Nepalese Association of Connecticut Company
Nonprofit profile at a glance
- EIN
- 270538837
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024, Form 990-N 2009
- Location
- West Hartford, CT, USA
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $60,605
- Expenses
- $46,616
- Assets
- $336,868
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Santosh Lamsal (President)
- Gopal Adhikari (Vice President)
People named in this filing
- Santosh Lamsal (President)
- Gopal Adhikari (Vice President)
- Subash Budathoki (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization has been able to provide cultural classes to the children of the local community to preserve the language of the Nepalese diaspora. The organization has been able to preserve the Nepalese culture by demonstrating various cultural activities.
Operating model
- Revenue model
- Earned-program. 67% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 72
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.4%; rating input score 60
- Program expense ratio: 78.5%; rating input score 78
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 23.1%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 7.23; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 55.7% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 19.8% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 60.4% of revenue deployed · 78.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $37K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Officer compensation ratio scored 56/100.