Srinivasa Prasad Internationalfoundation For The Performing Arts
- Assets
- $2.4m
- Revenue
- -$49.5k
- Investments
- $2.4m
- Employees
- 0
- Location
- Jeannette, PA
- Founding
- 04/2019
- Data as of
- 12/2022
- 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
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 | |
Wendy Devincentis Treasurer | 1 | $0 | |
Bindu Madhavi Gutti Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,466 |
| Interest on Savings | $209 |
| Dividends & Interest | $16,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$102,680 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$49,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,331 |
| Depreciation | $0 |
| Occupancy | $39,588 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,616 |
| Total operating and administrative expenses | $97,016 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $97,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,234 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,407,844 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total 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 |