Sat Nam Foundation Inc
- Assets
- $308.9k
- Revenue
- $135.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Purcellville, VA
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 45-5350832
Organization Overview
Sat Nam Foundation Inc is located in Purcellville, VA. The organization was established in 2014. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sat Nam Foundation 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, Sat Nam Foundation Inc generated $135.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $633.2k during the year ending 12/2022. 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
THE ORGANIZATION'S MISSION IS TO IMPROVE THE LIVES OF UNDERSERVED PEOPLE THROUGH YOGA AND OTHER HEALING MODALITIES AS WELL AS FUNDING PROJECTS AND VOLUNTEER EFFORTS TO DIRECTLY IMPACT PEOPLES LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAT NAM FOUNDATION OPERATED THE FOLLOWING PROGRAMS IN 2022:SPIRIT VOYAGE LEGACY FOUNDATION (SVLF) | DEVELOPMENT OF PROPERTY IN MAHAHUALDONATED $559,506 IN 2022. CONTINUED TO FUND THE DEVELOPMENT OF MEXICAN PROPERTY THAT WILL OFFER FUTURE HEALING AND THERAPEUTIC PROGRAMS FOR VICTIMS OF TRAUMA.THE ORGANIZATIONAL PURPOSE OF SVLF IS TO PROVIDE OPPORTUNITIES AND VENUES FOR LEARNING AND TEACHING HEALING ARTS, YOGA, MUSIC, SUSTAINABLE LIVING AND ANY OTHER LIFESTYLE OR PHILOSOPHY THAT LEADS TO A BETTER LIFE AND A HEALTHIER PLANET. SVLF WILL ACCOMPLISH THIS GOAL BY ACCEPTING DONATIONS OF PROPERTIES AND ASSETS THAT CAN BE USED TO SUPPORT THESE ACTIVITIES, INCLUDING BY MAKING ITS REAL PROPERTY ASSETS AVAILABLE FOR USE BY OTHER TAX-EXEMPT NONPROFIT ORGANIZATIONS THAT SHARE SVLFS MISSION AND VALUES AND BY MAKING MONETARY DONATIONS TO THOSE ORGANIZATIONS.DONATIONS TO PAST PROJECTS:SMALL DONATIONS WERE MADE TO PAST PROJECT ORPHANAGES WITH FUNDS RAISED FROM ONGOING DONORS THATSPECIFY THEIR DONATIONS TO PARTICULAR PROJECTS. FUNDS WERE RECEIVED IN 2021 AND PAID OUT TO THEORPHANAGES IN EARLY 2022.TASHIRAT ORPHANAGE $325NAMBALE MAGNET SCHOOL $404
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karan K Khalsa President | OfficerTrustee | 10 | $0 |
Gabriel Fulton Treasurer/sec. | OfficerTrustee | 10 | $0 |
Guruganesha Singh Director | Trustee | 2 | $0 |
Jennifer Sells Director | Trustee | 2 | $0 |
Elienne Lawson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,963 |
| Total Program Service Revenue | $0 |
| Investment income | $228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,120 |
| Net Gain/Loss on Asset Sales | $89,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $560,235 |
| 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 | $48,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,022 |
| Fees for services: Management | $1,699 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $286 |
| Office expenses | $73 |
| Information technology | $2,008 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $190 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $5,128 |
| Insurance | $2,033 |
| All other expenses | $303 |
| Total functional expenses | $633,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,557 |
| Savings and temporary cash investments | $287,308 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,865 |
| 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 | $2,895 |
| Total liabilities | $2,895 |
| Net assets without donor restrictions | $305,970 |
| 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 | $308,865 |
Grants Awarded
Over the last fiscal year, Sat Nam Foundation Inc has awarded $867,473 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPIRIT VOYAGE LEGACY FOUND | | | $850,000 |
WE THE VILLAGE PURPOSE: WATER PROJECT | $17,473 |