Swaminarayan Aksharpith Inc
- Assets
- $4.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Piscataway, NJ
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 84-1617179
Organization Overview
Swaminarayan Aksharpith Inc is located in Piscataway, NJ. 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. Swaminarayan Aksharpith 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 12/2021, Swaminarayan Aksharpith Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE HINDU FAITH THROUGH PREPARING AND SELLING RELIGIOUS ITEMS AND MEDICINES RELATED TO ITS RELIGIOUS TENETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF RELIGIOUS ITEMS AND MEDICINES RELATED TO THE HINDU FAITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitul Patel President / Director | OfficerTrustee | 3 | $0 |
Vipul Thakkar Secretary/treasurer/direct | OfficerTrustee | 3 | $0 |
Kalpesh Solanki Director | Trustee | 2 | $0 |
Ajay Patel Director | Trustee | 2 | $0 |
Sanjay Desai Director | Trustee | 2 | $0 |
Vishal Ghelani Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $59,610 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,610 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $2,044,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,104,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $754,153 |
| 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 | $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 | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,050,600 |
| Advertising and promotion | $0 |
| Office expenses | $7,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $16,529 |
| Insurance | $0 |
| All other expenses | $14,616 |
| Total functional expenses | $2,146,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $880,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,786,023 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $597,978 |
| Total assets | $4,745,420 |
| Accounts payable and accrued expenses | $709,783 |
| 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 | $4,115 |
| Total liabilities | $713,898 |
| Net assets without donor restrictions | $4,031,522 |
| 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 | $4,745,420 |
Grants Awarded
Over the last fiscal year, Swaminarayan Aksharpith Inc has awarded $73,652 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Piscataway, NJ PURPOSE: RELIGIOUS ACTIVITIES | $71,939 |
Piscataway, NJ PURPOSE: RELIGIOUS ACTIVITIES | $1,713 |
Piscataway, NJ PURPOSE: RELIGIOUS ACTIVITIES | $0 |
Piscataway, NJ PURPOSE: RELIGIOUS ACTIVITIES | $0 |
Piscataway, NJ PURPOSE: RELIGIOUS ACTIVITIES | $0 |
Piscataway, NJ PURPOSE: RELIGIOUS ACTIVITIES | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swaminarayan Aksharpith Inc Piscataway, NJ | $4,745,420 | $2,104,319 |
Sai Datta Mandir Inc Edison, NJ | $1,843,006 | $1,265,456 |
Vyo-Usa Inc Old Bridge, NJ | $4,493,964 | $1,749,451 |
Nori Foundation Inc Baldwin, NY | $6,279,359 | $1,115,588 |
Hindu Swayamsevak Sangh U S A Inc Rockaway, NJ | $5,547,867 | $1,298,753 |
Kanchi Kamakoti Seva Foundation Inc Manalapan, NJ | $404,508 | $890,419 |
Swaminarayan Welfare Inc Milltown, NJ | $1,618 | $581,012 |
Sri Guru Singh Sabha Inc Glen Rock, NJ | $4,454,204 | $671,518 |
Gurdwara Dashmesh Darbar Inc Port Reading, NJ | $2,995,884 | $648,663 |
Chinmaya Mission-Pittsburgh Monroeville, PA | $3,514,687 | $935,344 |
India Heritage Foundation Nj Ny Inc Edison, NJ | $1,405,747 | $925,433 |
International Mahavira Jain Mission Blairstown, NJ | $4,614,526 | $568,664 |