Sai Temple INC FY2022 filing

Tax-deductible

Malvern, PA501(c)(3)ReligionEIN 27-0302193Revenue $517K in FY2022

On file with the IRS170 Planebrook Rd, 19355-1527 · Malvern, PATax-exempt since Apr 2010Church — 170(b)(1)(A)(i)

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Religous service

501(c)(3) charity; gifts are tax-deductible.
100¢ 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 $95K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$517K
+22% vs prior year
Spent
$470K
To programs
100%
Net assets
$256K
By yearFY2020–FY2024
Revenue
$517K
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$234K
FY2021$423K
FY2022$517K
FY2023$645K
FY2024$738K
Expenses
$470K
FY2022▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$247K
FY2021$355K
FY2022$470K
FY2023$347K
FY2024$662K
Net assets
$256K
FY2022▼ -59%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$630K
FY2022$256K
FY2023$554K
FY2024$630K

From the FY2022 Form 990 · see the original

990 PDF Claim
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 Apr 2010.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $470K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Executive Vice President
$0Pt VII · Sec A
See Sai Temple INC 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 15aYes

Programs and updates

Sai Temple INC is a religious organization based in Malvern, PA.

Questions for Sai Temple INC

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Provided by the organization

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1 program · $470K · in their own filed words · FY2022
01

Religious service

$470Kprogram 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$5K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$517K
Ln 12
Gifts and grantsLn 1h$517K
Money outPt IX
$470K
Ln 25
Programscol B$470K
Owns and owesPt X
$256K
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$517K
Total revenueLn 12$517K
Assets in detailPt X, end of year
CashLn 1$282K
Cash and savings togetherLn 1–2$282K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$272K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.3M
Net assetsLn 32$256K
OperationsPt I, VI
EmployeesI 53
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$271K$282K
Land, buildings, equipmentLn 10c$1.9M$1.9M
Total assetsLn 16$2.5M$2.6M
LiabilitiesLn 26$1.9M$2.3M
Net assetsLn 32$630K$256K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$53K$53K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$245$245
Office expensesLn 13$279$279
InterestLn 20$88K$88K
Depreciation, depletion and amortizationLn 22$57K$57K
Other expenses (24a–d)Ln 24$18K$18K
All other expensesLn 24e$235K$235K
Total functional expensesLn 25$470K$470K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $738K$662K$77K$630K 990 PDF
FY2023 $645K$347K$297K$554K 990 PDF
FY2022 Viewing $517K$470K$47K$256K 990 PDF
FY2021 $423K$355K$68K$630K 990 PDF
FY2020 $234K$247K−$13K$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 FY2022 990 (6 parts)
Part I · Summary $517,190 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $423,385$517,190
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $423,385$517,190
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $53,760$60,342
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $301,235$410,053
I-18 Total expensesPrior year $354,995$470,395
I-19 Revenue less expensesPrior year $68,390$46,795
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $517,190 across 3 lines filed
VIII-1f All other contributions, gifts and grants$517,190
VIII-1h Total contributions, gifts and grants$517,190
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$517,190
Part IX · Statement of functional expenses $470,395 across 10 lines filed
IX-7 Other salaries and wagesPrograms $53,400$53,400
IX-10 Payroll taxesPrograms $6,942$6,942
IX-11b Legal feesPrograms $7,500$7,500
IX-11c Accounting feesPrograms $4,200$4,200
IX-12 Advertising and promotionPrograms $245$245
IX-13 Office expensesPrograms $279$279
IX-20 InterestPrograms $87,646$87,646
IX-22 Depreciation, depletion and amortizationPrograms $56,576$56,576
IX-24 Other expenses (24a–d)Programs $18,442$18,442
IX-24e All other expensesPrograms $235,165$235,165
IX-25 Total functional expensesPrograms $470,395 · Management $0 · Fundraising $0$470,395
Part X · Balance sheet $2,552,034 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $271,017$281,884
X-4 Accounts receivableStart of year $55,399$55,399
X-10c Land, buildings and equipment, netStart of year $1,943,075$1,943,075
X-15 Other assetsStart of year $271,676$271,676
X-16 Total assetsStart of year $2,541,167$2,552,034
X-26 Total liabilitiesStart of year $1,911,449$2,295,914
X-27 Net assets without donor restrictionsStart of year $629,718$256,120
X-32 Total net assets or fund balancesStart of year $629,718$256,120
X-33 Total liabilities and net assetsStart of year $2,541,167$2,552,034
Part XI · Reconciliation of net assets $256,120 net assets at year end
XI-1 Total revenue$517,190
XI-2 Total expenses$470,395
XI-3 Revenue less expenses$46,795
XI-4 Net assets at start of year$629,718
XI-8 Prior period adjustments−$420,393
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$256,120

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

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