Vedanta Institute Of Midwest is located in West Bloomfield, MI. The organization was established in 2011. 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. Vedanta Institute Of Midwest 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 Institute Of Midwest generated $192.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $182.0k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATIONAL EXCELLENCE THROUGH GRANTS, FUNDING AND FINANCIAL ASSISTANCE TO STUDENTS, INSTITUTIONS AND OTHER ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL CLASSES AND LECTURE SERIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amit Kinikar Treasurer | Officer | 20 | $0 |
Vinod Mohey President | Officer | 2 | $0 |
Kishore Ahuja Secretary | Officer | 2 | $0 |
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 | $192,050 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $192,050 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $192,050 |
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. | $37,400 |
Compensation of current officers, directors, key employees. | $37,400 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $3,100 |
Payroll taxes | $2,352 |
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 | $1,954 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $18,900 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,063 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $23,176 |
Insurance | $1,228 |
All other expenses | $2,300 |
Total functional expenses | $181,981 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $208,089 |
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 | $297,265 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $505,354 |
Accounts payable and accrued expenses | $655 |
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 | $655 |
Net assets without donor restrictions | $0 |
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 | $504,699 |
Total liabilities and net assets/fund balances | $505,354 |
Over the last fiscal year, we have identified 1 grants that Vedanta Institute Of Midwest has recieved totaling $5.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Organization Name | Assets | Revenue |
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Sri Venkateswara Temple And Cultural Center Inc Novi, MI | $9,532,283 | $1,566,288 |
Greater Cleveland Shiva - Vishnu Temple Inc Parma, OH | $5,485,873 | $582,695 |
Sree Venkateswara Temple Of Cleveland Richfield, OH | $5,604,828 | $808,668 |
India Heritage Foundation Cleveland, OH | $4,415,709 | $1,182,400 |
Sri Sai Baba Temple Society Of Ohio Lewis Center, OH | $5,445,218 | $819,140 |
Jain Society Of Greater Detroit Inc Farmington Hills, MI | $4,925,150 | $611,643 |
Sikh Temple Of Wisconsin Inc Oak Creek, WI | $3,824,155 | $397,946 |
Sri Balaji Temple Of Great Lakes West Bloomfield, MI | $1,251,124 | $421,828 |
Singh Sabha Of Michigan Canton, MI | $2,353,278 | $286,456 |
Vedanta Institute Of Midwest West Bloomfield, MI | $505,354 | $192,050 |
Wisconsin Shirdi Sai Pewaukee, WI | $1,193,414 | $356,189 |
Shirdi Sai Society Of Troy Rochester, MI | $614,813 | $277,599 |