Civic Intelligence

Shree Ram Sharnam Inc.

990 • Fiscal year 2023 • EIN 75-3208166

Jan 01, 2023 to Dec 31, 2023 • Filed on May 05, 2024

17516 Taunton DriveGaithersburg, MD 20877

(301) 590-9123

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

96th percentile

79%

Higher net margin than 96% 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

54th percentile

5.9%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

75th percentile

30%

Faster revenue growth than 75% of similar nonprofits.

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

Assets

Up

$1,017,658

Up $56,282 (+5.9%) from 2022

Net Assets

Up

$1,017,658

Up $56,282 (+5.9%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$71,507

Up $16,643 (+30%) from 2022

Expenses

Down

$15,225

Down $1,627 (-9.7%) from 2022

Net Income

Up

$56,282

Up $18,270 (+48%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $663,647Liabilities 2011: $1,573Net Assets 2011: $662,0742011Assets 2012: $705,761Liabilities 2012: $0Net Assets 2012: $705,7612012Assets 2013: $731,286Liabilities 2013: $0Net Assets 2013: $731,2862013Assets 2014: $741,458Liabilities 2014: $0Net Assets 2014: $741,4582014Assets 2015: $766,942Liabilities 2015: $0Net Assets 2015: $766,9422015Assets 2016: $792,671Liabilities 2016: $0Net Assets 2016: $792,6712016Assets 2017: $818,075Liabilities 2017: $0Net Assets 2017: $818,0752017Assets 2022: $961,376Liabilities 2022: $0Net Assets 2022: $961,3762022Assets 2023: $1,017,658Liabilities 2023: $0Net Assets 2023: $1,017,6582023Assets 2024: $1,062,783Liabilities 2024: $0Net Assets 2024: $1,062,7832024

Highlighted filing

2023

Assets$1,017,658
Liabilities$0
Net Assets$1,017,658

Operations Trend

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

$150K$100K$50K$0Revenue 2011: $147,700Expenses 2011: $41,523Net Income 2011: $106,1772011Revenue 2012: $62,271Expenses 2012: $18,584Net Income 2012: $43,6872012Revenue 2013: $53,799Expenses 2013: $28,274Net Income 2013: $25,5252013Revenue 2014: $51,050Expenses 2014: $40,877Net Income 2014: $10,1732014Revenue 2015: $53,076Expenses 2015: $27,592Net Income 2015: $25,4842015Revenue 2016: $55,209Expenses 2016: $29,480Net Income 2016: $25,7292016Revenue 2017: $46,789Expenses 2017: $21,385Net Income 2017: $25,4042017Revenue 2022: $54,864Expenses 2022: $16,852Net Income 2022: $38,0122022Revenue 2023: $71,507Expenses 2023: $15,225Net Income 2023: $56,2822023Revenue 2024: $71,235Expenses 2024: $26,110Net Income 2024: $45,1252024

Highlighted filing

2023

Revenue$71,507
Expenses$15,225
Net Income$56,282
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 5, 2024
Return Version
2023v5.0
Gross Receipts
$71,507
Mission and Program Overview

Mission

The purpose of our Non-profit Tax Exempt Organization is to promote the awareness of the Hindu religion beliefs and practices. The organization will accomplish its purpose by studying,meditating and discussing God. We will hold periodic gatherings of devotees and discuss the teachings of God realized Saints and glories of Almighty Shree Ram. Our goal is to promote the overall awareness of spirituality, bring joy, peace and propsperity to all people by awakening divine consciousness through the divine name of all Loving Ram(God).

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$518,111$530,549▲ $12,438
Land, Buildings, and Equipment, Net$372,032$365,544▼ $6,488
Cash and Non-Interest-Bearing Accounts$71,233$121,565▲ $50,332
Total Assets$961,376$1,017,658▲ $56,282
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$961,376$1,017,658▲ $56,282
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$961,376$1,017,658▲ $56,282
Total Liabilities and Net Assets / Fund Balance$961,376$1,017,658▲ $56,282

Asset Categories

AssetBook ValueDepreciationBasis
Land$271,368-$271,368
Buildings$93,200$52,921$146,121
Leasehold Improvements$4,952$21,273$26,225
Equipment$-3,976$14,456$10,480
Other Land Buildings$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Anu KurichhPresident
Bina MadanTrustee
Chander Mohini AnandTrustee
Pranav TandonTrustee
Simran KishoreTrustee
Amrit NayyarSecretary
Anup SoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,069
Program Service Revenue
$0
Investment Income
$12,438
Other Revenue
$0
All Other Contributions
$59,069
Change in Net Assets
$56,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$0$6,489$0$6,489
Other Expenses$0$1,813$0$1,813
Insurance$0$1,368$0$1,368
All Other Expenses$0$664$0$664
Total Functional Expenses$0$15,225$0$15,225
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
No
Annual disclosure for covered persons
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 2

Ms Simran Kishore (Trustee) is grand daughter of Mr. Amrit Nayyar (Secretary)

