Telugu Association Of North Texas Inc
- Assets
- $273.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grapevine, TX
- Founding
- 05/1987
- Data as of
- 12/2021
- EIN
- 75-2167127
Organization Overview
Telugu Association Of North Texas Inc is located in Grapevine, TX. The organization was established in 1987. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Telugu Association Of North Texas 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, Telugu Association Of North Texas Inc generated $55.7k 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 (20.8%) each year. All expenses for the organization totaled $55.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN, PRESERVE AND PERPETUATE THE CULTURAL HERITAGE OF TELUGU SPEAKING PEOPLE OF NORTH TEXAS.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ORGANIZED VARIOUS CULTURAL EVENTS, MEETINGS, SEMINARS AND SOCIAL EVENTS IN ORDER TO GARNER THE UNDERSTANDING THE CULTURAL HERITAGE OF THE TELUGU SPEAKING PEOPLE OF NORTH TEXAS.
SEVERAL OTHER CULTURAL AND SPORTING EVENTS.
THE ORGANIZATION ORGANIZED DIFFERENT CULTURAL EVENTS WHICH EMPHASIZED ON THE IMPORTANCE OF TELUGU CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharath Reddy Yerram President-Elect | 3 | $0 | |
Satish Bandaru Vice President | 3 | $0 | |
Uma Mahesh Parnapalli President | 15 | $0 | |
Uday Kiran Nidiganti Joint Secretary | 3 | $0 | |
Suresh Pathaneni Secretary | 5 | $0 | |
Bhanu Prakash Venigalla Joint Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,595 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $114 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,709 |
| 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 | $55,753 |
| Total expenses | $55,753 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $272,721 |
| Other assets | $0 |
| Total assets | $273,721 |
| Total liabilities | $0 |
| Net assets or fund balances | $273,721 |
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