Ekal Vidyalaya Foundation Of Usa Inc
- Assets
- $13.7m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Houston, TX
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 77-0554248
Organization Overview
Ekal Vidyalaya Foundation Of Usa Inc is located in Houston, TX. The organization was established in 2000. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Ekal Vidyalaya Foundation Of USA Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ekal Vidyalaya Foundation Of USA 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, Ekal Vidyalaya Foundation Of USA Inc generated $11.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. 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 SET UP 100,000 ONE TEACHER SCHOOL TO PROVIDE FREE ELEMENTARY EDUCATION AND FREE PRIMARY HEALTHCARE TO CHILDREN IN REMOTE AND RURAL INDIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EKAL VIDYALAY IS A UNIQUE MOVEMENT TO BRING EDUCATION TO THE DOORSTEPOF VILLAGES IN INDIA WHERECHILDREN ARE OFFERED FREE FIVE YEARS OF ELEMENTARY EDUCATION UNDER THE PROGRAM. MISSON IS TO SETUP 100,000 SUCH ONE TEACHER SCHOOLS. DURING 2022 TOTAL 14650 SCHOOLS WERE SPONSORED EDUCATIING439,500 STUDENTS. THE PROGRAM ALSO IMPARTS PRIMARY HEALTHCARE, DEVELOPMENT AND EMPOWERMENTEDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pradeep Goyal Trustee - Evfi | OfficerTrustee | 2 | $0 |
Sajjan Agarwal Director | OfficerTrustee | 2 | $0 |
Madhu Bansal Director | OfficerTrustee | 0 | $0 |
Meena Subramanyam Director | OfficerTrustee | 0 | $0 |
Dr Rakesh Gupta Director | OfficerTrustee | 0 | $0 |
Ramesh Shah Director | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,386 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,040,581 |
| Noncash contributions included in lines 1a–1f | $18,043 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,263,967 |
| Total Program Service Revenue | $0 |
| Investment income | $67,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,732 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,316,829 |
| 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 | $4,946,494 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1 |
| Compensation of current officers, directors, key employees. | $1 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,971 |
| Pension plan accruals and contributions | $8,688 |
| Other employee benefits | $0 |
| Payroll taxes | $23,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,710 |
| Advertising and promotion | $38,802 |
| Office expenses | $6,132 |
| Information technology | $13,698 |
| Royalties | $0 |
| Occupancy | $18,043 |
| Travel | $39,998 |
| 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 | $3,058 |
| Insurance | $0 |
| All other expenses | $391,206 |
| Total functional expenses | $5,971,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,370,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $575,677 |
| Accounts receivable, net | $4,561 |
| 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 | $5,659 |
| Net Land, buildings, and equipment | $7,583 |
| Investments—publicly traded securities | $9,691,321 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,078 |
| Total assets | $13,662,643 |
| Accounts payable and accrued expenses | $12,450 |
| 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 | $12,450 |
| Net assets without donor restrictions | $3,969,307 |
| Net assets with donor restrictions | $9,680,886 |
| 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 | $13,662,643 |