Indian Music Society Ofminnesota
- Assets
- $227.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/1980
- Data as of
- 12/2023
- EIN
- 41-1385526
Organization Overview
Indian Music Society Ofminnesota is located in Minneapolis, MN. The organization was established in 1980. According to its NTEE Classification (A68) the organization is classified as: Music, 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 Music Society Ofminnesota 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, Indian Music Society Ofminnesota generated $86.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $68.2k during the year ending 12/2023. While expenses have increased by 8.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ameeta Kelekar President | 6 | $0 | |
Ms Mythili Chari Vice-President | 2 | $0 | |
Dr Jay Patel Treasurer | 8 | $0 | |
Mr Vineet Sinha Secretary | 4 | $0 | |
Mr Sriram Iyer Secretary | 3 | $0 | |
Dr Sandhya Joshi Publicity | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,297 |
| Total Program Service Revenue | $12,748 |
| Membership dues | $4,603 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,648 |
| 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 | $49,270 |
| Occupancy, rent, utilities, and maintenance | $4,573 |
| Printing, publications, postage, and shipping | $668 |
| Other expenses | $13,658 |
| Total expenses | $68,169 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $227,172 |
| Other assets | $0 |
| Total assets | $227,172 |
| Total liabilities | $0 |
| Net assets or fund balances | $227,172 |