Veerayatan International Inc
- Assets
- $1.4m
- Revenue
- $863.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Hughesville, MD
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 52-1956271
Organization Overview
Veerayatan International Inc is located in Hughesville, MD. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veerayatan International Inc 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, Veerayatan International Inc generated $863.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VEERAYATAN INTERNATIONAL INC. (HEREINAFTER REFERRED TO AS "VEERAYATAN INTERNATIONAL- OR THE "ORGANIZATION") IS AN ORGANIZATION ESTABLISHED IN THE UNITED STATES TO SPREAD AND ALIGN ITS MISSION WITH THE MISSION OF "VEERAYATAN", A CHARITABLE ORGANIZATION BASED IN INDIA, THE OBJECTIVE OF WHICH IS TO DIRECTLY WORK TOWARDS THE CARE OF HUMANITY THROUGH HEALTH, EDUCATION, AND SPIRITUALITY WITHOUT DISTINCTION. TO FULFILL ITS MISSION, VEERAYATAN INTERNATIONAL INC'S SOLE PROGRAM IS TO MAKE CONTRIBUTIONS TO VEERAYATAN INDIA. BY MAKING CONTRIBUTIONS TO VEERAYATAN INDIA, VEERAYATAN INTERNATIONAL INC. HELPS SUPPORT VARIOUS PROGRAMS RUN BY VEERAYATAN INDIA INCLUDING ORGANIZING MEDICAL CAMPS, EYE SURGERIES, AND POST-SURGERY CARE FOR THE MOST UNDERSERVED POPULACE; RUN VARIOUS SCHOOLS, COLLEGES, HOSTELS, AND VOCATIONAL TRAINING THAT AIM TO EMPOWER MASSES WITH AN EARNING ABILITY AND SKILL; ORGANIZE AND RUN REHABILITATION AND EMERGENCY RELIEF PROGRAMS IN THE WAKE OF NATURAL CALAMITIES AND ORGANIZE PRAYER H
Describe the Organization's Program Activity:
Part 3 - Line 4a
VEERAYATAN INTERNATIONAL INC. (HEREINAFTER REFERRED TO AS "VEERAYATAN INTERNATIONAL- OR THE "ORGANIZATION") IS AN ORGANIZATION ESTABLISHED IN THE UNITED STATES TO SPREAD AND ALIGN ITS MISSION WITH THE MISSION OF "VEERAYATAN", A CHARITABLE ORGANIZATION BASED IN INDIA, THE OBJECTIVE OF WHICH IS TO DIRECTLY WORK TOWARDS THE CARE OF HUMANITY THROUGH HEALTH, EDUCATION, AND SPIRITUALITY WITHOUT DISTINCTION. TO FULFILL ITS MISSION, VEERAYATAN INTERNATIONAL INC'S SOLE PROGRAM IS TO MAKE CONTRIBUTIONS TO VEERAYATAN INDIA. BY MAKING CONTRIBUTIONS TO VEERAYATAN INDIA, VEERAYATAN INTERNATIONAL INC. HELPS SUPPORT VARIOUS PROGRAMS RUN BY VEERAYATAN INDIA INCLUDING ORGANIZING MEDICAL CAMPS, EYE SURGERIES, AND POST-SURGERY CARE FOR THE MOST UNDERSERVED POPULACE; RUN VARIOUS SCHOOLS, COLLEGES, HOSTELS, AND VOCATIONAL TRAINING THAT AIM TO EMPOWER MASSES WITH AN EARNING ABILITY AND SKILL; ORGANIZE AND RUN REHABILITATION AND EMERGENCY RELIEF PROGRAMS IN THE WAKE OF NATURAL CALAMITIES AND ORGANIZE PRAYER HALLS, SPIRITUAL RETREATS, AND INSPIRATIONAL PROGRAMS FOR ALL AGE GROUPS.
HUMANITARIAN ASSISTANCE THE MISSION OF THIS PROGRAM IN IS TO PROVIDE SUPPORT AND ASSISTANCE TO THE NEEDY MEMBERS OF THE SOCIETY BY PROVIDING EDUCATIONAL ASSITANCE IN FORM OF SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Punita Shah Vice Preside | OfficerTrustee | 1 | $0 |
Satish Shah Treasurer | OfficerTrustee | 3 | $0 |
Mukesh Turakhia President | OfficerTrustee | 2 | $0 |
Yogesh Bapna Secretary | OfficerTrustee | 1 | $0 |
Dr Kiran Patel Trustee | Trustee | $0 | |
Jainesh Mehta Trustee | Trustee | $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 | $862,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $862,206 |
| Total Program Service Revenue | $0 |
| Investment income | $760 |
| 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 | $862,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,220,723 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,800 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $816 |
| 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 | $1,337 |
| Total functional expenses | $1,253,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,202 |
| Savings and temporary cash investments | $1,066,681 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,352,883 |
| Accounts payable and accrued expenses | $5,200 |
| 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 | $5,200 |
| Net assets without donor restrictions | $1,347,683 |
| 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 | $1,352,883 |
Grants Awarded
Over the last fiscal year, Veerayatan International Inc has awarded $18,467 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAHENDRA & PURNIMA SHAH FOUNDATION | | | $12,946 |
MOHAN FOUNDATION | | | $5,521 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Veerayatan International Inc has recieved totaling $113,535.
| Awarding Organization | Amount |
|---|---|
Center For Curiosity Inc New York, NY PURPOSE: CHARITABLE | $102,000 |
Mb Charitable Foundation Hackensack, NJ PURPOSE: COMMUNITY OUTREACH | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $535 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Henkels Foundation Blue Bell, PA | $1,152,398 | $2,386,882 |