India Society Of Worcester Mass
- Assets
- $3.5m
- Revenue
- $277.9k
- Investments
- $129.5k
- Employees
- 0
- Location
- Shrewsbury, MA
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 22-2533832
Organization Overview
India Society Of Worcester Mass is located in Shrewsbury, MA. 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. India Society Of Worcester Mass 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 12/2021, India Society Of Worcester Mass generated $277.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $49.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE PEOPLE INTERESTED IN INDIA TO RETAIN, FOSTER THE INDIAN CULTURAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES TO ENCOURAGE PEOPLE WITH INDIAN ORIGIN OR ARE OTHERWISE INTERESTED IN INDIA FOR RETAINING, FOSTERING THE INDIAN CULTURAL HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jagan Srinivasan Vice-President | OfficerTrustee | 0 | $0 |
Puneet Kohli President | OfficerTrustee | 0 | $0 |
Rajesh Khare Treasurer | OfficerTrustee | 0 | $0 |
Balakrishnan Chandrakasan Board Member | Trustee | 0 | $0 |
Amita Rao Board Member | Trustee | 0 | $0 |
Sakshi Garao Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,215 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,332 |
| Total Program Service Revenue | $58,076 |
| Investment income | $4,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$75,660 |
| 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 | $277,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $631 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,422 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,057 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,379 |
| All other expenses | $8,773 |
| Total functional expenses | $49,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $285,941 |
| 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 | $3,059,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $129,516 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,474,650 |
| Accounts payable and accrued expenses | $0 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500,000 |
| Net assets without donor restrictions | $2,974,650 |
| 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 | $3,474,650 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that India Society Of Worcester Mass has recieved totaling $98,708.
| Awarding Organization | Amount |
|---|---|
Stoddard Charitable Trust Worcester, MA PURPOSE: SUPPORT THE INDIA CENTER EXPANSION P | $50,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $44,642 |
Stoddard Charitable Trust Worcester, MA PURPOSE: SC GRANT-JUDY KING | $2,000 |
Madavi And Gaugarin Oliver Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 02/03/21 | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Endowment Analysis
| Beg. Balance | $122,502 |
| Ending Balance | $122,502 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
The Workmens Circle Arbeter Ring Incorporated New York, NY | $40,155,204 | $3,248,855 |
An Claidheamh Soluis Inc New York, NY | $72,072,476 | $13,153,865 |
Circle Lodge-Camp Kinder Ring Of The Workmens Circle Incorporated Hopewell Junction, NY | $6,012,413 | $4,542,835 |
Tibet House Inc New York, NY | $7,378,902 | $3,678,339 |
Spanish Speaking Elderly Council - Raices Inc Brooklyn, NY | $947,855 | $3,320,048 |
English Speaking Union Of The United States New York, NY | $30,832,644 | $4,010,219 |