Ra-Ve Cultural Foundation Inc
- Assets
- $158.1k
- Revenue
- $308.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-5302001
Organization Overview
Ra-Ve Cultural Foundation Inc is located in Bentonville, AR. The organization was established in 2018. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Ra-Ve Cultural Foundation 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 12/2022, Ra-Ve Cultural Foundation Inc generated $308.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 48.7% each year . All expenses for the organization totaled $249.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RA-VE CULTURAL FOUNDATION INC IS A NON-PROFIT 501C3 ORGANIZATION BASED IN THE NORTHWEST ARKANSAS REGION AND FOUNDED IN 2018. THE MISSION OF RA-VE CULTURAL FOUNDATION INC IS TO BRING INDIAN PERFORMING ARTS WITH AN EMPHASIS ON THE CLASSICAL GENRE TO THE FOREFRONT OF THE NORTHWEST ARKANSAS AREA. THE ORGANIZATION SEEKS TO ACHIEVE THIS BY EDUCATING AND INSPIRING PEOPLE TO LEARN TEACH AND SUSTAIN INDIAN PERFORMING ARTS IN NWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIAN CLASSICAL DANCE BHARATHANATYAM CLASSICAL CARNATIC VOCAL MUSIC WORKSHOPS WERE CONDUCTED BY PROFESSIONAL ARTISTS. THESE WORKSHOPS WERE OPEN TO THE NWA COMMUNITY. LOCAL PROFESSIONAL ARTISTS WERE INVITED TO PERFORM IN EVENTS ORGANIZED BY RA-VE.
INDIAN CLASSICAL DANCE BHARATHANATYAM CLASSICAL CARNATIC VOCAL MUSIC WORKSHOPS WERE CONDUCTED BY PROFESSIONAL ARTISTS. THESE WORKSHOPS WERE OPEN TO THE NWA COMMUNITY. LOCAL PROFESSIONAL ARTISTS WERE INVITED TO PERFORM IN EVENTS ORGANIZED BY RA-VE.
MUSIC DANCE YOGA MUSICAL INSTRUMENTS CLASSES
MUSIC DANCE YOGA MUSICAL INSTRUMENTS CLASSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nandhini Varadaraj President And Board Director | Trustee | 3 | $0 |
Arun Gopinath Vice President Board Director | Trustee | 2 | $0 |
Smitha Kartik Secretary Board Director | Trustee | 3 | $0 |
Satish Ramani Treasurer Board Director | Trustee | 3 | $0 |
Scott Galbraith Board Director | Trustee | 3 | $0 |
Srividya Venkatasubramanya Executive Director | Officer | 20 | $18,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,541 |
| Total Program Service Revenue | $0 |
| Investment income | $197 |
| 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 | $308,448 |
| 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. | $33,165 |
| Compensation of current officers, directors, key employees. | $33,165 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,553 |
| 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 | $27,504 |
| Advertising and promotion | $23,108 |
| Office expenses | $9,936 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,011 |
| Total functional expenses | $249,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,087 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,087 |
| Accounts payable and accrued expenses | $12,158 |
| 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 | $12,158 |
| Net assets without donor restrictions | $145,929 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $158,087 |