NonprofitsIndian American Business Impact Group Foundation

Community Improvement & Capacity Building

Indian American Business Impact Group Foundation

MCLEAN, VA

Total revenue

$1.5M

Total expenses

$216K

Net assets

$1.4M

Grants received

$219K

8 grants

EIN

932110123

Tax year

2024

Mission

The mission of Indian American Business Impact Group (IAMBIG) is to be a platform for Indian American and other ethnic business owners and to promote the next generation of local business leaders,Women entreprenuership and youth entreprenuership in the DC,Maryland and VA area.

Programs

3 programs

For Hudson Institute to promote entrepreneurship and empower women leadership in business.

Expenses: $25KGrants: $25K

For Hood College to promote entrepreneurship and empower women leadership in business.

Expenses: $15KGrants: $15K

For National Kidney Foundation to promote entrepreneurship and empower women leadership in non profits.

Expenses: $3KGrants: $3K

Financials

FY 2024

Revenue

Contributions & grants$1.4M
Program service revenue$79K
Investment income$19K
Other revenue$4K
Total revenue$1.5M

Expenses

Grants paid$43K
Salaries & benefits
Fundraising
Other expenses$174K
Total expenses$216K
Total assets$1.5M
Net assets$1.4M

People

4 listed

NameRoleCompensation

Anil Sharma

Director

Board

10 hrs/wk

Ashish Khot

Director

Board

10 hrs/wk

Ravi Puli

Director

Board

10 hrs/wk

Sandesh Sharda

Founder

Board

8 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$33K
UNRESTRICTED GENERAL SUPPORT
2024
$25K
GENERAL OPERATING SUPPORT
2024
$21K
General & Unrestricted
2024
$8K
GENERAL SUPPORT
2024
$70K
General & Unrestricted
2023
$33K
For grant recipient's exempt purposes
2023
$23K
PUBLIC, SOCIETAL BENEFIT
2023
$8K
ENVIRONMENT, ANIMALS
2023

Funded by

$219K from 7 funders · 8 grants · 2023–2024

The Sharda Family Foundation

$91K · 2 grants · 2023–2024

American Endowment Foundation

$25K · 1 grant · 2024

United Way Miami Inc

$8K · 1 grant · 2024

National Philanthropic Trust

$8K · 1 grant · 2023

Details

EIN932110123
NTEE codeS43
Subsection03
Ruling date2023-11
Formed2023
Employees0
Volunteers84
INDIAN AMERICAN BUSINESS IMPACT GROUP FOUNDATION — Mission, Financials & Grants Received | Grantivo