Swaminarayan Aksharpith Inc.

“The organization has its own board whose members are elected by the remaining members of the board whenever a vacancy is created by any member of the board. However, prior to assuming office, an appointment of any new member of the board requires the approval of bochasanwasi shri akshar purushottam swaminarayan sanstha inc.”

“A tentative draft of the form 990 (before it is finalized and sent to irs) is sent to the organization's accountant via email, who reviews and discusses the return with the governing body along with the underlying financial statements. Any suggested changes or comments and questions are then discussed with the cpa by a conference call.”

“The organization makes it mandatory for the individual to disclose his interests in a transaction that he may be involved in.”

“There are no compensated officers, directors or trustees.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to public upon request.”

“Service fees / outside fees: program service expenses 390,621. Management and general expenses 144,142. Total expenses 534,763.”

“Utilities: program service expenses 0. Management and general expenses 8,847. Fundraising expenses 0. Total expenses 8,847. Printing expense: program service expenses 3,767. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,767.”

“The organization has adopted financial accounting standards board accounting standards update (asu) 2016-14, "presentation of financial statements of not-for-profit entities", effective for the fiscal years beginning after december 15, 2017. The organization's sole program is to provide support for the hindu faith through sale of religious items and medicines related its religious tenets, and hence, certain costs have been allocated among program services and supporting services benefitted.”

“Management is responsible for oversight of the engagement and selection of an independent accountant.”