Mallige Kannada Association Of North Texas is located in Frisco, TX. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mallige Kannada Association Of North Texas 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 03/2024, Mallige Kannada Association Of North Texas generated $144.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $132.9k during the year ending 03/2024. While expenses have increased by 35.0% per year over the past 2 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
2024
Describe the Organization's Program Activity:
Part 3
MAIN OBJECTIVE IS TO PROMOTE AND PRESERVE THE CULTURAL HERITAGE OF KARNATAKA AND PROVIDE A PLATFORM FOR KANNADIGAS IN NORTH TEXAS TO COME TOGETHER AND CELEBRATE THEIR TRADITIONS AND VALUES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Narayan Mahajan Treasurer | 4 | $0 | |
Dr Lavanya Rudrapatna President | 4 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,694 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,713 |
| 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 | $36,058 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $94,912 |
| Total expenses | $132,864 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,034 |
| Other assets | $0 |
| Total assets | $55,034 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,034 |