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

The present Composition and Structure of Shree Ram Sharnam. Inc.; in Maryland, USA is as below: President: Dr. Anu Kurichh Treasurer: Mr. Anup Sood Secretary: Mr. Amrit Nayyar Trustee: Mrs. Bina Madan-In person and Virtual Amritvaani Sunday Satsang, Program and Schedule Coordinator Trustee: Mrs. Chander Mohini Anand-In person and Virtual Amritvaani Sunday Satsang, program and Schedule Coordinator Trustee: Mr. Pranav Tandon- Care and Cleaning Services Schedule Coordinator Trustee: Ms. Simran Kishore-In person and Virtual Amritvani Sunday Satsang Technical Host and mediator Volunteer At Large: Dr. Cherry Marwaha-serving Shree Ram Sharnam, selflessly serving Mid-Week for care of Shree Ram Sharnam since it was acquired in 2009. The team of above Trustees assures that all will fully help the Trust in achieving the success for meeting the goals of Swamijl's wishes and principals. Sayings, of Spiritual Head of Shree Ram Sharnam, will be final and binding to all, in all circumstances and situations. Let Grace of Shree Ram Sharnam and Blessings of Gurujans be forever upon Shree Ram Sharnam, Maryland trust.

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

The present Composition and Structure of Shree Ram Sharnam. Inc.; in Maryland, USA is as below: President: Dr. Anu Kurichh Treasurer: Mr. Anup Sood Secretary: Mr. Amrit Nayyar Trustee: Mrs. Bina Madan-In person and Virtual Amritvaani Sunday Satsang, Program and Schedule Coordinator Trustee: Mrs. Chander Mohini Anand-In person and Virtual Amritvaani Sunday Satsang, program and Schedule Coordinator Trustee: Mr. Pranav Tandon- Care and Cleaning Services Schedule Coordinator Trustee: Ms. Simran Kishore-In person and Virtual Amritvani Sunday Satsang Technical Host and mediator Volunteer At Large: Dr. Cherry Marwaha-serving Shree Ram Sharnam, selflessly serving Mid-Week for care of Shree Ram Sharnam since it was acquired in 2009. The team of above Trustees assures that all will fully help the Trust in achieving the success for meeting the goals of Swamijl's wishes and principals. Sayings, of Spiritual Head of Shree Ram Sharnam, will be final and binding to all, in all circumstances and situations. Let Grace of Shree Ram Sharnam and Blessings of Gurujans be forever upon Shree Ram Sharnam, Maryland trust.

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

A copy of completed form 990 is provided to the president and secretary of the organization.

Form 990, Part VI, Section B, Line 12C

The Board of Trustees, in addition to having overall responsibility for the management of this institution, shall have the following responsibility: a. Appoint an Executive Committee to carry the policies of the Board to run the Shree Ram Sharnam on a day-to-day basis. b. Conflict of Interest Policy:All tax-exempt records will be kept in compliance with Federal and State regulations. An independent CPA firm appointed by the Board of Trustees will conduct a check and audit of all financial records annually. Each member of the Executive Committee must sign a document to confirm that they have read the conflict-of-interest policy and will adhere to it. i. An annual audit of the Corporations books and records will be required by an independent CPA firm based on either of the following criteria: 1 Election of the Board of Trustees. 2. No Audit is required unless the Annual income of Shree Ram Sharnam, Inc. exceeds $750,000; as per Business State Regulation governing Charitable/religious non- profit Organizations solicitations. Maryland General Assembly in its 2016 Regular Session has passed Number SB010/Chapter 527 (Business Regulation- Charitable Organization-Audit and Review) Approved by the Maryland Governor-Chapter 527, now Statutes effective July 1,2016. ii. Review on a regular basis, accounting procedures, receipts and disbursement authorization procedures, and report all findings and recommendations to the Board of Trustees through the President. c. Require the Corporation to engage competent legal counsel and CPA as required. d. Appoint a Committee for Coordination of Prayer Services. This Committee shall advise the Board regarding Prayer Services. It shall consist of two members of the Spiritual/Religious Committee, two members of the Executive Committee and one member from the Board of Trustees or Endowment Trust Fund Committee. The previous President of the Board of Trustees is Ex-office members of this Committee. e. Appoint various standing Committee every two years and develop guidelines for these Committees, maintain complete control of all activities of all Committees. f. Appoint Constitution and By-Laws Committee and other Committees as needed. g. Shree Ram Sharnam, Inc., Trust (SRS) cannot be dissolved or merged with another Religious Non-Profit or any other organization. The assets must remain as it was founded and as listed in EIGHTH of the Articles of Incorporation within the meaning of section 501(c)(3) of the Internal Revenue Code or of any future Federal Tax Code. SRS Trust cannot be SOLD nor can it be DISSOLVED or merged with another Non-Profit or any other organization in any manner, It will remain its own entity as founded

Form 990, Part VI, Section C, Line 19

No request was made. The documents can be made available based on request.

