Amarican-Indus Corporation
- Assets
- $2.7m
- Revenue
- $81.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 27-4391099
Organization Overview
Amarican-Indus Corporation is located in Potomac, MD. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarican-Indus Corporation 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 12/2022, Amarican-Indus Corporation generated $81.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $176.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Amarican-Indus Corporation has awarded 25 individual grants totaling $152,639. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vaikunth Gupta President | 5 | $0 | |
Sujata Gupta Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $160 |
| Dividends & Interest | $42,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,166 |
| Capital Gain Net Income | $39,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,497 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $128,000 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $144,561 |
| Contributions, gifts, grants paid | $32,190 |
| Total expenses and disbursements | $176,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,533 |
| Savings and temporary cash investments | $100,804 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,584,811 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,714,148 |
| Accounts payable and accrued expenses | $5,918 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $505,918 |
Grants Awarded
Over the last fiscal year, Amarican-Indus Corporation has awarded $32,190 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EKAL VIDYALAYA FOUNDATION PURPOSE: CHARITABLE | $2,190 |
JOHN HOPKINS UNIVERSITY PURPOSE: CHARITABLE | $20,000 |
ST JUDE'S CHILDREN HOSPITAL PURPOSE: CHARITABLE | $500 |
ST MARY OF NAZARETH SCHOOL PURPOSE: CHARITABLE | $1,000 |
MONTGOMERY COUNTY COALITION FOR THE HOMELESS PURPOSE: CHARITABLE | $1,000 |
ST JOSEPH INDIAN SCHOOL PURPOSE: CHARITABLE | $1,500 |