Indo-American Chamber Of Commerce Of Greater Dallas
- Assets
- $693.4k
- Revenue
- $486.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Dallas, TX
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 75-2840667
Organization Overview
Indo-American Chamber Of Commerce Of Greater Dallas, operating under the name Us India Chamber Of Commerce Dfw, is located in Dallas, TX. The organization was established in 2002. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Us India Chamber Of Commerce Dfw employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us India Chamber Of Commerce Dfw is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Us India Chamber Of Commerce Dfw generated $486.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $406.4k during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXPAND BUSINESS OPPORTUNITIES BETWEEN A) MEMBERS B)MEMBERS AND LOCAL, STATE & FED GOVT & CORP AM, C)CORP AM & GOVTS AND INDIA,D)INDIANS IN INDIA AND BUSINESSES & GOVT IN USA. E)GROW YOUNG ENTREPRENEURS & PROFESSIONALS (YEP) GROUP F) FORM CHAPTERS NATIONWIDE TO ACHIEVE SAME GOALS AS A NATIONAL CHAMBER OF COMMERCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023-ANNUAL TECH CONFERENCE ANNUAL CONFERENCE WHERE CHAMBER MEMBERS LISTEN TO AND LEARN FROM SUCCESSFUL START-UP CEOS, ANGEL INVESTORS, VENTURE CAPITALISTS, EQUITY GROUPS IN ADDITION TO NETWORKING WITH POTENTIAL VENDORS AND POTENTIAL PARTNERS.
2023 USICOC WOMENS CONFERENCE ANNUAL CONFERENCE WHERE CHAMBER MEMBERS LISTEN TO AND LEARN FROM SUCCESSFUL WOMEN ENTREPRENEURS AND WOMEN PROFESSIONALS ON HOW TO GROW THEIR CAREERS AND BUSINESSES WHILE EMPOWERING THEMSELVES PROFESSIONALLY AND PERSONALLY. THE EVENT ALSO FEATURES ROBUST NETWORKING OPPORTUNITIES.
2023 COMMUNITY VISIBILITY AND INVOLVEMENT-OTHER EVENTS: CHAMBER PURCHASES SEVERAL BOOTHS AT BOTH THE ANAND BAZAAR HOSTED BY INDIA ASSOCIATION OF NORTH TEXAS AND THE DIWALI MELA HOSTED BY DFW INDIAN CULTURAL SOCIETY. CHAMBER IN TURN SELLS THE STALLS TO MEMBERS AND, THUS, THE BUSINESS CIRCLE SET OF STALLS HOSTED BY CHAMBER IS FORMED. THIS FURNISHES VISIBILITY WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sunil Maini Chairman | OfficerTrustee | 8 | $0 |
Raj Kalyandurg Immediate Past Chairman | OfficerTrustee | 2 | $0 |
Raj Malik Chair-Elect | OfficerTrustee | 2 | $0 |
Neeti Khaitan Secretary | OfficerTrustee | 2 | $0 |
Neelima Gonuguntla Treasurer | 2 | $0 | |
Kamal Fulani Executive Director | Officer | 40 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $194,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,350 |
| Total Program Service Revenue | $123,840 |
| Investment income | $663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $167,434 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,287 |
| 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. | $190,000 |
| Compensation of current officers, directors, key employees. | $190,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,500 |
| Payroll taxes | $14,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| 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 | $6,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,574 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,248 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,816 |
| All other expenses | $56,672 |
| Total functional expenses | $406,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,946 |
| Savings and temporary cash investments | $182,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,340 |
| 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 | $998 |
| Net Land, buildings, and equipment | $19,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $693,356 |
| Accounts payable and accrued expenses | $9,873 |
| 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 | $103,534 |
| Other liabilities | $0 |
| Total liabilities | $113,407 |
| 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 | $579,949 |
| Total liabilities and net assets/fund balances | $693,356 |