Indian Business Association Inc
- Assets
- $118.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Iselin, NJ
- Founding
- 11/2017
- Data as of
- 04/2020
- EIN
- 22-3129398
Organization Overview
Indian Business Association Inc is located in Iselin, NJ. The organization was established in 2017. 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. Indian Business Association Inc 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 04/2020, Indian Business Association Inc generated $188.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $176.8k during the year ending 04/2020. While expenses have increased by 2.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandrakant Pate Chairman | 15 | $0 | |
Manher Shah Vice Charman | 20 | $0 | |
Mahesh Shah' Vice Chairman | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,465 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $59 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $188,524 |
| 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 | $1,275 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $10,000 |
| Other expenses | $165,567 |
| Total expenses | $176,842 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,758 |
| Other assets | $0 |
| Total assets | $118,758 |
| Total liabilities | $19,710 |
| Net assets or fund balances | $99,048 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indian Business Association Inc has recieved totaling $27,500.
| Awarding Organization | Amount |
|---|---|
Rukh Family Foundation Inc Piscataway, NJ PURPOSE: COMMUNITY SUPPORT | $25,000 |
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: 17TH ANNUAL NJ INDIA DAY PARADE - 8/8 - IBA SPONSOR | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
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 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
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 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |
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 |