Brahmananda Saraswati Yagya Foundation
- Assets
- $15.3m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Fairfield, IA
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 46-3250017
Organization Overview
Brahmananda Saraswati Yagya Foundation is located in Fairfield, IA. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Brahmananda Saraswati Yagya Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brahmananda Saraswati Yagya 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 12/2021, Brahmananda Saraswati Yagya Foundation generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 14.2% per year over the past 7 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.
Since 2017, Brahmananda Saraswati Yagya Foundation has awarded 11 individual grants totaling $5,293,271. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2 PART III #1 FOR DETAIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF VEDIC PANDITS IN INDIA TO SUPPORT THE EXPANSION OF VEDIC KNOWLEDGE IN THE WORLD AND PROMOTE HARMONY AND PROGRESS ON EVERY LEVEL OF LIFE.
SUPPORT OF VEDIC PANDITS IN NEPAL TO SUPPORT THE EXPANSION OF VEDIC KNOWLEDGE IN THE WORLD AND PROMOTE HARMONY AND PROGRESS ON EVERY LEVEL OF LIFE.
VEDIC PROJECT DEVELOPMENT AND EXPANSION PROJECTS IN SWITZERLAND.
VEDIC PROJECT DEVELOPMENT AND EXPANSION PROJECTS WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Petersen Secretary | Officer | 20 | $23,604 |
Richard Boyland Treasurer And Director | OfficerTrustee | 20 | $12,000 |
Neil Paterson President And Director | OfficerTrustee | 20 | $0 |
Michael Busch Director | Trustee | 5 | $0 |
Satinder Swaroop Director | Trustee | 1 | $0 |
Suresh Chatrani Director | Trustee | 1 | $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 | $10,167,556 |
| Noncash contributions included in lines 1a–1f | $160,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,167,556 |
| Total Program Service Revenue | $0 |
| Investment income | $81,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,821 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,246,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,497,338 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,549,494 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,604 |
| Compensation of current officers, directors, key employees. | $35,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,111 |
| Fees for services: Management | $2,867 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $482,311 |
| Advertising and promotion | $0 |
| Office expenses | $191,811 |
| Information technology | $348,704 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,933 |
| Insurance | $7,920 |
| All other expenses | $0 |
| Total functional expenses | $7,489,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,161,524 |
| Savings and temporary cash investments | $364,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,750 |
| 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 | $286,095 |
| Net Land, buildings, and equipment | $71,384 |
| Investments—publicly traded securities | $1,692,830 |
| Investments—other securities | $0 |
| Investments—program-related | $9,242,566 |
| Intangible assets | $276,980 |
| Other assets | $0 |
| Total assets | $15,294,355 |
| Accounts payable and accrued expenses | $285,035 |
| 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 | $1,525 |
| Total liabilities | $286,560 |
| Net assets without donor restrictions | $15,007,795 |
| 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 | $15,294,355 |
Grants Awarded
Over the last fiscal year, Brahmananda Saraswati Yagya Foundation has awarded $1,497,338 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfield, IA PURPOSE: SUPPORT | $1,183,022 |
Fairfield, IA PURPOSE: SUPPORT | $308,556 |
Fairfield, IA PURPOSE: SUPPORT | $5,760 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Brahmananda Saraswati Yagya Foundation has recieved totaling $134,776.
| Awarding Organization | Amount |
|---|---|
Invincibility Foundation McLean, VA PURPOSE: GENERAL SUPPORT | $62,501 |
Homer A & Ida S Jones Trust Bristol, TN PURPOSE: GENERAL PURPOSE OF ORGANIZATION | $25,000 |
Maharishi Foundation Usa Inc Fairfield, IA PURPOSE: GENERAL SUPPORT | $13,570 |
Rita Morgan Charitable Foundation Inc North Miami Beach, FL PURPOSE: UNRESTRICTED | $10,000 |
Brahmananda Saraswati Foundation Fairfield, IA PURPOSE: SEE PART IV | $9,200 |
Rastegar Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veap Inc Bloomington, MN | $8,119,973 | $16,891,199 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
Ssm Health Foundation St Louis St Louis, MO | $35,477,442 | $11,468,412 |
St Francis Home Breckenridge, MN | $31,134,827 | $7,139,521 |