India Heritage Foundation Boston
- Assets
- $1.5m
- Revenue
- $349.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Shrewsbury, MA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-0639698
Organization Overview
India Heritage Foundation Boston is located in Shrewsbury, MA. The organization was established in 2017. 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. India Heritage Foundation Boston 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, India Heritage Foundation Boston generated $349.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 74.1% each year . All expenses for the organization totaled $175.4k 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
THE MISSION OF INDIA HERITAGE FOUNDATION IS TO PROVIDE A ROOM FOR ALL MEN/WOMEN/CHILDREN TO ENRICH THEIR LIFE SPIRTUALLY AND ALSO SHARE THE REMARKABLE TREAURE OF THE VEDIC KNOWLWDGE OF INDIA WITH THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVAL DONATIONS: DONATIONS AND SEVAS FROM CONGREGATION TO CELEBRATE THE FESTIVAL. THE DEITIES ARE BATHED AND OFFERED A SUMPTUOUS MEAL IS OFFERED TO THE LORDSHIP AND THEN DISTRIBUTED TO ALL GUESTS
BOOK DISTRIBUTIONS: SALE OF BOOKS RELATING TO KRISHNA CONSCIOUSNESS.
ICVK: SUNDAY SCHOOL THAT TEACHES CHILDREN CULTURE AND CLAUES FROM SRIMAD BHAGVADAM.
OTHER: INCLUDES REVENUE AND EXPENSES FOR MAGAZINE,HOUSE PROGRAMS, FOLK IMMERSION AND COLLEGE FEEDING & CATERING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shivakumara Kr Vice President | Officer | 4 | $0 |
Satyabrata Jena Treasurer | Officer | 40 | $0 |
Chandrashekar Srirangapatnam President | Trustee | 12 | $0 |
Vijay P Datt Director | Trustee | 2 | $0 |
Madhusudan Sivashankar Chairman | Trustee | 8 | $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 | $258,363 |
| Noncash contributions included in lines 1a–1f | $575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,363 |
| Total Program Service Revenue | $77,801 |
| Investment income | $216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,573 |
| 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 | $348,953 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,134 |
| Fees for services: Legal | $15,700 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,357 |
| Office expenses | $1,668 |
| Information technology | $3,057 |
| Royalties | $0 |
| Occupancy | $84,136 |
| Travel | $10,768 |
| 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 | $2,153 |
| All other expenses | $43,464 |
| Total functional expenses | $175,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $4,555 |
| 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 | $29,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $583,109 |
| Intangible assets | $0 |
| Other assets | $692,688 |
| Total assets | $1,521,037 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,265 |
| Total liabilities | $6,265 |
| 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 | $1,514,772 |
| Total liabilities and net assets/fund balances | $1,521,037 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that India Heritage Foundation Boston has recieved totaling $16,831.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,533 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nori Foundation Inc Baldwin, NY | $6,279,359 | $1,115,588 |
Sivananda Yoga Vedanta Center Inc New York, NY | $2,014,706 | $165,117 |
Connecticut Sikh Association Inc Southington, CT | $1,915,046 | $210,209 |
Shiv Shakti Peeth Hindu Temple Floral Park, NY | $5,604,397 | $256,202 |
Jain Temple Of New York Corp Garden City Park, NY | $2,273,383 | $478,128 |
Childrens Ashram Fund New Lebanon, NY | $778,688 | $250,611 |
Sri Durga Mandir Inc Brooklyn, NY | $12,873 | $0 |
Vivekananda Retreat Ridgely Stone Ridge, NY | $1,166,018 | $160,410 |
India Heritage Foundation Boston Shrewsbury, MA | $1,521,037 | $348,953 |
Parvati Parameswara Temple Inc Groton, MA | $402,399 | $151,029 |
Mahraz Darshan Das Charitable Trust Mineola, NY | $995,509 | $132,601 |
Shri Navagraha Devasthanam Of North America Inc Mineola, NY | $586,429 | $147,015 |