Aaaa Foundation Inc
- Assets
- $2.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 13-3949950
Organization Overview
Aaaa Foundation Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aaaa 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, Aaaa Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 25.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS, AND OTHER EDUCATIONAL PROGRAMS TO MULTICULTURAL STUDENTS PURSUING A CAREER IN ADVERTISING. ADDITIONALLY, THE FOUNDATION PROVIDES FUNDING TO ORGANIZATIONS THAT ENGAGE ALL LEVELS OF MULTICULTURAL TALENT THAT MAY NOT OTHERWISE CONSIDER ADVERTISING AS A CAREER OPTION, IN ORDER TO DEVELOP NEW SOURCES FROM WHICH TO RECURIT AND NEW METHODS TO DEVELOP TALENT FOR THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AAAA FOUNDATION, INC., PROVIDES SCHOLARSHIPS, GRANTS, AND OTHER PROGRAMS FOR THE DEVELOPMENT OF FUTURE MULTICULTURAL ADVERTISING PROFESSIONALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reema Elghossain 4a's Vp, Fdtn | 40 | $145,331 | |
Marla Kaplowitz President | OfficerTrustee | 5 | $0 |
Simon Fenwick Evp 4as Inc. | Officer | 20 | $0 |
James O'donnell Evp Fin & Treas | Officer | 5 | $0 |
Ruston Spurlock Co Chairperson | Trustee | 1 | $0 |
Ronald Lewis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,363,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,444,976 |
| Total Program Service Revenue | $1,205,406 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $718,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,368,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $73,196 |
| 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 | $730,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,662 |
| Payroll taxes | $66,736 |
| Fees for services: Management | $409,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,024 |
| Advertising and promotion | $0 |
| Office expenses | $1,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,130 |
| Total functional expenses | $1,638,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,022,100 |
| Savings and temporary cash investments | $92,512 |
| Pledges and grants receivable | $485,656 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,600,268 |
| Accounts payable and accrued expenses | $92,332 |
| 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 | $0 |
| Other liabilities | $422,713 |
| Total liabilities | $515,045 |
| Net assets without donor restrictions | $742,330 |
| Net assets with donor restrictions | $1,342,893 |
| 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 | $2,600,268 |
Grants Awarded
Over the last fiscal year, Aaaa Foundation Inc has awarded $52,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Syracuse, NY PURPOSE: SCHOLARSHIP | $10,000 |
Jamaica, NY PURPOSE: SCHOLARSHIP | $10,000 |
SANTA FE COLLEGE PURPOSE: SCHOLARSHIP | $10,000 |
TEMPLE UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |
BARUCH COLLEGE PURPOSE: SCHOLARSHIPS | $7,500 |
UNIVERSITY OF ALBANY PURPOSE: SCHOLARSHIPS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Aaaa Foundation Inc has recieved totaling $1,160,014.
| Awarding Organization | Amount |
|---|---|
Plusoneplusoneplusone San Francisco, CA PURPOSE: Black Creatives | $1,150,000 |
Allstate Foundation Northbrook, IL PURPOSE: 2021 ERG COMMUNITY GRANT - AFRICAN AMERICAN WORKIN | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |