Vedic Educational And Devotional Academy
- Assets
- $6.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Milpitas, CA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 03-0409475
Organization Overview
Vedic Educational And Devotional Academy is located in Milpitas, CA. The organization was established in 2007. According to its NTEE Classification (X70) the organization is classified as: Hinduism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Vedic Educational And Devotional Academy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vedic Educational And Devotional Academy 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, Vedic Educational And Devotional Academy generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPART HINDU VEDIC EDUCATION WHICH IS THE STUDY OF ANCIENT SANSKRIT SCRIPTURES TO THOSE WHO ARE INTERESTED, AND TO PROVIDE A PLACE OF WORSHIP FOR HINDU FOLLOWERS
Describe the Organization's Program Activity:
PROVIDE A PLACE OF WORSHIP FOR HINDU FOLLOWERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naga Venkata Sastri Marepalli Chairman | Trustee | 40 | $108,586 |
Sri Ravinder Ghankota Treasurer | Officer | 10 | $0 |
Sri Laxman Guduguntla Joint Secretary | Officer | 10 | $0 |
Sri Kishore Kichili Vice President | Officer | 10 | $0 |
Smt Nagamani Padmanabhuni Ec Member | Officer | 10 | $0 |
Sri Padmanabham Tadepalli Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,817,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,889,658 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$33,536 |
| 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 | $1,856,196 |
| 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. | $108,586 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,839 |
| 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 | $24,644 |
| Advertising and promotion | $25,840 |
| Office expenses | $31,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,356 |
| Travel | $3,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,948 |
| Insurance | $35,865 |
| All other expenses | $92,728 |
| Total functional expenses | $1,399,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,596 |
| Savings and temporary cash investments | $301,339 |
| 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 | $31,522 |
| Net Land, buildings, and equipment | $5,739,631 |
| Investments—publicly traded securities | $176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,650 |
| Total assets | $6,264,914 |
| Accounts payable and accrued expenses | $100,873 |
| 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 | $1,530,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,640 |
| Total liabilities | $1,712,884 |
| Net assets without donor restrictions | $4,295,170 |
| Net assets with donor restrictions | $256,860 |
| 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 | $6,264,914 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vedic Educational And Devotional Academy has recieved totaling $62,644.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $62,087 |
Yelp Foundation San Francisco, CA PURPOSE: MATCHING CONTRIBUTION MADE BY EMPLOYEE OF YELP, INC. | $385 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Swaminarayan Satsang Organization Norwalk, CA | $67,125,410 | $11,122,147 |
Hindu Community And Cultural Center Livermore, CA | $29,918,422 | $6,891,698 |
Vedic Educational And Devotional Academy Milpitas, CA | $6,264,914 | $1,856,196 |
Shirdi Sai Darbar Cupertino, CA | $1,422,045 | $1,328,047 |
Hindu Educational And Cultural Society Of America Corp Portland, OR | $3,691,930 | $1,352,441 |
Shirdi Sai Parivaar Milpitas, CA | $8,061,083 | $887,614 |
Enlightened Living Enterprises Charitable Corp Kula, HI | $118,533 | $526,476 |
Sri Gaur Nitai Society Waialua, HI | $538,889 | $851,416 |
Pmht Inc Dublin, CA | $628,543 | $694,962 |
Leela Foundation Ashland, OR | $239,737 | $370,110 |
Hindu Mandir Society Of San Diego Inc San Diego, CA | $2,875,977 | $438,765 |
Mandir Irvine, CA | $1,455,296 | $672,084 |