Indo-American Association Delaware
- Assets
- $126.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hockessin, DE
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 51-0314472
Organization Overview
Indo-American Association Delaware is located in Hockessin, DE. The organization was established in 1990. 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. Indo-American Association Delaware 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, Indo-American Association Delaware generated $13.4k 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 (43.2%) each year. All expenses for the organization totaled $15.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (46.5%) 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
INDO AMERICAN ASSOCIATION OF DELAWARE (IAAD) IS A NOT FOR PROFIT ORGANIZATION. IT WAS INCORPORATED IN DELAWARE IN 1984 AND HAS NO POLITICAL OR RELIGIOUS AFFILIATIONS. OUR BOARD CONSISTS OF FIFTEEN VOLUNTEERS OF WHICH A THIRD COME UP FOR RE-ELECTION EACH YEAR. OUR COMMITTEES, AND OUR MEMBERSHIP, REFLECT THE RICH CULTURAL AND RELIGIOUS DIVERSITY OF INDIA. THOUGH IAAD GENERAL BODY MEETINGS ARE OPEN TO ALL PERSONS IN THE COMMUNITY, ONLY DUES PAYING MEMBERS HAVE THE ELIGIBILITY TO STAND FOR / ELECT BOARD MEMBERS. ALL ACTIVITIES ARE SUPPORTED THROUGH MEMBERSHIP DUES, VOLUNTARY CONTRIBUTIONS AND FUND RAISING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Paul Executive Board Executive Board | 1 | $0 | |
Michael Iqbal Executive Board | 1 | $0 | |
Roseline Dcruz Executive Board | 1 | $0 | |
Paresh Patel Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,435 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,435 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,133 |
| Total expenses | $15,133 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,657 |
| Other assets | $0 |
| Total assets | $126,898 |
| Total liabilities | $0 |
| Net assets or fund balances | $126,898 |