $7,472 |
| 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 | $1,166,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $1,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,383 |
| Advertising and promotion | $3,580 |
| Office expenses | $51,975 |
| Information technology | $21,054 |
| Royalties | $0 |
| Occupancy | $33,990 |
| Travel | $82,497 |
| 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 | $624,577 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,800 |
| All other expenses | $0 |
| Total functional expenses | $1,348,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $820,362 |
| 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 | $534,917 |
| 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 | $1,355,279 |
| Accounts payable and accrued expenses | $218,943 |
| Grants payable | $0 |
| Deferred revenue | $25,332 |
| 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 | $244,275 |
| Net assets without donor restrictions | $1,111,004 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,355,279 |