Overview
What is American Telugu Association?
The American Telugu Association is a nonprofit organization situated in Naperville, Illinois. Its primary mission lies in providing cultural, social, disaster recovery, charitable, religious, and educational support to individuals of Telugu origin, both in North America and India. This support is extended through various charitable projects in India and scholarships, sponsorships, and donations within the Telugu community in North America. The association works diligently to foster a sense of unity and provide essential resources to those in need, thereby strengthening the Telugu community as a whole.
Official website here: www.americanteluguassociation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star rating.
The American Telugu Association has received a solid rating of 84%, indicating a commendable level of accountability and financial management. The organization benefits from a fully independent board and strong oversight mechanisms, as evidenced by perfect scores in several areas, including the audit and oversight committee and the absence of material diversions of assets. These strengths highlight the organization's commitment to transparency and good governance.
However, some areas for improvement are noted in the financial metrics. While the program expense ratio is impressive at 91.92%, indicating a high percentage of funds directed towards programs, the fundraising efficiency ratio is concerning at $0.00. This suggests that the organization may not be effectively managing its fundraising efforts, which could impact its long-term sustainability. Additionally, the working capital ratio of 0.21 years raises questions about liquidity and financial stability.
Overall, the American Telugu Association demonstrates strong governance practices and effective allocation of resources towards its mission, but it may need to address its fundraising strategies and financial liquidity to enhance its impact and sustainability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is American Telugu Association legitimate?
American Telugu Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Telugu Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.americanteluguassociation.org
What is the mission statement of American Telugu Association?
The American Telugu Association is dedicated to providing cultural, social, disaster recovery, charitable, religious, and educational support to individuals of Telugu origin in North America and India. Their mission is to offer aid in various forms, including charitable projects in India, donations, sponsorships, and scholarships within the Telugu community. The organization's activities are aimed at uplifting and supporting the Telugu community, fostering a sense of belonging and preserving their cultural heritage.
Official website here: www.americanteluguassociation.org
Who is the CEO of American Telugu Association?
Madhu Bomminen is the President of American Telugu Association.
Official website here: www.americanteluguassociation.org
What is the revenue of American Telugu Association?
American Telugu Association's revenue in 2022 was $4,623,805.
Official website here: www.americanteluguassociation.org
Who are the executives of American Telugu Association and what are their salaries?
There 46 volunteers at American Telugu Association.
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Official website here: www.americanteluguassociation.org
Where can I find the form 990 for American Telugu Association?
American Telugu Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanteluguassociation.org
Learn more at the official website: www.americanteluguassociation.org
Mission Statement of American Telugu Association
The American Telugu Association, a nonprofit organization, is dedicated to providing cultural, social, disaster recovery, charitable, religious, and educational support to individuals of Telugu origin residing in North America and India. Its mission is to extend a broad range of assistance to this community, fostering a sense of unity and preserving their cultural heritage. Through various charitable projects in India, the organization seeks to make a positive impact on the lives of those in need, while also offering donations, sponsorships, and scholarships within the Telugu community in North America. The American Telugu Association's initiatives aim to uplift and empower its members, fostering a sense of community and cultural pride.
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Impact
October, 2024
The American Telugu Association significantly impacts the Telugu community in North America and India by promoting cultural heritage and fostering social connections. It engages members through various cultural events that celebrate Telugu traditions, enhancing a sense of belonging and community among individuals of Telugu origin.
The organization also plays a vital role in disaster recovery efforts, providing support during crises that affect communities in need. This commitment extends to charitable initiatives in India, where various projects aim to uplift underserved populations. Through donations, sponsorships, and scholarships, the American Telugu Association invests directly in the education and welfare of individuals within the Telugu community, empowering them to thrive.
Overall, the American Telugu Association stands as a cornerstone for cultural preservation, social service, and educational advancement, making a profound difference in the lives of countless individuals and families.
This information is meant to be a general summary of American Telugu Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $17,134
- Program Service Revenue: $528,400
- Gross Receipts: $4,680,839
Assets and Liabilities:
- Total Assets: $752,798
- Total Liabilities: $334,000
- Net Assets: $418,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$528,400
Organization Details
Founding Year
1990
Phone
(630) 783-2250Principal Officer
Madhu Bomminen
Main Address
PO Box 4496, Naperville, IL, 60567
NTEE Category
Code: P99Z - Human services
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