Srinivasa Prasad Internationalfoundation For The Performing Arts
- Assets
- $0.0
- Revenue
- $410.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Jeannette, PA
- Founding
- 04/2019
- Data as of
- 12/2020
- EIN
- 20-3981178
Organization Overview
Srinivasa Prasad Internationalfoundation For The Performing Arts is located in Jeannette, PA. The organization was established in 2019. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Srinivasa Prasad Internationalfoundation For The Performing Arts 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 12/2020, Srinivasa Prasad Internationalfoundation For The Performing Arts generated $410.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $57.5k during the year ending 12/2020. While expenses have increased by 5.6% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
2017 SPIFPA CULTURAL FESTIVAL IS TYPICAL OF THE YOUTH CULTURAL FESTIVALS SPIFPA PERFORMS EVERY OTHER YEAR TO PROMOTE THE ART. THIS OCCASION SIGNIFIES THE RECOGNITION AND HONORING THE ACCOMPLISHED YOUTH AND ADULT ARTISTS WHO DEDICATED THEIR LIFE FOR THE ART. THE FESTIVAL IS THE MOST SIGNIFICANT ACTIVITY SPIFPA UNDERTAKES EVERY OTHER YEAR IN SUPPORT OF PROMOTION OF ITS PRINCIPAL OBJECTIVE, PROMOTION OF SOUTH ASIAN PERFORMING ART AMONG NORTH AMERICAN YOUTH. IT IS THE CELEBRATION OF ACHIEVEMENT OF EXCELLENCE IN PERFORMING ART AMONG NORTH AMERICAN YOUTH. ACCOMPLISHED ARTISTS AS WELL AS DEDICATED AND ACCOMPLISHED TEACHERS ACROSS NORTH AMERICA ARE RECOGNIZED AND HONORED AT THIS OCCASION. THE CULTURAL FESTIVAL ALSO SERVES AS AN EXEMPLARY ACTIVITY FOR ENCOURAGING THE UPCOMING YOUTH AND TEACHERS OF THE PERFORMING ART.
DANCE INSTRUCTION
SPONSORSHIP OF PERFORMANCES AT THE UNIVERSITY OF PITTSBURGH DHIRANA EVENT AND THE PIACF EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gutti V Rao President | 8 | $0 | |
G Parvathi Rao Sec/treas | 10 | $0 | |
Bindu Madhavi Gutti Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450 |
| Interest on Savings | $23 |
| Dividends & Interest | $18,797 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $410,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $8,649 |
| Travel, conferences, and meetings | $13,913 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $54,571 |
| Contributions, gifts, grants paid | $2,895 |
| Total expenses and disbursements | $57,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Srinivasa Prasad Internationalfoundation For The Performing Arts has awarded $71,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY SCHOOL OF LIGONIER PURPOSE: TO PROMOTE ETHNIC DANCE | $70,000 |
RUTGERS UNIVERSITY DANCE TROUP PURPOSE: TO PROMOTE ETHNIC DANCE | $500 |
UNIVERSITY OF MARYLAND DANCE TROUP PURPOSE: TO PROMOTE ETHNIC DANCE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |