Iranian Cultural Society Of North Carolina Inc is located in Durham, NC. The organization was established in 1989. 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. Iranian Cultural Society Of North Carolina 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 12/2023, Iranian Cultural Society Of North Carolina Inc generated $392.8k in total revenue. All expenses for the organization totaled $248.3k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROMOTE THE PERSIAN LANGUAGE, CULTURE, AND TRADITIONS BY OFFERING CLASSES AND ENHANCING COMMUNICATION AMONG MEMBERS THROUGH VARIOUS ACTIVITIES AND PARTICIPATING IN CHARITABLE PROGRAMS TO BENEFIT THE MEMBERSHIP AND THE GREATER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PERSIAN SCHOOL CONTINUED THROUGH CLASSES AND OUTDOOR ACTIVITIES AND SAW A SIGNIFICANT INCREASE IN PARTICIPATION WITH THE ESTABLISHMENT OF IN-PERSON CLASSES AT THE IRANIAN CULTURAL SOCIETY OF NORTH CAROLINA, INC'S (ICSNC) PERSIAN SCHOOL IN THE ARIA CULTURAL CENTER. THE SCHOOL, NOW FURNISHED WITH NEW FURNITURE TO ACCOMMODATE ALL CHILDREN AS YOUNG AS AGE 3, EXPERIENCED A SUBSTANTIAL RISE IN THE NUMBER OF STUDENTS AND VOLUNTEER TEACHERS. THE MONTESSORI CLASSES WERE SET UP AT SUITE 702, AND THE REST WERE HELD AT SUITE 700. ADULT FARSI CLASSES CONTINUED ONLINE. IN ADDITION, MASSNAVI CLASSES ERER HELD ON A BIWEEKLY BASIS AT THE CNETER WITH SOLID ATTENDANCE. MONTESSORI METHOD MATERIALS WERE PRUCHASED BY THE TEACHERS AND WERE INSTALLED IN THE CLASSROOMS. (CONTINUED ON SCHEDULE O).(CONTINUED FROM PAGE 2) SEVERAL EXTRACURRICULAR ACTIVITIES WERE HELD AT THE SCHOOL, EXPOSING THE CHILDREN TO TRADITIONAL MUSICAL INSTRUMENTS. ICSNC ALSO HELD SEVERAL SUCCESSFUL TRADITIONAL EVENTS DURING YEAR 2023. THESE CULTURAL EVENTS WERE ATTENDED BY STUDENTS, FAMILIES, TEACHERS, AND COMMUNITY MEMBERS. THER PERSIAN SCHOOL ACHIEVED A SIGNIFICANT MILESTONE BY RAISING APPROXIMATELY THIRTY THOUSAND DOLLARS IN DONATIONS TOWARD BUILDING A PLAYGROUND ON THE GROUNDS OF THE ARIA CULTURAL CENTER. THIS SUCCESSFUL FUNDRAISING EFFORT IS A TESTAMENT TO THE COMMUNITY'S SUPPORT AND COMMITMENT TO ICSNC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Javad Taheri President & Director | OfficerTrustee | 4 | $0 |
Maria Thoenen Vice President & Director | OfficerTrustee | 4 | $0 |
Shahla Bagheri Treasurer & Director | OfficerTrustee | 4 | $0 |
Mehrnaz Kite Secretary & Director | OfficerTrustee | 4 | $0 |
Kazem Yahyapour Director & Aria Cultural Center Exective Director | Trustee | 4 | $0 |
Mehdi Emamian Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $4,985 |
Fundraising events | $218,815 |
Related organizations | $0 |
Government grants | $0 |
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 | $223,800 |
Total Program Service Revenue | $85,540 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $83,465 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $392,805 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,620 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $11,147 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $34,212 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $75,276 |
Interest | $55,556 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,971 |
All other expenses | $12,889 |
Total functional expenses | $248,341 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $117,378 |
Savings and temporary cash investments | $0 |
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 | $2,755,202 |
Investments—publicly traded securities | $589 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,873,169 |
Accounts payable and accrued expenses | $0 |
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 | $1,216,263 |
Unsecured mortgages and notes payable | $727,000 |
Other liabilities | $29,775 |
Total liabilities | $1,973,038 |
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 | $900,131 |
Total liabilities and net assets/fund balances | $2,873,169 |