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Nonprofiteer
← SAI AASHRAYA INC

Form 990 for tax year 2024

Filed by SAI AASHRAYA INC.

Totals

Total revenue
$1,361,633
Total expenses
$1,319,013
Contributions and grants received
$1,349,059
Grants paid
$1,028,247
Program service revenue
$0
Investment income
$12,574
Other revenue
$0
Total assets, end of year
$128,378
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$128,378
Program services expenses (Part IX)
$1,028,247
Management and general expenses
$290,766
Fundraising expenses
$0
Program service expenses (Part III)
$1,028,247

Program services were 78.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $20

  • 1f · All other contributions, gifts and grants

    $1,349,039

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $12,574 · related or exempt $12,574 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $1,028,247 · program services $1,028,247

  • 20 · Interest

    total $30,155 · management and general $30,155

  • 24a · Other expenses: Loan Principal Repayment

    total $258,218 · program services $0 · management and general $258,218

  • 24b · Other expenses: Bank Charges (A/c Maintenance, Wire Charges..)

    total $2,393 · program services $0 · management and general $2,393

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,427 · end of year $128,378

  • 11 · Investments: publicly traded securities

    beginning of year $48,331 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $441,782

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    end of year -$441,782

  • 27 · Net assets without donor restrictions

    beginning of year $85,758 · end of year $128,378

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Serve Individuals and Communities in the areas of Food & Nutrition, Health, Education & Social Welfare

Activities or mission (Part I)

Serve Individuals and Communities in the areas of Food & Nutrition, Health, Education and Social Welfare

  • Build a 220-bed Super Speciality Hospital in Vemagal District, Karnataka, India with the primary focus on Mother & Child care (OBGYN) and Adult & Children Cardiac Care. The Hospital Campus hosts four blocks - Hospital Block, Kitchen & Nurses Block, Attendants Accommodation Block and Doctors' Accommodation Block. All services in the Hospital (diagnostics, treatment & surgery, medicines and post treatment care) will be provided Free to people in the most under-served communities and from most under-served locations. Food & Accommodation for the patients, attendants and doctors and staff will be provided for free in the campus. Notably, the Hospital campus will not have a billing counter. This grant facilitated the ongoing rapid construction of the Hospital and the allied buildings. By end of 2024, nearly 95% of the construction have been completed. The expected commissioning of the Hospital is envisaged to be in the second half of 2025. Uniquely, all construction staff are provided accommodation, food and medical attention for free, while they work on our Temple of Healing (Hospital) with much Love.

    Expenses $750,000 · Grants $750,000

  • Provide Food & Nutrition to the most underserved communities and in underserved locations. 7.5million fresh, healthy meals have been served to children in 9 adopted schools impacting the lives of 2000+ students and in underserved communities.

    Expenses $150,000 · Grants $150,000

  • Provide Medical Care, Education and Social Welfare (village adoption) for the most underserved communities and in the most underserved locations; Treated over 95,000+ patients with holistic healthcare across India through Medical camps, serving children to the elderly in impoverished & leprosy afflicted communities and in underserved locations like Tawang, Arunachal Pradesh (at 14,000 ft above sea-level). Adopted nine schools and six villages and provided household needs, assistance with education, skills training, registering with govt. programs and jobs placement.

    Expenses $128,247 · Grants $128,247

As filed on the 2024 return.

Listed in Part VII

  • Sai Prasad Venkatachalam

    Founder & President

    Total calculated
    $0
    Hours/week
    80
  • Sarika Dhareshwar

    Co-Founder

    Total calculated
    $0
    Hours/week
    80
  • Aruna Narayanan

    Secretary

    Total calculated
    $0
    Hours/week
    60
  • Venkatraman Kalyanasundaram

    Treasurer

    Total calculated
    $0
    Hours/week
    50
  • Dinesh Swaminathan

    Treasurer

    Total calculated
    $0
    Hours/week
    40
  • Ramesh Lakshminarayanan

    Director

    Total calculated
    $0
    Hours/week
    20
  • Bharadwaj Swaminathan

    -

    Total calculated
    $0
    Hours/week
    20
  • Aditya Kurulkar

    -

    Total calculated
    $0
    Hours/week
    20
  • Vikram Sridhar

    -

    Total calculated
    $0
    Hours/week
    20

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202541349349300339

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