Civic Intelligence

Prasanthi Trust Inc.

990 • Fiscal year 2023 • EIN 06-1356473

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileWWW.PRASANTHI.ORG
2 Brookpine DrShelton, CT 06484

(860) 930-9689

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

75th percentile

20%

Higher net margin than 75% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$5,961,262

Up $648,217 (+12%) from 2022

Net Assets

Up

$5,954,512

Up $647,967 (+12%) from 2022

Liabilities

Up

$6,750

Up $250 (+3.8%) from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin75th percentile

Revenue

Up

$1,034,626

Up $142,636 (+16%) from 2022

Expenses

Up

$826,450

Up $375,568 (+83%) from 2022

Net Income

Down

$208,176

Down $232,932 (-53%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,125,140Liabilities 2010: $0Net Assets 2010: $1,125,1402010Assets 2011: $1,194,636Liabilities 2011: $0Net Assets 2011: $1,194,6362011Assets 2012: $1,696,119Liabilities 2012: $0Net Assets 2012: $1,696,1192012Assets 2013: $2,103,968Liabilities 2013: $0Net Assets 2013: $2,103,9682013Assets 2014: $2,242,029Liabilities 2014: $0Net Assets 2014: $2,242,0292014Assets 2015: $2,350,706Liabilities 2015: $0Net Assets 2015: $2,350,7062015Assets 2016: $2,701,206Liabilities 2016: $0Net Assets 2016: $2,701,2062016Assets 2017: $2,919,040Liabilities 2017: $3,175Net Assets 2017: $2,915,8652017Assets 2018: $2,751,884Liabilities 2018: $3,175Net Assets 2018: $2,748,7092018Assets 2019: $3,320,257Liabilities 2019: $6,350Net Assets 2019: $3,313,9072019Assets 2020: $4,090,167Liabilities 2020: $6,475Net Assets 2020: $4,083,6922020Assets 2021: $5,493,276Liabilities 2021: $9,800Net Assets 2021: $5,483,4762021Assets 2022: $5,313,045Liabilities 2022: $6,500Net Assets 2022: $5,306,5452022Assets 2023: $5,961,262Liabilities 2023: $6,750Net Assets 2023: $5,954,5122023Assets 2024: $6,420,945Liabilities 2024: $6,900Net Assets 2024: $6,414,0452024

Highlighted filing

2023

Assets$5,961,262
Liabilities$6,750
Net Assets$5,954,512
Open 2023 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $478,5392010Expenses 2011: $347,3402011Expenses 2012: $51,7702012Revenue 2013: $837,653Expenses 2013: $475,646Net Income 2013: $362,0072013Revenue 2014: $746,497Expenses 2014: $564,138Net Income 2014: $182,3592014Revenue 2015: $603,246Expenses 2015: $472,062Net Income 2015: $131,1842015Revenue 2016: $779,758Expenses 2016: $487,018Net Income 2016: $292,7402016Revenue 2017: $782,900Expenses 2017: $603,997Net Income 2017: $178,9032017Revenue 2018: $674,636Expenses 2018: $680,905Net Income 2018: -$6,2692018Revenue 2019: $829,062Expenses 2019: $370,148Net Income 2019: $458,9142019Revenue 2020: $999,500Expenses 2020: $493,155Net Income 2020: $506,3452020Revenue 2021: $2,167,381Expenses 2021: $1,158,270Net Income 2021: $1,009,1112021Revenue 2022: $891,990Expenses 2022: $450,882Net Income 2022: $441,1082022Revenue 2023: $1,034,626Expenses 2023: $826,450Net Income 2023: $208,1762023Revenue 2024: $953,507Expenses 2024: $880,722Net Income 2024: $72,7852024

Highlighted filing

2023

Revenue$1,034,626
Expenses$826,450
Net Income$208,176
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$1,034,626
Mission and Program Overview

Mission

To enhance the living standards of the disadvantaged by supporting many worldwide projects and operate a community based center focusing in the areas of education, selfless service and spirtuality.

To enhance the living standards of the disadvantaged by supporting many worldwide projects focusing on healthcare, education and sociocare initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,439,373$3,932,598▲ $493,225
Savings and Temporary Cash Investments$1,544,591$1,663,572▲ $118,981
Cash and Non-Interest-Bearing Accounts$329,081$362,378▲ $33,297
Accounts Receivable-$2,714-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,313,045$5,961,262▲ $648,217
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$6,500$6,750▲ $250
Total Liabilities$6,500$6,750▲ $250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,306,545$5,954,512▲ $647,967
Total Net Assets Fund Balance$5,306,545$5,954,512▲ $647,967
Total Liabilities and Net Assets / Fund Balance$5,313,045$5,961,262▲ $648,217
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Ramesh WadhwaniPresident
Devdutt NargarkarTrustee
Manoj WadhwaniTrustee
Sreedhar EkboteTrustee
Prbhakar GowrisankaranSecretary
Falguni H DesaiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$864,794
Program Service Revenue
$0
Investment Income
$169,832
Other Revenue
$0
All Other Contributions
$864,794
Change in Net Assets
$208,176

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$55,489Mean
Total Noncash Contributions2$55,489-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$816,040
Other Expenses$10,410
Total Fundraising Expense$1,473
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$816,040--$816,040
Fees for Services Accounting-$6,750-$6,750
Fees for Services Other--$490$490
Fees for Service Investment Mgmnt Fees-$150-$150
Other Expenses-$133$629$133
Total Functional Expenses$816,040$8,937$1,473$826,450
International Activity

International Summary

Spending
$816,040

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
IndiaGrants to Recipients-00$755,700
Sri LankaGrants to Recipients-00$60,340
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Maintained in written format.”

