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Htct Foundation FY2023 filing

Tax-deductible

Temple, TX501(c)(3)Foundations & Grantmakers EIN 83-3064078Revenue $42K in FY2023Latest return filed Nov 14, 2025

On file with the IRSTemple, TXTax-exempt since Nov 2019Supporting org, Type I — 509(a)(3)

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To invest and distribute funds to other 501(c)(3) organizations, including the hindu temple of central texas as the primary recipient.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3064078) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $86K a year · 73% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$42K
-49% vs prior year
Spent
$22K
To programs
0%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$42K
FY2023▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$89K
FY2021$220K
FY2022$83K
FY2023$42K
FY2024$149K
Expenses
$22K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$38K
FY2021$24K
FY2022$21K
FY2023$22K
FY2024$50K
Net assets
$1.7M
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.7M
FY2023$1.7M
FY2024$1.8M

From the FY2023 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2023 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 Nov 2019.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $22K

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
Bala Shagrithaya
President/Director
$0Pt VII · Sec A
Gopal Guttikonda
Secretary/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Htct Foundation executive salaries →

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

Invests and distributes funds to other nonprofits, primarily supporting the Hindu Temple of Central Texas.

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1 program · in their own filed words · FY2023
01

To support the hindu temple of central texas.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3064078) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $42K · 2020–2024
Hindu Temple of Central TexasTX · FY2024$25,000
Hindu Temple of Central TexasTX · FY2020$17,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$42K
Ln 12
Investment incomeLn 3$42K
Money outPt IX
$22K
Ln 25
Managementcol C$22K
Owns and owesPt X
$1.7M
net assets · Ln 32
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$42K
Gains on assetsLn 7−$29K
Total revenueLn 12$42K
Assets in detailPt X, end of year
InvestmentsLn 11–13$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
InvestmentsLn 11–13$1.7M$1.7M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$20K$20K
Other expenses (24a–d)Ln 24$545$545
Total functional expensesLn 25$22K$0$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $149K$50K$99K$1.8M 990 PDF
FY2023 ViewingFiled with the IRS Nov 14, 2024 $42K$22K$20K$1.7M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $83K$21K$62K$1.7M 990 PDF
FY2021Filed with the IRS Oct 26, 2022 $220K$24K$196K$1.6M 990 PDF
FY2020Filed with the IRS Jun 10, 2021 $89K$38K$51K$1.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $42,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $82,856$42,409
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $82,856$42,409
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $21,215$22,005
I-18 Total expensesPrior year $21,215$22,005
I-19 Revenue less expensesPrior year $61,641$20,404
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $42,409 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $71,252$71,252
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$28,843−$28,843
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $42,409$42,409
Part IX · Statement of functional expenses $22,005 across 3 lines filed
IX-11c Accounting feesManagement $1,300$1,300
IX-11f Investment management feesManagement $20,160$20,160
IX-24 Other expenses (24a–d)Management $545$545
IX-25 Total functional expensesPrograms $0 · Management $22,005 · Fundraising $0$22,005
Part X · Balance sheet $1,715,073 assets, 8 lines filed
X-12 Other securitiesStart of year $1,694,669$1,715,073
X-16 Total assetsStart of year $1,694,669$1,715,073
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,694,669$1,715,073
X-32 Total net assets or fund balancesStart of year $1,694,669$1,715,073
X-33 Total liabilities and net assetsStart of year $1,694,669$1,715,073
Part XI · Reconciliation of net assets $1,715,073 net assets at year end
XI-1 Total revenue$42,409
XI-2 Total expenses$22,005
XI-3 Revenue less expenses$20,404
XI-4 Net assets at start of year$1,694,669
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,715,073

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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