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Om Foundation INC EIN 26-3534277 Form 990 (PDF) Claim this org

Om Foundation INC

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Sponsor charitable activities and follow spiritual teachings of Shri Shirdi Sai Baba. For fiscal year 2024 it reported $267K in revenue, $142K in expenses, and $10K in net assets.Pt I

Type
Religious organization · Religion
Location
Middletown, CT
Filings
6 on file (2019–2024)
Revenue
$267KFY2024
Expenses
$142K
Net assets
$10K
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-3534277 Religious organization Middletown, CT
Form 990 (PDF)
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Size
$100K–1M
What they do
Sponsor charitable activities and follow spiritual teachings of Shri Shirdi Sai Baba.
Leadership
Srinivas Jonnakota · Director
Money in and out
$267K revenue, $142K expenses
Bottom line
60% program efficiency
Where the money goes · FY2024
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $124K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.30 Fundraising $0.10
Program efficiency
60%
of spending reaches programs<0.01% vs prior filing year
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate▼ -96% vs prior filing year
Surplus margin
+47%
revenue over expenses, this year▼ -29% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$267K
FY2024▼ -35%
Expenses
$142K
FY2024▲ +2%
Total assets
$18K
FY2024▼ -99%
Total liabilities
$8K
FY2024▼ -93%
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$124K
Total assetsPt X · Ln 16$18K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COm Foundation INC
EINHdr · item D26-3534277
Principal addressHdr · item CMiddletown, CT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X70)
Ruling yearIRS BMFMar 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Murthy Kandarpa
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sreedhar Arvapalli
Exec Com Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $85K of program spending, described in the organization's own filed words · FY2024.
01

To follow the spiritual teachings of shri shirdi sai baba through sai satcharita and to sponsor charitable activities in the united states.

$85Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$232K · 87%
Program service revenue$35K · 13%
Contributions & grants87%$232K
Program service revenue13%$35K
Total revenueLn 12$267K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.30 Fundraising $0.10
Program services60%$85K
Management & general30%$43K
Fundraising10%$14K
Total functional expensesLn 25$142K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$18K
Total liabilitiesLn 26$8K
Total net assetsLn 32$10K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18K · Operating expenses/yr $142K
1.5 months
Where the money goes
Program services
Program services $85K · Total expenses $142K
60%
Management & General
Management & general $43K · Total expenses $142K
30%
Fundraising
Fundraising $14K · Total expenses $142K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $15K · Solicited contributions (3-yr avg) $276K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $232K · Total revenue $267K
87%
Government reliance
Government grants — · Total revenue $267K
—
Earned-income share
Program service revenue $35K · Total revenue $267K
13%
Investment reliance
Investment income $0 · Total revenue $267K
0%
Program self-sufficiency
Program service revenue $35K · Total expenses $142K
24%
Growth & trend
Revenue growth (YoY)
This year $267K · Prior year $410K
-35%
Revenue CAGR
FY2019 $292K · FY2024 $267K
-2%
Net-asset trend (YoY)
End of year $10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $267K · Expenses $142K
+47%
Liabilities-to-Assets
Total liabilities — · Total assets $18K
—
Net-asset ratio
Net assets $10K · Total assets $18K
57%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $18K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Srinivas Jonnakota · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $142K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $79K · Total expenses $142K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%——
Overhead ratio 30%——
Fundraising cost ratio 6%——
Revenue growth -35%——
Investment management fee ratio 0%——
Legal fee ratio 2%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$20K
Charities Aid Foundation AmericaFY2024$10K
Total grants receivedfrom 2 funders$30K
Grants paid · 1 grant · $12K · 2019–2019
Unitemized GrantFY2019$12,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$267K revenue · viewing · ⤓ 990 PDF
FY2023$410K revenue · ⤓ 990 PDF
FY2022$526K revenue · ⤓ 990 PDF
FY2021$332K revenue · ⤓ 990 PDF
FY2020$384K revenue · ⤓ 990 PDF
FY2019$292K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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