Sri Karunamayi Insitute Of Vedic Studies And Meditation Center Inc
- Assets
- $569.5k
- Revenue
- $38.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- Data as of
- 12/2023
- EIN
- 84-3296845
Organization Overview
Sri Karunamayi Insitute Of Vedic Studies And Meditation Center Inc, operating under the name Sivam Center, is located in Laurel, MD. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Sivam Center 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, Sivam Center generated $38.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $10.3k 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
THE VERY ESSENCE OF SPIRITUALITY AND RELIGION LIES IN UNDERSTANDING THE DEPTH OF ANCIENT WISDOM, CONNECTING TO THE DIVINE, AND ACHIEVING INNER PEACE. OUR ORGANIZATION, ROOTED IN THE PROFOUND TEACHINGS OF VEDIC SCRIPTURES AND THE PRACTICE OF MEDITATION, SERVES AS A GUIDING BEACON FOR THOSE ON A SPIRITUAL JOURNEY. 1. PRESERVATION OF ANCIENT WISDOM: "VEDIC STUDIES: VEDIC SCRIPTURES ARE AMONG THE OLDEST RELIGIOUS TEXTS IN THE WORLD, COMPRISING A VAST BODY OF KNOWLEDGE ABOUT SPIRITUALITY, PHILOSOPHY, RITUALS, AND ETHICS. OUR ORGANIZATION AIMS TO PRESERVE, STUDY, AND PROPAGATE THIS WISDOM TO ENSURE IT REMAINS ACCESSIBLE FOR GENERATIONS TO COME. WE PROVIDE A PLATFORM FOR RIGOROUS SCHOLARLY RESEARCH WHILE ALSO MAKING THESE TEACHINGS ACCESSIBLE TO THE GENERAL PUBLIC. "INTEGRATION WITH MODERN LIFE: RECOGNIZING THE CHALLENGES AND COMPLEXITIES OF CONTEMPORARY LIFE, WE STRIVE TO INTERPRET VEDIC PRINCIPLES IN WAYS THAT RESONATE WITH TODAY'S GLOBALIZED WORLD. OUR GOAL IS TO ENSURE THAT ANCIENT WISDOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM DELVES INTO THE PROFUNDITIES OF VEDIC SCRIPTURES, ENSURING THAT THE TIMELESS WISDOM THESE TEXTS OFFER SEAMLESSLY ALIGNS WITH CONTEMPORARY NEEDS AND UNDERSTANDINGS. A SIGNIFICANT COMPONENT OF THE PROGRAM FOCUSES ON PERSONAL DEVELOPMENT, EMPHASIZING TRANSFORMATIVE MEDITATION PRACTICES ALONGSIDE SPECIALIZED WORKSHOPS AND RETREATS CENTERED ON THE NUANCES OF VEDIC STUDIES. COMMUNITY BUILDING IS INTEGRAL TO THE PROGRAM'S ETHOS, WITH INITIATIVES AIMED AT UNITING DIVERSE INDIVIDUALS UNDER THE UMBRELLA OF SHARED SPIRITUAL VALUES. IN LINE WITH THE REVERED VEDIC PRINCIPLE OF 'SELFLESS SERVICE,' THE PROGRAM ENCOURAGES AND PROVIDES AVENUES FOR VOLUNTEERISM. THE ORGANIZATION ACTIVELY ENGAGES IN INTERFAITH DIALOGUES, PROMOTING UNIVERSAL SPIRITUAL TRUTHS, AND MAKES EXTENSIVE USE OF ONLINE PLATFORMS TO DISSEMINATE VEDIC TEACHINGS TO A BROADER AUDIENCE. THE ORGANIZATION'S PROGRAM IS NOT MERELY AN ACADEMIC OR SPIRITUAL PURSUIT; IT IS A HOLISTIC JOURNEY AIMED AT HARMONIZING ANCIENT TEACHINGS WITH MODERN LIVING, GUIDING PARTICIPANTS TOWARDS DEEPER SPIRITUAL FULFILLMENT AND INNER PEACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vijay Kumar Garimalla Secretary | Officer | $0 | |
Ravinder Paul Lall Vice Preside | Officer | $0 | |
William Mccarty Legal Affair | Officer | $0 | |
Bhadra Vadali President | Officer | $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 | $37,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,954 |
| 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 | $37,954 |
| 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 | $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 | $1,500 |
| 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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $2,134 |
| Total functional expenses | $10,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,207 |
| 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 | $220,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,020 |
| Total assets | $569,549 |
| 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 | $80,308 |
| Total liabilities | $80,308 |
| Net assets without donor restrictions | $489,241 |
| 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 | $569,549 |