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Indo American Arts Council Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Cultural, Ethnic Awareness (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$787k (2023)

Expenses
$893k (2023)

Total Assets
$71.7k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$787,241
Expenses
$893,080
Net Income
-$105,839
Net Assets
$71,724
Notable Sources of Revenue Percent of Total Revenue
Contributions $688,636
87.5%
Program Services $98,572
12.5%
Investment Income $33
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $71,724
Total Liabilities $0
Net Assets $71,724
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Nirmal Mattoo (Chairman) $0 $0 $0
Rakesh Kaul (Vice Chairman) $0 $0 $0
Anil Bansal (Director) $0 $0 $0
Rajeev Kaul (Secretary) $0 $0 $0
Jaishri Kapoor (Director) $0 $0 $0
Vikas Kapoor (Director) $0 $0 $0
Mathew Veedon (Director) $0 $0 $0
Amjad Ali Khan (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$663,718
Expenses
$231,265
Net Income
$432,453
Net Assets
$177,563
Notable Sources of Revenue Percent of Total Revenue
Contributions $626,839
94.4%
Program Services $36,869
5.6%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $177,563
Total Liabilities $0
Net Assets $177,563
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Nirmal Mattoo (Chairman) $0 $0 $0
Rakesh Kaul (Vice Chairman) $0 $0 $0
Anil Bansal (Director) $0 $0 $0
Rajeev Kaul (Secretary) $0 $0 $0
Jaishri Kapoor (Director) $0 $0 $0
Vikas Kapoor (Director) $0 $0 $0
Mathew Veedon (Director) $0 $0 $0
Amjad Ali Khan (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$154,244
Expenses
$115,376
Net Income
$38,868
Net Assets
-$254,888
Notable Sources of Revenue Percent of Total Revenue
Contributions $144,703
93.8%
Program Services $9,541
6.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,000
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,414
Total Liabilities $307,302
Net Assets -$254,888
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Nirmal Mattoo (Chairman) $0 $0 $0
Rakesh Kaul (Vice Chairman) $0 $0 $0
Anil Bansal (Director) $0 $0 $0
Vishakha Desai (Director) $0 $0 $0
Rajeev Kaul (Secretary) $0 $0 $0
Dharti Desai (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,897
Expenses
$147,629
Net Income
-$60,732
Net Assets
-$293,756
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,128
65.7%
Program Services $29,769
34.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $17,274
11.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,546
Total Liabilities $296,302
Net Assets -$293,756
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Nirmal Mattoo (Chairman) $0 $0 $0
Rakesh Kaul (Vice Chairman) $0 $0 $0
Anil Bansal (Director) $0 $0 $0
Dr Raj Bhayani (Director) $0 $0 $0
Anurag Harsh (Director) $0 $0 $0
Vishakha Desai (Director) $0 $0 $0
Rajeev Kaul (Secretary) $0 $0 $0
Dr Narendra Mulani (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$239,834
Expenses
$255,941
Net Income
-$16,107
Net Assets
-$233,027
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,246
62.6%
Program Services $89,588
37.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $23,759
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,134
Total Liabilities $242,161
Net Assets -$233,027
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Nirmal Mattoo (Chairman) $0 $0 $0
Rakesh Kaul (Vice Chairman) $0 $0 $0
Anil Bansal (Director) $0 $0 $0
Sreenath Sreenivasan (Director) $0 $0 $0
Anurag Harsh (Director) $0 $0 $0
Vishakha Desai (Director) $0 $0 $0
Rajeev Kaul (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$281,083
Expenses
$315,545
Net Income
-$34,462
Net Assets
-$218,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $193,502
68.8%
Program Services $87,581
31.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,281
20.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,115
Total Liabilities $255,555
Net Assets -$218,440

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$271,824
Expenses
$338,026
Net Income
-$66,202
Net Assets
-$182,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $193,809
71.3%
Program Services $78,015
28.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,333
9.9%
Professional Fundraising Fees $0
Other Salaries and Wages $11,667
3.5%
Assets/Debt
Total Assets $84,652
Total Liabilities $267,110
Net Assets -$182,458
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Aroon Shivdasani (President) $33,333 $0 $0
James Luce (Board Member) $0 $0 $0
Talat Ansari (Board Member) $0 $0 $0
Prakash Shah (Board Member) $0 $0 $0
Suresh Venkatachari (Chairman) $0 $0 $0
Jonathan Hollander (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$264,459
Expenses
$255,974
Net Income
$8,485
Net Assets
-$116,256
Notable Sources of Revenue Percent of Total Revenue
Contributions $147,206
55.7%
Program Services $105,429
39.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,824
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $19,334
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $42,167
16.5%
Assets/Debt
Total Assets $5,081
Total Liabilities $121,337
Net Assets -$116,256

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$249,700
Expenses
$327,564
Net Income
-$77,864
Net Assets
-$124,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $164,070
65.7%
Program Services $74,005
29.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,625
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $37,500
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $36,504
11.1%
Assets/Debt
Total Assets $22,747
Total Liabilities $147,488
Net Assets -$124,741
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Aroon Shivdasani (President) $37,500 $0 $0
Jonathan Hollander (Vice President) $0 $0 $0
Prakash Shah (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$353,741
Expenses
$351,639
Net Income
$2,102
Net Assets
-$46,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $197,540
55.8%
Program Services $50,669
14.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $96,995
27.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,537
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $54,167
15.4%
Professional Fundraising Fees $0
Other Salaries and Wages $28,644
8.1%
Assets/Debt
Total Assets $39,041
Total Liabilities $85,917
Net Assets -$46,876
Compensation
Key Employees and Officers Compensation Related Other
Aroon Shivdasani (President) $54,167 $0 $0
Jonathan Hollander (Vice President) $0 $0 $0
Prakash Shah (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$297,272
Expenses
$268,396
Net Income
$28,876
Net Assets
-$60,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $163,419
55.0%
Program Services $34,072
11.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $85,387
28.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,394
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $50,000
18.6%
Professional Fundraising Fees $0
Other Salaries and Wages $17,800
6.6%
Assets/Debt
Total Assets $12,875
Total Liabilities $73,277
Net Assets -$60,402

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$419,028
Expenses
$361,907
Net Income
$57,121
Net Assets
-$89,278
Notable Sources of Revenue Percent of Total Revenue
Contributions $263,035
62.8%
Program Services $64,461
15.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $86,251
20.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,281
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $54,167
15.0%
Professional Fundraising Fees $0
Other Salaries and Wages $42,930
11.9%
Assets/Debt
Total Assets $6,808
Total Liabilities $96,086
Net Assets -$89,278

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$569,504
Expenses
$627,310
Net Income
-$57,806
Net Assets
-$128,870
Notable Sources of Revenue Percent of Total Revenue
Contributions $273,347
48.0%
Program Services $296,157
52.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $236,047
37.6%
Assets/Debt
Total Assets $33,760
Total Liabilities $162,630
Net Assets -$128,870

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2000

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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