American Friends Of Lafayette
- Assets
- $107.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 12/1946
- Data as of
- 06/2023
- EIN
- 23-6298448
Organization Overview
American Friends Of Lafayette is located in Gaithersburg, MD. The organization was established in 1946. 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. American Friends Of Lafayette 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 06/2023, American Friends Of Lafayette generated $194.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $136.3k during the year ending 06/2023. While expenses have increased by 12.9% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan R Hoffman President | 40 | $0 | |
Hank Parfitt First Vice President | 5 | $0 | |
Robert Kelly Second Vice President | 10 | $0 | |
Chuck Schwam Treasurer | 40 | $0 | |
Bonnie Fritz Secretary | 7 | $0 | |
Diane Shaw Curator | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,286 |
| Total Program Service Revenue | $28,447 |
| Membership dues | $25,260 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $194,418 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $85,327 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $9,332 |
| Other expenses | $41,615 |
| Total expenses | $136,274 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,708 |
| Other assets | $0 |
| Total assets | $107,708 |
| Total liabilities | $0 |
| Net assets or fund balances | $107,708 |