Om Sri Sai Balaji Temple And Cultural Center Inc
- Assets
- $17.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Milltown, NJ
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-2530979
Organization Overview
Om Sri Sai Balaji Temple And Cultural Center Inc is located in Milltown, NJ. The organization was established in 2013. 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. Om Sri Sai Balaji Temple And Cultural Center 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 12/2021, Om Sri Sai Balaji Temple And Cultural Center Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $278.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD A HINDU TEMPLE AND CULTURAL CENTER MAINTAIN AND OPERATE A HINDU TEMPLE FOR WORSHIP ACCORDING TO HINDU RELIGIOUS PRACTICES THE TEMPLE IS EXPECTED TO BE IN OPERATION IN THE YEAR 2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEMPLE GROUND BREAKING AND THE CONSTRUCTION PROJECT WAS INAUGURATED DURING THE MID YEAR 2016 THE PHASE 1 CONSTRUCTION IS UNDER PROGRESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suryanarayana Maddula Trustee/president | OfficerTrustee | 30 | $0 |
Ramesh Taduvai Trustee/secretary | OfficerTrustee | 5 | $0 |
Ramakrishna Sannidhi Trustee/treasurer | OfficerTrustee | 20 | $0 |
Sreenivasa Gade Trustee/vice President | OfficerTrustee | 5 | $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 | $3,099,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,099,440 |
| Total Program Service Revenue | $0 |
| Investment income | $213 |
| 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 | $3,099,653 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $23,400 |
| 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 | $26,126 |
| 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 | $5,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,235 |
| All other expenses | $2,466 |
| Total functional expenses | $278,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,112 |
| Savings and temporary cash investments | $835,360 |
| 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 | $467,949 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,558,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,233,053 |
| Total assets | $17,554,858 |
| Accounts payable and accrued expenses | $128,560 |
| 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 | $128,560 |
| Net assets without donor restrictions | $17,426,298 |
| 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 | $17,554,858 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Om Sri Sai Balaji Temple And Cultural Center Inc has recieved totaling $106,951.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $78,291 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $14,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,308 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swaminarayan Aksharpith Inc Piscataway, NJ | $4,745,420 | $2,104,319 |
Sai Datta Mandir Inc Edison, NJ | $1,843,006 | $1,265,456 |
Vyo-Usa Inc Old Bridge, NJ | $4,493,964 | $1,749,451 |
Nori Foundation Inc Baldwin, NY | $6,279,359 | $1,115,588 |
Hindu Swayamsevak Sangh U S A Inc Rockaway, NJ | $5,547,867 | $1,298,753 |
Kanchi Kamakoti Seva Foundation Inc Manalapan, NJ | $404,508 | $890,419 |
Swaminarayan Welfare Inc Milltown, NJ | $1,618 | $581,012 |
Sri Guru Singh Sabha Inc Glen Rock, NJ | $4,454,204 | $671,518 |
Gurdwara Dashmesh Darbar Inc Port Reading, NJ | $2,995,884 | $648,663 |
Chinmaya Mission-Pittsburgh Monroeville, PA | $3,514,687 | $935,344 |
India Heritage Foundation Nj Ny Inc Edison, NJ | $1,405,747 | $925,433 |
International Mahavira Jain Mission Blairstown, NJ | $4,614,526 | $568,664 |