The Asfaw Family Foundation International
- Assets
- $32.7k
- Revenue
- $40.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 20-8024081
Organization Overview
The Asfaw Family Foundation International is located in Denver, CO. The organization was established in 2010. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Asfaw Family Foundation International 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, Asfaw Family Foundation International generated $40.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $16.2k during the year ending 12/2021. 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
PROVIDING BICYCLES TO CHILDREN IN NEED IN THE DENVER METRO AREA
PROMOTING ADVANCED EDUCATIONAL OPPORTUNITIES TO AFRICAN AMERICAN MALES IN COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Asfaw Secretary & Director | 10 | $0 | |
Getachew Asfaw President & Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| 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 | $40,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $981 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $3,110 |
| Contributions, gifts, grants paid | $13,050 |
| Total expenses and disbursements | $16,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,397 |
| Savings and temporary cash investments | $0 |
| 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 | $1,317 |
| Other assets | $0 |
| Total assets | $32,714 |
| 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 Asfaw Family Foundation International has awarded $13,050 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CPRD CAPITAL CAMPAIGN PURPOSE: GRANT | $10,000 |
Aurora, CO PURPOSE: GRANT | $3,000 |
Denver, CO PURPOSE: DONATION | $50 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Asfaw Family Foundation International has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
B-Giving Roetzel Family Foundation Inc Centerville, UT PURPOSE: CHARITABLE DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Ventures Englewood, CO | $2,919,748 | $7,396,606 |
Friends Of Football Inc Pueblo, CO | $0 | $209,272 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Secure World Foundation Broomfield, CO | $14,993,930 | $1,932,804 |
Case Commons Inc Lawrence, KS | $6,148,091 | $1,952,183 |
The Harold James Family Trust Prescott, AZ | $66,905,399 | $283,174 |
Smith-Pettit Foundation Salt Lake City, UT | $17,077,346 | $1,780,934 |
Foundation For A Better Life Denver, CO | $1,182,191 | $2,044,000 |
International Spine Study Group Foundation Brighton, CO | $5,806,474 | $2,130,790 |
National Center On Shaken Baby Syndrome Farmington, UT | $942,258 | $989,551 |
The Clifton Foundation Omaha, NE | $834,669 | -$35,977 |
Niki Charitable Art Foundation Park City, UT | $36,058,795 | $1,233,627 |