Sharada Educational Foundation

Organization Overview

Sharada Educational Foundation is located in San Antonio, TX. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharada Educational Foundation 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, Sharada Educational Foundation generated $96.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (58.3%) each year. All expenses for the organization totaled $107.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, FOSTER, ENCOURAGE, PUBLISH TEACH, AND DISSEMINATE SANATAN VEDIC PHILOSOPHY, AS EXPRESSED IN THE CLASSICAL PRINCIPLES OF THE VEDANTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS TAX EXEMPT ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES, MORE SPECIFICALLY: A. TO ESTABLISH VEDIC KNOWLEDGE IN THE USA AND CANADA THROUGH A SCIENTIFIC APPROACH WITH RESEARCH ON VEDAS, UPANISHADS, DARSHANS AND ALL RELATED SCRIPTURES AND LITERATURE. B. TO PROPOUND TRUE INDIAN CULTURE AND PHILOSOPHY TO THE WESTERN WORLD. C. TO STUDY AND RESEARCH SUBJECTS ASSOCIATED WITH YAJNA, RITUALS, AND IMPORTANCE OF VEDIC TRADITIONS AND TO AWARD CERTIFICATE, DEGREE AND DIPLOMA COURSES FOR STUDENTS IN VARIOUS DISCIPLINES OF YAJNA, RITUALS, AND VEDIC TRADITIONS. D. TO TEACH MEDITATION AS A TECHNIQUE TO ATTAIN SOUND PHYSICAL AND MENTAL HEALTH. E. TO SET UP AN EDUCATION SYSTEM BASED ON VALUES OF SPIRITUALISM AND JUSTICE BEYOND THE BOUNDARIES OF CAST, CREED, CLASS AND RELIGION FOR INDIVIDUAL DEVELOPMENT. F. TO PROVIDE LODGING, BOARDING AND EDUCATION AT A LOWER COST TO STUDENTS FROM THE ECONOMICALLY WEAKER SECTIONS OF SOCIETY. G. TO ORGANIZE YOUTH AND ADULT CAMPS, SEMINARS / WORKSHOPS AND COMPETITIONS TO INTRODUCE VEDIC CULTURE & LITERATURE, FOUNDATIONAL VALUES, AND THEMES IN INDIAN PHILOSOPHY, LEADING TO BUILDING MORAL CHARACTER OF THE INDIVIDUALS. TO PROVIDE WEEKLY, MONTHLY, SEMESTER-WISE, YEARLY OR AS-NEEDED-BASIS TRAINING TO THE STUDENTS OF THE FOUNDATION TO HELP THEIR PROFESSIONAL AND ROBUST DEVELOPMENT IN INDIAN SPIRITUAL AND RITUALISTIC KNOWLEDGE. H. TO WORK WITH OTHER COMPANIES AND ORGANIZATIONS THAT HAVE SIMILAR AIMS AND OBJECTIVES. I. TO WRITE AND PUBLISH RESEARCH AND ORIGINAL WRITING / COMPILATION TO SPREAD THE VEDIC KNOWLEDGE AMONG THE GENERAL PUBLIC AND PROFESSIONALS. J. TO ESTABLISH, MAINTAIN, AND OPERATE SCHOOLS, TO CONDUCT CLASSES, DISCUSSIONS GROUPS, CAMPS, RETREATS, WORKSHOPS, SEMINARS AND OTHER RELATED ACTIVITIES THAT FURTHER SPECIFIC PURPOSE SET FORTH IN SECTION 3 (B) ABOVE. K. TO USE ELECTRONIC AND SOCIAL MEDIA TO DISSEMINATE INFORMATION ABOUT THE ORGANIZATION AND TO PROMOTE ITS PURPOSE.


THE INVESTMENT FUNDS WILL BE ALSO BE USED TO DEVELOP INFRASTRUCTURE TO ENABLE THE SERVICES, AS LISTED UNDER PROGRAM SERVICE ACTIVITY #1. IN ADDITION, THE ENDOWMENT WILL BE USED FOR OPERATIONS AND INFRASTRUCTURE MAINTENANCE AS WELL. INFRASTRUCTURE INCLUDES BUT IS NOT LIMITED TO, ACQUISITION AND DEVELOPMENT OF LAND AND BUILDINGS TO ENABLE THE DELIVERY OF THE AFOREMENTIONED SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Ramkrishna Prakash
President
$0
Nimisha Rana
Treasurer
$0
Durga Suryadevara
Secretary
$0
Swami Shivatmananda
Chairperson
$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$209,159
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$209,159
Total Program Service Revenue-$122,315
Investment income $16,452
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$7,255
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $96,041

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