Apas Foundation
- Assets
- $229.7k
- Revenue
- $71.9k
- Investments
- $87.9k
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 13-3981269
Organization Overview
Apas Foundation is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Apas Foundation 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 12/2022, Apas Foundation generated $71.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $18.3k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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 2014, Apas Foundation has awarded 264 individual grants totaling $167,287. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH CONTRIBUTIONS ARE MADE TO SELECTED RELIGIOUS,EDUCATIONAL, MEDICAL AND ENVIRONMENTAL ORGANIZATIONS. NOOTHER ACTIVITIES ARE UNDERTAKEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Steffan Secretary | 1 | $0 | |
Andrew Steffan President | 1 | $0 | |
Patricia Steffan Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,650 |
| Interest on Savings | $175 |
| Dividends & Interest | $3,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,123 |
| Capital Gain Net Income | $18,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $2,820 |
| Contributions, gifts, grants paid | $15,475 |
| Total expenses and disbursements | $18,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,888 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $229,748 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Apas Foundation has awarded $15,475 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EMMANUEL COLLEGE PURPOSE: GENERAL USE | $1,500 |
EMMANUEL COLLEGE PURPOSE: GENERAL USE | $1,000 |
BRIDGEHAMPTON CIVIC ASSN PURPOSE: GENERAL USE | $75 |
FATHER BILLS & MAINSPRING PURPOSE: GENERAL USE | $2,500 |
FATHER BILLS & MAINSPRING PURPOSE: GENERAL USE | $2,500 |
GARDEN CLUB OF EAST HAMPTON PURPOSE: GENERAL USE | $150 |