Skip to content
Nonprofiteer
← INDIAN AMERICAN INTERNATIONAL CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by INDIAN AMERICAN INTERNATIONAL CHAMBER OF COMMERCE.

Totals

Total revenue
$194,241
Total expenses
$257,887
Contributions and grants received
$194,241
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$34,931
Total liabilities, end of year
$793,400
Net assets or fund balances, end of year
-$758,469
Program services expenses (Part IX)
$244,106
Management and general expenses
$13,781
Fundraising expenses
$0
Program service expenses (Part III)
$244,106

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $194,241

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,000 · management and general $5,000

  • 11c · Fees: accounting

    total $4,150 · management and general $4,150

  • 11g · Fees: other

    total $248,737 · program services $244,106 · management and general $4,631

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,629 · end of year $34,873

  • 2 · Savings and temporary cash investments

    beginning of year $21,448 · end of year $58

  • 19 · Deferred revenue

    beginning of year $70,000 · end of year $96,500

  • 23 · Secured mortgages and notes payable

    beginning of year $96,900 · end of year $96,900

  • 25 · Other liabilities

    beginning of year $600,000 · end of year $600,000

  • 27 · Net assets without donor restrictions

    beginning of year -$694,823 · end of year -$758,469

Mission and programs · 2022

Mission

TO PROMOTE AND FOSTER ECONOMIC DEVELOPMENT OF THE UNITED STATES OF AMERICA, REPUBLIC OF INDIA TOGETHER WITH THE REST OF THE WORLD FOR THE BENEFIT OF ALL.

  • THE INDIAN AMERICAN INTERNATIONAL CHAMBER OF COMMERCE (IAICC) IS AN UMBRELLA ORGANIZATION THAT PROVIDES A SUSTAINABLE PLATFORM AND LEADERSHIP FORUM FOR ENTREPRENUERS, PROFESSIONALS, BUSINESSES AND GOVERNMENTS IN THE UNITED STATES, AND INDIA TO INTERACT, EXCHANGE AND PROMOTE ECONOMIC DEVELOPMENT AND IMPROVE RELATIONSHIPS BETWEEN THE U.S., INDIA AND THE REST OF THE WORLD.SINCE ITS LAUNCH IN WASHINGTON DC IN 1990, IAICC HAS BEEN SERVING INDIAN AMERICAN-OWNED AND OPERATED BUSINESSES. THE ORGANIZATION,THROUGH ITS CHAPTERS, AFFILIATES AND OTHER ORGANIZATIONS, PROVIDES VITAL RESOURCES AND SUPPORT TO EDUCATE, TRAIN AND MENTOR ITS MEMBERSHIP. IT ACTS AS A CATALYST TO ESTABLISH STRATEGIC ALLIANCES

    Expenses $244,106 · Revenue $194,241

As filed on the 2022 return.

Listed in Part VII

  • Sudhir Parikh MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kumar Allady

    VICE CHAIRMAN-US DIVISION

    Total calculated
    $0
    Hours/week
    5

  • Anil Aggarwal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shankar Rachakonda

    CHAIRMAN OF EXECUTIVE BOARD -

    Total calculated
    $0
    Hours/week
    5

  • Appen P Menon Esq

    EXECUTIVE CHAIRMAN AND DIRECT

    Total calculated
    $0
    Hours/week
    5

  • Kv Kumar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Narasimhulu Neelagaru

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Glenn Falcao

    SECRETARY AND DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 June 2024
IRS schema version
2022v5.0
Source object
202421669349301512

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.