Sharada Educational Foundation

Nonprofit profile at a glance

EIN
854076101
IRS 990 coverage
2022–2023
Forms available
Form 990 2023
Location
San Antonio, TX, USA
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Education N.E.C.
Affiliation
Hinduism

Reported finances

Revenue
$164,429
Expenses
$137,343
Assets
$4,272,632
Liabilities
$3,716,132

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • RAMKRISHNA PRAKASH (PRESIDENT)

People named in this filing

  • SWAMI SHIVATMANANDA (TREASURER)
  • DURGA SURYADEVARA (SECRETARY)
  • RAMKRISHNA PRAKASH (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote, foster, encourage, publish, teach, and disseminate sanatan vedic philosophy, as expressed in the classical principals of the vedanta.

What it reported doing in 2023

The investment funds will be also be used to develop infrastructure to enable the services, as listed under the program service activity number 1.in addition, the endowment will be used for operations and infrastructure maintenance as well.infrastructure includes but is not limited to, acquisition and development of land and buildings to enable the delivery of the aforementioned services.

Operating model

Revenue model
Earned-program. 79% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 100
  • Accountability: 70
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.8%; rating input score 84
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.5%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 31.11; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 24.3% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 52.5% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 4.6% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 83.8% of revenue deployed · 100% of spending went to programs
  • Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $137K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.