Sree Venkateswara Temple Of Cleveland
- Assets
- $5.6m
- Revenue
- $808.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Richfield, OH
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 59-3815377
Organization Overview
Sree Venkateswara Temple Of Cleveland is located in Richfield, OH. The organization was established in 2006. 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, Sree Venkateswara Temple Of Cleveland employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sree Venkateswara Temple Of Cleveland 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, Sree Venkateswara Temple Of Cleveland generated $808.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $559.7k during the year ending 12/2021. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RELIGIOUS, SPIRITUAL, CULTURAL, CIVIC, EDUCATIONAL, AND SOCIAL NEEDS TO THOSE WHO SHARE THE HINDU CULTURE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RELIGIOUS SERVICES TO THE HINDU COMMUNITY. PROMOTE KNOWLEDGE OF THE HINDU FAITH. RECRUIT PEOPLE TO PARTICIPATE IN CEREMONIES AND TEMPLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahesh Kavaturu Joint Secret | Officer | 5 | $0 |
Nandini Kulasekaran Joint Treasu | Officer | 5 | $0 |
Murali Lakireddy Vice Charman | Officer | 5 | $0 |
Suman Pillarisetti Secretary | Officer | 5 | $0 |
Jagdish Medarametla Chairman | Officer | 5 | $0 |
Sarala Venna Treasurer | Officer | 5 | $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 | $805,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $805,648 |
| Total Program Service Revenue | $0 |
| Investment income | $550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,668 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,868 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,710 |
| 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 | $152,914 |
| Advertising and promotion | $0 |
| Office expenses | $8,743 |
| Information technology | $0 |
| 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 | $9,250 |
| Interest | $57,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,268 |
| Insurance | $11,341 |
| All other expenses | $0 |
| Total functional expenses | $559,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,096 |
| Savings and temporary cash investments | $301,018 |
| 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 | $5,006,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,604,828 |
| Accounts payable and accrued expenses | $21,352 |
| 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 | $1,100,000 |
| Secured mortgages and notes payable | $130,005 |
| Unsecured mortgages and notes payable | $146,567 |
| Other liabilities | $8,713 |
| Total liabilities | $1,406,637 |
| Net assets without donor restrictions | $4,198,191 |
| 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 | $5,604,828 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sree Venkateswara Temple Of Cleveland has recieved totaling $14,053.
| Awarding Organization | Amount |
|---|---|
Shunpike Charitable Foundation Rancho Cucamonga, CA PURPOSE: General Support | $13,850 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maharishi Purusha Program Romney, WV | $5,218,351 | $2,508,004 |
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 |
Chinmaya Mission-Pittsburgh Monroeville, PA | $3,514,687 | $935,344 |
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 |
Sai Temple Inc Malvern, PA | $2,541,167 | $423,385 |
Krishna Protects Cows Inc Port Royal, PA | $51,779 | $318,383 |
Vedagita Center Inc Collegeville, PA | $920,215 | $343,444 |
Sri Balaji Temple Of Great Lakes West Bloomfield, MI | $1,251,124 | $421,828 |