Sri Lanka Medical Association North America Inc
- Assets
- $75.7k
- Revenue
- $85.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Livingston, NJ
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 11-3330467
Organization Overview
Sri Lanka Medical Association North America Inc is located in Livingston, NJ. The organization was established in 1999. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sri Lanka Medical Association North America Inc 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, Sri Lanka Medical Association North America Inc generated $85.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $94.8k during the year ending 12/2022. While expenses have increased by 31.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BASIC HEALTH CARE, TO THOSE WHO NEED IT AND CAN NOT AFFORD IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THE DOCTORS AT THE NATIONAL HOSPITAL OF SRI LANKA WITH A MUCH NEEDED MEDICAL EQUIPMENT AND SUPPLIES SO THAT THEY MAY PROVIDE SATISFACTORY EMERGENCY MEDICAL CARE FOR SRI LANKAN PEOPLE.
TO PROVIDE THE DOCTORS AT THE LADY RIDGEWAY CHILDREN'S HOSPITAL OF SRI LANKA WITH A MUCH NEEDED MEDICAL EQUIPMENT AND SUPPLIES SO THAT THEY MAY PROVIDE SATISFACTORY EMERGENCY MEDICAL CARE FOR CHILDREN OF SRI LANKA.
TO PROVIDE THE DOCTORS AT THE BLOOD BANK IN COLOMBO,SRI LANKA WITH A MUCH NEEDED MEDICAL SUPPLIES (1800 TRIPLE BLOOD BAGS) SO THAT THEY MAY PROVIDE SATISFACTORY EMERGENCY MEDICAL CARE FOR SRI LANKAN PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malik Deen Treasurer | Trustee | 10 | $0 |
Takshan DE Alwis President | Trustee | 10 | $0 |
Ramona Rajapaksa Vice President | Trustee | 10 | $0 |
Selvarani Richards Secretary | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,940 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $85,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,599 |
| 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 | $1,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,154 |
| Office expenses | $195 |
| Information technology | $105 |
| 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 | $0 |
| Total functional expenses | $94,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,694 |
| 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 | $75,694 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $75,694 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $75,694 |
Grants Awarded
Over the last fiscal year, Sri Lanka Medical Association North America Inc has awarded $82,197 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL HOSP OF SRI LANKA | | | $40,697 |
BLOOD BANK COLOMBO | | | $10,000 |
LADY RIDGEWAY CHILDRENS HOSPI | | | $31,500 |