Civic Intelligence

Tamilonline Foundation Inc

990 • Fiscal year 2023 • EIN 26-1983198

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

Organization Profilewww.SaiAashraya.org
374 South Mary AveSunnyvale, CA 94086

(408) 505-6488

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

27th percentile

-6.9%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

1.4%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$85,757

Down $12,787 (-13%) from 2022

Net Assets

Down

$85,757

Down $12,787 (-13%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin27th percentile

Revenue

Up

$1,780,399

Up $25,016 (+1.4%) from 2022

Expenses

Down

$1,903,660

Down $481,934 (-20%) from 2022

Net Income

Up

-$123,261

Up $506,950 (+80%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$150K$100K$50K$0Assets 2019: $108,275Liabilities 2019: $0Net Assets 2019: $108,2762019Assets 2020: $121,076Net Assets 2020: $121,0762020Assets 2022: $98,544Liabilities 2022: $0Net Assets 2022: $98,5442022Assets 2023: $85,757Liabilities 2023: $0Net Assets 2023: $85,7572023Assets 2024: $128,378Liabilities 2024: $0Net Assets 2024: $128,3782024

Highlighted filing

2023

Assets$85,757
Liabilities$0
Net Assets$85,757
Open 2023 Filing

Operations Trend

Revenue Growth40th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $143,635Expenses 2019: $140,378Net Income 2019: $3,2572019Revenue 2020: $175,231Expenses 2020: $105,702Net Income 2020: $69,5292020Revenue 2022: $1,755,383Expenses 2022: $2,385,594Net Income 2022: -$630,2112022Revenue 2023: $1,780,399Expenses 2023: $1,903,660Net Income 2023: -$123,2612023Revenue 2024: $1,361,633Expenses 2024: $1,319,013Net Income 2024: $42,6202024

Highlighted filing

2023

Revenue$1,780,399
Expenses$1,903,660
Net Income-$123,261
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$1,780,399
Mission and Program Overview

Mission

Serve Individuals and Communities in the areas of Food & Nutrition, Health, Education & Social Welfare

Serve Individuals and Communities in the areas of Food & Nutrition, Health, Education and Social Welfare

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$36,472$48,330▲ $11,858
Cash and Non-Interest-Bearing Accounts$62,072$37,427▼ $24,645
Total Assets$98,544$85,757▼ $12,787
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$98,544$85,757▼ $12,787
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$98,544$85,757▼ $12,787
Total Liabilities and Net Assets / Fund Balance$98,544$85,757▼ $12,787
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Sai Prasad VenkatachalamFounder & President
Ramesh LakshminarayananDirector
Aditya Kurulkar-
Bharadwaj Swaminathan-
Dinesh Swaminathan-
Vikram Sridhar-
Sarika DhareshwarCo-Founder
Aruna NarayananSecretary
Venkatraman KalyanasundaramTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,780,264
Program Service Revenue
$0
Investment Income
$135
Other Revenue
$0
All Other Contributions
$1,635,742
Change in Net Assets
$-123,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,865,918
Other Expenses$37,742
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,865,918--$1,865,918
Interest-$36,667-$36,667
Other Expenses$0$1,075$0$1,075
Total Functional Expenses$1,865,918$37,742$0$1,903,660
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,865,918

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
South AsiaGrantmakingFood & Nutrition, Medicare, Education & Social Welfare00$1,865,918
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A copy of this filled in form has been provided to all the office bearers for review, discussions and approval.”

Form 990, Part VI, Section B, Line 15

“All Officers and Directors served the organization willingly without taking any compensation”

Form 990, Part VI, Section C, Line 19

“All govering documents (Bylaws, Articles of Incorporation, Tax Filings) are made available to the public upon request and via Guidestar.org”

Filing and Contact Details

Filer

Filer Name
Sai Aashraya Inc
EIN
26-1983198
Phone
4085056488
Address
374 South Mary Ave, Sunnyvale, CA 94086

Signing Officer

Name
Venkatraman Kalyanasundaram
Title
Treasurer
Phone
4085056488
Signed
2024-05-14

Organization Details

Principal Officer
Venkatraman Kalyanasundaram
Formed
2009
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
12
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“The amount ($100,000) represents the total loans extended to this organization during the course of the 2023 Fiscal Year”

