Magar Association Usa Inc
- Assets
- $0.0
- Revenue
- $182.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodside, NY
- Founding
- 07/2019
- Data as of
- 07/2024
- EIN
- 84-1655629
Organization Overview
Magar Association Usa Inc is located in Woodside, NY. The organization was established in 2019. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magar Association USA 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 07/2024, Magar Association USA Inc generated $182.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $108.7k during the year ending 07/2024. While expenses have increased by 38.2% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
CREATING A SENSE OF SHARED RESPONSIBILITIES TOWARDS THE MAGAR COMMUNITY IN USA. AND HELP HUMANITARIAN CRISIS WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL PROGARM FOR ALL MEMBERS GENERAL MEETING.
ARTIST AWARD DONATION TO CANCER SUFFERER BIKHAN THAPA MAGHE SANKRANTI FESTIVAL DEUSI BHAILO PROGRAM SUMMER PICNIC PROGRAM MAGHE SAKRANTI PROGRAM TEEJ FESTIVAL PRINTER & DESIGN
SCHOLORSHIP FOR NEEDY STUDENTS OTHER VARIOUS COMMUNITY BASED PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yam B Pun Magar President | Trustee | 5 | $0 |
Deep K Budha Magar Senior Vice- President | Trustee | 4 | $0 |
Jeeva Raj Budha Vice-President Easten Region | Trustee | 2 | $0 |
Min Darlani Magar Vice-President Central Region | Trustee | 2 | $0 |
Tek Bahadur Thapa Vice-President Westen Region | Trustee | 2 | $0 |
Ganesh Ale Magar Vice-President Linguistic | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,930 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,695 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $182,695 |
| 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 | $76,679 |
| 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 | $12,417 |
| Fees for services: Legal | $359 |
| 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 | $1,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $307 |
| 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 | $1,413 |
| All other expenses | $4,938 |
| Total functional expenses | $108,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |