Amac Foundation Inc
- Assets
- $300.5k
- Revenue
- $238.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Lady Lake, FL
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 32-0312372
Organization Overview
Amac Foundation Inc is located in Lady Lake, FL. The organization was established in 2013. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Amac Foundation Inc employed 11 individuals. This organization is the central organization for a national or regional group of organizations. Amac 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 12/2022, Amac Foundation Inc generated $238.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $396.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE FINANCIAL SECURITY, HEALTH, AND SOCIAL LIVES OF CURRENT AND FUTURE AMERICAN SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MULTIPLE TOPICAL WEBSITES, UPDATED EVERY WEEKDAY AND PRESENTING BREAKING NEWS AND RELEVANT BACKGROUND ON SOCIAL SECURITY/RETIREMENT (WWW.SOCIALSECURITYREPORT.ORG) AND MEDICARE/HEALTHCARE (WWW.MEDICAREREPORT.ORG); PROVISION OF ACCREDITED SOCIAL SECURITY ADVISORY SERVICES TO THE GENERAL PUBLIC; COORDINATE AMAC VETERANS SUPPORT INITIATIVE AND CONTACTS WITH THE VETERAN COMMUNITY; CONDUCTING OF SPECIAL-INTEREST SEMINARS AND WEBINARS ON TOPICS AND PUBLICATION OF REFERENCE MATERIALS COVERING SOCIAL SECURITY REFERENCE AND OTHER SENIOR-RELATED SUBJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Hafer Executive Director Former | Officer | 20 | $35,186 |
Joleen R Teninty Executive Director | Officer | 36 | $21,021 |
Judith Weber Vice President | OfficerTrustee | 1 | $0 |
Kurt Meyer Secretary | OfficerTrustee | 1 | $0 |
David Weber Treasurer | OfficerTrustee | 1 | $0 |
Rebecca W Keiffert President | OfficerTrustee | 1 | $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 | $234,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,586 |
| Total Program Service Revenue | $3,000 |
| Investment income | $0 |
| 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 | $0 |
| Net Income from Sales of Inventory | $367 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,207 |
| Compensation of current officers, directors, key employees. | $22,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $193 |
| Payroll taxes | $22,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,450 |
| Advertising and promotion | $7,744 |
| Office expenses | $30,946 |
| Information technology | $17,379 |
| Royalties | $0 |
| Occupancy | $24,500 |
| Travel | $4,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,859 |
| All other expenses | $1,063 |
| Total functional expenses | $396,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,729 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,647 |
| Prepaid expenses and deferred charges | $2,615 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $300,509 |
| Accounts payable and accrued expenses | $19,597 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $106 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,703 |
| Net assets without donor restrictions | $280,806 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $300,509 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Amac Foundation Inc has recieved totaling $2,721.
| Awarding Organization | Amount |
|---|---|
Oda Family Charitable Foundation Honolulu, HI PURPOSE: EDUCATION | $2,000 |
Brenneman Family Charitable Foundation Inc Savannah, GA PURPOSE: SUPPORT & EDUCATE AMERICA'S SENIORS | $500 |
Peyton Family Foundation Oklahoma City, OK PURPOSE: CHARITABLE ORGANIZATION | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Investor Action Fund Inc Atlanta, GA | $1,202,318 | $9,887,043 |
Sylacauga Alliance For Family Enhancement Inc - Safe Sylacauga, AL | $1,918,841 | $3,896,450 |
South Florida Wellness Network Inc Fort Lauderdale, FL | $4,307,428 | $4,917,474 |
Stiller Family Foundation West Palm Beach, FL | $88,100 | $2,176,714 |
Center For Executive Leadership Inc Birmingham, AL | $2,490,667 | $2,959,899 |
Haitian Neighborhood Center Sant La Inc North Miami, FL | $5,027,572 | $2,806,472 |
Intown Collaborative Ministries Atlanta, GA | $816,682 | $2,226,002 |
2-1-1 Big Bend Inc Tallahassee, FL | $1,079,440 | $1,869,822 |
Easter Seals East Georgia Inc Augusta, GA | $1,886,077 | $733,248 |
Collier Harvest Foundation Naples, FL | $738,764 | $1,426,424 |
Lifechoices Womens Care Inc Lutz, FL | $372,817 | $1,044,138 |
The Path Project Inc Monroe, GA | $774,045 | $1,370,431 |