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Vedanta Cultural Foundation Usa Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043719963 ✦ Somerset, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Vedanta Cultural Foundation Usa Inc?

Vedanta Cultural Foundation USA Inc, situated in Somerset, New Jersey, serves as a nonprofit organization dedicated to enriching the local community through regular seminars and discussions led by knowledgeable instructors. Their primary objective is to promote ancient philosophical wisdom, aiming to positively impact people's lives. With a modest team of two employees, they strive to propagate this wisdom for the betterment of humanity. Their activities involve organizing periodic and ongoing forums to disseminate these teachings.


Official website here: www.vedantausa.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 54% (One-Star out of Four Stars)

Vedanta Cultural Foundation USA Inc has received a low rating of 54% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The foundation lacks independent board members, which raises questions about governance and oversight. Essential policies such as conflict of interest and whistleblower protections are missing, reflecting a lack of comprehensive governance standards.

Despite these issues, the organization demonstrates strength in its program expense ratio, allocating nearly 90% of its expenses directly to its programs. This indicates a commitment to its mission, although the absence of financial statements and transparency measures could hinder trust among potential donors and stakeholders. Additionally, the organization has not made its Tax Form readily available on its website, which limits accessibility to important financial information.

Overall, while Vedanta Cultural Foundation USA Inc shows promise in funding its programs effectively, the lack of transparency and independent oversight poses significant challenges. Potential supporters are advised to consider these factors carefully when evaluating the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Vedanta Cultural Foundation Usa Inc legitimate?

Vedanta Cultural Foundation Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vedanta Cultural Foundation Usa 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: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,000

For more financial information, click here


Official website here: www.vedantausa.org

What is the mission statement of Vedanta Cultural Foundation Usa Inc?

The Vedanta Cultural Foundation Usa Inc's mission is centered around the propagation of ancient philosophical wisdom, aiming to benefit humanity. This is accomplished through regular seminars and discussion forums led by qualified teachers, aimed at enhancing values in individuals by sharing the teachings of philosophical wisdom. The foundation's activities are geared towards fostering personal growth and enrichment within the surrounding community.


Official website here: www.vedantausa.org

Who is the CEO of Vedanta Cultural Foundation Usa Inc?

Sanjay Pingle is the President of Vedanta Cultural Foundation Usa Inc.


Official website here: www.vedantausa.org

What is the revenue of Vedanta Cultural Foundation Usa Inc?

Vedanta Cultural Foundation Usa Inc's revenue in 2022 was $785,158.


Official website here: www.vedantausa.org

Who are the executives of Vedanta Cultural Foundation Usa Inc and what are their salaries?

The average compensation at Vedanta Cultural Foundation Usa Inc during 2022 was $25,000. There are 2 employees and 50 volunteers at Vedanta Cultural Foundation Usa Inc.


Here are 3 key members and their salaries:


Ritika G Jain (Vice President)
  • Compensation: $15,000
  • Related: $0
  • Other: $0
Sanjay Pingle (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devananda M Kini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vedantausa.org

Where can I find the form 990 for Vedanta Cultural Foundation Usa Inc?

Vedanta Cultural Foundation Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vedantausa.org

Learn more at the official website: www.vedantausa.org

Mission Statement of Vedanta Cultural Foundation Usa Inc

Vedanta Cultural Foundation USA Inc, a nonprofit organization, is dedicated to the propagation of ancient philosophical wisdom for the betterment of humanity. This mission is achieved through hosting regular seminars and discussion forums led by qualified teachers. These events aim to enrich the values of the surrounding community by sharing the teachings of philosophical wisdom. The foundation's activities are designed to foster personal growth and understanding, contributing to a more enlightened society.

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Impact




July, 2024

Vedanta Cultural Foundation USA Inc's impact lies in its dedicated efforts to propagate ancient philosophical wisdom for the benefit of humanity. Through seminars and discussion forums led by qualified teachers, the organization enriches the community with teachings that enhance values and foster personal growth. By promoting the timeless wisdom of Vedanta, Vedanta Cultural Foundation USA Inc plays a vital role in nurturing a deeper understanding of life's philosophical aspects, ultimately contributing to the enrichment of individuals and society as a whole.




This information is meant to be a general summary of Vedanta Cultural Foundation Usa 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.

Revenue
$785,158 (2022)
Expenses
$501,760 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,480
  • Program Service Revenue: $63,287
  • Gross Receipts: $785,158

Assets and Liabilities:

  • Total Assets: $1,587,489
  • Total Liabilities: $2,144
  • Net Assets: $1,585,345

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BOOK DONATION

Revenue

$29,716

HONORARIUM FEES

Revenue

$33,571

Organization Details

Founding Year

2004

Principal Officer

Sanjay Pingle

Main Address

500 CROSSFIELDS LANE, SOMERSET, NJ, 08873

NTEE Category

Code: A70 - Arts

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