Nepali American Community Center
- Assets
- $3.1m
- Revenue
- $238.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 83-3917427
Organization Overview
Nepali American Community Center is located in Fairfax, VA. The organization was established in 2019. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Nepali American Community Center 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 12/2023, Nepali American Community Center generated $238.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $49.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEPALI AMERICAN COMMUNITY CENTER (NACC) IS TO PRESERVE AND PROMOTE NEPALI IDENTITY, LANGUAGE, SOCIAL & CULTURAL VALUES, NORMS AND MANNERS AMONG ALL GENERATIONS OF PEOPLE OF NEPALI ORIGIN LIVING IN NORTH AMERICA
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDINGS FUNDS:NACC INTENDS TO MAINTAIN AND EXPAND THE NEPALI AMERICAN COMMUNITY CENTER (BUILDING) AND OPERATE IT WITH THE DELIBERATE INSTITUTIONAL PURPOSE OF ACHIEVING COLLECTIVEGOALS THAT WILL CONTRIBUTE TO THE REALIZATION OF THEORGANIZATIONS MISSION
JUNIOR PROGRAM:NACC HAS CREATED AN EFFECTIVE PROGRAM TO ALLOW CHILDREN TO GET INVOLVED IN VARIOUS ASPECTS THAT HELPS TO PRESERVE OUR LANGUAGE AND CULTURE FOR GENERATIONS TO COME AND IS FOCUSED ON CHILDREN 18 AND UNDER. THE PROGRAM ALLOWS OUR CHILDREN TO GET DIRECTLY CONNECTED WITH THE NEPALI COMMUNITY, ENGAGE IN COMMUNITY ACTIVITIES AND DEVELOP LEADERSHIP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Govinda Mainali Trustee | Trustee | 5 | $0 |
Dadhi Dhungana Trustee | Trustee | 5 | $0 |
Gopla Regmi Trustee | Trustee | 5 | $0 |
Tara Nath Pokharel Trustee | Trustee | 5 | $0 |
Parsuram Bhandari Trustee | Trustee | 5 | $0 |
Tika Mainali Vice President | Trustee | 5 | $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 | $225,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,659 |
| Total Program Service Revenue | $9,675 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| 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 | $238,934 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,783 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $49,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,975 |
| 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 | $1,648,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,167,249 |
| Total assets | $3,084,719 |
| Accounts payable and accrued expenses | $750 |
| 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 | $463,388 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $464,138 |
| Net assets without donor restrictions | $1,720,190 |
| Net assets with donor restrictions | $900,391 |
| 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 | $3,084,719 |