Academy Of Indian Music Inc
- Assets
- $41.8k
- Revenue
- $99.3k
- Investments
- $0.0
- Employees
- 4
- Location
- S Plainsfield, NJ
- Founding
- 09/2003
- Data as of
- 06/2015
- EIN
- 16-1666518
Organization Overview
Academy Of Indian Music Inc is located in S Plainsfield, NJ. The organization was established in 2003. 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. As of 06/2015, Academy Of Indian Music Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Indian Music Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
ACADEMY OF INDIAN MUSIC INC.AIM WAS ORGANIZED IN THE STATE OF NEW JERSEY NOT-FOR-PROFIT CORPORATION LAW TO PROVIDE VARIOUS SOCIAL SERVICES LIKE TEACHING MUSIC AND YOGA TO ITS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TEACH INDIAN MUSIC, DANCE AND YOGA TO THE COMMUNITY OF NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravi Narayanswamy President | Trustee | 10 | $0 |
Uma Narashimhan Secetary | Trustee | 40 | $0 |
Badri Narayan Treasurer | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,098 |
| 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 | $99,344 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $29,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,076 |
| Payroll taxes | $2,729 |
| Fees for services: Management | $3,693 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $145 |
| Office expenses | $18,989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,262 |
| 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 | $1,217 |
| Insurance | $380 |
| All other expenses | $0 |
| Total functional expenses | $97,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,375 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,968 |
| Total assets | $41,830 |
| Accounts payable and accrued expenses | $26,005 |
| 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 | $188,098 |
| Other liabilities | $0 |
| Total liabilities | $214,103 |
| Net assets without donor restrictions | -$172,273 |
| 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 |
| Total liabilities and net assets/fund balances | -$172,273 |
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