Ncavad Inc
- Assets
- $75.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 47-5021842
Organization Overview
Ncavad Inc is located in San Jose, CA. The organization was established in 2016. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncavad 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 12/2021, Ncavad Inc generated $18.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.5%) per year over the past 5 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
2021
Describe the Organization's Program Activity:
Part 3
IN 2020,NCAVAD HAS ORGANIZED MANY ACTIVITIES AND EVENTS FOR THE MEMBERS AND THE COMMUNITY SUCH AS:-CONTINUING EDUCATION CLASSES AND SEMINARS , -APPRECIATION EVENTS AND ANNUAL SUMMER PICNIC,-NEWS LETTERS, MAGAZINE AND PUBLICATION,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Nguyen Secretary | 0 | $0 | |
Quyen Duong Vice President | 0 | $0 | |
Ngoc Lan Van President Elect | 0 | $0 | |
Bao Khanh Nguyen Advisor | 0 | $0 | |
Michael Luu President | 0 | $0 | |
Dieu Lien Tong Advisor | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,952 |
| Total Program Service Revenue | $7,135 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,087 |
| 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 | $850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $106 |
| Other expenses | $7,101 |
| Total expenses | $8,057 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,048 |
| Other assets | $0 |
| Total assets | $75,048 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nevada Surplus Lines Association Inc Reno, NV | $3,045,218 | $2,380,303 |
Personal Insurance Federation Of California Sacramento, CA | $3,765,397 | $2,029,864 |
Surplus Line Association Of Arizona Scottsdale, AZ | $1,152,985 | $2,079,494 |
Independent Insurance Agents And Brokers Of California Inc Pleasanton, CA | $2,887,810 | $1,617,791 |
Berkeley Real Estate Forum Berkeley, CA | $1,547,477 | $572,510 |
Independent Insurance Agents And Brokers Of Arizona Inc Phoenix, AZ | $3,206,496 | $764,205 |
California Gaming Association Sacramento, CA | $90,520 | $331,935 |
Sierra Nevada Realtors Carson City, NV | $991,354 | $317,792 |
Oregon Solar Energy Industries Association Portland, OR | $124,544 | $371,232 |
Independent Insurance Agents Association Of Sacramento Inc Sacramento, CA | $147,293 | $255,632 |
Vehicle Grid Integration Council Sacramento, CA | $329,701 | $382,476 |
Western Insurance Agents Association Rancho Cordova, CA | $135,244 | $304,523 |