Philippine-American Friendship Community Inc
- Assets
- $64.0k
- Revenue
- $117.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 22-3118750
Organization Overview
Philippine-American Friendship Community Inc, operating under the name Pafcom, is located in Jersey City, NJ. The organization was established in 1995. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pafcom 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, Pafcom generated $117.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $109.1k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER TO JERSEY CITY RESIDENTS A COLORFUL ANNUAL PARADE AND FESTIVAL IN CELEBRATION OF THE PHILIPPINE AMERICAN FRIENDSHIP DAY. TO ENHANCE BETTER UNDERSTANDING OF THE FILIPINO CULTURE AND ACTIVITIES. BE OF SERVICE TO THE COMMUNITY AND THE GENERAL PUBLIC IN ORDER TO GAIN FOR THEMSELVES THAT RECOGNITION DUE TO THEM AS AN ETHNIC GROUP IN THE UNITED STATES OF AMERICA. TO ENHANCE THE INTEGRATION OF FILIPINOS INTO MAINSTREAM AMERICA BY ENGAGING IN SOCIO-CULTURAL, CHARITABLE AND EDUCATIONAL UNDERTAKINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL PARADE AND FESTIVAL - TO CELEBRATE CULTURE AND DIVERSITY AND THE HISTORICAL FRIENDSHIP BETWEEN UNITED STATES AND THE PHILIPPINES. TO SUSTAIN A CLOSER RELATIONSHIP AMONG FILIPINO AMERICANS AND TO PRESERVE THE FILIPINO CULTURAL HERITAGE FOR THE FUTURE GENERATION OF FILIPINO AMERICANS. THE ANNUAL PARADE AND FESTIVAL HELD IN THE MONTH OF JUNE SHOWCASES THE FILIPINO CULTURE TO MAINSTREAM AMERICA THROUGH DECORATED FLOATS, FOLK DANCES, ARTS AND EXHIBITS,ASSORTMENT OF NATIVE DISHES, VARIETIES OF MUSIC, COMMUNITY ORGANIZATIONS,BUSINESSES AND LOCAL TALENTS.
VARIOUS PROGRAMS SUCH AS PASKO SA HUDSON. SIMBANG GABI, ANNUAL PICNIC,DONATIONS TO CHARITIES,CLEAN UP, ETC.
MUNICIPAL ALLIANCE AND COMMUNITY DEVELOPMENT BLOCK GRANT-THROUGH GRANT AWARDS FROM THE JERSEY CITY MUNICIPAL GOVERNMENT, PAFCOM WAS ABLE TO PROVIDE SUPPORTIVE SERVICES TO ADDRESS THE NEEDS OF FILIPINO YOUTH, FAMILIES, VETERANS AND SENIORS IN JERSEY CITY. THESE INTERGENERATIONAL SERVICES ARE DESIGNED TO FOSTER TRADITIONAL FAMILY AND CULTURAL VALUES. PROVIDE SOCIAL SERVICES TO SENIORS AND HEALTH AWARENESS ACTIVITIES. DELIVERING CONSULAR SERVICES, IN PARTNERSHIP WITH THE PHILIPPINE CONSULATE. WORKING WITH APIA VOTE FOR VOTER REGISTRATION CAMPAIGNS AND EDUCATE ON THE IMPORTANCE OF VOTING.
PAFCOM OFFICERS AND MEMBERS RETREAT TO DEVELOP EACH VOLUNTEERS ABILITY TO ACHIEVE THE ORGANIZATION'S OBJECTIVES AND FOSTER COOPERATION AMONG THE OFFICERS, MEMBERS AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constancia S Uy Chairperson | OfficerTrustee | 5 | $0 |
Ledy Almadin Advisory Boa | Trustee | 2 | $0 |
Helen Castillo Imm Past Pre | Officer | 3 | $0 |
Ofelea Frain President | Officer | 4 | $0 |
Maricar Taino Secretary & | Officer | 4 | $0 |
Betty Buenviaje Assistant Se | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $880 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,141 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,914 |
| Total Program Service Revenue | $0 |
| Investment income | $297 |
| 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 | $117,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,877 |
| Advertising and promotion | $650 |
| Office expenses | $0 |
| 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 | $20,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $919 |
| Insurance | $2,116 |
| All other expenses | $34,824 |
| Total functional expenses | $109,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,000 |
| Total assets | $63,961 |
| Accounts payable and accrued expenses | $1,018 |
| 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 | $1,018 |
| Net assets without donor restrictions | $62,943 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $63,961 |