2025-11-17T18:52:14-08:00 2024-12-31 461743744 Sridhar CPA A Professional Corporation 530 Oak Grove Ave Suite 201 Menlo Park CA 94025 990 2024-01-01 363060732 TELUGU ASSOCIATION OF NORTH AMERICA INCO TELU 7033715029 26233 TAFT RD NOVI MI 48374 Venkata Kasukurthi Treasurer 2025-11-17 true true SRIDHAR PANCHUMARTHI P01687137 6505210475 2024 2025-03-06 01:10:19Z Venkata Kasukurthi 26233 TAFT RD NOVI MI 48374 3056008 false X https://tana.org/ X 1978 Telugu Association of North America(TANA): TANAs mission is to identify and address social, cultural and educational needs of the North American Telugu Community in particular and Telugu people in general. TANA aims to perpetuate, integrate, and assimilate the cultural heritage of the Telugu-speaking people into the mainstream of North America.1. promoting culture and serving the community2. Provide education help for the Community3. Conduct cultural competitions for Telugu youngsters across North America and showcase their talents.4. TANA presents backpacks and other school supplies to children in low income school districts in various cities across North America.5. conduct health camps and take part in disaster relief activities across the world.6. TANA Emergency Assistance Management Team (TEAM Square) are well known for their tireless efforts in assisting distressed North American Telugus in times of catastrophe. 14 14 0 1500 0 3058887 1523515 4713945 885559 107598 146934 500000 7880430 3056008 2386506 2300165 0 0 0 0 5418808 4117067 7805314 6417232 75116 -3361224 9083442 6338720 0 9083442 6338720 TANA FOUNDATION - THE OBJECTIVE OF FOUNDATION ARE TO HELP TELUGU SPEAKING PEOPLE:1. BY PROVIDING RELIEF AND HELP IN CASE OF NATURAL CALAMITIES. 2. BY PROMOTINGDEVELOPMENTAL PROJECTS TO IMPROVE EDUCATION, HEALTH AND QUALITY OF LIFESUCH ASSISTANCE INCLUDES FUNDING ORPHANAGES, EDUCATIONAL SCHOLARSHIPS, EYE CLINICSAND SURGERIES, FLOOD RELIEF, BUILDING OF SCHOOLS. false false 2490286 TELUGU (TANA) FOUNDATION - THE OBJECTIVE OF THE FOUNDATION ARE TO HELP TELUGU SPEAKING PEOPLE:1.BY PROVIDING RELIEF AND HELP IN CASE OF NATURAL CALAMITIES.2. BY PROMOTING DEVELOPMENTAL PROJECTS TO IMPROVE EDUCATION, HEALTH AND QUALITY OF LIFE.3. BY ARRANGING FINANCIAL ASSISTANCE TO YOUNG ADULTS AND YOUTH PARTICULARLY LIVING IN NORTH AMERICA. SUPPORT FOR LOCAL AND REGIONAL CULTURAL AND LANGUAGE PROGRAMS AND CONCERTS IN NORTH AMERICA. SPECIAL EVENTS - WOMENS DAY, CONCERTS AND OTHER EVENTS. SEE SCHEDULE O 2490286 true true false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 14 14 false false false false true true false true true false false true true true true true true true false false Venkata Kasukurthi 7033715029 26233 TAFT RD NOVI MI 48374 X Naren Kodali President 5.00 0.00 X X 0 0 0 Srinivas Lavu Executive Vice 5.00 0.00 X X 0 0 0 Sunil Pantra Secretary 5.00 0.00 X X 0 0 0 Venkata Kasukurthi Treasurer 5.00 0.00 X X 0 0 0 Bharath Maddineni Director 2.00 0.00 X X 0 0 0 Hema C Kanuru Director 2.00 0.00 X X 0 0 0 Janardhan Nimmalapudi Director 2.00 0.00 X X 0 0 0 Ravi Potluri Director 2.00 0.00 X X 0 0 0 Nagendra Srinivas Kodali Director 2.00 0.00 X X 0 0 0 Malli Vemana Director 2.00 0.00 X X 0 0 0 Anil C Uppalapati Director 2.00 0.00 X X 0 0 0 Venkat Koganti Director 2.00 0.00 X X 0 0 0 Niranjan Srungavarapu Past President 2.00 0.00 X X 0 0 0 Jogeswara Rao Peddiboyina Conf Treasurer 2.00 0.00 X 0 0 0 0 false false false 0 105005 1418510 1523515 Conference Revenue 900099 681065 681065 PROGRAM REVENUE 900099 204494 204494 885559 146934 146934 0 0 0 0 0 0 0 Recovered Theft Loss 900099 500000 500000 500000 3056008 1532493 X 179969 179969 0 2120196 2120196 0 0 0 0 0 0 0 0 142686 142686 0 0 0 0 0 0 131606 131606 2370 2370 0 0 0 0 0 0 0 0 0 Loss Due to Theft 3646150 3646150 Program Expenses 190121 190121 Bank service Fee 4134 4134 0 6417232 2490286 3926946 0 5391619 2187662 3691823 4151058 0 0 0 0 0 0 0 0 0 0 0 0 0 9083442 6338720 0 0 X 1331461 1498339 7751981 4840381 9083442 6338720 9083442 6338720 -3361224 616502 X false false false X 2518300 3815419 3246331 3058887 1728010 14366947 136330 365742 2197234 4713945 681065 8094316 0 0 0 2654630 4181161 5443565 7772832 2409075 22461263 0 0 22461263 16881 64478 107598 146933 335890 0 16881 64478 107598 146933 335890 0 0 2671511 4245639 5443565 7880430 2556008 22797153 0.98530 0.99070 0.01470 0.00930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PART V, F 990, PG 2 1 false false false false false false Srikanth Polavarapu Foundation Treasurer Unauthorized Wire Transfers false Schedule L, Part V Supplemental Information Multiple unauthorized wire transfers totaling $3,646,150.00. We reexecuted from the TANA Foundation Merrill Lynch account to a private entity, Bruhat Technologies Inc., by Mr.Srikanth Polavarapu, who served as Foundation Treasurer during 20222023. The diversion was discovered on October 24, 2024 and emergency Board meeting was convened on November 23, 2024, resulting in a unanimous resolution to initiate recovery and legal actions. Form 990, Part VI, Section B, Line 11b THE GOVERNING BODY REVIEWS RETURN Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST TO THE PUBLIC Schedule L, Part I Excess Benefit Transaction Narrative During the tax year, the organization identified an unauthorized diversion of funds totaling $3,646,150 by the Foundation Treasurer, a disqualified person under IRC Section 4958. Of this amount, $500,000 was recovered before 12/31/2024. The diversion involved transfers to a privately held company controlled by the Foundation Treasurer without board approval.Upon discovery of the diversion on October 24, 2024, the organization called for an emergency Board meeting on November 23, 2024, and took immediate corrective actions, including removal of the Treasurer from financial responsibilities, initiation of recovery efforts, consultation with legal counsel, and implementation of enhanced financial controls. These reforms include dual-signature requirements, mandatory board approval for related-party transactions, and independent oversight of financial operations.The organization has disclosed this transaction in Schedule L, Part I and remains committed to transparency, compliance with IRS regulations, and protection of charitable assets.