Skip to content
Nonprofiteer
← SWAMINARAYAN AKSHARPITH INC

Form 990 for tax year 2023

Filed by SWAMINARAYAN AKSHARPITH INC.

Totals

Total revenue
$4,083,956
Total expenses
$2,008,166
Contributions and grants received
$500,000
Grants paid
$546
Program service revenue
$0
Investment income
$0
Other revenue
$3,583,956
Total assets, end of year
$8,712,102
Total liabilities, end of year
$803,209
Net assets or fund balances, end of year
$7,908,893
Program services expenses (Part IX)
$1,774,713
Management and general expenses
$233,453
Fundraising expenses
$0
Program service expenses (Part III)
$1,774,713

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $500,000

  • 10a · Gross sales of inventory

    $12,109,203

  • 10b · Cost of goods sold

    $8,525,925

  • 10c · Net income from sales of inventory

    total $3,583,278 · related or exempt $3,583,278

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $678 · excluded $678

  • 11e · Other revenue, total

    $678

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $546 · program services $546

  • 11g · Fees: other

    total $1,213,091 · program services $1,193,911 · management and general $19,180

  • 12 · Advertising and promotion

    total $50,200 · program services $50,200

  • 13 · Office expenses

    total $10,117 · management and general $10,117

  • 14 · Information technology

    total $4,782 · management and general $4,782

  • 16 · Occupancy

    total $60,850 · program services $48,000 · management and general $12,850

  • 17 · Travel

    total $4,278 · management and general $4,278

  • 22 · Depreciation, depletion and amortization

    total $2,803 · program services $2,803

  • 24a · Other expenses: OUTSIDE SERVICE

    total $397,697 · program services $230,859 · management and general $166,838

  • 24b · Other expenses: CREDIT CARD

    total $221,128 · program services $221,128

  • 24c · Other expenses: PACKING SUPPLIES

    total $22,936 · program services $22,936

  • 24d · Other expenses: PEST CONTROL & CLEANING

    total $5,955 · management and general $5,955

  • 24e · All other expenses

    total $13,783 · program services $4,330 · management and general $9,453

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $938,061 · end of year $1,912,097

  • 4 · Accounts receivable

    beginning of year $160,115 · end of year $409,938

  • 8 · Inventories for sale or use

    beginning of year $3,049,372 · end of year $5,434,590

  • 10a · Land, buildings and equipment: cost or other basis

    $159,149

  • 10b · Land, buildings and equipment: accumulated depreciation

    $156,540

  • 10c · Land, buildings and equipment, net

    beginning of year $5,412 · end of year $2,609

  • 15 · Other assets

    beginning of year $2,410,437 · end of year $952,868

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,150 · end of year $227,748

  • 25 · Other liabilities

    beginning of year $607,144 · end of year $575,461

  • 27 · Net assets without donor restrictions

    beginning of year $5,833,103 · end of year $7,908,893

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE SUPPORT FOR THE HINDU FAITH THROUGH PREPARING AND SELLING RELIGIOUS ITEMS AND MEDICINES RELATED TO ITS RELIGIOUS TENETS.

  • SALES OF RELIGIOUS ITEMS AND HERBAL SUPPLEMENTS RELATED TO THE HINDU FAITH.

    Expenses $1,774,713 · Grants $546 · Revenue $3,583,278

As filed on the 2023 return.

Listed in Part VII

  • Ajay Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kalpesh Solanki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sanjay Desai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vishal Ghelani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mitul Patel

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Vipul Thakkar

    SECRETARY, TREASURER & DIR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202403169349306340

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.