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Nonprofiteer
← INDIA CONNECTION MINISTRIES INC

Form 990 for tax year 2023

Filed by INDIA CONNECTION MINISTRIES INC.

Totals

Total revenue
$445,244
Total expenses
$2,330,066
Contributions and grants received
$327,058
Grants paid
$2,267,192
Program service revenue
$0
Investment income
$118,186
Other revenue
$0
Total assets, end of year
$1,292,878
Total liabilities, end of year
$503
Net assets or fund balances, end of year
$1,292,375
Program services expenses (Part IX)
$2,284,246
Management and general expenses
$21,525
Fundraising expenses
$24,295
Program service expenses (Part III)
$2,284,246

Program services were 98.0% 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.

  • 1f · All other contributions, gifts and grants

    $327,058

  • 3 · Investment income

    total $101,689 · excluded $101,689

  • 7a · Gross sales of assets other than inventory

    securities $1,892,885

  • 7b · Less cost or other basis and sales expenses

    securities $1,876,388

  • 7c · Gain or loss

    securities $16,497

  • 7d · Net gain or loss

    total $16,497 · excluded $16,497

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $2,267,192 · program services $2,267,192

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · program services $12,000 · management and general $6,000 · fundraising $12,000

  • 11g · Fees: other

    total $13,623 · management and general $13,623

  • 13 · Office expenses

    total $5,054 · program services $5,054

  • 17 · Travel

    total $321 · management and general $321

  • 24a · Other expenses: Fundraising Expense

    total $12,295 · fundraising $12,295

  • 24e · All other expenses

    total $1,581 · management and general $1,581

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $146,609 · end of year $61,431

  • 3 · Pledges and grants receivable

    beginning of year $31,000 · end of year $1,455

  • 10a · Land, buildings and equipment: cost or other basis

    $5,009

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $5,009

  • 11 · Investments: publicly traded securities

    beginning of year $2,999,681 · end of year $1,224,983

  • 17 · Accounts payable and accrued expenses

    beginning of year $93 · end of year $503

  • 27 · Net assets without donor restrictions

    beginning of year $381,781 · end of year $575,610

  • 28 · Net assets with donor restrictions

    beginning of year $2,795,416 · end of year $716,765

Mission and programs · 2023

Mission

Our mission is to reach the unreached and teach the untaught with the gospel of Jesus Christ.

Activities or mission (Part I)

To reach the unreached and teach the untaught with the gospel of Jesus Christ.

  • India Connection Inc. reaches the unreached people of India, spiritually, medically and socially, by providing funding for spiritual training, and community development programs.During 2022:- India Connection funding assisted in the planting of over 2 dozen churches across India- Over 300 pastors from around the country participated and were in attendance at the 2022 Pastor's Conference- The Girls Home of Pune currently has 30 girls in residence, in 2022 we graduated 3 students and placed them in college(Continued on Schedule O)- The full-time doctor at our free Medical Clinic continued to serve the poor in Pune- Enrollment at the International School of Pune increased from 40 to 90 students- Enrollment at the Koinonia College of Theology increased to 6 full-time undergraduate students and 12 online graduate studentsThis program is supported by contributions.

    Expenses $2,284,246 · Grants $2,267,192

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christine Jegadesh

    Board member

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Russell

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy Tetlow

    Board member

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen Morse

    Executive Director

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2023
Filed
11 April 2024
IRS schema version
2023v5.0
Source object
202401359349303270

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