Nonprofit · EIN 86-3600548
HOT ROOM FOUNDATION INC
Tax-exempt · INDIANAPOLIS, IN 46240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,217 | $3,953 | $3,264 | $17,284 | $0 | $17,284 |
| December 31, 2023 | 990 | $8,156 | $3,608 | $4,548 | $14,020 | $0 | $14,020 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,217
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $3,953
Balance sheet and other
- Total assets, start of year
- $14,020
- Total assets, end of year
- $17,284
- Total liabilities, end of year
- $0
- Net assets, end of year
- $17,284
- Net assets without donor restrictions
- $17,284
- Gross receipts
- $7,217
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- IN
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 |
|---|---|---|---|
| ANA MAGALLON | SECRETARY Trustee or director | – | $0 |
| DANIEL MARSH | TREASURER Trustee or director | – | $0 |
| ERIN POLLEY | VICE PRESIDE Trustee or director | – | $0 |
| PRECISS STONE | MEMBER Trustee or director | – | $0 |
| ASHISH KALGAONKAR | PRESIDENT Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANA MAGALLON | SECRETARY Trustee or director | – | $0 |
| DANIEL MARSH | TREASURER Trustee or director | – | $0 |
| ERIN POLLEY | VICE PRESIDE Trustee or director | – | $0 |
| PRECISS STONE | MEMBER Trustee or director | – | $0 |
| ASHISH KALGAONKAR | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 8555 RIVER ROAD STE 415, INDIANAPOLIS, IN 46240-4311
- Principal officer (990 for 2024)
- ASHISH KALGAONKAR, 8555 RIVER ROAD STE 415, INDIANAPOLIS, IN 46240
- Signed the 990
- ASHISH KALGAONKAR, PRESIDENT
- Phone
- (317) 650-7968
- Return prepared by
- CHARLES MADDEN PC
Mission
THE HOT ROOM FOUNDATION INC. PRINCIPALLY EXISTS TO (A) HELP INDIVIDUALS LEARN COPING MECHANISMS AND STRESS REDUCTION STRATEGIES THROUGH THE PRACTICE OF YOGA; (B) SUPPORT OTHER ORGANIZATIONS AND INDIVIDUALS THAT ESPOUSE THE SAME MISSION OF SPREADING THE PRACTICE OF YOGA AND OTHER CHARITABLE CAUSES; (C) SOLICIT AND RECEIVE FUNDS FOR THE ACCOMPLISHMENT OF THE ABOVE PURPOSES; AND (D) PURSUE ANY OTHER PURPOSE PERMITTED TO BE PURSUED BY A CHARITY.
Program accomplishments
- THE HOT ROOM FOUNDATION INC. PRINCIPALLY EXISTS TO (A) HELP INDIVIDUALS LEARN COPING MECHANISMS AND STRESS REDUCTION STRATEGIES THROUGH THE PRACTICE OF YOGA; (B) SUPPORT OTHER ORGANIZATIONS AND INDIVIDUALS THAT ESPOUSE THE SAME MISSION OF SPREADING THE PRACTICE OF YOGA AND OTHER CHARITABLE CAUSES; (C) SOLICIT AND RECEIVE FUNDS FOR THE ACCOMPLISHMENT OF THE ABOVE PURPOSES; AND (D) PURSUE ANY OTHER PURPOSE PERMITTED TO BE PURSUED BY A CHARITY.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 86-3600548
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Mental health and crisis intervention (F30)
- Assets (IRS master file)
- $17,284
- Income (IRS master file)
- $7,217
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,217 | $3,953 | $17,284 | XML |
| 990 | December 2023 | $8,156 | $3,608 | $14,020 | XML |
| 990 | December 2022 | $13,463 | $3,991 | $9,472 | IRS |
| 990 | December 2021 | – | – | – | 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 86-3600548).
Questions about HOT ROOM FOUNDATION INC
- What is the EIN of HOT ROOM FOUNDATION INC?
- The employer identification number (EIN) of HOT ROOM FOUNDATION INC is 86-3600548.
- Is HOT ROOM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to HOT ROOM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOT ROOM FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HOT ROOM FOUNDATION 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 HOT ROOM FOUNDATION 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 HOT ROOM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ASHISH KALGAONKAR.
- Who are the officers and directors of HOT ROOM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does HOT ROOM FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,217, expenses of $3,953 and total assets of $17,284 at year end.
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