Sankara Nethralaya Om Trust Inc
- Assets
- $398.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 11/1988
- Data as of
- 12/2022
- EIN
- 52-1611548
Organization Overview
Sankara Nethralaya Om Trust Inc is located in Rockville, MD. The organization was established in 1988. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sankara Nethralaya Om Trust 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, Sankara Nethralaya Om Trust Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.2% 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
TO RAISE FUNDS IN USA FROM THE GENERAL PUBLIC AND TRANSFER TO MEDICAL RESEARCH FOUNDATION IN CHENNAI, INDIA FOR PROVIDING FREE EYECARE INCLUDING CATARACT AND MAJOR SURGERIES TO INDIGENT PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMED 7,439 CATARACT SURGERIES @ $65 PER SURGERY, PERFORMED 1,732 MAJOR SURGERIES(GLAUCOMA,RETINAL DETACHMENT ETC.)@ $250 PER SURGERY AND PERFORMED 7 SCHOOL SCREENINGS @ $300 EACH, PERFORMED 22 TELEOPHTHALMOLOGY CAMPS @ $290 EACH, PERFORMED 10 MESU CAMP @ $12,500 EACH BY SANKARA NETHRALAYA IN TAMIL NADU, ANDHRA PRADESH AND WEST BENGAL STATES IN INDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vamsi Krishna Eruvaram Trustee | Trustee | 10 | $0 |
Shyam Appali Trustee | Trustee | 10 | $0 |
Prasad Bethamcherla Trustee | Trustee | 10 | $0 |
Neelima Gaddamanugu Trustee | Trustee | 10 | $0 |
Upendra Rachupally Trustee | Trustee | 10 | $0 |
Soma Jagadeesh Pethakamsetti Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,711 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,127,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,182,858 |
| Total Program Service Revenue | $0 |
| Investment income | $271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,174,256 |
| 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 | $1,050,000 |
| 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 | $5,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,320 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,680 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,731 |
| 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 | $815 |
| All other expenses | $150 |
| Total functional expenses | $1,131,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,761 |
| 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 | $4,908 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $28,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,636 |
| Accounts payable and accrued expenses | $3,514 |
| 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 | $3,514 |
| Net assets without donor restrictions | $395,122 |
| 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 | $398,636 |