Foundation For The Advancement Ofresearch In Financial Economics
- Assets
- $730.5k
- Revenue
- $465.3k
- Investments
- $259.8k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-5892956
Organization Overview
Foundation For The Advancement Ofresearch In Financial Economics is located in Pittsburgh, PA. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Advancement Ofresearch In Financial Economics 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, Foundation For The Advancement Ofresearch In Financial Economics generated $465.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.4% each year . All expenses for the organization totaled $11.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chester Spatt Treasurer | 1 | $0 | |
Adriano Rampini President | 1 | $0 | |
Isil Erel Director | 0.25 | $0 | |
Stavros Panageas Secretary | 1 | $0 | |
Leonid Kogan Director | 0.25 | $0 | |
Joao Gomes Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $338,969 |
| Interest on Savings | $8 |
| Dividends & Interest | $5,414 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,931 |
| Capital Gain Net Income | $120,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $465,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $551 |
| Total operating and administrative expenses | $11,687 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $11,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $368,618 |
| 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 | $102,141 |
| Total assets | $730,510 |
| 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 | $163 |
| Total liabilities | $163 |
Grants Awarded
Over the last fiscal year, Foundation For The Advancement Ofresearch In Financial Economics has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RAVI BANSAL PURPOSE: AWARD | $50,000 |
AMIR YARON PURPOSE: AWARD | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For The Advancement Ofresearch In Financial Economics has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Litzenberger Family Foundation Shohola, PA PURPOSE: TO FURTHER DESIGNATED WORK OF THE ORGANIZATION. | $10,000 |
Carefree Foundation Tr 051900 Scottsdale, AZ PURPOSE: GENERAL FUND | $2,000 |
Peer Organizations
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|---|---|---|
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Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |