Overview
What is Vedics Foundation Inc?
Vedics Foundation Inc is a nonprofit organization established in Chantilly, Virginia, with a focus on supporting and promoting Hindu religious principles globally. They achieve this goal by conducting classes and events for Tamil and Sanskrit Vedas, fostering a spiritual connection within their temple communities worldwide. This includes offering educational resources and online classes, weekend lectures featuring speakers from India, and supporting mobile gosalas in India. Their mission is to facilitate and uphold Hindu religious values, contributing to the spiritual growth of individuals in both the United States and India.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Vedics Foundation Inc has received a low rating of 56%, reflecting significant concerns regarding its governance and transparency practices. The organization scores particularly poorly in areas related to board independence, with no independent board members, which can raise questions about oversight and decision-making. Additionally, critical policies such as conflict of interest, whistleblower protection, and document retention are missing, indicating potential gaps in accountability.
On a positive note, the foundation demonstrates strong financial health with a program expense ratio of 80.18%, suggesting that a substantial portion of its expenses is directed towards its programs rather than administrative costs. The organization has also ensured that its tax form is available on its website, which is a step towards transparency. However, the lack of a publicly accessible website and other governance policies detracts from its overall accountability.
In summary, while the Vedics Foundation Inc shows strong program expenditure, its governance structure and transparency measures are significantly lacking, leading to a low overall rating. Prospective donors may want to consider these aspects carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Vedics Foundation Inc legitimate?
Vedics Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vedics Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Vedics Foundation Inc?
The Vedics Foundation Inc is a religious organization that aims to promote and uphold Hindu religious principles, both in the United States and India. They achieve this goal by conducting classes and organizing events centered around Tamil and Sanskrit Vedas. The organization extends its support to temple communities worldwide, including initiatives for cows and Sri Vaishnavas' education. They also provide global educational platforms to spread the teachings of Azhwars and Acharyas. The Vedics Foundation Inc conducts online classes and weekend lecture sessions, featuring lectures from India. Additionally, they support mobile Gosalas in India.
Who is the CEO of Vedics Foundation Inc?
Sundar Saranathan is the President of Vedics Foundation Inc.
What is the revenue of Vedics Foundation Inc?
Vedics Foundation Inc's revenue in 2022 was $42,811.
Who are the executives of Vedics Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Vedics Foundation Inc?
Vedics Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vedics Foundation Inc
Vedics Foundation Inc, a religious organization, is dedicated to fostering and promoting Hindu religious principles both in the United States and India. They achieve this by organizing classes and events centered around Tamil and Sanskrit Vedas. The mission of Vedics Foundation Inc is to support the global Hindu community, including temple communities worldwide, and contribute to the dissemination of Sri Vaishnava-related education. The organization goes beyond just conducting classes; they extend their reach to various parts of the world, spreading the teachings of the Azhwars and Acharyas. In addition, Vedics Foundation Inc offers online classes and weekend lecture sessions, featuring insights from esteemed speakers in India. Furthermore, they provide support to mobile Gosalas in India, contributing to the well-being of cows, which hold significant religious importance in Hinduism.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Vedics Foundation Inc facilitates and supports Hindu religious principles in the US and India through classes and events for Tamil and Sanskrit Vedas. They have supported temple communities worldwide, including assistance for cows and the provision of Sri Vaishnava-related education globally. Additionally, they have conducted classes to spread the words of Azhwars and Acharyas worldwide, including online classes and weekend lecture sessions with speakers from India. Furthermore, they have supported mobile gosalas in India.
This information is meant to be a general summary of Vedics Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $42,811
Assets and Liabilities:
- Total Assets: $655,310
- Total Liabilities: $0
- Net Assets: $655,310
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2003
Principal Officer
Sundar Saranathan
Main Address
42991 CENTER ST, CHANTILLY, VA, 20152
NTEE Category
Code: X70 - Religion related
If you are a representative of Vedics Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.