Asi-A Shared Initiative Incorporated

Organization Overview

Asi-A Shared Initiative Incorporated is located in Metairie, LA. The organization was established in 2006. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asi-A Shared Initiative Incorporated 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 12/2023, Asi-A Shared Initiative Incorporated generated $160.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $154.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION EXPANDS ACCESS TO FINANCIAL EDUCATION AND VITAL COMMUNITY SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ONPATH FOUNDATION PROVIDED HOUSING COUNSELING AND FINANCIAL EDUCATION.IN 2023, HIGH SCHOOL FINANCIAL LITERACY EXPANDED INTO AREA SCHOOLS AS PART OF LEGISLATIVE REQUIREMENTS FOR GRADUATION (STUDENT/MIMIC FINANCE).


COMMUNITY SPONSORSHIPS AND PARTNERSHIPS TO INCREASE FOUNDATION AWARENESS AND IMPACT IN UNDERSERVED AREAS. ONPATH ALSO PROVIDED SCHOLARSHIPS TO HIGH SCHOOL SENIORS TOTALING $12,500 AND MONETARY SUPPORT FOR OTHER NONPROFITS AND SPONSORSHIP OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Candace Washington
Chair
$0
Martha Castillo
Vice Chair
$0
Karen Boudreaux
Treasurer
$0
Dora Short
Secretary
$0
Alice Franz Glenn
Director
$0
Carmen Sunda
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,500
All other contributions, gifts, grants, and similar amounts not included above$85,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$88,000
Total Program Service Revenue$7,825
Investment income $64,131
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $160,132

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