Life And Discovery Inc
- Assets
- $3.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 54
- Location
- Frederick, MD
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 86-1140556
Organization Overview
Life And Discovery Inc, operating under the name Asian American Center Of Frederick, is located in Frederick, MD. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Asian American Center Of Frederick employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asian American Center Of Frederick 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, Asian American Center Of Frederick generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 39.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE ALL IMMIGRANTS WITH ESSENTIAL SKILLS TO BE INDEPENDENT AND SUCCESSFUL CONTRIBUTORS TO OUR COMMUNITIES AND SOCIETY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH LITERACY AND ACCESS TO HEALTH SERVICES - AACF IMPROVES THE LIVES OF FREDERICK COUNTY'S RESIDENTS, ESPECIALLY IMMIGRANTS AND MINORITIES, BY IMPROVING ACCESS TO HEALTHCARE SERVICES, RESOURCES, AND INFORMATION THROUGH ITS DIVERSE AND MULTI-LINGUAL TEAM OF CERTIFIED COMMUNITY HEALTH WORKERS. BY DOING SO, AACF BRINGS EQUITY AND POSITIVELY IMPACTS SOCIAL DETERMINANTS OF HEALTH (NON-MEDICAL FACTORS THAT INFLUENCE HEALTH OUTCOMES) FOR UNDERREPRESENTED COMMUNITIES, IMPROVING THEIR OVERALL QUALITY OF LIFE.
RETIRED & SENIOR VOLUNTEER PROGRAM - AACF ADMINISTERS SENIOR VOLUNTEER PROGRAMS FUNDED BY AMERICORPS SENIORS (CORPORATION FOR NATIONAL AND COMMUNITY SERVICE), WHICH PROVIDES FREDERICK COUNTY'S RESIDENTS OF AGE 55+ WITH OPPORTUNITIES TO SERVE THEIR COUNTRY, ADDRESSING THE MOST PRESSING CHALLENGES, AND IMPROVING LIVES AND COMMUNITIES IN WHICH THEY LIVE.
FINANCIAL LITERACY - AACF EQUIPS IMMIGRANT ADULTS WITH EDUCATION, TOOLS, AND RESOURCES, TO GAIN AN UNDERSTANDING AND PRACTICAL KNOWLEDGE OF FAMILY FINANCES AND THE EFFECT THAT IT HAS ON THEIR HEALTH AND WELLBEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gurpreet Kaur President | OfficerTrustee | 2 | $0 |
Dr Cynthia Macri Vice President | OfficerTrustee | 2 | $0 |
Charlotte Davis Treasurer | OfficerTrustee | 2 | $0 |
Dr Shahid Rafiq Director | Trustee | 2 | $0 |
Rev John Ponnala Director | Trustee | 2 | $0 |
Patricia Simons Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,093 |
| Related organizations | $0 |
| Government grants | $2,508,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,910,816 |
| Total Program Service Revenue | $195,487 |
| Investment income | $624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$29,307 |
| Net Gain/Loss on Asset Sales | -$977 |
| Net Income from Fundraising Events | -$7,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,077,737 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,750 |
| Compensation of current officers, directors, key employees. | $8,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,076,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,164 |
| Payroll taxes | $109,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,527 |
| Fees for services: Accounting | $22,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,948 |
| Advertising and promotion | $3,921 |
| Office expenses | $8,824 |
| Information technology | $19,546 |
| Royalties | $0 |
| Occupancy | $117,589 |
| Travel | $16,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,594 |
| Insurance | $42,328 |
| All other expenses | $208,407 |
| Total functional expenses | $2,854,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,493 |
| Savings and temporary cash investments | $340,607 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $811,794 |
| 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 | $2,023,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,449 |
| Total assets | $3,527,049 |
| Accounts payable and accrued expenses | $108,530 |
| 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 | $1,377,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,323 |
| Total liabilities | $1,586,551 |
| Net assets without donor restrictions | $1,570,209 |
| Net assets with donor restrictions | $370,289 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $3,527,049 |