Augmentic Asset Advisors is located in Costa Mesa, CA. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augmentic Asset Advisors 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, Augmentic Asset Advisors generated $43.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $38.7k during the year ending 12/2020. While expenses have increased by 44.0% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
CREATE JOBS AND ECONOMIC DEVELOPMENT IN URBAN AND RURAL AREAS THROUGHOUT CALIFORNIA. WE DO THIS BY PROVIDING ENTREPRENEURS WITH INNOVATIVE MECHANISMS THAT CREATE CAPITAL FOR, AND FINANCIAL ASSISTANCE TO, VARIOUS BUSINESS ENTITIES AND INTERESTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Randolph Orbach President & CEO | 2 | $0 | |
Deborah Engelbart Secretary | 2 | $0 | |
Matt Luxx Treasurer | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $43,121 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $43,121 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $22,279 |
Printing, publications, postage, and shipping | $1,142 |
Other expenses | $15,257 |
Total expenses | $38,678 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $3,791 |
Other assets | $0 |
Total assets | $3,791 |
Total liabilities | $0 |
Net assets or fund balances | $3,791 |
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