The Avandia Foundation
- Assets
- $461.6k
- Revenue
- $25.8k
- Investments
- $401.2k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 47-5381596
Organization Overview
The Avandia Foundation is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Avandia 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, Avandia Foundation generated $25.8k 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 (34.5%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucynda Choi Pres, Dir, Sec, Treas | 10 | $0 | |
Michael Choi VP | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37 |
| Dividends & Interest | $8,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,545 |
| Capital Gain Net Income | $17,545 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,729 |
| Total operating and administrative expenses | $9,025 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $26,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,439 |
| 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 | $461,630 |
| 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, The Avandia Foundation has awarded $17,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Newberg, OR PURPOSE: $3000 FOR COMMUNITY BUILDING PROGRAMS, $2000 FOR LOW ROPES COURSE PROJECT | $5,000 |
Lake Oswego, OR PURPOSE: $1,500 FOR FUNDS FOR 2ND RUN PRINTING OF TOBMONTHLY KIDS, AND $3,000 FOR PRINTING COSTS OF TOBMONTHLY FUTURE ISSUES | $4,500 |
Omaha, NE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Omaha, NE PURPOSE: TO SUPPORT THE NEW BUILDING | $1,500 |
HEALING THE CULTURE PURPOSE: PRINCIPLES + CHOICES PROGRAM | $1,000 |
Lebanon, OR PURPOSE: IN SUPPORT OF THE MOBILE UNIT FOR OBRIA MEDICAL CLINIC | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Highmark Foundation Pittsburgh, PA | $137,140,319 | $19,548,694 |
The Aileen K And Brian L Roberts Foundation Philadelphia, PA | $14,520,286 | $7,913,944 |
The Giorgi Family Foundation Temple, PA | $80,817,580 | $6,973,404 |