India Childrens Press
- Assets
- $569.3k
- Revenue
- $111.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Cupertino, CA
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 20-1527949
Organization Overview
India Childrens Press is located in Cupertino, CA. The organization was established in 2005. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, India Childrens Press employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. India Childrens Press 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, India Childrens Press generated $111.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $126.9k during the year ending 12/2022. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO EDUCATE AND CREATE A GREATER AWARENESS OF INDIA'S CULTURE AND TRADITIONS IN THE UNITED STATES. THE EDUCATIONAL OBJECTIVE IS REALIZED BY THE DEVELOPMENT OF A DEEPER UNDERSTANDING OF THREE AREAS: INDIA'S HISTORY, INDIA'S CULTURAL MYTHOLOGY, AND INDIA'S LANGUAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST ACCOMPLISHMENT ACHIEVED BY IMPORTING BOOKS AND MULTIMEDIA(PRIMARILY FOR CHILDREN) FROM INDIA AND DISTRIBUTING THEM AT PRICES THAT ARE BELOW THOSE OF FOR-PROFIT COMPANIES. INDIA CHILDREN'S PRESS IS A KEY RESOURCE FOR MANY PUBLIC LIBRARIES, AS WELL AS INDIVIDUALS WHO ARE INTERESTED IN LEARNING MORE ABOUT INDIA AND ITS CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Khosla CEO | Trustee | 15 | $63,000 |
Samir Khosla CFO | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $13,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $100,019 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,262 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $12,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $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 | $47 |
| Office expenses | $543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,620 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292 |
| Insurance | $0 |
| All other expenses | $346 |
| Total functional expenses | $126,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,649 |
| Savings and temporary cash investments | $478,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,323 |
| 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 | $5,831 |
| Total liabilities | $5,831 |
| Net assets without donor restrictions | $563,492 |
| 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 | $569,323 |