Asea Advancing Life Foundation
- Assets
- $947.8k
- Revenue
- $760.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasant Grove, UT
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 47-4223656
Organization Overview
Asea Advancing Life Foundation is located in Pleasant Grove, UT. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asea Advancing Life 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 12/2022, Asea Advancing Life Foundation generated $760.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $526.9k during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 4 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 2020, Asea Advancing Life Foundation has awarded 43 individual grants totaling $1,601,471. 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 |
|---|---|---|---|
Kimmarie Larsen Chairman | 6 | $0 | |
Dorianne Betof Treasurer | 4 | $0 | |
Sarah Bailey Director | 1 | $0 | |
Jina Anson Director | 1 | $0 | |
Adolfo Avalos Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $760,437 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $760,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,420 |
| Total operating and administrative expenses | $15,654 |
| Contributions, gifts, grants paid | $511,292 |
| Total expenses and disbursements | $526,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $947,829 |
| 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 | $0 |
| Total assets | $947,829 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Asea Advancing Life Foundation has awarded $511,292 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE PANTRY PURPOSE: DISASTER RELIEF | $5,000 |
US HUNGER PURPOSE: DISASTER RELIEF | $14,500 |
THE SALVATION ARMY PURPOSE: DISASTER RELIEF | $40,000 |
CHOICE HUMANITARIAN PURPOSE: DISASTER RELIEF | $50,000 |
SAFE HOUSE PROJECT PURPOSE: HUMAN TRAFFICKING RELIEF | $50,000 |
VISION CAMBODIA PURPOSE: CLEAN WATER PROJECTS | $17,625 |