Absolute Development And Exchange Foundation
- Assets
- $38.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-2880866
Organization Overview
Absolute Development And Exchange Foundation is located in Bridgewater, NJ. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Absolute Development And Exchange 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 12/2023, Absolute Development And Exchange Foundation generated $152.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $116.0k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
BY SUPPORTING AND DEVELOPING U.S. FENCING ATHLETES, COACHES, REFEREES, ANDTHE SPORT OVERALL TO ENSURE THE RESOURCES NECESSARY ARE MADE AVAILABLE TOPARTICIPATE FULLY IN THE FENCING MOVEMENT BOTH IN THE USA AND ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Lu Chairman | 0 | $0 | |
Donald Anthony Vice Chairman | 0 | $0 | |
Amanda Ronning Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,382 |
| 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 | $152,382 |
| 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 | $385 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $115,609 |
| Total expenses | $115,994 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,945 |
| Other assets | $0 |
| Total assets | $38,945 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,945 |