Vedics Foundation INC FY2024 filing

Tax-deductible

Chantilly, VA501(c)(3)ReligionEIN 01-0783522Revenue $50K in FY2024

On file with the IRS42991 Center St, 20152-2037 · Chantilly, VATax-exempt since Sep 2004Publicly supported — 509(a)(2)

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Religious organization that facilitate and support hindu religious principles in US and in india by conductiong classess and events for tamil and sanskrit vedas.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $10K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
358 mo
of spending, in cash
Looks good: 358.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
-0.9% vs prior year
Spent
$21K
To programs
69%
Net assets
$616K
By yearFY2020–FY2025
Revenue
$50K
FY2024▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$60K
FY2022$43K
FY2023$50K
FY2024$50K
FY2025$80K
Expenses
$21K
FY2024▼ -83%
Tap a bar for its year
Expenses by fiscal year
FY2020$16K
FY2021$34K
FY2022$105K
FY2023$119K
FY2024$21K
FY2025$17K
Net assets
$616K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$692K
FY2021$718K
FY2022$655K
FY2023$587K
FY2024$616K
FY2025$692K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $14K Management & general 31% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches Hindu principles and Vedas through classes and events for Tamils and Sanskrit speakers.

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Provided by the organization

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1 program · $14K · in their own filed words · FY2024
01

Supported temple communities world wide including support for cows, provided sri vaishnava related eductaion world wide. Conducted classes to spread the worlds of azhwars, acharyas world wide. Conducted online classes and weekend lecture sessions with lectures from india. Supported mobile gosalas in india.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$28K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$50K
Ln 12
Gifts and grantsLn 1h$50K
Investment incomeLn 3$2
Money outPt IX
$21K
Ln 25
Programscol B$14K
Managementcol C$6K
Owns and owesPt X
$616K
net assets · Ln 32
Cash and savingsLn 1–2$616K
Total assetsLn 16$616K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Investment incomeLn 3$2
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$616K
Cash and savings togetherLn 1–2$616K
Total assetsLn 16$616K
LiabilitiesLn 26$0
Net assetsLn 32$616K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$582K$616K
Total assetsLn 16$587K$616K
LiabilitiesLn 26$0$0
Net assetsLn 32$587K$616K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$806$806
Accounting feesLn 11c$380$380
Office expensesLn 13$5K$5K
Other expenses (24a–d)Ln 24$14K$14K$11
Total functional expensesLn 25$21K$14K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $80K$17K$64K$692K 990 PDF
FY2024 Viewing $50K$21K$29K$616K 990 PDF
FY2023 $50K$119K−$68K$587K 990 PDF
FY2022 $43K$105K−$62K$655K 990 PDF
FY2021 $60K$34K$26K$718K 990 PDF
FY2020 $85K$16K$69K$692K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $49,684 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,009$49,682
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,131$2
I-11 Other revenue$0
I-12 Total revenuePrior year $50,140$49,684
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $118,536$20,644
I-18 Total expensesPrior year $118,536$20,644
I-19 Revenue less expensesPrior year −$68,396$29,040
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $49,684 across 6 lines filed
VIII-1b Membership dues$5,392
VIII-1f All other contributions, gifts and grants$44,290
VIII-1h Total contributions, gifts and grants$49,682
VIII-3 Investment incomeRelated to mission $2$2
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2 · Unrelated business $0 · Excluded from tax $0$49,684
Part IX · Statement of functional expenses $20,644 across 4 lines filed
IX-11a Management feesManagement $806$806
IX-11c Accounting feesManagement $380$380
IX-13 Office expensesManagement $5,226$5,226
IX-24 Other expenses (24a–d)Programs $14,221 · Management $11$14,232
IX-25 Total functional expensesPrograms $14,221 · Management $6,423 · Fundraising $0$20,644
Part X · Balance sheet $615,954 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $581,914$615,954
X-16 Total assetsStart of year $586,914$615,954
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $586,914$615,954
X-33 Total liabilities and net assetsStart of year $586,914$615,954
Part XI · Reconciliation of net assets $615,954 net assets at year end
XI-1 Total revenue$49,684
XI-2 Total expenses$20,644
XI-3 Revenue less expenses$29,040
XI-4 Net assets at start of year$586,914
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$615,954

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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