Vanguri Foundation Of America
- Assets
- $21.0k
- Revenue
- $265.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 76-0444238
Organization Overview
Vanguri Foundation Of America, operating under the name Vegesna Foundation, is located in Sugar Land, TX. The organization was established in 1996. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vegesna Foundation 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, Vegesna Foundation generated $265.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $287.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENT * TO CREATE A LITERARY FORUM TO ENCOURAGE CREATIVE LITERARY ACTIVITY, RECOGNIZE AUTHORS AND PUBLISH THEIR WORK, TO ORGANIZE LITERARY SYMPOSIUMS AND TO FOSTER EXCHANGE OF IDEAS. * TO PROMOTE PERFORMING ARTS, CLASSICAL MUSIC, MUSIC CREATION, DRAMA AND TO CREATE A FORUM FOR CONFERENCES FOR EXCHANGE OF IDEAS IN SIMILAR ACTIVITIES. * TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS IN VARIOUS EDUCATIONAL INSTITUTIONS. * TO ASSIST IN IMPROVING INFRASTRUCTURE FACILITIES AT EDUCATIONAL INSTITUTIONS. * TO PROVIDE ALL THE SERVICES AS A NON-PROFIT ORGANIZATION SUBJECT TO ALL GOVERNMENTAL REGULATIONS. * TO PROVIDE ASSISTANCE FOR HUMANITARIAN AND CHARITABLE PROJECTS AROUND THE WORLD. * TO PROVIDE SUPPORT FOR EDUCATION, FOOD, STUDY MATERIAL, UNIFORM, SURGICAL CORRECTIONS & MEDICINES FOR POOR, PHYSICALLY DISADVANTAGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS FOR COMPLETE REHABILITATION OF POOR, DESTITUTE AND PHYSICALLY HANDICAPPED CHILDREN UNDER THE CARE OF VEGESNA FOUNDATION WHICH IS A NON-TRUST LOCATED GOVERNEMENT APPROVED IN HYDERABAD, INDIA, ESTABLISHED IN 1988.
GRANTS GIVEN TO PROVIDE TO ASSITANCE TO RUSHIPEETHAM TRUST, HYDEARABAD, INDIA
GRANTS GIVEN TO BUILD COMMUNITY CENTER, INDIA
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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 | $265,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,120 |
| 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 | $265,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,709 |
| Grants and other assistance to domestic individuals. | $80,027 |
| Grants and other assistance to Foreign Orgs/Individuals | $157,689 |
| 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 | $4,089 |
| 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 | $3,728 |
| Information technology | $3,000 |
| Royalties | $0 |
| Occupancy | $6,000 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $287,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,004 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,004 |
| 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 | $21,004 |
| 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 | $21,004 |