Ashtalakshmi Temple

EIN: 760695721 501(c)(3) Religion

SUGARLAND, TX

Total Revenue
$4,890,377
Total Expenses
$852,714
Total Assets
$16,553,520
Net Assets
$13,039,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Principal Officer
Kulasekhar Sribhashyam
Phone
2814556686
Tax Period
2024-01-01 to 2024-12-31

Ashtalakshmi Temple, founded in 2001, is a community nonprofit in the Religion sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 83% operating margin.

Mission

Promote the mission of H.H. Sri Sri Sri Tridandi Chinna Srimannarayana Ramanuja Jeeyar Swamiji to revitalize our vedic heritage and spread the Vedic knowledge to the present and future generations. Promote the motto of Worship your own and respect all Promote the motto of Serve all beings as Service to God A place of Worship and Vedic Learning Celebrate Festivals Provide priest services Conduct satsang, bhajans and discourses for peace and tranquillity Conduct music and dance classes Conduct social service activities

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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 $4,890,377
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,890,377

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,276
Fundraising Expenses $0
Program Expenses $38,621
Other Expenses $735,438
TOTAL EXPENSES $852,714

Year-over-Year Comparison

2024 2023 Change
Revenue $4,890,377 $2,560,522 +0.9%
Expenses $852,714 $610,594 +0.4%
Net Income $4,037,663 $1,949,928 +1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
1
Volunteers
50

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
5
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kulasekhar Sribhashyam Treasurer 15.00
Director
$0 $0 $0
Srinivas Vedala President 20.00
Officer
$0 $0 $0
Krishna Chokkarapu Vice President 15.00
Officer
$0 $0 $0
Kumudha Balakrishnan Vice President 15.00
Officer
$0 $0 $0
Aparna Tamirisa Secretary 15.00
Officer
$0 $0 $0
Dharmendra Vaishnava Treasurer 15.00
Officer
$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 $4,890,377 $852,714 $16,553,520 $4,037,663
2023 $2,560,523 $669,748 $8,550,996 $1,890,775
2023 $2,560,522 $610,594 $8,632,433 $1,949,928
2022 $420,965 $316,998 $4,437,734 $103,967
2021 $571,517 $358,124 $4,475,474 $213,393
2020 $389,169 $468,898 $4,405,834 $-79,729
2019 $598,424 $403,532 $4,311,917 $194,892
2018 $549,404 $424,781 $4,001,841 $124,623
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