The Avalo Foundation Inc
- Assets
- $3.2m
- Revenue
- $88.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- Data as of
- 12/2016
- EIN
- 27-2446263
Organization Overview
The Avalo Foundation Inc is located in Florham Park, NJ.
For the year ending 12/2016, Avalo Foundation Inc generated $88.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (47.7%) each year. All expenses for the organization totaled $696.4k during the year ending 12/2016. 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 |
|---|---|---|---|
Christina Dennis President | 10 | $0 | |
Aleta St James Trustee | 0.25 | $0 | |
Donald Recchio Vice President | 0.25 | $0 | |
Donald Edmunds Executive Director | 40 | $171,474 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $103,016 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,658 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $88,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $171,474 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $34,804 |
| Interest | $0 |
| Taxes | $6,232 |
| Depreciation | $3,083 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,908 |
| Total operating and administrative expenses | $329,376 |
| Contributions, gifts, grants paid | $367,000 |
| Total expenses and disbursements | $696,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $136,937 |
| 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 | $6,916 |
| Other assets | $0 |
| Total assets | $3,181,609 |
| 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 Avalo Foundation Inc has awarded $367,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FARMWORKERS COORDINATING COUNCIL OF PALM BEACH COUNTY PURPOSE: UNRESTRICTED | $15,000 |
PALM BEACH COUNTY FOOD BANK PURPOSE: UNRESTRICTED | $50,000 |
THE LORD'S PLACE PURPOSE: UNRESTRICTED | $150,000 |
TOWN OF PALM BEACH UNITED WAY PURPOSE: UNRESTRICTED | $100,000 |
PEGGY ADAMS ANIMAL RESCUE LEAGUE PURPOSE: UNRESTRICTED | $50,000 |
BRRH FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |