Saurashtra Patel Cultural Samaj
- Assets
- $2.1m
- Revenue
- $528.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Morrisville, NC
- Founding
- 03/1983
- Data as of
- 05/2022
- EIN
- 22-2278398
Organization Overview
Saurashtra Patel Cultural Samaj is located in Morrisville, NC. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saurashtra Patel Cultural Samaj 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 05/2022, Saurashtra Patel Cultural Samaj generated $528.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $673.9k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. 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
TO MOTIVATE AND PRESERVE INDIAN CULTURE, EDUCATION AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE EDUCATION, WITH DEVELOPMENT OF INFRASTRUCTURE.
PROMOTE INDIAN CULTURE & MISC. PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahesh Vekariya President | Officer | 10 | $0 |
Pathik Patel Secretary | Officer | 5 | $0 |
Pravin Pansuria Chairman | Officer | 2 | $0 |
Chandresh Gajera Vice Chairman | Officer | 2 | $0 |
Mayur Gajera Treasurer | Officer | 5 | $0 |
Manubhai Malavia Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,333 |
| Total Program Service Revenue | $0 |
| Investment income | $61,626 |
| 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 | $527,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $322,316 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,934 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,949 |
| Information technology | $36,432 |
| 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 | $871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $269,885 |
| Total functional expenses | $673,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $806,316 |
| 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 | $1,247,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,000 |
| Total assets | $2,068,282 |
| 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 | $2,065,882 |
| Net assets with donor restrictions | $2,400 |
| 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 | $2,068,282 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saurashtra Patel Cultural Samaj has recieved totaling $310.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Confederation Of Indian Industry Arlington, VA | $74,359,377 | $45,402,839 |
Roof Above Inc Charlotte, NC | $96,652,711 | $36,113,591 |
Saudi Arabian U S Business Council Inc Vienna, VA | $3,546,346 | $2,319,248 |
Nashville International Center For Empowerment Nashville, TN | $897,200 | $2,966,739 |
Afro-American Cultural Center Inc Charlotte, NC | $10,610,750 | $1,926,817 |
Conquistadores Del Cielo Williamsburg, VA | $361,595 | $2,072,328 |
The International School Of Charlottesvlle Inc Charlottesville, VA | $2,986,526 | $2,354,548 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
American Turkish Council Arlington, VA | $0 | $1,588,052 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Our Pride Encompasses Nashville Nashville, TN | $362,350 | $788,648 |
Grandfather Mountain Highland Games Inc Linville, NC | $1,465,874 | $680,142 |