Aax Insurance Education Foundation Inc
- Assets
- $489.7k
- Revenue
- $11.1k
- Investments
- $465.0k
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 01/2014
- Data as of
- 12/2020
- EIN
- 46-1962014
Organization Overview
Aax Insurance Education Foundation Inc is located in Springfield, MA. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Aax Insurance Education 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 12/2020, Aax Insurance Education Foundation Inc generated $11.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (49.8%) each year. All expenses for the organization totaled $56.7k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Aax Insurance Education Foundation Inc has awarded 46 individual grants totaling $275,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Basehore Treasurer | 0.75 | $0 | |
Scott Eckart President/director | 0.75 | $0 | |
Andrew Todd Clerk | 0.75 | $0 | |
Michael P Ryan Director | 0.75 | $0 | |
Marilyn R Kelleher Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $612 |
| Capital Gain Net Income | $612 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,279 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,297 |
| Total operating and administrative expenses | $11,745 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $56,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,431 |
| 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 | $346 |
| Total assets | $489,738 |
| 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 | $625 |
| Total liabilities | $625 |
Grants Awarded
Over the last fiscal year, Aax Insurance Education Foundation Inc has awarded $90,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: PROVIDE ASSISTANCE TO CHILDREN AND FAMILIES.PROVIDE ASSISTANCE TO CHILDREN AND FAMILIES IN NEEDSCHOLARSHP PROGRAM FOR COLLEGE STUDENTS WITH DECEASED PARENTPROMOTE EDUCATION SCHOLARSHIP CONSISTENT WITH CHARITABLE PURPOSE | $15,000 |
Indianapolis, IN PURPOSE: PROVIDE ASSISTANCE TO CHILDREN AND FAMILIES.PROVIDE ASSISTANCE TO CHILDREN AND FAMILIES IN NEEDSCHOLARSHP PROGRAM FOR COLLEGE STUDENTS WITH DECEASED PARENTPROMOTE EDUCATION SCHOLARSHIP CONSISTENT WITH CHARITABLE PURPOSE | $15,000 |
EAGLE BASEBALL CLUB INC PURPOSE: DEVELOP SKILLS, CONFIDENCE, SPORTSMANSHIP, TEAMWORK. COORDINATE LOCAL VOLUNTEER OPPORTUNITIES FOR PLAYERS. | $10,000 |
EAGLE BASEBALL CLUB INC PURPOSE: DEVELOP SKILLS, CONFIDENCE, SPORTSMANSHIP, TEAMWORK. COORDINATE LOCAL VOLUNTEER OPPORTUNITIES FOR PLAYERS. | $10,000 |
MAKE A WISH FOUNDATION OF MINNESOTA PURPOSE: GRANT LIFE-CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES. | $5,000 |
Dubuque, IA PURPOSE: PROVIDE PROGRAMS FOR DUBUQUE AREA YOUTH TO DEVELOP ESSENTIAL SKILLS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |
Prospect Schools Inc Brooklyn, NY | $3,261,917 | $6,213,918 |
Friends Of@brooklyn Laboratory Charter Schools Inc Brooklyn, NY | $20,397,240 | $6,569,238 |
Friends Of@prospect Schools Ny Inc Brooklyn, NY | $3,486,838 | $6,161,838 |