Afr Foundation Inc
- Assets
- $49.7k
- Revenue
- $2.1k
- Investments
- $47.5k
- Employees
- 0
- Location
- Braselton, GA
- Founding
- 10/2008
- Data as of
- 06/2023
- EIN
- 26-2756793
Organization Overview
Afr Foundation Inc is located in Braselton, GA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Afr Foundation 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 06/2023, Afr Foundation Inc generated $2.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $1.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 8 years. 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 |
|---|---|---|---|
Frances Rees Director | 10 | $0 | |
Nicole Smith Bennink Secretary Director | 1 | $0 | |
Gabriele Garcia Erickson Treasurer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $745 |
| Capital Gain Net Income | $745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,053 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,332 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,195 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $49,679 |
| Accounts payable and accrued expenses | $132 |
| 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 | $132 |
Grants Awarded
Over the last fiscal year, Afr Foundation Inc has awarded $4,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THUMBS UP MISSION PURPOSE: TO FURTHER TAX EXEMPT FUNCTION | $2,250 |
EXTRA SPECIAL PEOPLE PURPOSE: TO FURTHER TAX EXEMPT PURPOSE | $2,250 |