Vedanta Institute Of Midwest
- Assets
- $505.4k
- Revenue
- $192.1k
- Investments
- $0.0
- Employees
- 1
- Location
- West Bloomfield, MI
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 27-3374919
Organization Overview
Vedanta Institute Of Midwest is located in West Bloomfield, MI. The organization was established in 2011. 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. Vedanta Institute Of Midwest 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, Vedanta Institute Of Midwest generated $192.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $182.0k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATIONAL EXCELLENCE THROUGH GRANTS, FUNDING AND FINANCIAL ASSISTANCE TO STUDENTS, INSTITUTIONS AND OTHER ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL CLASSES AND LECTURE SERIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amit Kinikar Treasurer | Officer | 20 | $0 |
Kishore Ahuja Secretary | Officer | 2 | $0 |
Vinod Mohey President | Officer | 2 | $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 | $192,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,050 |
| 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 | $192,050 |
| 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. | $37,400 |
| Compensation of current officers, directors, key employees. | $37,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,100 |
| Payroll taxes | $2,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,176 |
| Insurance | $1,228 |
| All other expenses | $2,300 |
| Total functional expenses | $181,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,089 |
| 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 | $297,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $505,354 |
| Accounts payable and accrued expenses | $655 |
| 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 | $0 |
| Total liabilities | $655 |
| Net assets without donor restrictions | $0 |
| 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 | $504,699 |
| Total liabilities and net assets/fund balances | $505,354 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vedanta Institute Of Midwest has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sri Venkateswara Temple And Cultural Center Inc Novi, MI | $9,532,283 | $1,566,288 |
Greater Cleveland Shiva - Vishnu Temple Inc Parma, OH | $5,485,873 | $582,695 |
Sree Venkateswara Temple Of Cleveland Richfield, OH | $5,604,828 | $808,668 |
India Heritage Foundation Cleveland, OH | $4,415,709 | $1,182,400 |
Sri Sai Baba Temple Society Of Ohio Lewis Center, OH | $5,445,218 | $819,140 |
Jain Society Of Greater Detroit Inc Farmington Hills, MI | $4,925,150 | $611,643 |
Sikh Temple Of Wisconsin Inc Oak Creek, WI | $3,824,155 | $397,946 |
Sri Balaji Temple Of Great Lakes West Bloomfield, MI | $1,251,124 | $421,828 |
Singh Sabha Of Michigan Canton, MI | $2,353,278 | $286,456 |
Vedanta Institute Of Midwest West Bloomfield, MI | $505,354 | $192,050 |
Wisconsin Shirdi Sai Pewaukee, WI | $1,193,414 | $356,189 |
Shirdi Sai Society Of Troy Rochester, MI | $614,813 | $277,599 |