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Om Foundationinc

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

EIN: 263534277 ✦ Middletown, CT ✦ Designated as a 501(c)(3)

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Overview

What is Om Foundationinc?

Om Foundationinc is a nonprofit organization situated in Middletown, Connecticut, with an address at 749 Say Brook Road Unit A101. The organization's mission is deeply rooted in the spiritual teachings of Shri Shirdi Sai Baba, as outlined in Sai Satcharita. This mission extends to sponsoring charitable activities within the United States. The foundation's purpose is not limited to spiritual growth but also includes contributing to various philanthropic causes within the country.

What are the reviews and ratings of this charity?

Charity Navigator Rating: One-Star out of Four Stars (50%)

The Om Foundationinc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 50%, the organization lacks independent board members, which can raise questions about governance and oversight. Additionally, the absence of critical financial documentation and policies, such as a conflict of interest policy and whistleblower policy, further highlights the potential risks associated with its operations.

Despite these issues, the foundation shows some positive performance in its financial ratios, notably a program expense ratio of 70%, suggesting that a substantial portion of its expenditures goes directly to programs. This is a strength that may indicate a commitment to its charitable mission. However, the lack of transparency in financial reporting and governance practices overshadows these positives.

The absence of crucial documents on its website, including tax forms and board meeting minutes, alongside a liability to assets ratio of just 6.66%, suggests potential financial vulnerabilities. Overall, prospective donors and stakeholders may wish to approach this organization with caution due to the highlighted accountability concerns and missing governance frameworks.


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

Is Om Foundationinc legitimate?

Om Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Om Foundationinc 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: $86,169

For more financial information, click here

What is the mission statement of Om Foundationinc?

The Om Foundationinc is dedicated to upholding the spiritual teachings of Shri Shirdi Sai Baba, as depicted in the Sai Satcharita, and sponsoring charitable activities within the United States. The organization's mission is to embody these teachings in its actions and contribute to the betterment of society through charitable initiatives. The foundation's activities aim to promote understanding and practice of these teachings, while also extending aid to those in need within the U.S.

Who is the CEO of Om Foundationinc?

Rajkumar Channa is the Trustee of Om Foundationinc.

What is the revenue of Om Foundationinc?

Om Foundationinc's revenue in 2022 was $526,044.

Who are the executives of Om Foundationinc and what are their salaries?


Here are 9 key members and their salaries:


Srinivas Jonnakota (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Murthy Kandarpa (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ramesh Nadimpalli (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sreedhar Arvapalli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Balamurugan Sankarapandy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thejeshwar Rajareddy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nagesh Venuturumilli (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rajkumar Channa (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Srinivas Yenduri (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Om Foundationinc?

Om Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Om Foundationinc

Om Foundationinc, a nonprofit organization, is dedicated to upholding the spiritual teachings of Shri Shirdi Sai Baba as outlined in Sai Satcharita. The foundation's primary mission is to extend this spiritual philosophy through charitable activities within the United States. By adhering to these teachings, Om Foundationinc aims to make a positive impact in the lives of individuals within its reach.

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Impact




July, 2024

Om Foundation Inc's impact is significant, as it focuses on following the spiritual teachings of Shri Shirdi Sai Baba through Sai Satcharita and sponsoring charitable activities in the United States. This organization in Middletown, CT, is dedicated to spreading the teachings of Shri Shirdi Sai Baba and carrying out charitable initiatives to positively impact the community. Their mission exemplifies a commitment to spirituality and service, making a difference in the lives of individuals in need.




This information is meant to be a general summary of Om Foundationinc. 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
$526,044 (2022)
Expenses
$172,039 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $214,175
  • Gross Receipts: $526,044

Assets and Liabilities:

  • Total Assets: $1,758,889
  • Total Liabilities: $117,236
  • Net Assets: $1,641,653

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Programs

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

Membership Dues

Revenue

$8,003

Program Service Fees

Revenue

$206,172

Organization Details

Founding Year

2008

Principal Officer

Rajkumar Channa

Main Address

749 Say Brook Road Unit A101, Middletown, CT, 06457

NTEE Category

Code: X70 - Religion related

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