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Nonprofiteer
← LEAGUE OF VAISHNAVA ENTREPRENUERS INC

Form 990 for tax year 2022

Filed by LEAGUE OF VAISHNAVA ENTREPRENUERS INC.

Totals

Total revenue
$1,650,533
Total expenses
$1,750,175
Contributions and grants received
$1,650,000
Grants paid
$1,750,175
Program service revenue
$0
Investment income
$533
Other revenue
$0
Total assets, end of year
$222
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$222
Program services expenses (Part IX)
$1,750,175
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,745,000

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,650,000

  • 3 · Investment income

    total $533 · related or exempt $533

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,750,175 · program services $1,750,175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,863 · end of year $222

  • 27 · Net assets without donor restrictions

    beginning of year $99,863 · end of year $222

  • 31 · Retained earnings, endowment or other funds

    beginning of year $99,863 · end of year $222

Mission and programs · 2022

Mission

Creating educational media, feeding poor, comforting homeless consistent with the spiritual authority of the Vedas for the making of distributions to organizations that qualify as exemp

Activities or mission (Part I)

To expand and support the mission of the one Supreme Lord through the teachings of His Divine Grace AC Bhaktivedanta Swami Pra

  • With the explicit permission of the private foundation donor, and consistent with its bylaws and stated charitable purposes, the organization distributed collected funds to another charity - the International Society for Krishna Consciousness (ISKCON). As with L.O.V.E., ISKCON is a legally recognized charitable entity operating within the traditional system of Parampara, with stated stated goals of providing education and food relief. Consistent with Rev. Procedure 2017-53 LOVE tax counsel performed an equivalency determination with ISKCON determined to be equivalent to a domestic church for U.S. tax Purposes Determination is available upon request to past or prospective donors.

    Expenses $1,745,000 · Grants $1,745,000

As filed on the 2022 return.

Listed in Part VII

  • KRISHNA IKA

    Director and President

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • PRASUNA IKA

    Director Vice Pres

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GRAEME DUNCAN

    Director Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343139349305789

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