Brevard Indo-American Medical & Dental Association Inc
- Assets
- $963.6k
- Revenue
- $99.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Satellite Beach, FL
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 59-3576907
Organization Overview
Brevard Indo-American Medical & Dental Association Inc is located in Satellite Beach, FL. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brevard Indo-American Medical & Dental Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Brevard Indo-American Medical & Dental Association Inc generated $99.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $62.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 7 years. 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
PROVIDE A FORUM FOR MEDICAL, SCIENTIFIC, EDUCATION, CULTURAL, CHARITABLE AND SOCIAL INTERACTION AMONG PHYSICIANS, DENTISTS, AND OTHER MEDICAL SCIENTIST MEMBERS OF INDIAN HERITAGE IN BREVARD COUNTY AND CENTRAL FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HELD A MEDICAL SYMPOSIUM DURING APRIL 2020. THE SYMPOSIUM INCLUDED MEDICAL LECTURES, SCIENTIFIC EXHIBITS AND WAS ATTENDED BY MORE THAN 300 DENTISTS AND PHYSICIANS OF INDIAN HERITAGE
THE ORGANIZATION HELD ITS ANNUAL CONTINUING MEDICAL EDUCATION SEMINAR AND MEETING IN NOVEMBER 2020. MEMBERS AND THEIR GUESTS ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Subhash Rege Treasurer | Officer | 0 | $0 |
Adhinarayan Lagudu Secretary | Officer | 0 | $0 |
Markand Patel President Elect | Officer | 0 | $0 |
Devin Datta President | Officer | 0 | $0 |
Rajasri Krishnamurthy Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Investment income | $31,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,136 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,438 |
| 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 | $1,741 |
| 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 | $2,318 |
| Information technology | $60 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $403 |
| Insurance | $919 |
| All other expenses | $15,906 |
| Total functional expenses | $62,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,166 |
| Savings and temporary cash investments | $286,913 |
| 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 | $518 |
| Investments—publicly traded securities | $557,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,131 |
| Total assets | $963,594 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $963,594 |
| Total liabilities and net assets/fund balances | $963,594 |
Grants Awarded
Over the last fiscal year, Brevard Indo-American Medical & Dental Association Inc has awarded $103,805 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Rockledge, FL PURPOSE: SUPPORT | $16,500 |
Viera, FL PURPOSE: SCHOLARSHIPS | $15,100 |
Cocoa, FL | | $15,000 |
Titusville, FL PURPOSE: SUPPORT | $15,000 |
Melbourne, FL | | $15,000 |
Orlando, FL PURPOSE: SCHOLARSHIPS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |
Florida Sugar Cane League Inc Clewiston, FL | $7,160,509 | $7,506,531 |
Georgia Chamber Of Commerce Inc Atlanta, GA | $7,473,907 | $7,231,952 |
American Accounting Association Lakewood Ranch, FL | $12,441,964 | $7,536,784 |
Ims Global Learning Consortium Inc Lake Mary, FL | $12,539,659 | $7,120,866 |
Southern Pine Inspection Bureau Pensacola, FL | $6,165,981 | $6,410,663 |
Georgia Society Of Certified Public Accountants Inc Atlanta, GA | $8,640,811 | $5,890,900 |
Montgomery Area Chamber Of Commerce Montgomery, AL | $3,766,840 | $6,554,835 |
Carpet & Rug Institute Inc Dalton, GA | $7,916,112 | $6,354,333 |