Indian American Business Association Of Usa Inc
- Assets
- $96.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 82-2920452
Organization Overview
Indian American Business Association Of Usa Inc is located in Orlando, FL. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian American Business Association Of USA Inc 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, Indian American Business Association Of USA Inc generated $194.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $170.2k during the year ending 12/2023. While expenses have increased by 15.7% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IABA IS NOT ONLY A PLATFORM FOR INDIAN AMERICAN BUSINESS AND PROFESSIONAL COMMUNITY BUT FOR EVERYONE TO CONNECT, LEARN, AND SHARE KNOWLEDGE AND OPPORTUNITIES.OUR MEMBERS AND PATRONS HAVE ACHIEVED SUCCESS THROUGH IABA VIA NETWORKING, EDUCATION, AND VISIBILITY. THEY'VE CONNECTED WITH PROFESSIONALS AND BUSINESS OWNERS, THEY ALSO GAINED KNOWLEDGE AND ENHANCED THEIR PROFESSIONAL GROWTH. ADDITIONALLY, OUR COMMUNITY INVOLVEMENT FOSTERS SOCIAL RESPONSIBILITY AND DIVERSITY, CONTRIBUTING TO THEIR PERSONAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prashant Patel President | 0 | $0 | |
Yogesh Bharucha Vice President/treasurer | 0 | $0 | |
Piyush Mehta Secretary | 0 | $0 | |
Mehul Parekh Director | 0 | $0 | |
Yagnesh Patel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,250 |
| Total Program Service Revenue | $126,765 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,015 |
| 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 | $6,350 |
| Occupancy, rent, utilities, and maintenance | $1,426 |
| Printing, publications, postage, and shipping | $6,389 |
| Other expenses | $156,058 |
| Total expenses | $170,223 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,642 |
| Other assets | $0 |
| Total assets | $96,642 |
| Total liabilities | $19,900 |
| Net assets or fund balances | $76,742 |