Overview
What is 5T Foundation?
The 5T Foundation, led by Dave Malhotra in Lafayette, Colorado, is a nonprofit organization dedicated to spreading spiritual knowledge globally. Their mission involves educating society on spiritual techniques to promote unity and peace, constructing temples to house these values, and propagating the consciousness of Lord Sri Krishna as revealed in Bhagavad Gita and Srimad Bhagavatam. The foundation brings its members closer to Krishna, emphasizing Vedic knowledge and self-realization as the prime goal of life. They also support the Sankirtan movement, encouraging collective chanting of holy names. Additionally, they care for cows, aligning with their beliefs about their purpose in life and sustainability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
The 5T Foundation has received a Two-Star rating based on its Accountability & Finance score of 63%. This score is calculated entirely from a single beacon score, indicating areas where the organization excels and where improvements are needed. The organization shows strong marks for having a majority of independent board members and maintaining a high program expense ratio, with nearly all funds directed toward its programs.
However, the foundation has significant shortcomings in transparency and governance practices. Notably, the organization is lacking several key policies, including a conflict of interest policy and a whistleblower policy, which are critical for maintaining accountability. Additionally, the absence of a listed website on its tax form further diminishes its rating, suggesting a need for better communication of its operations and resources to stakeholders.
Overall, while the 5T Foundation demonstrates commendable financial efficiency, the issues related to governance and transparency may raise concerns for potential donors about the organization's long-term sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is 5T Foundation legitimate?
5T Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5T Foundation 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
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What is the mission statement of 5T Foundation?
The 5T Foundation's mission is centered around propagating spiritual knowledge to society at large. Their objective is to educate people on spiritual life techniques, aiming to balance values and promote unity and peace worldwide. They plan to build temples as a medium to gift these values to the public. The foundation also focuses on spreading consciousness of Lord Sri Krishna, as revealed in Bhagavad Gita and Srimad Bhagavatam. They strive to bring society members closer to Krishna and inspire the belief that each soul is a part of the divine. Furthermore, the 5T Foundation encourages the Sankirtan movement, the congregational chanting of holy names of God, and supports the welfare of cows, reflecting their beliefs about their purpose and sustainability.
Who is the CEO of 5T Foundation?
Dave Malhotra is the President of 5T Foundation.
What is the revenue of 5T Foundation?
5T Foundation's revenue in 2022 was $54,011.
Who are the executives of 5T Foundation and what are their salaries?
There 3 volunteers at 5T Foundation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 5T Foundation?
5T Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 5T Foundation
The 5T Foundation, in its mission, aims to disseminate spiritual knowledge to society as a whole and educate individuals on the techniques of spiritual life. This initiative is designed to rectify the imbalance of values in life and promote peace and unity worldwide. One of their objectives is to construct temples where these spiritual values can be shared with the public. The foundation also seeks to instill a consciousness of Lord Sri Krishna, as revealed in Bhagavad Gita and Srimad Bhagavatam.
Moreover, the 5T Foundation strives to unite its members and the broader society with Krishna, the prime entity, and the ultimate goal of self-realization. They encourage the practice of Vedic knowledge and the Sankirtan movement, which involves congregational chanting of holy names of God, as taught by Lord Sri Chaitanya Mahaprabhu. Additionally, the foundation takes care of cows, aligning with their beliefs that this practice underscores their purpose in life and serves as a demonstration of their sustainability.
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Impact
August, 2024
5T Foundation's impact is focused on systematically propagating spiritual knowledge to society at large, educating individuals in the techniques of spiritual life to address the imbalance of values in the world, and promoting unity and peace globally. The foundation also works towards building temples to spread these values to the public and propagate a consciousness of Lord Sri Krishna as described in sacred texts such as the Bhagavad Gita and Srimad Bhagavatam. Additionally, the foundation aims to bring people closer to Krishna, Vedic knowledge, and self-realization, emphasizing the idea that each soul is a part of the quality of Godhead. Furthermore, 5T Foundation teaches and encourages the Sankirtan movement, which involves congregational chanting of the holy names of God, in line with the teachings of Lord Sri Chaitanya Mahaprabhu. The foundation also cares for the welfare of cows based on their beliefs about the importance and purpose of these animals in life.
This information is meant to be a general summary of 5T Foundation. 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: $54,011
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2017
Phone
(303) 638-3505Principal Officer
Dave Malhotra
Main Address
1408 Horizon Ave suite 202, Lafayette, CO, 80026
NTEE Category
Code: X99 - Religion related
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