Form 990 for tax year 2023
Filed by RASIKA SOCIETY FOR ARTS OF INDIA.
Totals
- Total revenue
- $487,061
- Total expenses
- $386,262
- Contributions and grants received
- $204,660
- Grants paid
- $0
- Program service revenue
- $281,901
- Investment income
- $500
- Other revenue
- $0
- Total assets, end of year
- $313,143
- Total liabilities, end of year
- $64,163
- Net assets or fund balances, end of year
- $248,980
- Program services expenses (Part IX)
- $382,522
- Management and general expenses
- $3,740
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $382,522
Program services were 99.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$45,046
-
1f · All other contributions, gifts and grants
$159,614
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $281,901 · related or exempt $281,901 · unrelated business $0 · excluded $0
-
3 · Investment income
total $500 · related or exempt $0 · unrelated business $500 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
7 · Other salaries and wages
total $5,520 · program services $5,520
-
9 · Other employee benefits
total $281 · program services $281
-
11a · Fees: management
total $243 · management and general $243
-
11b · Fees: legal
total $5,147 · program services $5,147
-
11c · Fees: accounting
total $41 · program services $41
-
11g · Fees: other
total $184,674 · program services $184,674
-
12 · Advertising and promotion
total $1,685 · program services $1,685
-
13 · Office expenses
total $4,086 · program services $1,865 · management and general $2,221
-
14 · Information technology
total $888 · program services $888
-
16 · Occupancy
total $152,445 · program services $152,445
-
17 · Travel
total $28,390 · program services $27,126 · management and general $1,264
-
22 · Depreciation, depletion and amortization
total $747 · program services $747
-
23 · Insurance
total $384 · program services $384
-
24e · All other expenses
total $1,731 · program services $1,719 · management and general $12
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $146,070 · end of year $249,598
-
2 · Savings and temporary cash investments
beginning of year $30,838 · end of year $23,916
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $500 · 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
beginning of year $35,468 · end of year $2,130
-
10a · Land, buildings and equipment: cost or other basis
$3,731
-
10b · Land, buildings and equipment: accumulated depreciation
$747
-
10c · Land, buildings and equipment, net
beginning of year $3,730 · end of year $2,984
-
11 · Investments: publicly traded securities
beginning of year $21,610 · end of year $34,515
-
17 · Accounts payable and accrued expenses
beginning of year $37,707 · end of year $6,000
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $57,500 · end of year $45,000
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $7,143 · end of year $13,163
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $135,866 · end of year $248,980
Mission and programs · 2023
Mission
Rasika's primary exempt purpose is to promote, present and educate the public on the arts and culture of India primarily in the State of Oregon. This is accomplished by presenting lecture demonstrations, workshops and presentation of folk and classical music of India and dance concerts by master artists from India and other local Indian artists resident in Oregon and from all over the US. The distinguishing feature of this organization is its mission to provide education/outreach of the Indian arts and culture. Rasika celebrated the 25th year anniversary with more programming and support that enabled us to increase our gross for this fiscal year 2023-24. We increased the visibility of the organization and started newer programs.
Activities or mission (Part I)
Rasika primary exempt purpose is to promote, present and educate the public on the arts and culture of India in the State of Oregon. This is accomplished by presenting lecture demonstrations, workshops and presentation of folk and classical music of India and dance concerts by master artists from India and other local Indian artists resident in Oregon and from all over the US. The distinguishing feature of this organization is its mission to provide education/outreach of the Indian arts and culture. The reported fiscal year is RASIKA 25th Anniversary year and special concert was arranged to celebrate 25 years of achievements!!
-
For the 25th year, RASIKA presented a major concert, one of India's most illustrious and internationally renowned vocalist Shreya Ghoshal with her troupe at the prestigious performing arts venue in Portland, the Keller auditorium. This was attended by over 2500 people. This great achievement in the 25th year of RASIKA bringing an artist of her caliber for the first time to Portland was appreciated by the community.
Expenses $272,522 · Revenue $277,782
-
RASIKA presented the 25th season inaugural concert by Sudha Raghunathan, one of the top Carnatic Vocalist, singer and composer. She was conferred the coveted awards, Padma Shri (2004) and Padma Bhushan (2015) by the Government of India. This concert was supported by a Grant from Regional Arts and Culture council, Portland.
Expenses $9,075 · Grants $5,000 · Revenue $8,020
-
RASIKA music school and RASIKA India Music Ensemble (RIME) is an ongoing activity by RASIKA to teach Indian music--instrumental--violin and percussion to youth in the Portland metro area and online.
Expenses $10,437 · Grants $13,271 · Revenue $2,170
-
The rest of programming included Flute recital by Aruna Sairam, Humanities conversation, Dance tour to rural places and Samatvaa and youth programming.
Expenses $90,488 · Grants $132,289 · Revenue $21,580
As filed on the 2023 return.
Listed in Part VII
-
Ramkumar Vaidyanathan
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Raman Srinivasan
President
- Total calculated
- $0
- Hours/week
- 10
-
Ramu Kailasam
Finance/Tax consultant
- Total calculated
- $0
- Hours/week
- 1
-
Raj Reddy
Web Master
- Total calculated
- $0
- Hours/week
- 1
-
Vishwa Gadamanagu
Board member at large
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423199349318487
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