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← BRAHMANANDA SARASWATI YAGYA FOUNDATION

Form 990 for tax year 2023

Filed by BRAHMANANDA SARASWATI YAGYA FOUNDATION.

Totals

Total revenue
$9,340,950
Total expenses
$9,149,310
Contributions and grants received
$9,047,341
Grants paid
$7,136,400
Program service revenue
$0
Investment income
$293,609
Other revenue
$0
Total assets, end of year
$16,295,905
Total liabilities, end of year
$198,377
Net assets or fund balances, end of year
$16,097,528
Program services expenses (Part IX)
$8,547,872
Management and general expenses
$415,320
Fundraising expenses
$186,118
Program service expenses (Part III)
$8,547,872

Program services were 93.4% 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.

  • 1f · All other contributions, gifts and grants

    $9,047,341

  • 1g · Noncash contributions included above

    $99,418

  • 3 · Investment income

    total $184,826 · excluded $184,826

  • 7a · Gross sales of assets other than inventory

    securities $3,531,411

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

    securities $3,422,628

  • 7c · Gain or loss

    securities $108,783

  • 7d · Net gain or loss

    total $108,783 · excluded $108,783

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,334,690 · program services $2,334,690

  • 3 · Grants to foreign organizations and individuals

    total $4,801,710 · program services $4,801,710

  • 5 · Compensation of officers, directors and key employees

    total $36,784 · management and general $36,784

  • 7 · Other salaries and wages

    total $46,000 · program services $46,000

  • 10 · Payroll taxes

    total $7,102 · program services $4,193 · management and general $2,909

  • 11a · Fees: management

    total $3,588 · management and general $3,588

  • 11c · Fees: accounting

    total $44,165 · management and general $44,165

  • 11g · Fees: other

    total $427,707 · program services $427,707

  • 13 · Office expenses

    total $183,284 · program services $60 · management and general $8,739 · fundraising $174,485

  • 14 · Information technology

    total $957,671 · program services $725,804 · management and general $220,234 · fundraising $11,633

  • 17 · Travel

    total $82,837 · program services $82,837

  • 20 · Interest

    total $13,823 · program services $13,823

  • 22 · Depreciation, depletion and amortization

    total $102,904 · program services $102,904

  • 23 · Insurance

    total $7,331 · program services $6,598 · management and general $733

  • 24a · Other expenses: SHARE OF MVI INCOME

    total $65,031 · management and general $65,031

  • 24b · Other expenses: SHARE OF MRRVE INCOME

    total $33,137 · management and general $33,137

  • 24c · Other expenses: OTHER EXPENSES

    total $1,546 · program services $1,546

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,473,452 · end of year $609,442

  • 2 · Savings and temporary cash investments

    beginning of year $2,172,129 · end of year $1,052,093

  • 4 · Accounts receivable

    beginning of year $37,324 · end of year $36,569

  • 9 · Prepaid expenses and deferred charges

    beginning of year $362,795 · end of year $348,938

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

    $79,116

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

    $14,400

  • 10c · Land, buildings and equipment, net

    beginning of year $68,050 · end of year $64,716

  • 11 · Investments: publicly traded securities

    beginning of year $2,241,621 · end of year $2,810,027

  • 13 · Investments: program-related

    beginning of year $9,463,670 · end of year $11,174,612

  • 14 · Intangible assets

    beginning of year $232,253 · end of year $199,508

  • 17 · Accounts payable and accrued expenses

    beginning of year $250,862 · end of year $195,347

  • 25 · Other liabilities

    beginning of year $2,476 · end of year $3,030

  • 27 · Net assets without donor restrictions

    beginning of year $15,797,956 · end of year $16,097,528

Mission and programs · 2023

Mission

BRAHMANANDA SARASWATI YAGYA FOUNDATION'S MISSION IS TO SUPPORT THE EXPANSION OF VEDIC KNOWLEDGE IN THE WORLD AND ESPECIALLY THE KNOWLEDGE AND PRACTICE OF VEDIC YAGYA PERFORMANCES TO PROMOTE HARMONY AND PROGRESS ON EVERY LEVEL OF LIFE.

Activities or mission (Part I)

SEE PAGE 2 PART III #1 FOR DETAIL.

  • SUPPORT OF VEDIC PANDITS IN INDIA TO SUPPORT THE EXPANSION OF VEDIC KNOWLEDGE IN THE WORLD AND PROMOTE HARMONY AND PROGRESS ON EVERY LEVEL OF LIFE.

    Expenses $3,671,767 · Grants $3,671,767

  • SUPPORT OF VEDIC PANDITS IN NEPAL TO SUPPORT THE EXPANSION OF VEDIC KNOWLEDGE IN THE WORLD AND PROMOTE HARMONY AND PROGRESS ON EVERY LEVEL OF LIFE.

    Expenses $1,009,263 · Grants $1,009,263

  • VEDIC PROJECT DEVELOPMENT AND EXPANSION PROJECTS IN SWITZERLAND.

    Expenses $619,959 · Grants $619,959

  • VEDIC PROJECT DEVELOPMENT AND EXPANSION PROJECTS WORLDWIDE.

    Expenses $3,246,883 · Grants $2,544,603

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

Listed in Part VII

  • NEIL PATERSON

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • RICHARD BOYLAND

    TREASURER AND DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • MICHAEL BUSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • SATINDER SWAROOP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SURESH CHATRANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAVI PATEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN PETERSEN

    SECRETARY

    Total calculated
    $24,784
    From this org
    $24,784
    From related orgs
    $0
    Other
    $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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MAHARISHI RAM RAJ VEDIC EDUCATION

    C · EDUCATION · IN · 99.96% owned · share of income -$33,004 · share of assets $4,537,557 · controlled entity

    Directly controlled by BSYF

  • MAHARISHI VEDIC INSTITUTE PVT LTD

    C · EDUCATION · NP · 100% owned · share of income -$65,031 · share of assets $1,308,345 · controlled entity

    Directly controlled by BSYF

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202442999349301429

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