Form 990, Part VI, Section B, Line 11B

“The treasurer in conjunction with financial personnel review the tax return and consult with outside tax preparer regarding any uncertanties.”

Form 990, Part VI, Section C, Line 19

“Upon written request the organization will provide any financial or governing documents.”

Filing and Contact Details

Filer

Filer Name
Prasanthi Trust Inc
EIN
06-1356473
Phone
8609309689
Address
2 BROOKPINE DR, SHELTON, CT 06484

Signing Officer

Name
Falguni H Desai
Title
Treasurer
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Falguni H Desai
Formed
1993
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
10

Preparer

Firm
Chokshi Mund & Raczkowski Pc
Address
35 COLD SPRING RD STE 424, Rocky Hill, CT 06067
Preparer
James D Raczkowski
Phone
8605632854
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0208176
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01544591
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01663572
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0864794
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0824075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02116001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0962140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0657282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05424292
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0169373
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt063939
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt039966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt035750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt043346
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0352374
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87260
IRS990ScheduleA/PublicSupportPY170Pct00.86240
IRS990ScheduleA/PublicSupportTotal170Amt05040817
IRS990ScheduleA/SubstantialContributorsTotAmt0383475
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0864794
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0824075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02116001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0962140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0657282
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05424292
IRS990ScheduleA/TotalSupportAmt05776666
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0755700
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt160340
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0INDIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SRI LANKA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTS TO RECIPIENTS
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt041340
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt15000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2290000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt319000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt47500
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt56200
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt6105500
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt783000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt890000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt97000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1050000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1161500
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1250000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt6ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt7ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt8ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt9ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt10ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt11ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt12ELEC WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0FOOD SERVICE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1FOOD SERVICE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2HOSP OPERATIONS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3MEALS AND FOOD
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4MEDICAL CARE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5MEDICAL CAMP
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt6MOBILE EYECARE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt7Mobile Hospital
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt8Mobile Hospital
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt9ORPHANAGE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt10SCHOOL CONST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt11SCHOOL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt12SCHOOL, FOOD, MEDL
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt5SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt6SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt7SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt8SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt9SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt10SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt11SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt12SOUTHERN ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc2COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc3COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc4COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc5COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc6COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc7COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc8COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc9COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc10COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc11COST
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc12COST
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0816040
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Project Approval Process:1.Review the formal standard grant request sent to trust office2.Internal three person committee is assigned to review the request and make a recommendation to the Board of Trustees with a consensus opinion3.Trustees look at the recommendation and then based on merit and availability of funds now or at future date may decide to approve full or partial grant4.Recipient organization is informed in-person or through electronic means about the grant approval information5.Also point to be noted that trustee(s) at times may put forward an internal request to work with a known external trust that may be engaged in supporting humanitarian projects in-line with Prasanthi Trust. However, review and oversight process is same as documented belowProject Funds:1.After the project is sanctioned by trustees, a 2 or 3 member committee is identified to oversee the project execution. Making sure at least one or two members have time and wherewithal to travel and oversee the project at their own expense2.Funds are sent via check or electronically in a phased-in manner to the recipient organizationProject Oversight:1.If the project involves Capital Funding the oversight is much easier which involves reviewing purchased capital good invoices. Visits to see capital goods have been installed and commissioned. Also documenting via pictures and reports completion report on the project2.If the project involves humanitarian service and or-on-going sustainment such as an educational institution or hospital providing free healthcare to deserving needy people then one or more people from the oversight committee group have harder work to make a few visits to place of service and verify that Loving dedicated service is being rendered on an on-going basis and make sure funds are being deployed appropriately. Followed by a written report of satisfactory completion. Though we dont control the complete process and/or outcome, the report helps the trustees to weigh-in when considering the future similar grant requests
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/TotalOtherOrgCnt013
IRS990ScheduleF/TotalSpentAmt0816040
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0MEAN
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt055489
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAINTAINED IN WRITTEN FORMAT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER IN CONJUNCTION WITH FINANCIAL PERSONNEL REVIEW THE TAX RETURN AND CONSULT WITH OUTSIDE TAX PREPARER REGARDING ANY UNCERTANTIES.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,961,262
Liabilities
$6,750
Net assets
$5,954,512
Revenue
$1,034,626
Expenses
$826,450
Net income
$208,176
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.42$0.01$6.41$0.95$0.88$0.07
2023Detailed filing. Detailed filing data is available for this year.$5.96$0.01$5.95$1.03$0.83$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$0.01$5.31$0.89$0.45$0.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.49$0.01$5.48$2.17$1.16$1.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.01$4.08$1.00$0.49$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.01$3.31$0.83$0.37$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.00$2.75$0.67$0.68$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.92$0.00$2.92$0.78$0.60$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.00$2.70$0.78$0.49$0.29
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.00$2.35$0.60$0.47$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.75$0.56$0.18
2013Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$0.84$0.48$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.00$1.70$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.00$1.19$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.48
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • $5M-$10M nonprofits