Lalitha Peetham FY2022 filing

Tax-deductible

Plano, TX501(c)(3)ReligionEIN 26-3783597

The temple is organized and operated exclusively for religious, charitable, education purpose, and to have a place of worship.

501(c)(3) charity; gifts are tax-deductible.
4¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
4 of 5
filings with a surplus
Average surplus $11K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
4%
of spending
Concern: 4% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$38K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$187K
-13% vs prior year
Spent
$171K
To programs
4%
Net assets
$100K
By yearFY2020–FY2024
Revenue
$187K
FY2022▼ -13%
Revenue by fiscal year
FY2020$200K
FY2021$216K
FY2022$187K
FY2023$224K
FY2024$193K
Expenses
$171K
FY2022▼ -21%
Expenses by fiscal year
FY2020$198K
FY2021$217K
FY2022$171K
FY2023$210K
FY2024$171K
Net assets
$100K
FY2022▲ +22%
Net assets by fiscal year
FY2020$38K
FY2021$82K
FY2022$100K
FY2023$98K
FY2024$121K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Oct 2009.

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

Where the money goes

4 cents of each dollar spent went to programs.

Program services 4% · $7K Management & general 96% · $164K

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
$0Pt VII · Sec A

Jayasri Sankaramanchi’s $26K as Director is at the 25th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Lalitha Peetham 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides a place of worship and supports religious, charitable, and educational activities.

Provided by the organization

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1 program service account for $7K of program spending, described in the organization's own filed words · FY2022.
01

Temple reporting hindu religious activities such as poojas and archanas for devotees

$7Kprogram 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$187K
Ln 12
Gifts and grantsLn 1h$97K
Fees for servicesLn 2g$88K
Other incomeLn 4–11$3K
Money outPt IX
$171K
Ln 25
Programscol B$7K
Managementcol C$164K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$138K
LiabilitiesLn 26$38K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Government grantsLn 1e$97K
Fees for servicesLn 2g$88K
Other incomeLn 4–11$3K
Total revenueLn 12$187K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$20K
Cash and savings togetherLn 1–2$64K
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$36K
Total assetsLn 16$138K
LiabilitiesLn 26$38K
Net assetsLn 32$100K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$98K$64K
Land, buildings, equipmentLn 10c$26K$24K
Total assetsLn 16$172K$138K
LiabilitiesLn 26$91K$38K
Net assetsLn 32$82K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$72K$72K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$930$930
OccupancyLn 16$70K$70K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$13K$13K
All other expensesLn 24e$7K$7K$552
Total functional expensesLn 25$171K$7K$164K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $193K$171K$21K$121K 990 PDF
FY2023 $224K$210K$14K$98K 990 PDF
FY2022 Viewing $187K$171K$17K$100K 990 PDF
FY2021 $216K$217K−$445$82K 990 PDF
FY2020 $200K$198K$2K$38K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $187,171 across 5 lines filed
VIII-1e Government grants$96,672
VIII-1h Total contributions, gifts and grants$96,672
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $87,526$87,526
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,973$2,973
VIII-12 Total revenueRelated to mission $90,499 · Unrelated business $0 · Excluded from tax $0$187,171
Part IX · Statement of functional expenses $170,515 across 8 lines filed
IX-7 Other salaries and wagesManagement $72,000$72,000
IX-10 Payroll taxesManagement $3,213$3,213
IX-11c Accounting feesManagement $2,970$2,970
IX-11g Other fees for servicesManagement $930$930
IX-16 OccupancyManagement $69,802$69,802
IX-22 Depreciation, depletion and amortizationManagement $1,300$1,300
IX-23 InsuranceManagement $13,124$13,124
IX-24e All other expensesPrograms $6,624 · Management $552$7,176
IX-25 Total functional expensesPrograms $6,624 · Management $163,891 · Fundraising $0$170,515
Part X · Balance sheet $137,919 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $77,965$43,544
X-2 Savings and temporary cash investmentsStart of year $20,021$20,021
X-10c Land, buildings and equipment, netStart of year $25,951$23,778
X-14 Intangible assetsStart of year $15,000$15,000
X-15 Other assetsStart of year $33,403$35,576
X-16 Total assetsStart of year $172,340$137,919
X-25 Other liabilitiesStart of year $90,629$38,257
X-26 Total liabilitiesStart of year $90,629$38,257
X-32 Total net assets or fund balancesStart of year $81,711$99,662
X-33 Total liabilities and net assetsStart of year $172,340$137,919
Part XI · Reconciliation of net assets $99,662 net assets at year end
XI-1 Total revenue$187,171
XI-2 Total expenses$170,515
XI-3 Revenue less expenses$16,656
XI-4 Net assets at start of year$81,711
XI-9 Other changes in net assets$1,295
XI-10 Net assets at end of year$99,662

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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