Indian American Business Impact Group Foundation

EIN: 932110123 501(c)(3) Community Improvement

McLean, VA

Total Revenue
$1,495,378
Total Expenses
$216,326
Total Assets
$1,452,931
Net Assets
$1,440,205
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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
2023
Legal Domicile
VA
Phone
5713311355
Tax Period
2024-01-01 to 2024-12-31

Indian American Business Impact Group Foundation, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 86% operating margin.

Mission

The mission of Indian American Business Impact Group (IAMBIG) is to be a platform for Indian American and other ethnic business owners and to promote the next generation of local business leaders,Women entreprenuership and youth entreprenuership in the DC,Maryland and VA area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,392,941
Program Service Revenue $79,147
Investment Income $18,869
Other Revenue $4,421
TOTAL REVENUE $1,495,378

Expense Breakdown

Grants Paid $42,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $207,928
Other Expenses $173,826
TOTAL EXPENSES $216,326

Year-over-Year Comparison

2024 2023 Change
Revenue $1,495,378 N/A N/A
Expenses $216,326 N/A N/A
Net Income $1,279,052 N/A N/A
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
4
Independent Members
4
Employees
N/A
Volunteers
84

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anil Sharma Director 10.00
Director
$0 $0 $0
Ashish Khot Director 10.00
Director
$0 $0 $0
Ravi Puli Director 10.00
Director
$0 $0 $0
Sandesh Sharda Founder 8.00
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 $1,495,378 $216,326 $1,452,931 $1,279,052
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