Shruti Foundation Inc
- Assets
- $17.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 12/2016
- Data as of
- 08/2022
- EIN
- 47-4865713
Organization Overview
Shruti Foundation Inc is located in Tampa, FL. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Shruti Foundation Inc 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 08/2022, Shruti Foundation Inc generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $27.7k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 3 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
SHRUTI FOUNDATION ORGANIZE ANNUALLY "EAST WEST MUSIC & DANCE FESTIVAL' AT THE WATER WORKS PARK IN TAMPA, WHICH IS ONE OF THE MOST VIBRANT MULTICULTURAL GATHERING FOR TAMPA BAY COMMUNITY.THE EVENT IS SUPPORTED BY A SPECIAL EVENTS PARTNERSHIP GRANT FROM THE CULTURAL ARTS COMMISSION, PART OF THE ARTS COUNCIL OF HILLSBOROUGH COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shankh Lahiri President | 20 | $0 | |
Satish Ankalikar Director | 5 | $0 | |
Avinash Sharma Director | 10 | $0 | |
Sunil Majethia Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $9,842 |
| Membership dues | $18,147 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,989 |
| 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 | $13,700 |
| Occupancy, rent, utilities, and maintenance | $7,248 |
| Printing, publications, postage, and shipping | $5,367 |
| Other expenses | $1,353 |
| Total expenses | $27,668 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,873 |
| Other assets | $0 |
| Total assets | $17,873 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,873 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |