The Afsm Foundation
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1224572
Organization Overview
The Afsm Foundation is located in New Haven, CT. The organization was established in 2010. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afsm Foundation 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, Afsm Foundation generated $1.0m in total revenue. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS RECEIVED OF ANCIENT CHINESE WORKS OF ART FOR THE PURPOSE OF EXHIBITING & PROMOTING THE STUDY OF THE WORKS BY MAKING THEM AVAILABLE TO RESEARCHERS & SCHOLARS REGARDLESS OF INSTITUTIONAL OR NATIONAL AFFILIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Pei President | 0.5 | $0 | |
Shau-Wai Lam Treasurer | 0.5 | $0 | |
George Fan Director | 0.5 | $0 | |
Peter Kimmelman Director | 0.5 | $0 | |
Lillian Chin Director | 0.5 | $0 | |
William M Griswold Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| 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 | $1,000,000 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $5,602,265 |
| Total expenses and disbursements | $5,602,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,606,071 |
| Total assets | $1,606,071 |
| 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 Afsm Foundation has awarded $5,602,265 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SHANGHAI MUSEUM PURPOSE: DING OVOID EWER, GREEN-GLAZED BIRD-FORM CUP, PAIR OF PEACHBLOOM-GLAZED SEAL-PASTE BOXES AND COVERS FOR THE PURPOSE OF EXHIBITING AND PROMOTING THE STUDY OF THE WORKS BY MAKING THEM AVAILABLE TO SCHOLARS | $5,500,000 |
SHANGHAI MUSEUM PURPOSE: 288 QIPAO VINTAGE DRESSES FOR THE PURPOSE OF EXHIBITING AND PROMOTING THE STUDY OF THE WORKS BY MAKING THEM AVAILABLE TO SCHOLARS | $102,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advisors Charitable Gift Fund Inc Woburn, MA | $25,560,118 | $6,290,034 |
The Afsm Foundation New Haven, CT | $1,606,071 | $1,000,000 |
Constructive Dialogue Institute Inc New York, NY | $2,018,471 | $1,187,467 |
Shekel Hakodesh Dsatmar Inc Monroe, NY | $92,066 | $1,180,269 |
Uwvc Foundation Inc New York, NY | $541,216 | $743,045 |
Harpswell Foundation Concord, MA | $9,704,680 | $1,497,581 |
Milford Community Media Center Inc Milford, MA | $557,673 | $474,965 |
Np Minneapolis Industrial Llc Boston, MA | $18,987,088 | $1,225,241 |
Gateway Demonstration Assistance Corporation Brooklyn, NY | $54,240 | $0 |
New York State Local Government Services Corporation Albany, NY | $2,522,500 | $0 |
Ims Foundation Brooklyn, NY | $12,335 | $250,000 |
Children Of Long Island Inc Moriches, NY | $1,474,750 | $1,240,000 |