Cary Tamil School
- Assets
- $396.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 46-1234189
Organization Overview
Cary Tamil School is located in Cary, NC. The organization was established in 2015. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cary Tamil School 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 12/2022, Cary Tamil School generated $100.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $69.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PRIMARY ACTIVITY OF CARY TAMIL SCHOOL (CTS) IS TO TEACH TAMIL TO THE CHILDREN AND YOUNG ADULTS LIVING IN USA. IN ADDITION TO TEACHING TAMIL, CTS ALSO SUPPORTS DEVELOPING CULTURAL-AWARENESS ACTIVITIES SUCH AS MUSIC, DRAMA AND ANY ART FORM BASED ON TAMIL LANGUAGE AND TAMIL CULTURE. ABOUT 665 STUDENTS ARE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravi Shanmugam Director / Treasurer | 8 | $0 | |
Selvan Patchamuthu Director / Principal | 8 | $0 | |
Guru Guruparan Director | 8 | $0 | |
Rajeswari Shanmugam Director | 8 | $0 | |
Veda Vedaiyan Director | 8 | $0 | |
Sakthivel Karthikeyan Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $99,018 |
| Investment income | $1,438 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,456 |
| 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 | $35,112 |
| Printing, publications, postage, and shipping | $1,443 |
| Other expenses | $32,937 |
| Total expenses | $69,492 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $396,282 |
| Other assets | $0 |
| Total assets | $396,282 |
| Total liabilities | $40,724 |
| Net assets or fund balances | $355,558 |