VEDIC EDUCATION AND DEVOTIONAL ACADEMY

EIN: 030409475 501(c)(3) Religion

Milpitas, CA

Total Revenue
$2,435,242
Total Expenses
$1,952,607
Total Assets
$8,016,169
Net Assets
$5,655,290
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
NAGA VENKATA SASTRI MAREPALLI
Phone
4083093521
Tax Period
2023-01-01 to 2023-12-31

VEDIC EDUCATION AND DEVOTIONAL ACADEMY, founded in 2002, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2023. The organization ran a surplus of $483K, a strong 20% operating margin.

Mission

TO IMPART HINDU VEDIC EDUCATION WHICH IS THE STUDY OF ANCIENT SANSKRIT SCRIPTURES TO THOSE WHO ARE INTERESTED, AND TO PROVIDE A PLACE OF W

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,457,230
Program Service Revenue $0
Investment Income $763
Other Revenue $-22,751
TOTAL REVENUE $2,435,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $547,605
Fundraising Expenses $0
Program Expenses $1,681,340
Other Expenses $1,405,002
TOTAL EXPENSES $1,952,607

Year-over-Year Comparison

2023 2022 Change
Revenue $2,435,242 $2,471,811 0.0%
Expenses $1,952,607 $1,811,312 +0.1%
Net Income $482,635 $660,499 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
N/A
Employees
12
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
13
$111,974
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NAGA VENKATA SASTRI MAREPALLI Chairman 40.00
Director
$111,974 $0 $111,974
GOPALA AJJARAPU Director 10.00
Director
$0 $0 $0
RAVI KODURI Director 10.00
Director
$0 $0 $0
ARUNA VEMPATY EC Member 10.00
Director
$0 $0 $0
VENKATESWARA DAMERLA Secretary 10.00
Officer Director
$0 $0 $0
SURYA DUVVURI Joint Treasurer 10.00
Officer Director
$0 $0 $0
PADMANABHAM TADEPALLI President 10.00
Officer Director
$0 $0 $0
RAVINDER GHANKOTA Director 10.00
Director
$0 $0 $0
SAI CHIMAKURTHI Vice President 10.00
Officer Director
$0 $0 $0
SREENIVASA RAO DEVARAKONDA Treasurer 10.00
Officer Director
$0 $0 $0
SRIKANTH RAJAVARAM Joint Secretary 10.00
Officer Director
$0 $0 $0
PAVAN PIRATLA EC Member 10.00
Director
$0 $0 $0
VENAKATA MANDADI EC Member 10.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,435,242 $1,952,607 $8,016,169 $482,635
2022 $2,471,811 $1,811,312 $6,642,461 $660,499
2021 $1,856,196 $1,399,293 $6,264,914 $456,903
2020 $1,405,987 $1,136,806 $6,713,710 $269,181
2019 $1,781,080 $1,418,497 $6,457,135 $362,583
2018 $1,466,582 $1,149,260 $6,351,923 $317,322
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