Gdiacc Foundation Inc
- Assets
- $106.5k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 56-2328334
Organization Overview
Gdiacc Foundation Inc, operating under the name Usicoc Foundation Dfw, is located in Dallas, TX. The organization was established in 2003. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Usicoc Foundation Dfw 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 12/2021, Usicoc Foundation Dfw generated $2.1m in total revenue. All expenses for the organization totaled $2.1m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECOURAGING AND FULFILLING THE ROLE OF THE BUSINESS COMMUNITY IN PROMOTING EDUCATIONAL ACTIVITIES,FOSTERING PUBLIC WELL BEING IN THE US AND IN INDIA AND RAISING CROSS CULTURAL AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIA COVID RELIEF AMID THE COVID-19 CRISIS, THE US GOVERNMENT IS DOING EVERYTHING IN ITS CAPACITY TO HELP INDIA FIGHT THE COVID-19 PANDEMIC. NOT ONLY THE US GOVERNMENT BUT DIFFERENT ORGANISATIONS LIKE THE US INDIA CHAMBER OF COMMERCE (USICOC) FOUNDATION ARE SENDING AID TO HELP INDIA. USICOC FOUNDATION SHIPPED VENTILATORS TO COVID-HIT INDIA
UNT STUDENT SCHOLARSHIP AND UTD STUDENT GROCERY THE CHAMBER WORKS CLOSELY WITH ACADEMIC INSTITUTIONS TO PROMOTE LEARNING OPPORTUNITIES ABOUT INDIA AND DOING BUSINESS IN INDIA BY PARTNERING WITH ACADEMIC INSTITUTIONS ON PROGRAMS, STUDY-ABROAD OR EXCHANGE PROGRAMS WITH INDIA OR IN OTHER WAYS. THE CHAMBER ALSO PROVIDES SUPPORT TO INSTITUTIONS SEEKING TO BETTER UNDERSTAND AND INTERACT WITH THE INDIAN-AMERICAN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Piyush Patel Secretary | OfficerTrustee | 2 | $0 |
Sunil Maini Chairman Elect / Emeritus | OfficerTrustee | 2 | $0 |
Ashok K Mago Founding Chairman | OfficerTrustee | 3 | $0 |
Raj Kalyandurg Chairman | OfficerTrustee | 5 | $0 |
Neeti Khaitan Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $721,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,805 |
| Total Program Service Revenue | $1,407,950 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,129,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,016 |
| Total functional expenses | $2,098,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,516 |
| Accounts payable and accrued expenses | $7,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $99,016 |
| Total liabilities and net assets/fund balances | $106,516 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gdiacc Foundation Inc has recieved totaling $42,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $26,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Art Association Fort Worth, TX | $70,573,501 | $16,694,058 |
Health Education Learning Project H E L P Fort Worth, TX | $21,809,617 | $21,715,181 |
Texas Advocacy Project Inc Austin, TX | $1,606,192 | $3,119,683 |
Efforts Of Grace Inc New Orleans, LA | $9,750,115 | $6,712,838 |
South Texas Institute For The Arts Corpus Christi, TX | $11,651,943 | $2,742,109 |
Society For Neuro-Oncology Houston, TX | $6,909,260 | $3,914,434 |
Gdiacc Foundation Inc Dallas, TX | $106,516 | $2,129,759 |
Love Station Inc Ponca City, OK | $4,976,987 | $2,048,106 |
Sea Turtle Inc South Padre Island, TX | $11,651,431 | $4,419,765 |
The Walls Project Baton Rouge, LA | $407,630 | $1,770,639 |
Match Midtown Arts & Theater Center Houston Houston, TX | $20,886,964 | $758,825 |
Mayfest Inc Fort Worth, TX | $677,202 | $1,777,166 |