Ashtalakshmi Temple
- Assets
- $4.4m
- Revenue
- $421.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Sugarland, TX
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 76-0695721
Organization Overview
Ashtalakshmi Temple is located in Sugarland, TX. The organization was established in 2003. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Ashtalakshmi Temple 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, Ashtalakshmi Temple generated $421.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $317.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE MISSION OF H.H. SRI SRI SRI TRIDANDI CHINNA SRIMANNARAYANA RAMANUJA JEEYAR SWAMIJI TO REVITALIZE OUR VEDIC HERITAGE AND SPREAD THE VEDIC KNOWLEDGE TO THE PRESENT AND FUTURE GENERATIONS. PROMOTE THE MOTTO OF "WORSHIP YOUR OWN AND RESPECT ALL" PROMOTE THE MOTTO OF "SERVE ALL BEINGS AS SERVICE TO GOD" A PLACE OF WORSHIP AND VEDIC LEARNING CELEBRATE FESTIVALS PROVIDE PRIEST SERVICES CONDUCT SATSANG, BHAJANS AND DISCOURSES FOR PEACE AND TRANQUILLITY CONDUCT MUSIC AND DANCE CLASSES CONDUCT SOCIAL SERVICE ACTIVITIES
Describe the Organization's Program Activity:
ALL OPERATIONAL TEMPLE EVENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pavan Achuta Treasurer | Officer | 15 | $0 |
Prasad D Gadiraju President | Officer | 15 | $0 |
Ranganath Kandala Secretary | Officer | 15 | $0 |
Rangarajan Madabhushi Vice President | Officer | 15 | $0 |
Vijay P Srccnarasimhaiah Vice President | Officer | 15 | $0 |
Srirama Nanduri Secretary | Officer | 15 | $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 | $420,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,965 |
| 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 | $420,965 |
| 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 | $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 | $33,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,776 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,648 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,369 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,156 |
| All other expenses | $29,545 |
| Total functional expenses | $316,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,432 |
| 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 | $492,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,658,302 |
| Total assets | $4,437,734 |
| 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 | $1,516,365 |
| Total liabilities | $1,516,365 |
| Net assets without donor restrictions | $2,921,369 |
| 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 | $4,437,734 |