Nonprofit · EIN 82-2920452
INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC
Tax-exempt · ORLANDO, FL 32828
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $208,941 | $196,706 | $12,235 | $88,977 | $0 | $88,977 |
| December 31, 2023 | 990-EZ | $194,015 | $170,223 | $23,792 | $96,642 | $19,900 | $76,742 |
| December 31, 2021 | 990-EZ | $93,525 | $90,048 | $3,477 | $57,990 | $19,900 | $38,090 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $208,941
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $150
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $189,752
- Management and general (functional)
- $6,954
Balance sheet and other
- Total assets, start of year
- $96,642
- Total assets, end of year
- $88,977
- Total liabilities, end of year
- $0
- Net assets, end of year
- $88,977
- Gross receipts
- $208,941
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2017
- State of legal domicile
- FL
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Prashant Patel | President Officer | 5 | $0 |
| Yogesh Bharucha | Vice President/Treasurer Officer | 5 | $0 |
| Mehul Parekh | Director Officer | 1 | $0 |
| Piyush Mehta | Secretary Officer | 2 | $0 |
| Yagnesh Patel | Director Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRASHANT PATEL | PRESIDENT | 0 | $0 |
| YOGESH BHARUCHA | VICE PRESIDENT/TREASURER | 0 | $0 |
| PIYUSH MEHTA | SECRETARY | 0 | $0 |
| MEHUL PAREKH | DIRECTOR | 0 | $0 |
| YAGNESH PATEL | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2021: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRASHANT PATEL | PRESIDENT | 0 | $0 |
| YOGESH BHARUCHA | VICE PRESIDENT/TREASURER | 0 | $0 |
| JAYESH PATEL | VICE PRESIDENT/DIRECTOR | 0 | $0 |
| CHANNI SODHI | DIRECTOR | 0 | $0 |
| PINKAL SHAH | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1969 S ALAFAYA TRAIL 101, ORLANDO, FL 32828-8732
- Mailing address (990-N for 2019)
- 1969 S Alafaya Trail 101, Orlando FL 32828
- Principal officer (990 for 2024)
- PRASHANT PATEL, 1969 S ALAFAYA TRAIL 101, ORLANDO, FL 32828
- Principal officer (990-N for 2019)
- Prashant Patel, 2553 Corbyton Ct, Orlando FL 32828
- Signed the 990
- PRASHANT PATEL, PRESIDENT
- Phone
- (321) 765-9006
- Website
- http://www.iabausa.com/
- Return prepared by
- CHOKSHI ACCOUNTING & TAX SERVICE INC
Mission
To provide opportunities to our members to build and grow their business by creating long lasting relationships via networking across the country
Program accomplishments
- Community festivals, professional networking, educational seminars, charity drives, and sporting tournaments.The organization's program service expenses relate to hosting numerous events. Major 2024 events included:India Fair 2024Sip & Socialize: Leap into Networking7th Annual Charity Golf Tournament7th Annual Tennis Tournament & Outdoor Social Networking2nd Annual Pickleball Tournament & Outdoor Social NetworkingAbsolutely Avalon 20243rd Annual Heart Health Session with Dr. Pradip JamnadasWomen Empowerment Conference 2024Theatre Watch Party: India vs Pakistan ICC T20 Cricket10th International Yoga Day Celebration9th Florida Volleyball Tournament 2024Grand Opening & Legal Rights / Immigration Mixer2nd Annual Florida's Talent Hunt & Business Expo 2024Orlando Magic Diwali Night & Pre-Game Reception6th Annual Holiday Gala & Awards 2024December Charity Drive for Underprivileged FamiliesAvalon Aglow 2024 (Community Parade & Festival)Expenses $189,752 · revenue $208,941
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2920452
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $88,977
- Income (IRS master file)
- $208,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $208,941 | $196,706 | $88,977 | IRS |
| 990-EZ | December 2023 | $194,015 | $170,223 | $96,642 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | $93,525 | $90,048 | $57,990 | XML |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Prashant Patel | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2019 | – | – | – | 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 82-2920452).
Questions about INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC
- What is the EIN of INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC?
- The employer identification number (EIN) of INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC is 82-2920452.
- Is INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2019.
- Are donations to INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDIAN AMERICAN BUSINESS ASSOCIATION OF USA 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 INDIAN AMERICAN BUSINESS ASSOCIATION OF USA 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 INDIAN AMERICAN BUSINESS ASSOCIATION OF USA 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 INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC?
- The 990 for the year ended December 31, 2024 names PRASHANT PATEL.
- Who are the officers and directors of INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does INDIAN AMERICAN BUSINESS ASSOCIATION OF USA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $208,941, expenses of $196,706 and total assets of $88,977 at year end.
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