Civic Intelligence

Assam Foundation of North America Inc

EIN 61-0994468 • 501(c)3 • Canton, MI

Profile

Assam Foundation of North America encourages facilitates organizational and individual efforts to further mutual understanding and cooperation between Assam and North America. Assam is a state in the northeastern part of India. The foundation specifically seeks to: a.Assist institutions in promoting social, cultural, technical, medical and educational exchanges between Assam and North America. b. Encourage and recognize contributions toward the betterment of Assam and toward the promotion of goodwill and friendship between Assam and North America, c. Provide technical journals, textbooks and equipment to institutions of learning, health care institutes and other organizations serving Assam and North America, and acquire Assamese materials and materials on Assam for concerned persons in North America Channelize humanitarian efforts at the time of natural disasters in Assam and North America Serve any other cause deemed worthy of assistance and mutual cooperation.

48166 Inveraray RdCanton, MI 48188-4740

www.assamfoundation.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

65th percentile

7.7%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

-3.7%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$156,584

Up $11,247 (+7.7%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$156,584

No earlier filing loaded for comparison.

Revenue

Down

$60,396

Down $2,317 (-3.7%) from 2023

Expenses

Down

$49,149

Down $50,747 (-51%) from 2023

Net Income

Up

$11,247

Up $48,430 (+130%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2013: $30,121Liabilities 2013: $0Net Assets 2013: $30,1212013Assets 2014: $60,126Net Assets 2014: $60,1262014Assets 2015: $61,253Liabilities 2015: $0Net Assets 2015: $61,2532015Assets 2019: $76,377Liabilities 2019: $0Net Assets 2019: $76,3772019Assets 2020: $76,728Liabilities 2020: $0Net Assets 2020: $76,7282020Assets 2021: $148,356Liabilities 2021: $0Net Assets 2021: $148,3562021Assets 2023: $145,337Liabilities 2023: $02023Assets 2024: $156,584Net Assets 2024: $156,5842024

Highlighted filing

2024

Assets$156,584
Liabilities-
Net Assets$156,584

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2013: $74,078Expenses 2013: $77,939Net Income 2013: -$3,8612013Revenue 2014: $197,721Expenses 2014: $167,716Net Income 2014: $30,0052014Revenue 2015: $82,019Expenses 2015: $80,892Net Income 2015: $1,1272015Revenue 2019: $68,401Expenses 2019: $63,367Net Income 2019: $5,0342019Revenue 2020: $114,805Expenses 2020: $113,454Net Income 2020: $1,3512020Revenue 2021: $222,561Expenses 2021: $150,933Net Income 2021: $71,6282021Revenue 2023: $62,713Expenses 2023: $99,896Net Income 2023: -$37,1832023Revenue 2024: $60,396Expenses 2024: $49,149Net Income 2024: $11,2472024

Highlighted filing

2024

Revenue$60,396
Expenses$49,149
Net Income$11,247

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 30, 2022
Return Version
2021v4.0
Gross Receipts
$222,561
Mission and Program Overview

Mission

Assam Foundation of North America is a publicly supported non-profit organization with foundation status serving since 1982 under section 509a of the Internal Revenue Code with tax exemption under section 501c3 with Tax ID. #: 61-0994468. Assam Foundation of North America encourages and facilitates organizational and individual efforts to further mutual understanding and cooperation between Assam and North America. Assam is a state in the north-eastern part of India. The foundation specifically seeks to: Assist institutions in promoting social cultural technical medical and educational exchanges between Assam and North America Encourage and recognize contributions toward the betterment of Assam and toward the promotion of goodwill and friendship between Assam and North America -Provide technical journals text books and equipment to institutions of learning health care institutes and other organizations serving Assam and North America and acquire Assamese materials and ma

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,728$148,356▲ $71,628
Cap Stk Tr Prin Current Funds$76,728$148,356▲ $71,628
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$76,728$148,356▲ $71,628
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,728$148,356▲ $71,628
Total Liabilities and Net Assets / Fund Balance$76,728$148,356▲ $71,628
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarfaraz TaherPresident
Chandan MozumderVice President
Debabrata SarmaBoard Of Director
Lipika DekaBoard Of Director
Niren ChoudhuryBoard Of Director
Pallav SaikiaBoard Of Director
Pradip DasBoard Of Director
Ranju SarmaBoard Of Director
Rita KakatiBoard Of Director
Enakshi BaruahGen Secretary
Anamitra BhattacharyyaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$222,561
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$222,119
Change in Net Assets
$71,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$142,877
Other Expenses$8,056
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$142,877--$142,877
Advertising$4,208$0$0$4,208
Other Expenses$3,848$0$0$3,848
Total Functional Expenses$150,933$0$0$150,933
International Activity

International Summary

Offices
0
Employees
5
Spending
$120,817

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaProgram ServiceCovid Relief05$120,817
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 6

The organization has members. They hold no stocks in the organization. They are primarily volunteers donors and office bearers of the organization.

