SRI VENKATESWARA TEMPLE AND CULTURAL CENTER

EIN: 261347364 501(c)(3) Religion

NOVI, MI

Total Revenue
$1,775,113
Total Expenses
$1,340,028
Total Assets
$11,378,063
Net Assets
$10,871,401
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MI
Tax Period
2024-01-01 to 2024-12-31

SRI VENKATESWARA TEMPLE AND CULTURAL CENTER, founded in 2007, is a community nonprofit in the Religion sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $435K, a strong 25% operating margin.

Mission

A charitable, cultural,religious and educational organization to express, promote, initiate and execute the cultural, educational and religious services for the people of Hindu community in the United States of America.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,494,140
Investment Income $0
Other Revenue $280,973
TOTAL REVENUE $1,775,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $276,472
Fundraising Expenses $0
Program Expenses $1,017,902
Other Expenses $1,063,556
TOTAL EXPENSES $1,340,028

Year-over-Year Comparison

2024 2023 Change
Revenue $1,775,113 $1,688,152 +0.1%
Expenses $1,340,028 $1,083,955 +0.2%
Net Income $435,085 $604,197 -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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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
28
Employees
9
Volunteers
250

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
8
$0
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANAND GANGADHARAN PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
ANURAG BAJAJ PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
BRAHMAJEE NALLAMOTHU PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
PRASAD RAVIPATI PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
CHALAKUDI RAMAKRISHNA PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
MAHESH CHINTALAPATI PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
SAIKUMAR LINGAM PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
SRINIVAS KONERU PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
VATSALA KATRAGADDA PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
REETA SETTY PERMANENT TRUSTEE 0.00
Director
$0 $0 $0
GAYATRI MANTENA TRUSTEE 0.00
Director
$0 $0 $0
MOHAN GIDIJALA TRUSTEE 0.00
Director
$0 $0 $0
RAJESWARA RAO JALAKAM TRUSTEE 0.00
Director
$0 $0 $0
JOGESWARA RAO PEDDIBOYINA TRUSTEE 0.00
Director
$0 $0 $0
VAMSI INAPURI TRUSTEE 0.00
Director
$0 $0 $0
VENUGOPAL SURAPARAJU TRUSTEE 0.00
Director
$0 $0 $0
VINODA NALAMOLU TRUSTEE 0.00
Director
$0 $0 $0
KIRAN DUGGIRALA TRUSTEE 0.00
Director
$0 $0 $0
SRINIVAS CHITTALURI TRUSTEE 0.00
Director
$0 $0 $0
SUDHEER BACHU TRUSTEE 0.00
Director
$0 $0 $0
VENUGOPAL KODALI TRUSTEE 0.00
Director
$0 $0 $0
VINODA NALAMOLU TRUSTEE 0.00
Director
$0 $0 $0
VENKAT TALASILA CHAIRMAN 0.00
Officer Director
$0 $0 $0
RAVI GULLAPALLI VICE-CHAIRMAN 0.00
Officer Director
$0 $0 $0
RAJESH CHUKKAPALLI SECRETARY 0.00
Officer Director
$0 $0 $0
SOMASEKHAR SURYADEVARA TREASURER 0.00
Officer Director
$0 $0 $0
VIJAY CHEKURI JOINT SECRETARY 0.00
Officer Director
$0 $0 $0
CHALAPATHI KODURI JOINT TREASURER 0.00
Officer Director
$0 $0 $0
VENUGOPAL KODALI RELIGIOUS COMMITTEE CHAIR 0.00
Officer Director
$0 $0 $0
SAMPATH KUMAR PATURI CULTURAL COMMITTEE CHAIR 0.00
Officer 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 $1,775,113 $1,340,028 $11,378,063 $435,085
2023 $1,688,152 $1,083,955 $10,965,190 $604,197
2022 $1,858,500 $889,639 $10,254,575 $968,861
2021 $1,566,288 $1,061,363 $9,532,283 $504,925
2020 $1,214,682 $752,603 $9,259,396 $462,079
2019 $1,534,726 $1,242,903 $9,384,160 $291,823
2018 $1,201,795 $1,201,416 $9,637,210 $379
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