Americares Foundation Inc
- Assets
- $331.1m
- Revenue
- $1.4b
- Investments
- $0.0
- Employees
- 257
- Location
- Stamford, CT
- Founding
- 11/1979
- Data as of
- 06/2022
- EIN
- 06-1008595
Organization Overview
Americares Foundation Inc is located in Stamford, CT. The organization was established in 1979. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Americares Foundation Inc employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Americares Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Americares Foundation Inc generated $1.4b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.4b during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Americares Foundation Inc has awarded 7,602 individual grants totaling $2,194,487,975. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMERICARES IS A HEALTH-FOCUSED RELIEF & DEVELOPMENT ORGANIZATION. (SEE SCHEDULE O).
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Squires President/ceo | OfficerTrustee | 40 | $476,587 |
M Rashad Massoud Mdmphfacp Senior Vp, Cpo | Officer | 40 | $328,512 |
Richard K Trowbridge Jr Cfo, Treasurer, Svp, Gik Operations | Officer | 40 | $283,143 |
Jed Selkowitz SVP & Chief Marketing Officer | Officer | 40 | $281,046 |
Kevin Gilrain Senior VP Human Resources | 0 | $269,184 | |
Jenny Goldstein SVP & Chief Development Officer | Officer | 40 | $256,266 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Harrington Agency Llc Fundraising Counsel | 6/29/22 | $2,745,839 |
Anne Lewis Strategies Llc Marketing & Advertising | 6/29/22 | $1,170,268 |
Rwt Production Llc Printing And Mailing | 6/29/22 | $1,533,879 |
Humanitarian Software Llc It Consultant | 6/29/22 | $590,813 |
Marketing For Change Co Consultant-research | 6/29/22 | $486,750 |
The Harrington Agency Llc Fundraising Counsel | 6/29/22 | $2,745,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $103,119 |
| Membership dues | $0 |
| Fundraising events | $1,938,333 |
| Related organizations | $0 |
| Government grants | $13,732,334 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,350,232,732 |
| Noncash contributions included in lines 1a–1f | $1,258,047,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,366,006,518 |
| Total Program Service Revenue | $1,311,925 |
| Investment income | $1,380,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,426 |
| Net Gain/Loss on Asset Sales | $2,400,097 |
| Net Income from Fundraising Events | -$149,797 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $75,392 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,371,372,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $166,250,528 |
| Grants and other assistance to domestic individuals. | $772,227,246 |
| Grants and other assistance to Foreign Orgs/Individuals | $346,734,023 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,695,244 |
| Compensation of current officers, directors, key employees. | $1,254,131 |
| Compensation to disqualified persons | $191,460 |
| Other salaries and wages | $25,195,213 |
| Pension plan accruals and contributions | $1,012,459 |
| Other employee benefits | $6,789,068 |
| Payroll taxes | $1,688,239 |
| Fees for services: Management | $2,368,290 |
| Fees for services: Legal | $281,442 |
| Fees for services: Accounting | $247,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,385,149 |
| Fees for services: Investment Management | $142,221 |
| Fees for services: Other | $3,139,783 |
| Advertising and promotion | $1,911,930 |
| Office expenses | $428,153 |
| Information technology | $2,416,867 |
| Royalties | $5,000 |
| Occupancy | $2,371,283 |
| Travel | $1,751,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200,386 |
| Interest | $422 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $571,774 |
| Insurance | $556,367 |
| All other expenses | $0 |
| Total functional expenses | $1,410,988,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,613 |
| Savings and temporary cash investments | $27,912,190 |
| Pledges and grants receivable | $12,858,421 |
| Accounts receivable, net | $3,351,316 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $226,827,974 |
| Prepaid expenses and deferred charges | $7,149,420 |
| Net Land, buildings, and equipment | $2,409,522 |
| Investments—publicly traded securities | $46,844,245 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,200,908 |
| Total assets | $331,108,609 |
| Accounts payable and accrued expenses | $14,526,654 |
| Grants payable | $1,007,326 |
| Deferred revenue | $26,847 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,798,492 |
| Total liabilities | $20,359,319 |
| Net assets without donor restrictions | $79,694,251 |
| Net assets with donor restrictions | $231,055,039 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $331,108,609 |
Grants Awarded
Over the last fiscal year, Americares Foundation Inc has awarded $329,470,624 in support to 1,216 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: ONGOING | $5,785,286 |
Dallas, TX PURPOSE: ONGOING | $5,785,286 |
Arlington, TX PURPOSE: ONGOING | $5,447,436 |
Arlington, TX PURPOSE: ONGOING | $5,447,436 |
Winston Salem, NC PURPOSE: ONGOING | $3,691,530 |
Winston Salem, NC PURPOSE: ONGOING | $3,691,530 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Americares Foundation Inc has recieved totaling $98,250.
| Awarding Organization | Amount |
|---|---|
August A Busch Iii Charitable Trust Chesterfield, MO PURPOSE: GENERAL | $50,000 |
Caneel Family Foundation Wilmington, DE PURPOSE: UKRAINE CRISIS FUND | $20,000 |
Robert E Dods Family Foundation Longboat Key, FL PURPOSE: GENERAL OPERATIONS | $15,000 |
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT, UKRAINIAN RELIEF | $7,000 |
Future Hope Foundation Wilmington, DE PURPOSE: UKRAINIAN REFUGEE FUND | $5,000 |
Max Fund Inc Mequon, WI PURPOSE: OPERATING EXPENSES | $1,250 |
Endowment Analysis
| Beg. Balance | $12,208,794 |
| Earnings | -$2,520,310 |
| Admin Expense | $36,241 |
| Net Contributions | $2,025,000 |
| Ending Balance | $11,677,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Israel Defense Forces New York, NY | $197,064,966 | $87,861,352 |
Central Fund Of Israel Cedarhurst, NY | $25,861,859 | $55,454,981 |
American Friends Of Yeshiva Dmir Inc Brooklyn, NY | $9,703,912 | $39,700,022 |
Acumen Fund Inc New York, NY | $151,257,086 | $30,454,797 |
Armenian General Benevolent Union New York, NY | $296,944,132 | $43,918,491 |
Root Capital Inc Cambridge, MA | $84,001,332 | $21,396,934 |
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |
United Board For Christian Higher Education In Asia New York, NY | $134,521,171 | $6,638,102 |