Indian Medical Association Illinois
- Assets
- $341.8k
- Revenue
- $162.9k
- Investments
- $151.6k
- Employees
- 0
- Location
- Westmont, IL
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 36-3333867
Organization Overview
Indian Medical Association Illinois is located in Westmont, IL. The organization was established in 1986. 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. Indian Medical Association Illinois is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Indian Medical Association Illinois generated $162.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $89.1k during the year ending 12/2021. While expenses have increased by 32.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIAN AMERICAN MEDICAL ASSOCIATION IS A NON-PROFIT ORGANIZATION OF ILLINOIS PHYSICIANS OF INDIAN ORIGIN COMMITTED TO PROFESSIONAL EXCELLENCE IN QUALITY PATIENT CARE,EDUCATION AND COMMUNITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL GALA BANQUET
GOLDEN STETHOSCOPE AWARDS REVENUE
GOLF OUTING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Suresh Reddy President | OfficerTrustee | 5 | $0 |
Dr Meher Medavaram Treasurer | OfficerTrustee | 5 | $0 |
Dr Radhika Chimata Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,717 |
| Total Program Service Revenue | $82,315 |
| Investment income | $1,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $1,446 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $387 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,577 |
| Information technology | $4,572 |
| 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 | $6,313 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,182 |
| All other expenses | $14,053 |
| Total functional expenses | $89,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,230 |
| 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 | $0 |
| Investments—other securities | $151,585 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,815 |
| 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 | $291,815 |
| Net assets with donor restrictions | $50,000 |
| 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 | $341,815 |
Grants Awarded
Over the last fiscal year, Indian Medical Association Illinois has awarded $15,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WELLCARE CONSULTING GROUP PURPOSE: Sponsorsip for NIMS event | $15,000 |
NOT ALL WOUNDS BLEED PURPOSE: Event Sponsorship | $500 |
Chicago, IL PURPOSE: Medical Clinic Assistance | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indian Medical Association Illinois has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Advocate Health And Hospitals Corporation Downers Grove, IL PURPOSE: SPONSOR EVENTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madam Walker Legacy Center Indianapolis, IN | $11,815,867 | $1,800,443 |
National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
Blackhawk Area Cu Savanna, IL | $44,108,339 | $1,720,364 |
Puerto Rican Arts Alliance Chicago, IL | $5,828,545 | $2,540,329 |
The National Museum Of Puerto Rican Arts And Culture Chicago, IL | $8,152,716 | $2,503,474 |
Hispanic-American Construction Industry Association Chicago, IL | $735,168 | $1,371,038 |
Siouxland Expo Center Sioux City, IA | $20,203,719 | $764,942 |
Pella Historical Society Pella, IA | $6,258,526 | $1,077,939 |
Brookside Irish Fest Inc Kansas City, MO | $1,030,000 | $1,022,564 |