Addition Financial Foundation Inc
- Assets
- $89.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Mary, FL
- Founding
- Data as of
- 12/2023
- EIN
- 87-0878614
Organization Overview
Addition Financial Foundation Inc is located in Lake Mary, FL. 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. Addition Financial 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, Addition Financial Foundation Inc generated $181.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $179.6k during the year ending 12/2023. 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
THE FOUNDATION'S ACTIVITIES WILL PRIMARILY BE RELATED TO SUPPORTING INITIATIVES BENEFITING EDUCATION. THE FOUNDATION WILL FOCUS ITS ACTIVITIES WITHIN THE STATE OF FLORIDA.THE FOUNDATION'S ACTIVITIES WILL BE FUNDED THROUGH MEMBERSHIP FEES AND CONTRIBUTIONS FROM VARIOUS DONORS, INCLUDING THE CREDIT UNION.THE CHARITABLE ACTIVITIES OF THE FOUNDATION WILL INCLUDE AWARDING COLLEGE SCHOLARSHIPS, DONATING DIRECTLY TO STUDENTS AND TEACHERS, AND DONATING DIRECTLY TO OTHER CHARITABLE FOUNDATIONS BENEFITING EDUCATION INITIATIVES. ALL OF THESE ACTIVITIES SUPPORT THE FOUNDATION'S PURPOSE OF SUPPORTING INITIATIVES BENEFITING EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Miller President/chairman | 10 | $0 | |
Samuel Nelson Vp/treasurer | 10 | $0 | |
Nora Rodriguez Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,467 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $67 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $181,534 |
| 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 | $1,550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $179,553 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,602 |
| Other assets | $0 |
| Total assets | $89,602 |
| Total liabilities | $0 |
| Net assets or fund balances | $89,602 |