Aam Foundation
- Assets
- $35.7m
- Revenue
- $24.2m
- Investments
- $3.4m
- Employees
- 0
- Location
- Novato, CA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 94-3352261
Organization Overview
Aam Foundation is located in Novato, CA. The organization was established in 2000. 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. Aam 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, Aam Foundation generated $24.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AAM FOUNDATION DIRECTLY FUNDS FREEDOM ENGLISH ACADEMY TO PROVIDE LARGE-SCALE COACHING FOR PROFESSIONAL JOBS TO DISADVANTAGED YOUTH IN INDIA. PURCHASES AND PROVIDES CURRICULUM MATERIAL, TEACHER TRAINING, MENTORSHIP PROGRAMS AND OTHER ONLINE TOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deepak Chopra President And CEO | 0.5 | $0 | |
Deepmala Chopra Treasurer, CFO And Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,007,044 |
| Interest on Savings | $3 |
| Dividends & Interest | $103,269 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,394 |
| Capital Gain Net Income | $118,661 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $807 |
| Total Revenue | $24,208,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125,488 |
| Total operating and administrative expenses | $165,282 |
| Contributions, gifts, grants paid | $5,499,608 |
| Total expenses and disbursements | $5,664,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,381,007 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,101 |
| 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 | $2,726,158 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,749,865 |
| 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, Aam Foundation has awarded $5,499,608 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AAM FOUNDATION - FREEDOM EMPLOYABILITY ACADEMY PURPOSE: EDUCATION | $5,411,408 |
Tomales, CA PURPOSE: SPIRITUALITY | $88,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Without Borders International Camarillo, CA | $12,905,795 | $20,022,100 |
Assist International Inc Ripon, CA | $15,283,547 | $16,657,420 |
Maranatha Volunteers International Inc Roseville, CA | $22,832,161 | $24,229,076 |
Alliance For Medical Outreach And Relief Fresno, CA | $15,431,819 | $11,809,946 |
Iris Global Redding, CA | $6,251,509 | $13,219,595 |
Behring Global Educational Foundation Danville, CA | $225,486,118 | $12,863,733 |
Far Reaching Ministries Murrieta, CA | $21,362,367 | $12,281,756 |
Good Neighbors Usa Tustin, CA | $3,226,157 | $7,785,780 |
Ywam Ships Orange County Kailua Kona, HI | $1,414,962 | $7,142,839 |
Guara Bi Inc Las Vegas, NV | $2,785,131 | $6,283,964 |
Operation Usa Los Angeles, CA | $6,771,517 | $5,746,005 |
Onesky Berkeley, CA | $3,976,088 | $6,959,503 |