Civic Intelligence

South Indian Fine Arts Academy - Sifaa

EIN 82-2178569 • 501(c)3 • Cary, NC

Pub. 78 Eligible990-N CoverageNTEE A20

Profile

SIFAA is dedicated to preserving and promoting the rich heritage of South Indian classical arts while fostering cultural enrichment and community engagement. Our mission is to provide premier platforms for renowned South Indian performing artists to showcase their excellence while also supporting and nurturing aspiring community artists in North Carolina. Through high quality concerts from professional musicians collaboration and performance opportunities for community artists we aim to celebrate tradition inspire creativity and build a rich artistic community. While our goal has always been to strive to bridge and create cultural awareness through Carnatic music SIFAA has also been keen to support and strengthen our younger generation and their love for this genre of music. The RTP area has been blessed to have a lot of practitioners and teachers who call this area home. SIFAA has conducted yearly music competitions with judges invited from India and across the US to provide ad

1040 Kennicott AveCary, NC 27513

www.sifaa.org

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

47th percentile

3.9%

Higher net margin than 47% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE A20 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$25,317

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$25,317

No earlier filing loaded for comparison.

Revenue

$99,917

No earlier filing loaded for comparison.

Expenses

$96,032

No earlier filing loaded for comparison.

Net Income

$3,885

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2024: $25,317Net Assets 2024: $25,3172024

Highlighted filing

2024

Assets$25,317
Liabilities-
Net Assets$25,317

Operations Trend

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

$100K$50K$0Revenue 2024: $99,917Expenses 2024: $96,032Net Income 2024: $3,8852024

Highlighted filing

2024

Revenue$99,917
Expenses$96,032
Net Income$3,885

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.3$25.3$99.9$96.0$3.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$99,917
Mission and Program Overview

Mission

SIFAA is dedicated to preserving and promoting the rich heritage of South Indian classical arts while fostering cultural enrichment and community engagement. Our mission is to provide premier platforms for renowned South Indian performing artists to showcase their excellence while also supporting and nurturing aspiring community artists in North Carolina. Through high quality concerts from professional musicians collaboration and performance opportunities for community artists we aim to celebrate tradition inspire creativity and build a rich artistic community. While our goal has always been to strive to bridge and create cultural awareness through Carnatic music SIFAA has also been keen to support and strengthen our younger generation and their love for this genre of music. The RTP area has been blessed to have a lot of practitioners and teachers who call this area home. SIFAA has conducted yearly music competitions with judges invited from India and across the US to provide ad

Program Services

DescriptionGrantsExpenses
Fall concert series - This series of concerts from visiting artists performing Vocal and Instrumental concerts from Sept 2024 to Dec 2024$0$25,005
Spring concert series - This series of concerts from visiting artists performing Vocal and Instrumental concerts from March 2024 to June 2024$0$24,000
SIFAA provides the platform for the community in Indian classical traditional folk dance music and art forms. We provide avenues and platforms for the artists in the community to perform learn and spread the knowledge. The goal is to facilitate learning in an engaging manner hands on learning of visual art. This continuous learning serves our goal to help the art thrive and increase the quality of performances .We plan on bringing these new aspects to showcase this year compared to last year. Triangle area has seen an explosion of people moving in from other parts of the country where a subset of people are interested in the Indian art forms.2023 Participation:- Fall Festival artists 112 Livestream Viewing 2800 On-premise foot traffic 1000+,Participants demographics 90% Adults 10% Kids Mostly Americans of Indian Origin2024 Participation goals:-Fall Festival artists 97,Livestream Viewing 3000+,On-premise foot traffic 1500+,Participants demographics 90% Adults 10% KidsMostly Americans of Indian Origin$0$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chitra RamanarayananCommunications Director & SecretaryPT$0--
Rajaraman JayakrishnanTreasurerPT$0--
Lakshmi ChellamaniBoard Of Director Culture & ArtsPT$0--
Ramana JayantyBoard Of Director - EventsPT$0--
Madhu RangappagowdaOperations - Board Of DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
South Indian Fine Arts Academy - Sifaa
EIN
82-2178569
In Care Of
% Madhu Rangappagowda
Address
1040 Kennicott Ave, Cary, NC 27513

Signing Officer

Name
Madhu Rangappagowda
Title
President
Signed
2025-05-13
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 8

| Other Revenues:, Amount:| Board contribution, $1200| Workshop, $5310| Admission and Ticket Sales, $16711|

Part I, line 10

| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Mentally challenged Institution fundraising by SIFAA Youth, Anuraag Foundation, "155 Presidents Walk Ln Cary NC 27519", $1900.00, None|

Part I, line 16

| Other Expenses:, Amount:| Program expenses, $4800.00| Facility Insurance, $285.00| Office rental, $1400.00| Marketing, $663.00| Equipement, $3000.00| Bank charges, $1582.00| Food Expenses, $2449.00|

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2SIFAA provides the platform for the community in Indian classical traditional folk dance music and art forms. We provide avenues and platforms for the artists in the community to perform learn and spread the knowledge. The goal is to facilitate learning in an engaging manner hands on learning of visual art. This continuous learning serves our goal to help the art thrive and increase the quality of performances .We plan on bringing these new aspects to showcase this year compared to last year. Triangle area has seen an explosion of people moving in from other parts of the country where a subset of people are interested in the Indian art forms.2023 Participation:- Fall Festival artists 112 Livestream Viewing 2800 On-premise foot traffic 1000+,Participants demographics 90% Adults 10% Kids Mostly Americans of Indian Origin2024 Participation goals:-Fall Festival artists 97,Livestream Viewing 3000+,On-premise foot traffic 1500+,Participants demographics 90% Adults 10% KidsMostly Americans of Indian Origin
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Other Expenses:, Amount:| Program expenses, $4800.00| Facility Insurance, $285.00| Office rental, $1400.00| Marketing, $663.00| Equipement, $3000.00| Bank charges, $1582.00| Food Expenses, $2449.00|
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