Hindu Welfare Association Of New York Inc
- Assets
- $2.0m
- Revenue
- $137.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethpage, NY
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 90-0917391
Organization Overview
Hindu Welfare Association Of New York Inc is located in Bethpage, NY. The organization was established in 2013. According to its NTEE Classification (X70) the organization is classified as: Hinduism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hindu Welfare Association Of New York 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, Hindu Welfare Association Of New York Inc generated $137.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $98.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE THOSE SET FORTH IN ITS ARTICLES OF INCORPORATION, AS FROM TIME TO TIME AMENDED. THE CORPORATION IS NOT FORMED FOR PECUNIARY OR FINANCIAL GAIN, AND NO PART OF THE ASSETS, INCOME OR PROFIT OF THE CORPORATION IS DISTRIBUTABLE TO, OR INURES TO THE BENEFIT OF ITS DIRECTORS OR OFFICERS EXCEPT TO THE EXTENT PERMITTED UNDER THE NOT-FOR-PROFIT CORPORATION LAWS OF THE STATE OF NEW YORK.THE CORPORATION SHALL BE NONCOMMERCIAL, NONSECTARIAN, AND NONPARTISAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dinesh Shastri Vice President | OfficerTrustee | 8 | $0 |
Mahesh Sharma Secretary | OfficerTrustee | 8 | $0 |
Suresh Chandra President | OfficerTrustee | 10 | $0 |
Manoj Sharma Treasurer | Trustee | 8 | $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 | $137,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,282 |
| Total Program Service Revenue | $0 |
| Investment income | $129 |
| 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 | $137,411 |
| 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 | $9,108 |
| 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 | $1,350 |
| Fees for services: Accounting | $400 |
| 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 | $14,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,123 |
| Insurance | $3,162 |
| All other expenses | $5,460 |
| Total functional expenses | $98,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,771 |
| 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 | $1,678,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,001,135 |
| 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 | $285,999 |
| Secured mortgages and notes payable | $220,405 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $506,404 |
| 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 | $1,494,731 |
| Total liabilities and net assets/fund balances | $2,001,135 |
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