Afda Inc

Organization Overview

Afda Inc is located in Ashland, MA. The organization was established in 1993. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Afda 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 07/2022, Afda Inc generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $19.7k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT PERSONS FOR CIVIC, EDUCATIONAL, CHARITABLE AND BENEVOLENT CAUSES INCLUDING PROVIDING SCHOLARSHIPS TO STUDENTS, AIDING FAMILIES OF DECEASED OR INJURED FIREFIGHTERS AND PROVIDING TRAINING FACILITIES AND EQUIPMENT USEFUL TO THE FIRE DEPARTMENT, WHICH WOULD BENEFIT THE TOWN OF ASHLAND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION SUCCEEDED IN DONATING TO VARIOUS ACTIVITIES AND ORGANIZATIONS IN THE TOWN OF ASHLAND FOR VARIOUS PURPOSES.


THE ORGANIZATION GIVES SCHOLARSHIPS TO SENIORS GRADUATING FROM ASHLAND HIGH SCHOOL. APPLICATIONS ARE ACCEPTED FROM GRADUATING SENIORS AND A COMMITTEE FROM THE ASSOCIATION REVIEWS THEM AND AWARDS SCHOLARSHIPS BASED ON THE APPLICANTS' ACADEMIC ACHIEVEMENT, EXTRACURRICULAR ACTIVITIES, AND SERVICE TO THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Duca
Director
$0
John Crean
Treasurer
$0
Michael Torosian
President
$0
Andrew Putini
Director
$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$2,130
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,130
Total Program Service Revenue$0
Investment income $7,114
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 $2,777
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,021

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