India-American Cultural Association Inc
- Assets
- $5.8m
- Revenue
- $698.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Smyrna, GA
- Founding
- 12/1975
- Data as of
- 12/2021
- EIN
- 51-0153375
Organization Overview
India-American Cultural Association Inc is located in Smyrna, GA. The organization was established in 1975. 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. As of 12/2021, India-American Cultural Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. India-American Cultural Association 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, India-American Cultural Association Inc generated $698.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $330.8k during the year ending 12/2021. While expenses have increased by 2.1% 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
CULTURAL & RELIGIOUS ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CULTURAL & RELIGIOUS ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chand Akkineni President | Officer | 5 | $0 |
Geetanjali Talukdar Secretary | Officer | 5 | $0 |
Dhananjay Gupta Treasurer | Officer | 5 | $0 |
Vir Nanda Chairman | Officer | 5 | $0 |
Chaitanya Bhatt Excutive Vice-President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,600 |
| Total Program Service Revenue | $629,717 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,300 |
| Net Gain/Loss on Asset Sales | $28,143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $698,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $89,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,167 |
| Office expenses | $109 |
| Information technology | $2,934 |
| 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 | $0 |
| Interest | $27,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,134 |
| All other expenses | $0 |
| Total functional expenses | $330,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,161 |
| Savings and temporary cash investments | $265,518 |
| 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 | $5,437,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,753,241 |
| Accounts payable and accrued expenses | $3,909 |
| 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 | $397,289 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $401,198 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $5,352,043 |
| Total liabilities and net assets/fund balances | $5,753,241 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that India-American Cultural Association Inc has recieved totaling $31,005.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $11,000 |
Lakshan Foundation Inc Peachtree Corners, GA PURPOSE: 501(C)(3) SUPPORT | $10,000 |
Sheth Family Foundation Inc Duluth, GA PURPOSE: UNRESTRICTED | $5,000 |
Sheth Family Foundation Inc Duluth, GA PURPOSE: UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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|---|---|---|
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Shearim Corp Miami, FL | $110,292 | $3,846,481 |
Nashville International Center For Empowerment Nashville, TN | $897,200 | $2,966,739 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Afro-American Cultural Center Inc Charlotte, NC | $10,610,750 | $1,926,817 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Our Pride Encompasses Nashville Nashville, TN | $362,350 | $788,648 |
Grandfather Mountain Highland Games Inc Linville, NC | $1,465,874 | $680,142 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Hola Community Arts Asheville, NC | $765,095 | $804,752 |