BENGALI ASSOCIATION OF GREATER CHICAGO

EIN: 362898754 501(c)(3)

GLENDALE HEIGHTS, IL

Total Revenue
$1,119,195
Total Expenses
$497,384
Total Assets
$1,653,500
Net Assets
$1,653,782
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
IL
Principal Officer
DEBASIS CHATTERJEE
Tax Period
2023-01-01 to 2023-12-31

BENGALI ASSOCIATION OF GREATER CHICAGO, founded in 1976, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $622K, a strong 56% operating margin.

Mission

BENGALI ASSOCIATION OF GREATER CHICAGO IS AN ORGANIZATION OF THE PEOPLE OFASIAN INDIAN ORIGIN, LIVING IN THE UNITED STATES WITH A COMMON PURPOSE TOPROMOTE AND SUSTAIN RELIGIOUS, CHARITABLE, EDUCATIONAL AND LITERARYACTIVITIES ON BEHALF OF BENGALI COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $455,977

BAGC GENERAL RELIGIOUS FUNCTIONS (PUJA AND CULTURAL ACTIVITIES)

Program 2

BANG BHAWAN RELIGIOUS AND CULTURAL ACTIVITIES

Program 3

GENERAL RELIGIOUS FUNCTIONS (PUJA AND CULTURAL ACTIVITIES)

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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 $336,193
Program Service Revenue $749,738
Investment Income $0
Other Revenue $33,264
TOTAL REVENUE $1,119,195

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $455,977
Other Expenses $497,384
TOTAL EXPENSES $497,384

Year-over-Year Comparison

2023 2022 Change
Revenue $1,119,195 $610,786 +0.8%
Expenses $497,384 $395,853 +0.3%
Net Income $621,811 $214,933 +1.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MALA PALIT BANA BHAVAN CHAIRPERSON 0.00
Officer
$0 $0 $0
MALIKA SARKAR SECRETARY 0.00
Officer
$0 $0 $0
SRIRAM SITARAMAN NABC-PRESIDENT 0.00
Officer
$0 $0 $0
DEBASIS CHATTERJEE PRESIDENT 0.00
Officer
$0 $0 $0
AMITABH BISWAS VICE PRESIDENT 0.00
Officer
$0 $0 $0
SAUGATA MANDAL TREASURER 0.00
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 $1,119,195 $497,384 $1,653,500 $621,811
2022 $610,786 $395,853 $1,033,925 $214,933
2021 $381,772 $374,535 $818,992 $7,237
2020 $148,268 $162,093 $819,410 $-13,825
2019 $501,190 $457,495 $727,745 $43,695
2018 $311,565 $348,223 $681,549 $-36,658
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