Ami Foundation Inc
- Assets
- $310.7k
- Revenue
- $165.8k
- Investments
- $0.0
- Employees
- 0
- Location
- West Atlantic City, NJ
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 11-3676863
Organization Overview
Ami Foundation Inc is located in West Atlantic City, NJ. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ami 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 12/2021, Ami Foundation Inc generated $165.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $200.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ami Foundation Inc has awarded 29 individual grants totaling $554,645. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUND RAISING EVENTS TO BENEFIT OTHER CHARITABLE ORGANIZATIONS THAT SUPPORT THE HEALTH AND WELL-BEING OF COMMUNITY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING EVENTS FOR THE BENEFIT OF OTHER CHARITABLE ORGANIZATIONS INVOLVED IN THE DIAGNOSIS AND TREATMENT OF CANCER.
OPERATION OF A MOBILE MAMMO VAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sergey Leshchinskiy Treasurer | OfficerTrustee | 0.5 | $0 |
David Levi Vice President | OfficerTrustee | 0.5 | $0 |
Chandni Bhimani Secretary | OfficerTrustee | 0.5 | $0 |
Margaret C Avagliano MD President | OfficerTrustee | 0.5 | $0 |
Myra Finn Wedmid Trustee | Trustee | 0.5 | $0 |
Michael Jenoriki Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,357 |
| Total Program Service Revenue | $48,000 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,022 |
| Net Income from Gaming Activities | $2,455 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,908 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $1,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,343 |
| Insurance | $0 |
| All other expenses | $30,909 |
| Total functional expenses | $199,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,498 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $206,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,744 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $121,713 |
| Other liabilities | $0 |
| Total liabilities | $121,713 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $189,031 |
| Total liabilities and net assets/fund balances | $310,744 |
Grants Awarded
Over the last fiscal year, Ami Foundation Inc has awarded $66,493 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Kennesaw, GA PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $26,493 |
Dallas, TX PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $25,000 |
ATLANTICARE FOUNDATION PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ami Foundation Inc has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
American Water Charitable Foundation Inc Camden, NJ PURPOSE: GENERAL PURPOSE | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |