2023-11-07T02:00:02Z 2021-12-31 118589443 Paul F Tomkins Esq 257 Turnpike Road 0 Southborough MA 01772 990EZ 2021-01-01 852401176 LEAGUE OF VAISHNAVA ENTREPRENEURS INC LEAG 7742580082 257 Turnpike RoadSUITE 220 Southborough MA 01772 Krishna Ika 0 6072211279 2023-11-07 true Krishna Ika Paul Tomkins P02435028 6072211279 2023-11-07 2021 2023-04-26 12:10:37Z X X X X X X 192004 X 192000 0 0 4 0 0 0 0 0 0 0 0 0 0 0 192004 92000 0 0 0 0 0 140 92140 99864 0 0 99864 0 99864 0 0 0 0 0 99864 0 0 0 99864 The primary exempt purpose of LOVE is to expand and support the mission of the one Supreme Lord who revealed humanitys common global heritage of Proto-Vedic spiritualism and the highest goal of life - love of God through the teachings of His Divine Grace AC Bhaktivedanta Swami Prabhupada the founder of the International Society for Krishna Consciousness ISKCON LOVE is organized as a nonprofit corporation under the Florida Not-for-Profit Corporation Act Florida Statutes Chapter 617 and for charitable religious educational and scientific purposes including for such purposes the making of distributions to organizations that qualify as exempt organizations under section 501c3 of the Internal Revenue Code or the corresponding section of any future federal tax code The League of Vaishnava Entrepreneurs LOVE was formed in the State of Florida and was approved as a 501C3 organization in 2020 The purpose of the nonprofit is as follows Nonprofit Purpose - LOVE is organized exclusively for charitable religious educational and scientific purposes including for such purposes the making of distributions to organizations that qualify as exempt organizations under section 501c3 of the Internal Revenue Code or the corresponding section of any future federal tax code Specific Purpose- Pursuant to its August 7 2020 Bylaws the specific objectives and purposes LOVE include creating educational media such as books and for social outreach programs like feeding the hungry and comforting the homeless as well as establishing retreat centers to give peaceful sanctuary to the affluent who are afflicted by stress and depression The purpose of these outreach programs being to establish human beings harmony with nature and their loving connection with the Supreme God and Goddess for the making of distributions to organizations that qualify as exempt organizations under section 501c3 of the United States Internal Revenue Code or future synonymous tax code for which such organizations are also organized exclusively for charitable religious educational and scientific purposes under section 501c3 of the United States Internal Revenue Code All spiritual objectives of the Organization shall be derived from the spiritual authority of the Vedas Vedic literature and an unbroken link of spiritual teachers called the Parampara which date back over 5000 years At the time of our formation LOVE wrote to the IRS and asked that they expedite their nonprofit application Within said correspondence LOVE advised that the organization was anticipating a substantial grant to be utilized to acquire real property in furtherance of LOVEs stated mission In 2021 and 2022 LOVE received gifts from the American Gift Fund FBO Krishna Ika Gift Fund In large part due to the COVID epidemic and aftermath thereof the organization was not able to move forward with acquiring property as it had hoped to when it was formed With the explicit permission of the private foundation donor and consistent with its bylaws and stated charitable purposes the organization distributed collected funds to another religious and charitable organization - the International Society for Krishna Consciousness ISKON As with LOVE ISKON is a legally recognized charitable organization operating within the traditional system of Parampara with stated goals of providing education and food relief under their Food For Life Program See httpswwwiskconorg and httpswwwiskconorgactivitiesfood-relief-programphp Consistent with Revenue Procedure 2017-53 LOVEs tax counsel performed an Equivalency Determination of ISKON The written report of our tax counsel confirming that ISKCON demonstrates compliance with the requisites stipulated under Section 3033 of Rev Proc 2017-53 and is therefore determined to be equivalent to a domestic church for US tax Purposes is available upon request to any past or prospective donors 92000 X 0 IKA KRISHNA President 1.00 0 0 0 DUNCAN GRAEME Treasurer 1.00 0 0 0 IKA PRASUNA Vice President 0.25 0 0 0 false false false false false 0 false false 0 0 0 0 0 false 0 0 false Manjunath Rajaram 257 Turnpike Road Southborough MA 01772 3042804772 false false false false false false false false false false false NONE NONE true X 0 192000 192000 192000 192000 192000 0 192000 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Schedule O: 1.10 - Grants and similar amounts paid - $92,000 (10,000 ISKCON Farmington Hills (Iskcon Michigan, Inc.; $82,000.00 ISKCON International) 1.16 Other Expenses - $140.00 Bank Fees paid for account x781