Nonprofit · EIN 06-1356473
PRASANTHI TRUST INC
Tax-exempt · SHELTON, CT 06484
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $953,507 | $880,722 | $72,785 | $6,420,945 | $6,900 | $6,414,045 |
| December 31, 2023 | 990 | $1,034,626 | $826,450 | $208,176 | $5,961,262 | $6,750 | $5,954,512 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $778,061
- Program service revenue
- $0
- Investment income
- $175,446
- Net gain from sales of assets
- $4,629
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $872,373
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,900
- Program services (functional)
- $872,373
- Management and general (functional)
- $7,629
- Fundraising (functional)
- $720
Balance sheet and other
- Total assets, start of year
- $5,961,262
- Total assets, end of year
- $6,420,945
- Total liabilities, end of year
- $6,900
- Net assets, end of year
- $6,414,045
- Publicly traded securities
- $4,692,778
- Net assets without donor restrictions
- $6,404,195
- Net assets with donor restrictions
- $9,850
- Gross receipts
- $953,507
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1993
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAMESH WADHWANI | President Trustee or director, Officer | 1 | $0 |
| FALGUNI H DESAI | Treasurer Trustee or director, Officer | 1 | $0 |
| PRBHAKAR GOWRISANKARAN | Secretary Trustee or director, Officer | 1 | $0 |
| MANOJ WADHWANI | Trustee Trustee or director | 1 | $0 |
| SREEDHAR EKBOTE | Trustee Trustee or director | 1 | $0 |
| DEVDUTT NARGARKAR | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAMESH WADHWANI | President Trustee or director, Officer | 1 | $0 |
| FALGUNI H DESAI | Treasurer Trustee or director, Officer | 1 | $0 |
| PRBHAKAR GOWRISANKARAN | Secretary Trustee or director, Officer | 1 | $0 |
| MANOJ WADHWANI | Trustee Trustee or director | 1 | $0 |
| SREEDHAR EKBOTE | Trustee Trustee or director | 1 | $0 |
| DEVDUTT NARGARKAR | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2 BROOK PINE DR, SHELTON, CT 06484-5910
- In care of
- % HARSHAD DESAI
- Principal officer (990 for 2024)
- FALGUNI H DESAI, 2 BROOKPINE DR, SHELTON, CT 06484
- Signed the 990
- FALGUNI H DESAI, Treasurer
- Phone
- (860) 930-9689
- Website
- WWW.PRASANTHI.ORG
- Return prepared by
- CHOKSHI MUND & RACZKOWSKI PC
Mission
TO ENHANCE THE LIVING STANDARDS OF THE DISADVANTAGED BY SUPPORTING MANY WORLDWIDE PROJECTS FOCUSING ON HEALTHCARE, EDUCATION AND SOCIOCARE INITIATIVES.
Program accomplishments
- FINANCIAL RESOURCES PROVIDED TO SEVERAL FOREIGN ORGANIZATIONS THAT SERVE THE NEEDY AND DESTITUTE BY PROVIDING FREE MEDICAL CARE, EDUCATION AND FOOD; PROVIDE AID TO VARIOUS COMMUNITIES AND VILLAGES TO CONSTRUCT AND MODERNIZE THEIR FACILITIES AND ACQUIRE VARIOUS TYPES OF EQUIPMENT; ASSIST WAR-TORN REGIONS OF THE WORLD WITH RELIEF AID; ENHANCING THE PUBLIC AND EDUCATING PROFESSIONALS IN INDIA REGARDING HEALTH CONCERNS AND AIDING OTHER ORGANIZATIONS WHOM ENHANCE LIVING CONDITIONS AND THE ENVIRONMENT IN UNDERDEVELOPED VILLAGES.Expenses $872,373 · grants $872,373
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1356473
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $6,420,945
- Income (IRS master file)
- $953,507
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $953,507 | $880,722 | $6,420,945 | XML |
| 990 | December 2023 | $1,034,626 | $826,450 | $5,961,262 | XML |
| 990 | December 2022 | $891,990 | $450,882 | $5,313,045 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1356473).
Questions about PRASANTHI TRUST INC
- What is the EIN of PRASANTHI TRUST INC?
- The employer identification number (EIN) of PRASANTHI TRUST INC is 06-1356473.
- Is PRASANTHI TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to PRASANTHI TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRASANTHI TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRASANTHI TRUST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRASANTHI TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRASANTHI TRUST INC?
- The 990 for the year ended December 31, 2024 names FALGUNI H DESAI.
- Who are the officers and directors of PRASANTHI TRUST INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PRASANTHI TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $953,507, expenses of $880,722 and total assets of $6,420,945 at year end.
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All nonprofits in SHELTON · Connecticut · International, foreign affairs and national security