Filing and Contact Details

Filer

Filer Name
Shree Ram Sharnam Inc
EIN
75-3208166
Phone
3015909123
Address
17516 Taunton Drive, Gaithersburg, MD 20877

Signing Officer

Name
Anup Sood
Title
Treasurer
Phone
7038502507
Signed
2024-05-05

Organization Details

Principal Officer
Amrit Nayyar
Formed
2006
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ms Simran Kishore (Trustee) is grand daughter of Mr. Amrit Nayyar (Secretary)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The present Composition and Structure of Shree Ram Sharnam. Inc.; in Maryland, USA is as below: President: Dr. Anu Kurichh Treasurer: Mr. Anup Sood Secretary: Mr. Amrit Nayyar Trustee: Mrs. Bina Madan-In person and Virtual Amritvaani Sunday Satsang, Program and Schedule Coordinator Trustee: Mrs. Chander Mohini Anand-In person and Virtual Amritvaani Sunday Satsang, program and Schedule Coordinator Trustee: Mr. Pranav Tandon- Care and Cleaning Services Schedule Coordinator Trustee: Ms. Simran Kishore-In person and Virtual Amritvani Sunday Satsang Technical Host and mediator Volunteer At Large: Dr. Cherry Marwaha-serving Shree Ram Sharnam, selflessly serving Mid-Week for care of Shree Ram Sharnam since it was acquired in 2009. The team of above Trustees assures that all will fully help the Trust in achieving the success for meeting the goals of Swamijl's wishes and principals. Sayings, of Spiritual Head of Shree Ram Sharnam, will be final and binding to all, in all circumstances and situations. Let Grace of Shree Ram Sharnam and Blessings of Gurujans be forever upon Shree Ram Sharnam, Maryland trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The present Composition and Structure of Shree Ram Sharnam. Inc.; in Maryland, USA is as below: President: Dr. Anu Kurichh Treasurer: Mr. Anup Sood Secretary: Mr. Amrit Nayyar Trustee: Mrs. Bina Madan-In person and Virtual Amritvaani Sunday Satsang, Program and Schedule Coordinator Trustee: Mrs. Chander Mohini Anand-In person and Virtual Amritvaani Sunday Satsang, program and Schedule Coordinator Trustee: Mr. Pranav Tandon- Care and Cleaning Services Schedule Coordinator Trustee: Ms. Simran Kishore-In person and Virtual Amritvani Sunday Satsang Technical Host and mediator Volunteer At Large: Dr. Cherry Marwaha-serving Shree Ram Sharnam, selflessly serving Mid-Week for care of Shree Ram Sharnam since it was acquired in 2009. The team of above Trustees assures that all will fully help the Trust in achieving the success for meeting the goals of Swamijl's wishes and principals. Sayings, of Spiritual Head of Shree Ram Sharnam, will be final and binding to all, in all circumstances and situations. Let Grace of Shree Ram Sharnam and Blessings of Gurujans be forever upon Shree Ram Sharnam, Maryland trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of completed form 990 is provided to the president and secretary of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Trustees, in addition to having overall responsibility for the management of this institution, shall have the following responsibility: a. Appoint an Executive Committee to carry the policies of the Board to run the Shree Ram Sharnam on a day-to-day basis. b. Conflict of Interest Policy:All tax-exempt records will be kept in compliance with Federal and State regulations. An independent CPA firm appointed by the Board of Trustees will conduct a check and audit of all financial records annually. Each member of the Executive Committee must sign a document to confirm that they have read the conflict-of-interest policy and will adhere to it. i. An annual audit of the Corporations books and records will be required by an independent CPA firm based on either of the following criteria: 1 Election of the Board of Trustees. 2. No Audit is required unless the Annual income of Shree Ram Sharnam, Inc. exceeds $750,000; as per Business State Regulation governing Charitable/religious non- profit Organizations solicitations. Maryland General Assembly in its 2016 Regular Session has passed Number SB010/Chapter 527 (Business Regulation- Charitable Organization-Audit and Review) Approved by the Maryland Governor-Chapter 527, now Statutes effective July 1,2016. ii. Review on a regular basis, accounting procedures, receipts and disbursement authorization procedures, and report all findings and recommendations to the Board of Trustees through the President. c. Require the Corporation to engage competent legal counsel and CPA as required. d. Appoint a Committee for Coordination of Prayer Services. This Committee shall advise the Board regarding Prayer Services. It shall consist of two members of the Spiritual/Religious Committee, two members of the Executive Committee and one member from the Board of Trustees or Endowment Trust Fund Committee. The previous President of the Board of Trustees is Ex-office members of this Committee. e. Appoint various standing Committee every two years and develop guidelines for these Committees, maintain complete control of all activities of all Committees. f. Appoint Constitution and By-Laws Committee and other Committees as needed. g. Shree Ram Sharnam, Inc., Trust (SRS) cannot be dissolved or merged with another Religious Non-Profit or any other organization. The assets must remain as it was founded and as listed in EIGHTH of the Articles of Incorporation within the meaning of section 501(c)(3) of the Internal Revenue Code or of any future Federal Tax Code. SRS Trust cannot be SOLD nor can it be DISSOLVED or merged with another Non-Profit or any other organization in any manner, It will remain its own entity as founded
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No request was made. The documents can be made available based on request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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ReturnHeader/ReturnTs02024-05-07T22:02:04-07:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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