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Nonprofiteer
← SAI AASHRAYA INC

Form 990 for tax year 2023

Filed by SAI AASHRAYA INC.

Totals

Total revenue
$1,780,399
Total expenses
$1,903,660
Contributions and grants received
$1,780,264
Grants paid
$1,865,918
Program service revenue
$0
Investment income
$135
Other revenue
$0
Total assets, end of year
$85,757
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$85,757
Program services expenses (Part IX)
$1,865,918
Management and general expenses
$37,742
Fundraising expenses
$0
Program service expenses (Part III)
$1,865,918

Program services were 98.0% 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

    $144,522

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,635,742

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $135 · related or exempt $135 · 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 $1,865,918 · program services $1,865,918

  • 20 · Interest

    total $36,667 · management and general $36,667

  • 24a · Other expenses: Bank charges (A/c Maintenance & Wire Fees)

    total $1,075 · program services $0 · management and general $1,075 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,072 · end of year $37,427

  • 11 · Investments: publicly traded securities

    beginning of year $36,472 · end of year $48,330

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $98,544 · end of year $85,757

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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 primary focus on Mother & Child Care (OBGYN) and Adult & Children Cardiac Care. The Hospital campus hosts four building blocks - Hospital Block, Kitchen & Nurses Block, Attendants Accommodation block and the Doctors Accommodation Block. All services in the Hospital (Diagnostics, Treatment & Surgery, Medicines and Post-treatment care) will be provided for free to the most under-served people and from the most-underserved locations. The all inclusive care also includes free food & accommodation for the patients, doctors and staff. The Hospital is envisaged to be energy neutral with its own solar energy based power generation. The grant facilitates the ongoing rapid construction of the Hospital and the allied building blocks. By the end of 2023 nearly 85% of the construction have been completed. The expected commissioning is still envisaged to be before the end of 2024. Uniquely, all of the construction staff of the Hospital campus are given free accommodation, food and medical attention and as a result work on building this Temple of Healing (Hospital campus) with much love.

    Expenses $1,500,000 · Grants $1,500,000

  • Provide Food & Nutrition 24/7 to the most under-served communities & in under-served locations. Post COVID, we have resumed and expanded our schools and locations. Over 6.5 million meals have been served for free from Breakfast for school going children and children from impoverished neighborhoods to midnight food service for truck drivers at highway checkposts.

    Expenses $200,000 · Grants $200,000

  • Provide Medical Care, Education and Social Welfare (village adoption) for the under-served communities in under-served locations. Treated over 90,000 patients through Medical camps, serving, children to the elderly in impoverished & leprosy afflicted communities and in under-served locations like Arunachal Pradesh (at 14,000ft above sea-level); Adopted nine schools, six villages and provided all essential household needs, assistance with education, skills training and jobs placement.

    Expenses $165,918 · Grants $165,918

As filed on the 2023 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
    30
  • Venkatraman Kalyanasundaram

    Treasurer

    Total calculated
    $0
    Hours/week
    30
  • Ramesh Lakshminarayanan

    Director

    Total calculated
    $0
    Hours/week
    20
  • Dinesh Swaminathan

    -

    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
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202411369349306006

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