The information for Parsippany Indian Association is as of the organization's most recent filing in December '22. This organization is located in Parsippany, NJ. It has been in existence for 28 years, following its founding in 1994.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Parsippany Indian Association's NTEE code is A23. The "A" tells us that the organization is classified under Arts, Culture & Humanities. The "23" tells us that the organization falls under the category of Cultural & Ethnic Awareness. This means that the Parsippany Indian Association promotes artistic expression within the Indian community and works towards preserving and promoting the traditions, values, and lifestyles of different cultural groups. They also organize activities and events that promote cultural exchange and encourage understanding and respect for different cultural heritages. In addition, the organization is governed by section 4 of the Internal Revenue Code, which includes Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.
The annual picnic held by the organization aims to promote physical and social development, and approximately 200 individuals attended the event. This program falls under the general fund, encompassing all revenues, support, and functional expenses that are not specifically reported by another fund or program.
The Parsippany Indian Association, a nonprofit organization, has shown growth over the given time period. While the program service revenue remained at $0 in 2020, it increased significantly to $43.8K in 2022. Although this line item is deemed not meaningful over this time period, the total revenue of the organization increased from $1.4K in 2020 to $44.8K in 2022. This indicates growth and progress for the Parsippany Indian Association.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rajendra Amin Secretary | 4 | $0 | |
Hari Kunderan V.president | 2 | $0 | |
Sanjay Patel President | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $43,832 |
Membership dues | $800 |
Investment income | $138 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $44,770 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $44,816 |
Total expenses | $44,816 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $75,053 |
Other assets | $0 |
Total assets | $75,053 |
Total liabilities | $0 |
Net assets or fund balances | $75,053 |
Over the last fiscal year, we have identified 1 grants that Parsippany Indian Association has recieved totaling $1,500.
Awarding Organization | Amount |
---|---|
Niswarth International Foundation Parsippany, NJ PURPOSE: UNRESTRICTED | $1,500 |
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