Advaita Society
- Assets
- $6.3m
- Revenue
- $486.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Cruz, CA
- Founding
- 12/1975
- Data as of
- 09/2021
- EIN
- 51-0174677
Organization Overview
Advaita Society is located in Santa Cruz, CA. The organization was established in 1975. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Advaita Society 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 09/2021, Advaita Society generated $486.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $186.5k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 years. 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
SRI RAMA FOUNDATION WAS CREATED TO PROVIDE A LOVING HOME FOR ORPHANED AND DESTITUTE CHILDREN IN INDIA. IN 1976 SRI RAMA FOUNDATION BEGAN FUNDING ANATH SHISHU PALAN TRUST OF INDIA. TODAY SRI RAM ASHRAM IS SITUATED ON 16 ACRES OF LAND IN THE STATE OF UTTARAKHAND. FOR THE PAST 34 YEARS A GROUP OF DEDICATED VOLUNTEERS, SPONSORED BY SRI RAMA FOUNDATION, HAS WORKED TIRELESSLY TO BUILD THE ASHRAM INTO A THRIVING RESIDENTIAL HOME FOR APPROXIMATELY 70 CHILDREN, AND A SCHOOL THAT SERVES BOTH THE ORPHANAGE AND SURROUNDING VILLAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORPHANAGE OPERATIONS AND SUPPORT
BOOK AND MEDIA SALES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith S Diffenbaugh President | OfficerTrustee | 2 | $0 |
H Ward Mailliard VP / CFO | OfficerTrustee | 2 | $0 |
Jaya Maxon Secretary | OfficerTrustee | 3 | $0 |
Kieran Farley Member | Trustee | 0.5 | $0 |
Soma Sharan Member | Trustee | 0.5 | $0 |
Serena Potter Member | Trustee | 0.5 | $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 | $279,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,609 |
| Total Program Service Revenue | $0 |
| Investment income | $105,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,677 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,265 |
| 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 | $52,000 |
| 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 | $3,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $833 |
| Information technology | $534 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,502 |
| All other expenses | $24,585 |
| Total functional expenses | $186,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20 |
| Savings and temporary cash investments | $181,909 |
| 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 | $84,338 |
| Prepaid expenses and deferred charges | $195 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,996,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,263,286 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,263,286 |
| 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 | $6,263,286 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Advaita Society has recieved totaling $85,035.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $74,500 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Religion | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Swaminarayan Satsang Organization Norwalk, CA | $67,125,410 | $11,122,147 |
Hindu Community And Cultural Center Livermore, CA | $29,918,422 | $6,891,698 |
Vedic Educational And Devotional Academy Milpitas, CA | $6,264,914 | $1,856,196 |
Shirdi Sai Darbar Cupertino, CA | $1,422,045 | $1,328,047 |
Hindu Educational And Cultural Society Of America Corp Portland, OR | $3,691,930 | $1,352,441 |
Shirdi Sai Parivaar Milpitas, CA | $8,061,083 | $887,614 |
Enlightened Living Enterprises Charitable Corp Kula, HI | $118,533 | $526,476 |
Sri Gaur Nitai Society Waialua, HI | $538,889 | $851,416 |
Pmht Inc Dublin, CA | $628,543 | $694,962 |
Leela Foundation Ashland, OR | $239,737 | $370,110 |
Hindu Mandir Society Of San Diego Inc San Diego, CA | $2,875,977 | $438,765 |
Mandir Irvine, CA | $1,455,296 | $672,084 |