Sai Aashraya Inc
- Assets
- $98.5k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-1983198
Organization Overview
Sai Aashraya Inc is located in Sunnyvale, CA. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sai Aashraya 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, Sai Aashraya Inc generated $1.8m in total revenue. All expenses for the organization totaled $2.4m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE INDIVIDUALS AND COMMUNITIES IN THE AREAS OF FOOD & NUTRITION, HEALTH, EDUCATION AND SOCIAL WELFARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD A 220-BED SUPER SPECIALTY HOSPITAL IN VEMAGAL DISTRICT, KARNATAKA, INDIA WITH PRIMARY FOCUS ON MOTHER & CHILD CARE (OBGYN) AND ADULT & CHILDREN CARDIAC CARE. THE HOSPITAL CAMPUS HOSTS FOUR BLOCKS - HOSPITAL BLOCK, KITCHEN & NURSES BLOCK, ATTENDANTS ACCOMMODATION BLOCK AND DOCTORS ACCOMMODATION BLOCK. ALL SERVICES IN THE HOSPITAL (DIAGNOSTICS, TREATMENT & SURGERY, MEDICINES AND POST-TREATMENT CARE) WILL BE PROVIDED FOR FREE TO PEOPLE IN UNDER-SERVED COMMUNITIES AND FROM UNDER-SERVED LOCATIONS; FOOD AND ACCOMMODATION FOR THE PATIENTS, ATTENDANTS, DOCTORS AND STAFF WILL BE PROVIDED FOR FREE IN THE CAMPUS. THE GRANT FACILITATED THE ONGOING RAPID CONSTRUCTION OF THE HOSPITAL AND THE ALLIED BUILDINGS. BY THE END OF 2022, NEARLY 40% OF THE CONSTRUCTION HAVE BEEN COMPLETED. THE EXPECTED COMMISSIONING OF THE HOSPITAL IS ENVISAGED TO BE IN THE SECOND HALF OF 2023. UNIQUELY, ALL CONSTRUCTION STAFF ARE GIVEN ACCOMMODATION, FOOD AND MEDICAL ATTENTION FOR FREE, AS THEY WORK ON THIS TEMPLE OF HEALING (HOSPITAL).
PROVIDE FOOD & NUTRITION 24/7 TO THE MOST UNDER-SERVED COMMUNITIES & IN UNDER-SERVED LOCATIONS. POST COVID, WE HAVE RESUMED AND EXPANDED OUR SCHOOLS AND LOCATIONS. OVER 5 MILLION MEALS HAVE BEEN SERVED FOR FREE FROM BREAKFAST FOR SCHOOL GOING CHILDREN AND CHILDREN FROM IMPOVERISHED NEIGHBORHOODS TO MIDNIGHT FOOD SERVICE FOR TRUCK DRIVERS AT HIGHWAY CHECKPOSTS.
PROVIDE MEDICAL CARE, EDUCATION AND SOCIAL WELFARE (VILLAGE ADOPTION) FOR THE UNDER-SERVED COMMUNITIES IN UNDER-SERVED LOCATIONS. TREATED OVER 75,000 PATIENTS THROUGH MEDICAL CAMPS, SERVING, CHILDREN TO THE ELDERLY IN IMPOVERISHED & LEPROSY AFFLICTED COMMUNITIES AND IN UNDERSERVED LOCATIONS LIKE ARUNACHAL PRADESH (AT 14,000FT ABOVE SEA-LEVEL); ADOPTED SIX SCHOOLS, SIX VILLAGES AND PROVIDED ALL ESSENTIAL HOUSEHOLD NEEDS, ASSISTANCE WITH EDUCATION, SKILLS TRAINING AND JOBS PLACEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sai Prasad Venkatachalam Founder & President | OfficerTrustee | 80 | $0 |
Sarika Dhareshwar Co-Founder | OfficerTrustee | 80 | $0 |
Aruna Narayanan Secretary | Officer | 30 | $0 |
Venkatraman Kalyanasundaram Treasurer | Officer | 30 | $0 |
Ramesh Lakshminarayanan Director | Officer | 20 | $0 |
Dinesh Swaminathan | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $293,642 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,461,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,755,093 |
| Total Program Service Revenue | $0 |
| Investment income | $290 |
| 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 | $1,755,383 |
| 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 | $2,364,032 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $20,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,385,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,072 |
| 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 | $36,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,544 |
| 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 | $98,544 |
| 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 | $98,544 |