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Nonprofiteer
← HINDU AMERICAN FOUNDATION INC

Form 990 for tax year 2023

Filed by HINDU AMERICAN FOUNDATION INC.

Totals

Total revenue
$3,317,151
Total expenses
$2,814,322
Contributions and grants received
$3,084,190
Grants paid
$36,862
Program service revenue
$0
Investment income
$283,364
Other revenue
-$50,403
Total assets, end of year
$5,026,771
Total liabilities, end of year
$41,705
Net assets or fund balances, end of year
$4,985,066
Program services expenses (Part IX)
$2,042,390
Management and general expenses
$509,432
Fundraising expenses
$262,500
Program service expenses (Part III)
$2,042,390

Program services were 72.6% 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.

  • 1c · Fundraising events

    $1,632,528

  • 1f · All other contributions, gifts and grants

    $1,451,662

  • 1g · Noncash contributions included above

    $312,540

  • 3 · Investment income

    total $130,631 · excluded $130,631

  • 7a · Gross sales of assets other than inventory

    securities $1,819,064

  • 7b · Less cost or other basis and sales expenses

    securities $1,666,331

  • 7c · Gain or loss

    securities $152,733

  • 7d · Net gain or loss

    total $152,733 · excluded $152,733

  • 8a · Fundraising events: gross income

    $80,083

  • 8a · Fundraising events: contributions included on line 1c

    $1,632,528

  • 8b · Fundraising events: direct expenses

    $130,486

  • 8c · Net income from fundraising events

    total -$50,403 · excluded -$50,403

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,862 · program services $36,862

  • 5 · Compensation of officers, directors and key employees

    total $365,271 · program services $275,807 · management and general $38,862 · fundraising $50,602

  • 7 · Other salaries and wages

    total $1,073,184 · program services $803,309 · management and general $115,486 · fundraising $154,389

  • 9 · Other employee benefits

    total $43,811 · program services $39,259 · management and general $3,512 · fundraising $1,040

  • 10 · Payroll taxes

    total $111,512 · program services $82,892 · management and general $12,534 · fundraising $16,086

  • 11b · Fees: legal

    total $472,924 · program services $472,086 · management and general $838

  • 11c · Fees: accounting

    total $74,587 · management and general $74,587

  • 11f · Fees: investment management

    total $30,643 · management and general $30,643

  • 11g · Fees: other

    total $189,222 · program services $53,834 · management and general $135,388

  • 12 · Advertising and promotion

    total $21,027 · program services $20,127 · fundraising $900

  • 13 · Office expenses

    total $32,677 · program services $10,801 · management and general $20,038 · fundraising $1,838

  • 14 · Information technology

    total $66,843 · program services $44,781 · management and general $4,647 · fundraising $17,415

  • 16 · Occupancy

    total $20,658 · program services $11,706 · management and general $8,952

  • 17 · Travel

    total $58,821 · program services $43,486 · management and general $12,259 · fundraising $3,076

  • 19 · Conferences, conventions and meetings

    total $88,269 · program services $79,056 · management and general $9,213

  • 22 · Depreciation, depletion and amortization

    total $19,395 · program services $18,523 · management and general $313 · fundraising $559

  • 23 · Insurance

    total $6,605 · program services $19 · management and general $6,586

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $102,011 · program services $49,842 · management and general $35,574 · fundraising $16,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $280,645 · end of year $30,552

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $291,515

  • 3 · Pledges and grants receivable

    beginning of year $38,837 · end of year $14,653

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,133 · end of year $45,525

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

    $163,631

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

    $81,567

  • 10c · Land, buildings and equipment, net

    beginning of year $51,929 · end of year $82,064

  • 11 · Investments: publicly traded securities

    beginning of year $2,615,551 · end of year $4,242,405

  • 12 · Investments: other securities

    beginning of year $1,282,447 · end of year $227,360

  • 15 · Other assets

    beginning of year $109,793 · end of year $92,697

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,708 · end of year $21,735

  • 25 · Other liabilities

    beginning of year $42,458 · end of year $19,970

  • 27 · Net assets without donor restrictions

    beginning of year $4,266,169 · end of year $4,985,066

  • 28 · Net assets with donor restrictions

    beginning of year $75,000 · end of year $0

Mission and programs · 2023

Mission

HAF ADVANCES THE UNDERSTANDING OF HINDUISM TO SECURE THE RIGHTS AND DIGNITY OF HINDU AMERICANS NOW AND FOR GENERATIONS TO COME.

  • EDUCATION - WE WORK WITH STATE BOARDS OF EDUCATION AND PUBLISHERS TO ENSURE HINDUISM IS PORTRAYED ACCURATELY AND FAIRLY IN PUBLIC SCHOOL TEXTBOOKS. WE SUPPLY TEACHERS AND STUDENTS WITH TRAINING AND SUPPLEMENTARY RESOURCES TO ENHANCE THEIR ABILITY TO TEACH AND UNDERSTAND THE HINDU TRADITION.

    Expenses $1,095,515 · Grants $11,862

  • ADVOCACY - WE PROVIDE DIVERSITY TRAININGS TO LAW ENFORCEMENT AGENCIES, WORKPLACES AND COLLEGE CAMPUSES. WE EDUCATE POLICYMAKERS AND CHANNEL THE CONCERNS OF THE COMMUNITY ON ISSUES SUCH AS NON-DISCRIMINATION IN THE WORKPLACE AND THE RIGHT TO DISPLAY RELIGIOUS SYMBOLS. WE PURSUE IMPACT LITIGATION AND OFFER SEMINARS AND CONSULTATION SERVICES WHEN THE CIVIL RIGHTS OF HINDU AMERICANS ARE AT RISK.

    Expenses $946,875 · Grants $25,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mihir Meghani

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Rishi Bhutada

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Rajiv Pandit

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Arjun Bhagat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rajeev Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Kavita Pallod Sekhsaria

    DIRECTOR (FROM MAY 2024)

    Total calculated
    $0
    Hours/week
    5
  • Prerana Katti-Raikar

    DIRECTOR (FROM OCT 2023)

    Total calculated
    $0
    Hours/week
    2
  • Vikram Sheshadri

    DIRECTOR (FROM AUG 2023)

    Total calculated
    $0
    Hours/week
    2
  • Sheetal Shah

    CFO

    Total calculated
    $114,722
    From this org
    $114,722
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Suhag Shukla

    EXECUTIVE DIRECTOR

    Total calculated
    $111,788
    From this org
    $111,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Samir Kalra

    MANAGING DIRECTOR

    Total calculated
    $129,715
    From this org
    $107,346
    From related orgs
    $0
    Other
    $22,369
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 February 2025
IRS schema version
2023v6.0
Source object
202510429349301336

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

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