Totals
- Total revenue
- $2,812,647
- Total expenses
- $1,297,984
- Contributions and grants received
- $2,786,933
- Grants paid
- $0
- Program service revenue
- $23,838
- Investment income
- $1,876
- Other revenue
- $0
- Total assets, end of year
- $2,521,202
- Total liabilities, end of year
- $73,743
- Net assets or fund balances, end of year
- $2,447,459
- Program services expenses (Part IX)
- $921,691
- Management and general expenses
- $286,061
- Fundraising expenses
- $90,232
- Program service expenses (Part III)
- $921,691
Program services were 71.0% 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.
-
1b · Membership dues
$1,400,470
-
1f · All other contributions, gifts and grants
$1,386,463
-
1g · Noncash contributions included above
$24,691
-
2a · Program service revenue: AUSTIN FORUM
total $3,838 · related or exempt $3,838
-
2b · Program service revenue: COLLECTIVE CAREERS
total $20,000 · related or exempt $20,000
-
3 · Investment income
total $1,876 · excluded $1,876
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $150,950 · program services $75,475 · management and general $45,285 · fundraising $30,190
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $455,535 · program services $284,388 · management and general $121,310 · fundraising $49,837
-
8 · Pension plan contributions
total $19,059 · program services $1,408 · management and general $17,651
-
9 · Other employee benefits
total $1,112 · management and general $1,112
-
10 · Payroll taxes
total $38,241 · program services $23,633 · management and general $10,116 · fundraising $4,492
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $22,101 · program services -$2,100 · management and general $24,201
-
11c · Fees: accounting
total -$1,500 · management and general -$1,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $157,368 · program services $137,868 · management and general $19,500
-
12 · Advertising and promotion
total $3,490 · management and general $3,490
-
13 · Office expenses
total $9,460 · program services $8,822 · management and general $638
-
14 · Information technology
total $6,494 · program services $5,512 · management and general $982
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $137,311 · program services $135,669 · management and general $1,642
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: EVENTS
total $245,210 · program services $237,580 · management and general $7,630
-
24b · Other expenses: PAYROLL PROCESSING FEES
total $25,691 · management and general $25,691
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $10,428 · program services $5,497 · management and general $4,931
-
24d · Other expenses: BANK SERVICE CHARGES
total $6,326 · management and general $613 · fundraising $5,713
-
24e · All other expenses
total $10,708 · program services $7,939 · management and general $2,769
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $184,632 · end of year $367,468
-
2 · Savings and temporary cash investments
beginning of year $758,855 · end of year $2,152,434
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $1,300
-
17 · Accounts payable and accrued expenses
beginning of year $27,606 · end of year $29,800
-
25 · Other liabilities
beginning of year $16,764 · end of year $43,943
-
27 · Net assets without donor restrictions
beginning of year $899,117 · end of year $2,447,459
Mission and programs · 2023
Mission
Transforming the success of the Indian diaspora into meaningful impact worldwide.
-
INCREASING THE IMPACT OF THE INDIAN DIASPORA WORLDWIDEABOUT:In line with its mission, Indiaspora continued its activities to transform the success of the Indian diaspora into meaningful impact worldwide, we established and expanded Indian diaspora relationships with prominent Indian leaders in the United States, India and several other countries. We organized a virtual philanthropy summit, informing and educating Indian diaspora and Indian participants around philanthropy and encouraging the Indian diaspora to get more philanthropically involved. We also organized a virtual climate summit.
Expenses $729,720
-
AUSTIN FORUM The Indiaspora Annual Forum 2023 was a three-day event curated by Indiaspora and was held at the Hyatt Regency Lost Pines Resort in Austin, Texas, from October 13-15, 2023. This exclusive forum, with a dedicated spotlight on Indiaspora members, honed in on relationship building between the members whilst celebrating the success stories and addressing the challenges of the diaspora.
Expenses $140,301 · Revenue $3,838
-
The Indiaspora G20 Forum:ABOUT:FORUM took place between 22-24 August 2023 at the Hotel Taj Palace in New Delhi. Several luminaries from the public, business and academic spheres attended the riveting discussions and participated as speakers as well. The Forum brought together around 300 diaspora leaders from 26 countries and successfully realized its objective of serving as a one-of-a-kind platform to voice the views, opinions and ideas of the increasingly influential Indian diaspora community worldwide. The Forum was also a nod to Indias G20 Presidency for the year 2023 and was organized keeping in mind the necessity of having a dialogue dedicated to the Indian diaspora as India marches towards the hundredth year of its independence. The Forum featured several plenary sessions which included talks, fireside chats and panel discussions on various topics like philanthropy, trade & investment and entrepreneurship & innovation. It also included different breakout sessions on soft power diplomacy, knowledge sharing, healthcare, AI and the like. All the sessions saw eager participation from the audience.
Expenses $51,670
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sanjeev Y JoshipuraSANJEEV Y JOSHIPURA
Executive Dir.
- Total calculated
- $253,708
- From this org
- $251,208
- From related orgs
- $0
- Other
- $2,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,208
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $2,500
- Filer's total
- $253,708
-
Neha DewanNEHA DEWAN
Vice President
- Total calculated
- $176,552
- From this org
- $176,552
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,552
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $176,552
-
Shoba ViswanathanSHOBA VISWANATHAN
Vice President
- Total calculated
- $141,411
- From this org
- $141,411
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Manasi DhameMANASI DHAME
Director
- Total calculated
- $130,891
- From this org
- $130,891
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Madhavan RangaswamiMADHAVAN RANGASWAMI
Chairman
- Total calculated
- $0
- Hours/week
- 20 + 5 related
-
Rajan NavaniRAJAN NAVANI
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Priya Natarajan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sejal HathiSEJAL HATHI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Arun KumarARUN KUMAR
Director
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7: Non-Fixed payments not listed above
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · EDUCATION · CA
Directly controlled by NA
-
INDIASPORA SERVICES PVT LTD
PROGRAMS/ EVENTS · IN
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SAND HILL GROUP LLC
CONSULTING · CA
Directly controlled by NA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
INDIASPORA SERVICES PVT LTD
C CORP · PROGRAMS/ EVENTS · IN · 99.99% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443189349310034
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