Part VI, Section A, Line 7A

| Class of the Person:, Nature of their rights:| Members, Voting to elect the members of the Executive Team and the Board of Directors.|

Part VI, Section A, Line 7B

| Class of the Person:, Decisions that require their approval:, Nature of their rights:| Board of Directors, Funding for projects., One vote per each director.|

Part VI, Section B, Line 11B

The Treasurer puts together the Form 990 and the President reviews it prior to it being submitted.

Part VI, Section C, Line 19

Yes. The documents are presented at the Annual General Meeting and the constitution is available on the Foundation's website.

Filing and Contact Details

Filer

Filer Name
Assam Foundation of North America Inc
EIN
61-0994468
In Care Of
% Sarfaraz R Taher
Address
48166 INVERARAY RD, CANTON, MI 48188-4740

Signing Officer

Name
Anamitra Bhattacharyya
Title
Treasurer
Signed
2022-06-30
Discuss with paid preparer
No

Organization Details

Formed
1982
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
20
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Datta Barua Orphan Welfare Fund, $6910, $6910, $0| PROJECT KIND or Kalyani Niwas is a shelter home for girl children in Guwahati Assam who need care and protection and do not have any family or guardians to go back to. The home provides education counseling medical treatment and rehabilitation to the deprived children such that they can lead a better life ahead. Currently there are 40 permanent children receiving formal education and care and around 10-15 temporary children in the age group of 6 to 18 years., $5718, $5718, $0| Assam Association of North America AANA is an association of people from Assam India living in North America who are immensely proud of their Assamese language and culture and want to pass on this rich heritage to their future generations. http: aanahome.org AFNA is supporting following AANA projects: AANA Project 1 - Translation & Digitization AANA Project 2 - Video & Animation AANA Project 3 - Assamese Teaching Material AANA Project 4 - Storytelling, $5560, $5560, $0| 1000 Aspirations Donor Advised Fund, $5000, $5000, $0| AFNA worked with our long-time partner RVC Rural Volunteer Center Dhemaji Dist Assam to procure and distribute 600 mosquito nets in the flood-prone areas in the easternmost part of Assam, $4822, $4822, $0| Atma Nirbhar Ek Challenge: provides gainful employment to over 35 disabled adults in food packaging in Guwahati., $3561, $3561, $0| Asom Sahitya Sabha North America, $3500, $3500, $0| Society for Health & Educational Development: Unique integrated school for orphans and disabled children in Sonapur to help both groups of students thrive by helping each other., $2012, $2012, $0| AKSHAR Foundation is an innovative school for school going children located in Pamohi Guwahati. Akshar imparts education and vocational training to school drop outs. The school has the unique concept of students learning from their peers under the guidance of mentors and students acquiring practical skills by working on projects in and around the school campus., $1178, $1178, $0|

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IRS990/Desc02021 COVID 19 Relief was the biggest ever relief campaign and fundraising in AFNA's history to contribute towards the fight against the COVID 19 pandemic in Assam as well as in the US. With the help of RVC SENEH and Akshar Foundation AFNA provided support and care in Assam. In the US AFNAs contributions were made through well-known relief organizations namely California Firefighters Foundation Oregon Volunteer Firefighters Foundation American Red Cross for Washington Fires and Feeding America Foodbanks.
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IRS990/MissionDesc0Assam Foundation of North America is a publicly supported non-profit organization with foundation status serving since 1982 under section 509a of the Internal Revenue Code with tax exemption under section 501c3 with Tax ID. #: 61-0994468. Assam Foundation of North America encourages and facilitates organizational and individual efforts to further mutual understanding and cooperation between Assam and North America. Assam is a state in the north-eastern part of India. The foundation specifically seeks to: Assist institutions in promoting social cultural technical medical and educational exchanges between Assam and North America Encourage and recognize contributions toward the betterment of Assam and toward the promotion of goodwill and friendship between Assam and North America -Provide technical journals text books and equipment to institutions of learning health care institutes and other organizations serving Assam and North America and acquire Assamese materials and ma
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IRS990/ProgSrvcAccomActy2Grp/Desc0AFNA awarded 40 new scholarships to the deserving candidates. This is an increase from the 30 we have awarded every year since its inception. Among the 40 students 22 of the awardees are pursuing STEM courses and the remaining are from non-STEM streams. The highlight was that 24 of these winners are girls. The number of recipients for this scholarship that are being supported for 2020-21 is at 75 currently.
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