Bharatam Academy Of Dance Arts
- Assets
- $30.1k
- Revenue
- $216.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Naperville, IL
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-3089255
Organization Overview
Bharatam Academy Of Dance Arts is located in Naperville, IL. The organization was established in 2007. According to its NTEE Classification (A62) the organization is classified as: Dance, 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. Bharatam Academy Of Dance Arts 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 12/2023, Bharatam Academy Of Dance Arts generated $216.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $227.5k during the year ending 12/2023. While expenses have increased by 13.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE THE COMMUNITY IN BHARATANATYAM AN ANCIENT AND TRADITIONAL SOUTH INDIAN CLASSICAL DANCE ART, THROUGH CLASSES, PUBLIC PERFORMANCES, AND OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BHARATAM CONDUCTED REGULAR WEEKLY CLASSES TO ENROLLED STUDENTS, ABOUT 150-170, AT VARIOUS SKILL AND AGE LEVELS, TO IMPART KNOWLEDGE OF THIS ANCIENT TRADITIONAL ART THROUGH STRUCTURED CURRICULUM. ALL CLASSES WERE CONDUCTED IN-PERSON IN 2023.BHARATAM CONTINUED ITS STUDENT LEADERSHIP PROGRAM WHICH PROVIDES STUDENT VOLUNTEERS OPPORTUNITY TO MENTOR AND HELP IN CLASSES.PUBLIC PERFORMANCES: BHARATAM REGULAR SHOWCASE WAS CONDUCTED IN MARCH 2022 AND JUNE 2022. THIS EVENT SHOWCASED ALL BHARATAM DANCERS, AT VARIOUS AGE AND SKILL LEVELS, WHERE THEY PRESENTED BHARATANATYAM REPERTOIRE. THIS WAS AUGMENTED WITH AUDIENCE INTERACTION AND Q&A.ALSO, ON SEP 17 & 18, BHARATAM PRESENTED KRISHNA RASA A LIVE PERFORMANCE WITH 120+ PERFORMERS, WITH LIVE MUSIC SECTION. THIS SPECIAL 25TH YEAR RECITAL, HAD A TOTAL AUDIENCE OF 900+ OVER BOTH DAYS.CONTINUED ON SCHEDULE O
BHARATAM CONDUCTED REGULAR WEEKLY CLASSES TO ENROLLED STUDENTS, ABOUT 150-170, AT VARIOUS SKILL AND AGE LEVELS, TO IMPART KNOWLEDGE OF THIS ANCIENT TRADITIONAL ART THROUGH STRUCTURED CURRICULUM. ALL CLASSES WERE CONDUCTED IN-PERSON IN 2023.BHARATAM CONTINUED ITS STUDENT LEADERSHIP PROGRAM WHICH PROVIDES STUDENT VOLUNTEERS OPPORTUNITY TO MENTOR AND HELP IN CLASSES.PUBLIC PERFORMANCES: BHARATAM REGULAR SHOWCASE WAS CONDUCTED IN MARCH 2022 AND JUNE 2022. THIS EVENT SHOWCASED ALL BHARATAM DANCERS, AT VARIOUS AGE AND SKILL LEVELS, WHERE THEY PRESENTED BHARATANATYAM REPERTOIRE. THIS WAS AUGMENTED WITH AUDIENCE INTERACTION AND Q&A.ALSO, ON SEP 17 & 18, BHARATAM PRESENTED KRISHNA RASA A LIVE PERFORMANCE WITH 120+ PERFORMERS, WITH LIVE MUSIC SECTION. THIS SPECIAL 25TH YEAR RECITAL, HAD A TOTAL AUDIENCE OF 900+ OVER BOTH DAYS.CONTINUED ON SCHEDULE O
BHARATAM CONDUCTED REGULAR WEEKLY CLASSES TO ENROLLED STUDENTS, ABOUT 150-170, AT VARIOUS SKILL AND AGE LEVELS, TO IMPART KNOWLEDGE OF THIS ANCIENT TRADITIONAL ART THROUGH STRUCTURED CURRICULUM. ALL CLASSES WERE CONDUCTED IN-PERSON IN 2023.BHARATAM CONTINUED ITS STUDENT LEADERSHIP PROGRAM WHICH PROVIDES STUDENT VOLUNTEERS OPPORTUNITY TO MENTOR AND HELP IN CLASSES.PUBLIC PERFORMANCES: BHARATAM REGULAR SHOWCASE WAS CONDUCTED IN MARCH 2022 AND JUNE 2022. THIS EVENT SHOWCASED ALL BHARATAM DANCERS, AT VARIOUS AGE AND SKILL LEVELS, WHERE THEY PRESENTED BHARATANATYAM REPERTOIRE. THIS WAS AUGMENTED WITH AUDIENCE INTERACTION AND Q&A.ALSO, ON SEP 17 & 18, BHARATAM PRESENTED KRISHNA RASA A LIVE PERFORMANCE WITH 120+ PERFORMERS, WITH LIVE MUSIC SECTION. THIS SPECIAL 25TH YEAR RECITAL, HAD A TOTAL AUDIENCE OF 900+ OVER BOTH DAYS.CONTINUED ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seetha Balamuralikrishna Director | Trustee | 1 | $0 |
Madhavan Veeravalli Director | Trustee | 1 | $0 |
D C Ranganathan Director | Trustee | 1 | $0 |
Rajan Srinivasan Director | Trustee | 1 | $0 |
Vanitha Veeravalli President | OfficerTrustee | 40 | $0 |
Seetha Balamuralikrishna Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,705 |
| Total Program Service Revenue | $205,043 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $25,000 |
| Other employee benefits | $0 |
| Payroll taxes | $7,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $304 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,383 |
| Total functional expenses | $227,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,094 |
| Accounts payable and accrued expenses | $3,799 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,799 |
| Net assets without donor restrictions | $26,295 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,094 |