Himalayan Academy FY2021 filing

Tax-deductible

Kapaa, HI501(c)(3)EIN 23-7062033

Hindu religious education. Our most significant activities include: hinduism today magazine, creation, sales and giveaway of our hindu publications, lectures, travel study programs and other education programs.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $43K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $109K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$274K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$904K
+30% vs prior year
Spent
$720K
To programs
71%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$904K
FY2021▲ +30%
Revenue by fiscal year
FY2020$696K
FY2021$904K
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
Expenses
$720K
FY2021▲ +50%
Expenses by fiscal year
FY2020$479K
FY2021$720K
FY2022$1.1M
FY2023$1.3M
FY2024$1.3M
Net assets
$1.3M
FY2021▲ +17%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.3M
FY2023$1.1M
FY2024$1.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1970.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $508K Management & general 29% · $211K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Himalayan Academy executive salaries →

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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

Offers Hindu religious education through publications, lectures, and study programs.

Provided by the organization

This section is blank until Himalayan Academy claims this page.

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3 program services account for $506K of program spending, described in the organization's own filed words · FY2021.
01

Publication Sales

Sales of publications on hinduism produced by himalayan academy. Estimated purchasers: 12,000.

$230Kprogram expense
02

Hinduism Today

A quarterly international magazine reporting on current global events in hinduism, hindu teachings and related subjects. Estimated worldwide readership: 130,000.

$165Kprogram expense
03

Giveaway Publications

Distribution of free hindu publications.

$112Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 1 grant · $6K · 2021–2021
Saiva Siddhanta ChurchHI · FY2021$6,439

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$904K
Ln 12
Fees for servicesLn 2g$613K
Gifts and grantsLn 1h$291K
Money outPt IX
$720K
Ln 25
Programscol B$508K
Managementcol C$211K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.6M
LiabilitiesLn 26$274K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$291K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$613K
Total revenueLn 12$904K
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$1.6M
LiabilitiesLn 26$274K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$714K$1.0M
Total assetsLn 16$1.3M$1.6M
LiabilitiesLn 26$185K$274K
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$40K$37K$4K
Information technologyLn 14$24K$24K
OccupancyLn 16$46K$42K$4K
TravelLn 17$2K$2K
Payments to affiliatesLn 21$189K$189K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$393K$393K$0
Total functional expensesLn 25$720K$508K$211K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.3M−$14K$1.1M 990 PDF
FY2023 $1.2M$1.3M−$182K$1.1M 990 PDF
FY2022 $1.1M$1.1M$9K$1.3M 990 PDF
FY2021 Viewing $904K$720K$184K$1.3M 990 PDF
FY2020 $696K$479K$216K$1.1M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $903,786 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$107,049
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$183,878
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$290,927
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $545,895 · Unrelated business $66,964 · Excluded from tax $0$612,859
VIII-12 Total revenueRelated to mission $545,895 · Unrelated business $66,964 · Excluded from tax $0$903,786
Part IX · Statement of functional expenses $719,566 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $10,519$10,519
IX-11c Accounting feesManagement $1,680$1,680
IX-12 Advertising and promotionManagement $3,496$3,496
IX-13 Office expensesPrograms $36,516 · Management $3,945$40,461
IX-14 Information technologyPrograms $24,044$24,044
IX-16 OccupancyPrograms $42,119 · Management $3,960$46,079
IX-17 TravelPrograms $1,944$1,944
IX-21 Payments to affiliatesManagement $188,918$188,918
IX-23 InsuranceManagement $9,367$9,367
IX-24 Other expenses (24a–d)Programs $393,058 · Management $0$393,058
IX-25 Total functional expensesPrograms $508,200 · Management $211,366 · Fundraising $0$719,566
Part X · Balance sheet $1,559,341 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $714,137$1,019,121
X-8 Inventories for sale or useStart of year $571,919$540,220
X-16 Total assetsStart of year $1,286,056$1,559,341
X-17 Accounts payable and accrued expensesStart of year $153,464$237,263
X-19 Deferred revenueStart of year $31,360$36,626
X-26 Total liabilitiesStart of year $184,824$273,889
X-27 Net assets without donor restrictionsStart of year $1,101,232$1,285,452
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,101,232$1,285,452
X-33 Total liabilities and net assetsStart of year $1,286,056$1,559,341
Part XI · Reconciliation of net assets $1,285,452 net assets at year end
XI-1 Total revenue$903,786
XI-2 Total expenses$719,566
XI-3 Revenue less expenses$184,220
XI-4 Net assets at start of year$1,101,232
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,285,452

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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