Swaravedika
- Assets
- $48.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/2016
- Data as of
- 04/2022
- EIN
- 81-2634665
Organization Overview
Swaravedika is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Swaravedika 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 04/2022, Swaravedika generated $81.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.4% each year . All expenses for the organization totaled $53.7k during the year ending 04/2022. While expenses have increased by 59.4% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CULTURAL ARTISTS PERFORMANCE AND DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamalakar Kanajam President | 5 | $0 | |
Krishna Anumolu Directorchairman | 5 | $0 | |
Veera Bhadram Danturthi Trustee | 10 | $0 | |
Soujanya Vemulapati Director | 3 | $0 | |
Sirisha Malladi Director | 3 | $0 | |
Abhi Vemulapati Directorvice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,371 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,371 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,475 |
| Occupancy, rent, utilities, and maintenance | $360 |
| Printing, publications, postage, and shipping | $344 |
| Other expenses | $45,521 |
| Total expenses | $53,700 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,600 |
| Other assets | $0 |
| Total assets | $48,534 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,534 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Swaravedika has recieved totaling $38,161.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $37,134 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Arts Midwest Minneapolis, MN | $13,049,827 | $7,597,060 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Arts Partnership Saint Paul, MN | $39,537,439 | $5,290,504 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
4 Cornerstones Foundation Edina, MN | $53,350,133 | $54,622,494 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Copernicus Cultural Foundation Of Stevens Point Wisconsin Inc Mosinee, WI | $845,687 | $1,133,742 |
American Friends Of The Prado Museum Minneapolis, MN | $9,205,825 | $155,021 |
Randy And Nancy Trachte Family Foundation Inc Middleton, WI | $1,703,536 | $192,699 |
Harlan Boss Foundation For The Arts Minneapolis, MN | $2,950,216 | $594,683 |
Milwaukee Arts Partners Corporation Milwaukee, WI | $126,207 | $252,200 |