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Jyothi Corp

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

EIN: 270902075 ✦ Fort wayne, IN ✦ Designated as a 501(c)(3)

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Overview

What is Jyothi Corp?

Jyothi Corp is a nonprofit organization situated in Fort Wayne, Indiana. Its mission is to empower and uplift underprivileged individuals, including the hungry, the vulnerable, and those with visual or mental challenges. They achieve this by providing necessary resources and fostering resilience through perseverance, an unconquerable spirit, and performance. In 2022, Jyothi Corp extended its support by granting funds to organizations with similar objectives. Additionally, they demonstrated their commitment to the community by offering meals to the needy, including veterans, in Fort Wayne.


Official website here: www.jyothicorp.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)

Jyothi Corp has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and finance management. The rating is predominantly based on the organization's strong performance in Accountability & Finance, where it scored 76%. The positive aspects include a fully independent board and no material diversion of assets, demonstrating a commitment to ethical governance.

While Jyothi Corp shows strengths in many areas such as program expense ratio, which stands impressively at 99.34%, it has notable gaps in its policies. The absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy has negatively impacted its overall score. These omissions suggest areas where the organization could improve its governance practices to enhance transparency and accountability.

In summary, Jyothi Corp is performing well financially, with a strong commitment to utilizing its resources for its programs. However, the lack of certain key policies is a limitation that the organization should address to further boost its rating and trustworthiness among donors and stakeholders.


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

Is Jyothi Corp legitimate?

Jyothi Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jyothi Corp 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


Official website here: www.jyothicorp.org

What is the mission statement of Jyothi Corp?

Jyothi Corp's mission is centered around empowering and supporting those in need, including the impoverished, hungry, vulnerable, and visually and mentally challenged individuals. The organization strives to provide the necessary resources to help these individuals overcome their challenges, fostering perseverance, an unconquerable spirit, and high performance. In 2022, Jyothi Corp granted funds to organizations with similar missions, and they also contributed to their cause locally by providing meals to the hungry and veterans in need, in a specific location not specified in the provided data.


Official website here: www.jyothicorp.org

Who is the CEO of Jyothi Corp?

Dr Prasad Bingi is the President of Jyothi Corp.


Official website here: www.jyothicorp.org

What is the revenue of Jyothi Corp?

Jyothi Corp's revenue in 2022 was $175,623.


Official website here: www.jyothicorp.org

Who are the executives of Jyothi Corp and what are their salaries?

There 5 volunteers at Jyothi Corp.


Here are 5 key members and their salaries:


Dr Prasad Bingi (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Vijay Chilakamarri (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Gorrell (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Praveen Kollipara (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Hn Ramaprakash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jyothicorp.org

Where can I find the form 990 for Jyothi Corp?

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


Official website here: www.jyothicorp.org

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

Mission Statement of Jyothi Corp

Jyothi Corp, a nonprofit organization, is dedicated to empowering and ministering to the poor, the hungry, the vulnerable, and the visually and mentally challenged individuals. Their mission is to provide all the necessary resources to help these individuals bring out their best through perseverance, an unconquerable spirit, and performance. In 2022, Jyothi Corp demonstrated their commitment to this mission by granting funds to organizations that share their vision of empowering the disadvantaged. Furthermore, in Fort Wayne, Indiana, Jyothi Corp took direct action by serving meals to the hungry and providing support to veterans in need. This highlights Jyothi Corp's hands-on approach to their mission, showing that they are not just financially investing in their cause but also actively participating in it.

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Impact




October, 2024

Jyothi Corp significantly impacts its community by empowering those in need, particularly the poor, hungry, and vulnerable populations, including individuals who are visually or mentally challenged. By focusing on perseverance and an unyielding spirit, the organization fosters an environment where people can thrive against adversity.

In 2022, Jyothi Corp actively contributed to this mission by providing grants to like-minded organizations, amplifying their reach and effectiveness. In Fort Wayne, Indiana, Jyothi Corp took direct action by offering meals to hungry individuals and veterans in need, ensuring that the most vulnerable members of society receive vital support and resources.

Through these initiatives, Jyothi Corp serves as a beacon of hope and empowerment, not only addressing immediate needs but also enabling individuals to realize their potential and improve their circumstances. The organization's dedication to philanthropy and community support plays a crucial role in uplifting those who face significant challenges, creating a more resilient and compassionate society.




This information is meant to be a general summary of Jyothi Corp. 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
$175,623 (2022)
Expenses
$170,862 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $175,623

Assets and Liabilities:

  • Total Assets: $21,368
  • Total Liabilities: $0
  • Net Assets: $21,368

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Organization Details

Founding Year

2009

Principal Officer

Dr Prasad Bingi

Main Address

PO BOX 10293, FORT WAYNE, IN, 46851

NTEE Category

Code: T30 - Philanthropy

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