Raw XML AppendixShowing 400 of 413 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Build a 220-bed Super Speciality Hospital in Vemagal District, Karnataka, India with primary focus on Mother & Child Care (OBGYN) and Adult & Children Cardiac Care. The Hospital campus hosts four building blocks - Hospital Block, Kitchen & Nurses Block, Attendants Accommodation block and the Doctors Accommodation Block. All services in the Hospital (Diagnostics, Treatment & Surgery, Medicines and Post-treatment care) will be provided for free to the most under-served people and from the most-underserved locations. The all inclusive care also includes free food & accommodation for the patients, doctors and staff. The Hospital is envisaged to be energy neutral with its own solar energy based power generation. The grant facilitates the ongoing rapid construction of the Hospital and the allied building blocks. By the end of 2023 nearly 85% of the construction have been completed. The expected commissioning is still envisaged to be before the end of 2024. Uniquely, all of the construction staff of the Hospital campus are given free accommodation, food and medical attention and as a result work on building this Temple of Healing (Hospital campus) with much love.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder & President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Co-Founder
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5-
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IRS990/ProgSrvcAccomActy2Grp/Desc0Provide Food & Nutrition 24/7 to the most under-served communities & in under-served locations. Post COVID, we have resumed and expanded our schools and locations. Over 6.5 million meals have been served for free from Breakfast for school going children and children from impoverished neighborhoods to midnight food service for truck drivers at highway checkposts.
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IRS990ScheduleA/Total509Grp/TotalAmt05823414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01780399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01755383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01977656
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0175231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0143636
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05832305
IRS990/ScheduleBRequiredInd00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01865918
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Food & Nutrition, Medicare, Education & Social Welfare
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt01500000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1200000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2165918
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Electronic Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Electronic Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Electronic Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0To Build, Maintain and Run a 220-Bed Super Speciality Hospital
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1To Provide Food & Nutrition to the most under-served
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2To Provide Holistic Care to the most under-served communities (Medical Care, Education and Social Welfare)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2South Asia
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Part I, Line 2 Information - Sai Aashraya Inc, US, is a sister organization of Sai Aashraya Trust, Bangalore, India. Sai Aashraya Trust is an approved Exempt (non-profit) Organization Reg. 80G/12A under Indian Income Tax Act. Grants made by Sai Aashraya Inc, US, predominantly only serve Sai Aashraya Trust & local services. Sai Aashraya Inc, US, shares the same mission of Sai Aashraya Trust - Global Harmony & Universal Peace (Love All, Serve All) - practiced through providing Holistic Service to humanity via Food & Nutrition, Medical Care, Education and Social Welfare - especially to the most under-served amongst us and in the most under-served locations. Since inception in 2015, Sai Aashraya Trust has served over 6.5million meals through its 24x7 servings from its Central Kitchen - to school going children, elderly people in impoverished neighborhoods.. & to midnight-to-early morning servings at highway checkposts for truck drivers. In the Medical Care front, Sai Aashraya Trust has served over 90,000 patients through its Medical Camps in Bangalore, Dharmapuri and Arunachal Pradesh. Has two state-of-the-art Mobile Hospitals for this purpose. Has adopted nine schools and six villages to provide holistic care from education to provisions for families to ensuring people are skilled up and self-reliant. All services are provided for FREE. To further assist these communities, Sai Aashraya Trust has embarked on building a 220-bed Super Speciality Hospital with specific emphasis on Mother & Child Care (OBGYN) and Adult & Cardiac Care. The Hospital will have 7 Operation Theaters (OTs). Land has been acquired in Vemagal, near Bangalore City, Karnataka from the local State Government. Construction work started in July 2021 after obtaining all the approvals and the construction of the Hospital Campus is now 85% complete. Once complete, the Hospital will provide Free Surgeries to the most under-served amongst us. Sai Aashraya Inc grants for and ensures the associated monitoring for each of these four pillars of activities, as detailed below - 1. Support for Operating Expenses (Unrestricted) - We receive the Annual Operating Budget for the Fiscal Year along with the Actual Performance and Audited Financial Statements of the past three years while making the Grant decision for the upcoming year. Once a grant for the operating expense is made, we receive quarterly financial statements (actual vs budgeted) and a forecast for the reminder of the Fiscal Year, along with certified statements from Auditors on a periodic basis. We hold monthly, quarterly meetings and reviews with Sai Aashraya Trust, perform on-site visits multiple times in a year to monitor progress and ensure effective service deployment and transformations. 2. Support for Capital Expenditure - We provide grants to Sai Aashraya Trust in building the Hospital campus infrastructure for the new 220-bed Super Speciality Hospital, once the capital project has been approved by our Sai Aashraya Inc board. We follow a detailed due diligence process in approving the grant and ensure site visits, medical review, financial review, examination of all compliance with the local laws of the land. Sai Aashraya Trust is in full compliance with all Indian Laws governing the Hospital infrastructure construction, medical practices, outreach activities, accepting foreign currency donation (FCRA), etc. 3. Sai Aashraya Trust submits a project initiation document with full details of the project with capital expenses under various heads, whenever a new project is initiated. 4. Once a project commences, we monitor progress through detailed status reports, site visits, update meetings. We review progress made, budget vs actual, percent completed, funds needed to complete, payments made to suppliers and contractors and funding received locally.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 2
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt01865918
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of this filled in form has been provided to all the office bearers for review, discussions and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Officers and Directors served the organization willingly without taking any compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All govering documents (Bylaws, Articles of Incorporation, Tax Filings) are made available to the public upon request and via Guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The amount ($100,000) represents the total loans extended to this organization during the course of the 2023 Fiscal Year
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt098544
IRS990/TotalAssetsEOYAmt085757
IRS990/TotalAssetsGrp/BOYAmt098544
IRS990/TotalAssetsGrp/EOYAmt085757
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01780264
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01865918
IRS990/TotalFunctionalExpensesGrp/TotalAmt01903660
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt098544
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt085757
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01865918
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0135
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01780399
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098544
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt085757
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0374 South Mary Ave
IRS990/USAddress/CityNm0Sunnyvale
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094086
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0http://www.SaiAashraya.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Venkatraman Kalyanasundaram
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04085056488
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAI AASHRAYA INC
ReturnHeader/Filer/BusinessNameControlTxt0SAIA
ReturnHeader/Filer/EIN0261983198

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$85,757
Liabilities
$0
Net assets
$85,757
Revenue
$1,780,399
Expenses
$1,903,660
Net income
-$123,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$1.36$1.32$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$1.78$1.90$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.76$2.39$0.63
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.18$0.11$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.14$0.14$0.00