Armed Forces Families Foundationinc
- Assets
- $901.6k
- Revenue
- $178.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-5802155
Organization Overview
Armed Forces Families Foundationinc is located in Clearwater, FL. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public 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. Armed Forces Families Foundationinc 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, Armed Forces Families Foundationinc generated $178.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $290.3k during the year ending 12/2021. While expenses have increased by 11.9% 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.
Since 2014, Armed Forces Families Foundationinc has awarded 58 individual grants totaling $2,991,815. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOCUS ON IMPROVING THE LIVES OF SERVICE MEMBERS AND THEIR FAMILIES BY FUNDING AND DEVELOPING INFRASTRUCTURE PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL PROJECTS - PROGRAM ESTABLISHED TO RAISE MONEY TO DEVELOP INFRASTRUCTURE PROJECTS ON MILITARY BASES, SUCH AS PLAYGROUNDS, COMPUTER LABS, AND HOSPITALS, THAT WILL BENEFIT OUR SERVICE MEN, WOMEN AND THEIR FAMILIES. SERVICES INCLUDED DONATION OF FITNESS STATIONS TO THE HILLSBOROUGH VETERANS MEMORIAL PARK, REMODELING OF ALL FLOORING AND ELECTRICAL UPDATES TO MAYPORT USO, FUNDING TOWARDS THE COMPLETION OF THE WOUNDED WARRIORS ABILITIES RANCH HEADQUARTERS, A NEW GAME ROOM AND CHILDREN'S PLAY ROOM AT NAVAL AIR STATION CORRY STATION IN PENSACOLA, A NEW LACTATION FACILITY AT THE ORLANDO VA HOSPITAL, AND RENOVATIONS TO THE LIBERTY MANOR COMMUNITY CENTER WHICH SERVES DISABLED AND HOMELESS VETERANS IN THE TAMPA BAY AREA, AND VARIOUS OTHER PROJECTS WHICH BENEFIT U.S. SERVICES MEMBERS AND FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Suh Vice President | OfficerTrustee | 1 | $0 |
Nicholas Peters President | OfficerTrustee | 2.5 | $0 |
John Wright Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,424 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $178,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,261 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,000 |
| Advertising and promotion | $325 |
| Office expenses | $334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $5,348 |
| Total functional expenses | $290,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,662 |
| 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 | $901,578 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,934 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $885,644 |
| Total liabilities and net assets/fund balances | $901,578 |
Grants Awarded
Over the last fiscal year, Armed Forces Families Foundationinc has awarded $255,261 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: FURNITURE & EQUIPMENT AT VARIOUS LOCATIONS IN THE U.S. | $124,925 |
Stonington, CT PURPOSE: LIGHTHOUSE CAPITAL PROJECT SUPPORT | $97,500 |
HILLSBOROUGH COUNTY BOARD OF COUNTY COMMISSIONERS PURPOSE: OUTDOOR AMPHITHEATER | $20,000 |
US DEPARTMENT OF VETERANS AFFAIRS PURPOSE: INTERNET CAFE EQUIPMENT & PEDESTRIAN BRIDGE | $12,836 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Armed Forces Families Foundationinc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Julie Weintraubs Hands Across The Bay Inc Clearwater, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |