Class Afloat Foundation - Usa Inc
- Assets
- $545.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenville, NY
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3461026
Organization Overview
Class Afloat Foundation - Usa Inc is located in Glenville, NY. The organization was established in 2015. 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. Class Afloat Foundation - USA 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 12/2021, Class Afloat Foundation - USA Inc generated $40.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $40.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION GRANTS SCHOLARSHIPS TO NEWLY GRADUATED HIGH SCHOOL STUDENTS WHO ARE CATEGORIZED AS FREE AND REDUCED LUNCH CANDIDATES AND ARE SELECTEDBY THEIR HIGH SCHOOL GUIDANCE COUNSELOR AS OUTSTANDING STUDENTS. THERE ARE A LIMITED NUMBER OF SCHOLARSHIPS GRANTED EACH YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Trow Chairman | 5 | $0 | |
Scott Spring Treasurer | 0.1 | $0 | |
David Jones Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,670 |
| 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 | $40,670 |
| 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 | $250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $165 |
| Total expenses | $40,415 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $545 |
| Other assets | $0 |
| Total assets | $545 |
| Total liabilities | $0 |
| Net assets or fund balances | $545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Englewood Hospital And Medical Center Foundation Inc Englewood, NJ | $99,587,008 | $18,309,140 |