Agape Foundation Inc
- Assets
- $272.9k
- Revenue
- $98.3k
- Investments
- $260.2k
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 20-3677167
Organization Overview
Agape Foundation Inc is located in Fairfield, CT. The organization was established in 2006. 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. Agape 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 12/2022, Agape Foundation Inc generated $98.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $128.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Agape Foundation Inc has awarded 130 individual grants totaling $1,176,140. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry A Thorne President/di | 0 | $0 | |
Steven D Thorne Secretary/tr | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,939 |
| Interest on Savings | $23 |
| Dividends & Interest | $5,077 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,263 |
| Capital Gain Net Income | $8,079 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,937 |
| Total operating and administrative expenses | $3,587 |
| Contributions, gifts, grants paid | $124,550 |
| Total expenses and disbursements | $128,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,066 |
| Savings and temporary cash investments | $6,617 |
| 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 | $272,865 |
| 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, Agape Foundation Inc has awarded $124,550 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGEPORT RESCUE MISSION PURPOSE: OUTREACH | $1,000 |
BLACK ROCK CHURCH PURPOSE: MINISTRY | $51,000 |
CHILDREN'S INSTITUTE PURPOSE: OUTREACH | $1,500 |
ELEVATE BRIDGEPORT PURPOSE: OUTREACH | $2,000 |
FAIRFIELD MUSEUM HISTORY CENTER PURPOSE: OUTREACH | $300 |
HANNAH LEE PURPOSE: SCHOLARSHIP | $5,000 |