Akal Institute
- Assets
- $12.6m
- Revenue
- $351.8k
- Investments
- $12.2k
- Employees
- 0
- Location
- Rancho Santa Fe, CA
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 54-1511748
Organization Overview
Akal Institute is located in Rancho Santa Fe, CA. The organization was established in 1991. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akal Institute 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 12/2023, Akal Institute generated $351.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $626.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEDICATED TO REHABILITATION OF ALCOHOLIC AND OTHER CHEMICALLY DEPENDENT PEOPLE, AKAL INSTITUTE HAS MAINTANED PROPERTY TO BE USED AS EXTENDED CARE FACILITY TO INCREASE THE PROBABILITY OF SUCCESSFUL RECOVERY. WORK TOWARDS THE CONTINUED RENOVATION AND EXPANSION OF SERVICES CONTINUES TO BE UNDERWAY WITH PLANS TO EXPAND THE SUBSTANCE ABUSE FACILITY AND TO INCORPORATE A VETERANS VILLAGE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $332,388 |
| Net Rental Income | -$19,901 |
| Net Gain on Sale of Assets | $413 |
| Capital Gain Net Income | $413 |
| Net ST Capital Gain | $413 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $351,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,889 |
| Depreciation | $12,276 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,158 |
| Total operating and administrative expenses | $626,465 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $626,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,166 |
| Savings and temporary cash investments | $7,019,465 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $460,750 |
| Other assets | $5,021,659 |
| Total assets | $12,610,287 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $240 |
| Total liabilities | $240 |