Nuv Yug Cultural Organization
- Assets
- $34.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/2003
- Data as of
- 06/2024
- EIN
- 05-0545220
Organization Overview
Nuv Yug Cultural Organization is located in Raleigh, NC. The organization was established in 2003. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuv Yug Cultural Organization is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Nuv Yug Cultural Organization generated $44.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $48.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
DURING THE FINANCIAL YEAR 2023-2024, NUV YUG INDIA FEST WAS HELD DURING MARCH 23 AT THE JIM GRAHAM BUILDING, STATE FAIRGROUNDS, RALEIGH. THIS EVENT INCLUDED OVER 1300 ARTISTS AND ATTRACTED OVER 9,000 ATTENDEES. FREE ADMISSION WAS OFFERED TO ALL ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ujjwal Srivastava President And Trustee | 3 | $0 | |
Ashish Pancholi Vice President, Treasurer | 3 | $0 | |
Richa Kapoor VP Cultural Programs And Trustee | 2 | $0 | |
Pritika DE Vice President | 1 | $0 | |
Harshad Kolte VP And Trustee | 1 | $0 | |
Siva Sundaramoorthy VP And Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,998 |
| Total Program Service Revenue | $31,478 |
| Membership dues | $440 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,916 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,545 |
| Occupancy, rent, utilities, and maintenance | $22,150 |
| Printing, publications, postage, and shipping | $53 |
| Other expenses | $14,537 |
| Total expenses | $48,285 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,097 |
| Other assets | $0 |
| Total assets | $34,097 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,097 |