Overview
What is Shree Siddhi-Dham Mandir Inc?
Shree Siddhi-Dham Mandir Inc, based in Parsippany, New Jersey, serves as a sanctuary for individuals of Hindu faith and those interested in learning about the faith. This nonprofit organization, with a modest workforce of one, offers a place of worship and fosters an environment for exploration and understanding of Hindu traditions. The primary objective of Shree Siddhi-Dham Mandir Inc is to provide a platform for spiritual growth and cultural education within the Hindu community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Shree Siddhi-Dham Mandir Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial health. The overall score of 58% is primarily influenced by its Accountability & Finance metrics. While the organization demonstrates strengths in governance with 60% of its board members being independent and maintaining proper documentation of board meeting minutes, it struggles notably with its financial ratios.
The organization achieves a perfect score in several areas, such as a 100% program expense ratio, suggesting that all of its expenses are directed towards its programs. However, it falls short with a liabilities to assets ratio of 101.18%, which raises red flags about its financial stability and could indicate potential solvency issues. This discrepancy highlights the importance of not only good governance practices but also maintaining a healthy financial balance.
Overall, while Shree Siddhi-Dham Mandir Inc shows commendable governance and commitment to program expenditure, its financial ratio concerns warrant caution for potential donors and supporters. The organization's ability to sustain its operations may be challenged without addressing these financial weaknesses.
This AI summary has been generated from information found on Charity Navigator.
Is Shree Siddhi-Dham Mandir Inc legitimate?
Shree Siddhi-Dham Mandir Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shree Siddhi-Dham Mandir 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: $14,350
For more financial information, click here
What is the mission statement of Shree Siddhi-Dham Mandir Inc?
Shree Siddhi-Dham Mandir Inc serves as a place of worship for individuals of the Hindu faith and those interested in learning about the faith. Its mission is threefold: providing a spiritual sanctuary, fostering an environment for the Hindu community, and educating those who are curious about the faith. By offering a space for worship, the organization aims to cater to the spiritual needs of its followers. Additionally, it seeks to unite the Hindu community and foster a sense of belonging. Lastly, the mandir is committed to sharing the teachings and principles of Hinduism with those who wish to learn, thereby promoting understanding and appreciation of the faith.
Who is the CEO of Shree Siddhi-Dham Mandir Inc?
Pravin Maheta is the Trustee of Shree Siddhi-Dham Mandir Inc.
What is the revenue of Shree Siddhi-Dham Mandir Inc?
Shree Siddhi-Dham Mandir Inc's revenue in 2022 was $122,878.
Who are the executives of Shree Siddhi-Dham Mandir Inc and what are their salaries?
The average compensation at Shree Siddhi-Dham Mandir Inc during 2022 was $14,350. There is 1 employee and 1 volunteer at Shree Siddhi-Dham Mandir Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Shree Siddhi-Dham Mandir Inc?
Shree Siddhi-Dham Mandir Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shree Siddhi-Dham Mandir Inc
Shree Siddhi-Dham Mandir Inc serves as a sanctuary for individuals of the Hindu faith and those eager to learn about the faith. Its mission is multifaceted, primarily focusing on providing a place of worship for the Hindu community and those curious about the faith. Beyond this, the institution also serves as an educational platform, fostering an environment for learning about Hinduism. By doing so, Shree Siddhi-Dham Mandir Inc aims to cater to the spiritual needs of its community and attract those seeking knowledge about the faith. This organization plays a significant role in fostering a sense of unity and spiritual growth among its members and interested individuals.
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Impact
October, 2024
Shree Siddhi-Dham Mandir Inc plays a vital role in the Parsippany, NJ community by serving as a welcoming place of worship for individuals of the Hindu faith. It creates a supportive environment for spiritual growth and cultural connection, offering spaces where devotees can gather for prayer, worship, and community events.
Beyond serving the established Hindu community, the temple actively engages those interested in learning about Hindu beliefs and practices, fostering an inclusive atmosphere for education and dialogue. This commitment to cultural exchange not only strengthens the bonds within the community but also promotes understanding and appreciation of Hindu traditions among people of diverse backgrounds.
Through religious services, cultural celebrations, and educational programs, Shree Siddhi-Dham Mandir Inc significantly enriches the spiritual landscape of the area, providing a foundation for community solidarity, engagement, and cultural preservation.
This information is meant to be a general summary of Shree Siddhi-Dham Mandir 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: $122,878
Assets and Liabilities:
- Total Assets: $1,013,448
- Total Liabilities: $1,025,481
- Net Assets: -$12,033
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Organization Details
Founding Year
1998
Phone
(973) 641-3357Principal Officer
Pravin Maheta
Main Address
PO BOX 5421, PARSIPPANY, NJ, 07054
NTEE Category
Code: X20Z - Religion related
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