Aitec Gives Back Foundation

Organization Overview

Aitec Gives Back Foundation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aitec Gives Back 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, Aitec Gives Back Foundation generated $358.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $337.5k during the year ending 12/2021. While expenses have increased by 3.4% 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.

Since 2015, Aitec Gives Back Foundation has awarded 27 individual grants totaling $1,495,000. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS TO CONTRIBUTE TO U.S. PUBLIC CHARITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DONATED $210,000. THESE FUNDS WERE RAISED AT AN ANNUALGOLF OUTING.


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Board, Officers & Key Employees

Name (title)Compensation
Zachary Frayne
Director
$0
John Brennan
Director
$0
Hans Bieuel
Director
$0
Adam Pfefer
Director
$0
Chris Turek
Director
$0
Jeffrey Gerson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$358,838
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$358,838
Total Program Service Revenue$0
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 $0
Miscellaneous Revenue$0
Total Revenue $358,838

Grants Awarded

Over the last fiscal year, Aitec Gives Back Foundation has awarded $200,000 in support to 5 organizations.

Grant RecipientAmount

Timonium, MD

PURPOSE: TO HELP WOUNDED POST 9-11 SERVICE MEMBERS START AND MAINTAIN THEIR HEALING PROCESS BOTH PHYSICALLY AND MENTALLY BY PROVIDING THEM WITH GIFTED GYM MEMBERSHIPS OR HOME GYM EQUIPMENT.

$50,000

THE GI GO FUND INC

Org PageRecipient Profile

New Brunswick, NJ

PURPOSE: ORGANIZATION THAT ASSISTS VETERANS, ACTIVE-DUTY PERSONNEL, THEIR FAMILY MEMBERS, VETERAN SUPPORTERS, AND ALL MEMBERS OF THE MILITARY COMMUNITY WITH FINDING EMPLOYMENT, CONNECTING TO THEIR BENEFITS, AND ACCESSING HOUSING OPPORTUNITIES.

$50,000

LZ GRACE WARRIOR RETREAT FOUNDATION

Org PageRecipient Profile

Virginia Beach, VA

PURPOSE: PROVIDE A CONFIDENTIAL AND SECURE PLACE FOR WARRIORS TO DECOMPRESS SO THEY CAN REENTER FAMILY AND CIVILIAN LIFE WITH PURPOSE.

$35,000

GROUNDWORK HUDSON VALLEY

Org PageRecipient Profile

Yonkers, NY

PURPOSE: TO SUPPORT FAMILIES OF MILITARY PERSONNEL LOST IN SERVICE AND SEVERELY WOUNDED MILITARY PERSONNEL AND VETERANS.

$35,000

HOPE FOR YOUTH INC

Org PageRecipient Profile

Houston, TX

PURPOSE: TO ASSIST IN ADDING A NEW DEVELOPER POSITION

$30,000
View Grant Profile

Peer Organizations

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