India Association Of Charlotte
- Assets
- $385.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 56-1907586
Organization Overview
India Association Of Charlotte is located in Charlotte, NC. The organization was established in 1999. 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 Association Of Charlotte 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, India Association Of Charlotte generated $125.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $117.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3
SHOWCASE OF INDIAN CULTURE, FOOD, DANCES, ART, PAINTINGS, EXHIBITS, EDUCATION PRESENTATIONS TO THE CHARLOTTE METRO AREA PEOPLE FOR THE LAST 28 YEARS TO MORE THAN 20,000 PEOPLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lal Vishin President | 20 | $0 | |
Guna Kommareddi Treasurer | 25 | $0 | |
Toni Sawhanney Vice President | 10 | $0 | |
Amit Parekh Bod | 5 | $0 | |
Ashrito Dayal Bod | 5 | $0 | |
Sushant Mehta Bod | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,000 |
| Total Program Service Revenue | $65,171 |
| Membership dues | $0 |
| Investment income | $2,120 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,291 |
| 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 | $29,273 |
| Occupancy, rent, utilities, and maintenance | $57,010 |
| Printing, publications, postage, and shipping | $8,798 |
| Other expenses | $15,479 |
| Total expenses | $117,060 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $384,976 |
| Other assets | $0 |
| Total assets | $384,976 |
| Total liabilities | $0 |
| Net assets or fund balances | $384,976 |