American Friends Of Concordia University
- Assets
- $618.3k
- Revenue
- $679.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 72-1601411
Organization Overview
American Friends Of Concordia University is located in Washington, DC. The organization was established in 2005. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Concordia University 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, American Friends Of Concordia University generated $679.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $333.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE EDUCATION BY SUPPORTING SPECIAL PROJECTS THAT ADVANCE THE PURPOSES OF CONCORDIA UNIVERSITY, MONTREAL, QUEBEC, CANADA AS DESIGNED AND DETERMINED BY THE ORGANIZATION'S BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. SUPPORT AND ADVANCE (1) THE ACADEMIC AND STUDENT NEEDS OF THE CONCORDIA UNIVERSITY LOCATED IN MONTREAL, QUEBEC, CANADA, AND (2) CONCORDIA UNIVERSITY'S JOHN MOLSON SCHOOL OF BUSINESS.
(1) ADVANCE STUDENT AND ACADEMIC PROGRAMS AT CONCORDIA UNIVERSITY; (2)GRANT IS TO BE USED TO ADVANCE MOMUS IN THE FACULTY OF FINE ARTS OF CONCORDIA UNIVERSITY; (3) ADVANCE CONCORDIA UNIVERSITY ATHLETIC EDUCATION BY ASSISTING THE MEN'S RUGBY TEAM, (4) SUPPORT THE UNIVERSITY'S DR. BOYD G. SINYARD PRIZE; AND SUPPORT CONCORDIA UNIVERSITY'S ROSS PERIGOE MEMORIAL SCHOLARSHIP FUND.
(1) FIFTY THOUSAND DOLLARS ($50,000.00US) GRANT TO CONCORDIA UNIVERSITY USED PURSUANT TO THE AGREEMENT ENTERED INTO BY AND BETWEEN THE AFCU AND THE UNIVERSITY FOR THE FACULTY PORTION OF THE CAREER AWARD AT THE SCIENTIFIC INTERFACE; AND AND (2) ADVANCE STUDENT ACADEMIC PROGRAMS AT THE UNIVERSITY, AND (3) ADVANCE EDUCATION AT THE MOLSON SCHOOL OF BUSINESS, AND (4) ADVANCE THE UNIVERSITY'S JOURNALISM EDUCATIONAL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Kobernick President And Director | OfficerTrustee | 0.5 | $0 |
Sharon Noble Secretary And Treasurer | OfficerTrustee | 0.5 | $0 |
Michael Storey Treasurer And Director | OfficerTrustee | 0.5 | $0 |
Ed Stapor Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $679,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $679,782 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $679,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $333,218 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $333,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $618,308 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $618,308 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $618,308 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Friends Of Concordia University has recieved totaling $284,957.
| Awarding Organization | Amount |
|---|---|
Ajram Fam Foundation 12112009 Highland Beach, FL PURPOSE: CHARITABLE | $272,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
The Malala Fund Washington, DC | $40,557,471 | $29,060,686 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |
United States Japan Foundation Owings Mills, MD | $106,169,200 | $4,759,214 |
St Stephen S And St Agnes School Foundation Alexandria, VA | $47,445,810 | $11,356,184 |
Charles B Keesee Educational Fund Incorporated Martinsville, VA | $78,271,755 | $5,985,709 |
James Barry Robinson Home For Boys Trust Norfolk, VA | $49,691,285 | $5,553,084 |
Liberian Education Achievement & Resource Network Washington, DC | $510,785 | $2,650,000 |