Nritya Natya Academy
- Assets
- $73.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- lisle, IL
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-0645210
Organization Overview
Nritya Natya Academy is located in lisle, IL. The organization was established in 2019. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Nritya Natya Academy 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, Nritya Natya Academy generated $72.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $62.1k during the year ending 12/2022. While expenses have increased by 14.5% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ALL REVENUES WERE GENERATED FROM THE TUITION OF STUDENTS IN THE YEAR 2022 AND THROUGH SOME PERFORMANCES THAT NRITYA NATYA ACADEMY DESIGNED OR DID. WE DID PERFORM FOR COMMUNITIES AND SOME COVID WELFARE ORGANIZATIONS FOR FREE. WE PERFORMED FOR SOME GOVERNMENT EVENTS AS WELL AND WERE RECOGNIZED BY THE STATE OFFICIALS. ALL EXPENSES ARE MAJORLY FROM THE MORTGAGE OF THE STUDIO SPACE AND ITS UTILITIES. DUE TO COVID, EXTRA CARE AND EXPENSE WERE TAKEN TO KEEP THE STUDIO SANITIZED AND OTHER PRECAUTIONARY MEASURES TO MAINTAIN STUDENTS' SAFETY. SEVERAL COSTUMES WERE SHIPPED OVERSEAS FOR MAINTENANCE AND SHIPPED BACK. THE BELLS THAT THE STUDENTS NEEDED FOR DANCING WERE ALSO SHIPPED AND ORDERED FROM OVERSEAS. WE RECIEVED A ONE TIME OPERATIONAL GRANT OF $1800 FROM ILLINIS ARTS COUNCIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madhura Sane Director | 80 | $0 | |
Parag Bhide Officer | 4 | $0 | |
Harshad Sane Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,800 |
| Total Program Service Revenue | $70,538 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,338 |
| 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 | $62,138 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $62,138 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,796 |
| Other assets | $0 |
| Total assets | $73,796 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,796 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Institute Of Chicago Evanston, IL | $11,276,124 | $7,011,364 |
Chicago Academy For The Arts Chicago, IL | $3,169,468 | $6,255,209 |
Frazier Academy Design Team Inc Chicago, IL | $0 | $3,133,368 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Ingenuity Incorporated Chicago Chicago, IL | $7,892,105 | $6,208,550 |
Marwen Foundation Chicago, IL | $21,640,226 | $2,262,448 |
Urban Gateways Chicago, IL | $1,900,361 | $2,567,092 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Evanston Art Center And Market Evanston, IL | $5,253,080 | $1,872,951 |
Arts Of Life Chicago, IL | $862,987 | $1,651,270 |
Appalachian Artisan Center Of Kentucky Inc Hindman, KY | $4,477,331 | $761,854 |