ASSOCIATION FOR INDIAS DEVELOPMENT INC

EIN: 043652609 501(c)(3) International Affairs

College Park, MD

Total Revenue
$3,033,792
Total Expenses
$2,951,943
Total Assets
$7,361,789
Net Assets
$7,257,134
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MD
Principal Officer
Satindar M Bhagat
Phone
3013455308
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION FOR INDIAS DEVELOPMENT INC, founded in 2001, is a community nonprofit in the International Affairs sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Net assets of $7.3M represent 29 months of operating reserves.

Mission

To support development work and tackle poverty in India by making grants and creating awareness in areas of education, health, environment, community empowerment & Rights. Association for India's Development is a volunteer movement promoting sustainable, equitable and just development. AID supports grassroots organizations in India and initiates efforts in various interconnected spheres such as education, livelihoods, natural resources including land, water and energy, agriculture, health, women's empowerment and social justice.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,487,008
Program Service Revenue $0
Investment Income $502,189
Other Revenue $44,595
TOTAL REVENUE $3,033,792

Expense Breakdown

Grants Paid $2,508,856
Salaries & Benefits $162,012
Fundraising Expenses $28,332
Program Expenses $2,835,734
Other Expenses $281,075
TOTAL EXPENSES $2,951,943

Year-over-Year Comparison

2023 2022 Change
Revenue $3,033,792 $2,309,735 +0.3%
Expenses $2,951,943 $2,556,280 +0.2%
Net Income $81,849 $-246,545 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SATINDAR MOHAN BHAGAT President & Director 10
Director
$0 $0 $0
Srinivas Naga Chadaram CFO & Director 10
Director
$0 $0 $0
Rashim Singh Secretary & Director 10
Director
$0 $0 $0
Asti Bhatt Director 10
Director
$0 $0 $0
Shrinaath Chidambaram Director 10
Director
$0 $0 $0
Bikash Kanungo Director 10
Director
$0 $0 $0
Vidya Palaniswamy Director 10
Director
$0 $0 $0
Balachandran Executive Member 10
Officer
$0 $0 $0
Samyukta Mandavilli Executive Member 10
Officer
$0 $0 $0
Vedant Sumaria Executive Member 10
Officer
$0 $0 $0
Subhayan Sahu Executive Member 10
Officer
$0 $0 $0
Vimla Gulbani Executive Member 10
Officer
$0 $0 $0
Meenal Jobalia Executive Member 10
Officer
$0 $0 $0
Veena S Executive Member 10
Officer
$0 $0 $0
Sohini Pal Dey Executive Member 10
Officer
$0 $0 $0
Latha Shivakumar Executive Member 10
Officer
$0 $0 $0
Vaidish Sumaria Executive Member 10
Officer
$0 $0 $0
Naren Manjunath Executive Member 10
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,033,792 $2,951,943 $7,361,789 $81,849
2023 $2,853,946 $3,042,965 $7,361,918 $-189,019
2022 $2,247,627 $2,986,054 $7,367,199 $-738,427
2022 $2,309,735 $2,556,280 $7,508,078 $-246,545
2021 $9,013,378 $5,932,133 $8,412,436 $3,081,245
2021 $9,013,378 $5,932,133 $8,412,436 $3,081,245
2021 $9,013,378 $5,932,133 $8,381,085 $3,081,245
2020 $3,267,745 $2,522,599 $5,002,028 $745,146
2019 $1,878,713 $2,137,460 $4,466,534 $-258,747
2018 $2,027,178 $2,190,499 $4,827,539 $-163,321
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