The Asomugha Foundation
- Assets
- $58.6k
- Revenue
- $58.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-3196099
Organization Overview
The Asomugha Foundation is located in Torrance, CA. The organization was established in 2006. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asomugha 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 12/2021, Asomugha Foundation generated $58.2k 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 (15.7%) each year. All expenses for the organization totaled $45.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO ABANDONED CHILDREN, ORPHANS, BATTERED WOMEN, WIDOWS AND SIMILAR PERSON IN NEED OF ASSISTANCE.
OTHER US CHARITIES WIDOWS - HOMELESS - POOR AND NEEDY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nnamdi Asomugha Director | 0 | $0 | |
Dr Lilian I Asomugha President & CEO | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,236 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $8,670 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $547 |
| Total operating and administrative expenses | $21,500 |
| Contributions, gifts, grants paid | $23,759 |
| Total expenses and disbursements | $45,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,499 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $12,250 |
| 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 | $9,887 |
| Other assets | $0 |
| Total assets | $58,636 |
| 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, The Asomugha Foundation has awarded $23,759 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OWIN ASSOCIATION NIGERIA - OWINA PURPOSE: TO HELP WIDOWS IN NEED | $19,559 |
LOS ANGELES WIDOWS OUTREACH PURPOSE: TO HELP THE HOMELESS IN LOS ANGLES | $3,000 |
GOLD CREST FAMILY CENTER PURPOSE: TO HELP WIDOWS IN NEED | $1,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Asomugha Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Alfred E Mann Family Foundation Los Angeles, CA PURPOSE: SUPPORT OF CHARITABLE PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Far Reaching Ministries Murrieta, CA | $21,362,367 | $12,281,756 |
Good Neighbors Usa Tustin, CA | $3,226,157 | $7,785,780 |
Ywam Ships Orange County Kailua Kona, HI | $1,414,962 | $7,142,839 |
Guara Bi Inc Las Vegas, NV | $2,785,131 | $6,283,964 |
Operation Usa Los Angeles, CA | $6,771,517 | $5,746,005 |
Onesky Berkeley, CA | $3,976,088 | $6,959,503 |
Aam Foundation Novato, CA | $35,749,865 | $24,208,517 |
Little Market Inc Santa Ana, CA | $1,421,831 | $4,304,249 |
Double Up Drive Inc Las Vegas, NV | $3,887,049 | $4,005,718 |
Youth Development Labs Inc Berkeley, CA | $425,152 | $3,582,158 |
International Christian Adoptions Temecula, CA | $3,308,589 | $4,487,608 |
Hope 4 Kids International Phoenix, AZ | $1,831,552 | $4,256,777 |