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Nonprofit · EIN 22-2916788

INDO-AMERICAN PHARMACEUTICAL SOCIETY INC

Tax-exempt · PARAMUS, NJ 07653

Financials

$142K$98K2023$78K$105K2024
Revenue Expenses · by fiscal year end
Financials of INDO-AMERICAN PHARMACEUTICAL SOCIETY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$78,117$104,623-$26,506$743,965$1,212$742,753
December 31, 2023990$141,513$97,577$43,936$773,391$631$772,760
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,800
Membership dues
$3,800
Program service revenue
$9,500
Investment income
$13,102
Net income from fundraising events
$51,715
Other revenue
$51,715

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$2,022
Program services (functional)
$56,490
Management and general (functional)
$44,805

Balance sheet and other

Total assets, start of year
$773,391
Total assets, end of year
$743,965
Total liabilities, end of year
$1,212
Net assets, end of year
$742,753
Net assets without donor restrictions
$742,753
Gross receipts
$210,017
Employees
0
Volunteers
0
Year formed
1986
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RAJESH SHAHPresident
Officer
4$0
RAJENDRA PATELVICE PRESIDENT
Officer
2$0
SANJAY TRIVEDI2ND VICE PRESIDENT
Officer
2$0
KIRAN DALALVICE PRESIDENT
Officer
2$0
PRADIP ACHARYACHAIRMAN
Officer
2$0
SUDHIR PATELSECRETARY
Officer, Highest-paid employee
2$0
MAYUR PANDYATREASURER
Officer
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
RAJESH SHAHPresident
Officer
4$0
RAJENDRA PATELVICE PRESIDENT
Officer
2$0
SANJAY TRIVEDI2ND VICE PRESIDENT
Officer
2$0
KIRAN DALALVICE PRESIDENT
Officer
2$0
PRADIP ACHARYACHAIRMAN
Officer
2$0
SUDHIR PATELSECRETARY
Officer, Highest-paid employee
2$0
MAYUR PANDYATREASURER
Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 9035, PARAMUS, NJ 07653-9035
In care of
% DIPAK RAO
Principal officer (990 for 2024)
RAJESH SHAH, 1 JEAN ROAD, SOMERSET, NJ 08873
Signed the 990
Rajesh Shah, PRESIDENT
Phone
(732) 318-9628
Return prepared by
DHARMESH N PARIKH CPA

Mission

To keep its members informed of developments affecting pharmacies and arranges seminars and meetings for its members.

990 for the year ended December 31, 2024

Program accomplishments

  • VARIOUS SEMINARS/CONFERENCES/CONVENTION FOR THE BENEFIT OF THE ORGANISATION.
    Expenses $52,790
  • PROVIDED SCHOLARSHIPS TO PHARMACY STUDENTS
    Expenses $3,700

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2916788
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E66C)
Assets (IRS master file)
$743,965
Income (IRS master file)
$210,017

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$78,117$104,623$743,965XML
990December 2023$141,513$97,577$773,391XML
990December 2022$68,778$78,517$729,440IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2916788).

Questions about INDO-AMERICAN PHARMACEUTICAL SOCIETY INC

What is the EIN of INDO-AMERICAN PHARMACEUTICAL SOCIETY INC?
The employer identification number (EIN) of INDO-AMERICAN PHARMACEUTICAL SOCIETY INC is 22-2916788.
Is INDO-AMERICAN PHARMACEUTICAL SOCIETY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
Are donations to INDO-AMERICAN PHARMACEUTICAL SOCIETY INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INDO-AMERICAN PHARMACEUTICAL SOCIETY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INDO-AMERICAN PHARMACEUTICAL SOCIETY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INDO-AMERICAN PHARMACEUTICAL SOCIETY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INDO-AMERICAN PHARMACEUTICAL SOCIETY INC?
The 990 for the year ended December 31, 2024 names RAJESH SHAH.
Who are the officers and directors of INDO-AMERICAN PHARMACEUTICAL SOCIETY INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does INDO-AMERICAN PHARMACEUTICAL SOCIETY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $78,117, expenses of $104,623 and total assets of $743,965 at year end.

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