Abofrem Area Foundation Inc
- Assets
- $2.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Moorestown, NJ
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-4153965
Organization Overview
Abofrem Area Foundation Inc is located in Moorestown, NJ. The organization was established in 2018. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abofrem Area Foundation 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 12/2023, Abofrem Area Foundation Inc generated $162.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $176.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 3 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
2023
Describe the Organization's Program Activity:
Part 3
SPENT $14,153 FOR HOSPITAL EQUIPMENT,BEDS AND SUPPLIES IN 2023 AND $0 IN RECOGNIZED CHARITIES AND PROMOTE THE EDUCATION OF YOUNG GIRLS AND WOMEN OF ALL AFRICAN NATIONS VIA THE PAGEANT OF AFRICAN MOST BEAUTIFUL USA AND PROVIDE WATER FACILITIES AND IMPROVED SANITARY CONDITIONS AND HEALTH CARE AND IMPROVE EDUCATION FOR AGES 8-13.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nana Akosua Aboagye President | 0 | $0 | |
Linda Perez Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,483 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $30,781 |
| Other Revenue | $0 |
| Total Revenue | $162,264 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $162,397 |
| Total expenses | $176,550 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,745 |
| Other assets | $0 |
| Total assets | $2,745 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,745 |