Swaminarayan Satsang Mandal Of Chicago
- Assets
- $1.9m
- Revenue
- $868.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- 06/2012
- Data as of
- 12/2018
- EIN
- 45-3341471
Organization Overview
Swaminarayan Satsang Mandal Of Chicago is located in Palatine, IL. The organization was established in 2012. According to its NTEE Classification (X50) the organization is classified as: Buddhism, 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. Swaminarayan Satsang Mandal Of Chicago 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 12/2018, Swaminarayan Satsang Mandal Of Chicago generated $868.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $204.5k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS AND CULTURAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY WEEK APPROXIMATELY 150 TO 400 PEOPLE GATHER FOR PRAYER, RELIGIOUS AND CULTURAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dharam Patel Officer | Officer | 5 | $0 |
Vinod Patel Officer | Officer | 5 | $0 |
Arjun Malavia President | Trustee | 5 | $0 |
Bharat Patel Treasurer | Trustee | 5 | $0 |
Subhash Patel Secretary | Trustee | 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 | $868,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,890 |
| 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 | $868,890 |
| 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 | $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 | $1,172 |
| 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 | $11,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,468 |
| Insurance | $4,574 |
| All other expenses | $168,150 |
| Total functional expenses | $204,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,663 |
| 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 | $1,679,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,824 |
| Other assets | $0 |
| Total assets | $1,871,471 |
| 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 | $195,001 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $198,001 |
| Other liabilities | $0 |
| Total liabilities | $393,002 |
| Unrestricted restricted net Assets | $1,478,469 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,478,469 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Swaminarayan Satsang Mandal Of Chicago has recieved totaling $90,428.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $90,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illinois Vipassana Association Pecatonica, IL | $2,270,658 | $1,050,702 |
Congregation Of Vietnamese Buddhists Chicago-Quang Minh Tmple Chicago, IL | $1,059,522 | $369,487 |
Tsogyaling Meditation Center Of Evanston Evanston, IL | $2,454,459 | $340,777 |
Chua Quan Am Kansas City Buddhist Association Kansas City, MO | $190,307 | $318,764 |
Vietnamese Unified Buddhist Chicago, IL | $2,635,306 | $323,819 |
Institute For Zen Leadership Madison, WI | $92,245 | $155,271 |
Kumbum Chamtse-Ling Inc Bloomington, IN | $973,683 | $343,042 |
Swaminarayan Satsang Mandal Of Chicago Palatine, IL | $1,871,471 | $868,890 |
Bultasa Buddhist Temple Of Chicago Chicago, IL | $2,297,868 | $295,845 |
Lien Hoa Buddhist Temple-Chua Lien Hoa Chicago, IL | $708,756 | $198,900 |
Ishaya Foundation St James, MO | $338,527 | $0 |
Vietnamese And American Buddhist Association Corp Indianapolis, IN | $169,387 | $0 |