Iranian Cultural Society Of North Carolina Inc
- Assets
- $1.6m
- Revenue
- $462.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 58-1794505
Organization Overview
Iranian Cultural Society Of North Carolina Inc is located in Raleigh, 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 12/2021, Iranian Cultural Society Of North Carolina Inc generated $462.1k in total revenue. All expenses for the organization totaled $66.8k during the year ending 12/2021. While expenses have increased by 62.2% 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
TO PRESERVE, PROMOTE PERSIAN LANGUAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSIAN FESTIVAL, NOROOZ, PROMOTE PERSIAN MUSIC, ART, FOOD AND CULTURE CELEBRATION FOR THE BENEFIT OF IRANIAN AS WELL AS GREATER COUMUNITY.PERSIAN SCHOOL OFFERS TO STUDY FARSI LA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramin Karimpour Board Member | Officer | 2 | $0 |
Kazem Yahyapour Board Member | Officer | 2 | $0 |
Forooz Salim Board Member | Officer | 2 | $0 |
Mohammad A Memar Board Member | Officer | 2 | $0 |
Nazi Ahmadi Kite Secretary | Officer | 2 | $0 |
Javad Taheri Vice President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,472 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $458,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,057 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $462,057 |
| 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 | $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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $3,234 |
| Interest | $38,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,027 |
| All other expenses | $1,810 |
| Total functional expenses | $66,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,338 |
| 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 | $1,247,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $589 |
| Other assets | $0 |
| Total assets | $1,626,470 |
| 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 | $750,000 |
| Unsecured mortgages and notes payable | $176,000 |
| Other liabilities | $0 |
| Total liabilities | $926,000 |
| 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 | $700,470 |
| Total liabilities and net assets/fund balances | $1,626,470 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iranian Cultural Society Of North Carolina Inc has recieved totaling $1,168.
| Awarding Organization | Amount |
|---|---|
Analog Devices Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $1,030 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saudi Arabian U S Business Council Inc Vienna, VA | $3,546,346 | $2,319,248 |
Nashville International Center For Empowerment Nashville, TN | $897,200 | $2,966,739 |
Afro-American Cultural Center Inc Charlotte, NC | $10,610,750 | $1,926,817 |
Conquistadores Del Cielo Williamsburg, VA | $361,595 | $2,072,328 |
The International School Of Charlottesvlle Inc Charlottesville, VA | $2,986,526 | $2,354,548 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
American Turkish Council Arlington, VA | $0 | $1,588,052 |
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 |
Hola Community Arts Asheville, NC | $765,095 | $804,752 |
Saurashtra Patel Cultural Samaj Morrisville, NC | $2,068,282 | $527,959 |