Asi-A Shared Initiative Incorporated
- Assets
- $3.0m
- Revenue
- $8.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-2258602
Organization Overview
Asi-A Shared Initiative Incorporated is located in Metairie, LA. The organization was established in 2006. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asi-A Shared Initiative Incorporated 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, Asi-A Shared Initiative Incorporated generated $8.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.4%) each year. All expenses for the organization totaled $108.0k during the year ending 12/2021. 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
THE ORGANIZATION PROVIDES AFFORDABLE LENDING OPPORTUNITIES AND EXPANDS ACCESS TO FINANCIAL EDUCATION AND VITAL COMMUNITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASI PROVIDED HOUSING COUNSELING, FINANCIAL EDUCATION, AND SMALL BUSINESS LENDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Washington Chair | OfficerTrustee | 0.8 | $0 |
Martha Castillo Vice Chair | OfficerTrustee | 0.1 | $0 |
Dora Short Secretary | OfficerTrustee | 1.2 | $0 |
Karen Boudreaux Treasurer | OfficerTrustee | 0.1 | $0 |
Carmen Sunda Director | Trustee | 0.1 | $0 |
Alice Franz Glenn Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $5 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,759 |
| Total Program Service Revenue | $0 |
| Investment income | $20,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$18,110 |
| Net Gain/Loss on Asset Sales | -$73,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,540 |
| 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. | $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 | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,435 |
| 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 | $108,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,043 |
| Savings and temporary cash investments | $2,257,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,478 |
| 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 | $2,999,605 |
| 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 | $2,999,605 |
| Net assets with donor restrictions | $0 |
| 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 | $2,999,605 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asi-A Shared Initiative Incorporated has recieved totaling $24,000.
| Awarding Organization | Amount |
|---|---|
Inclusiv Inc New York, NY PURPOSE: HUD GRANT | $24,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharing Life Community Outreach Inc Mesquite, TX | $2,053,373 | $25,973,083 |
Food Bank Of Northeast Arkansas Jonesboro, AR | $15,669,571 | $22,965,303 |
Arvac Inc Dardanelle, AR | $9,742,148 | $20,926,071 |
Galveston County Food Bank Texas City, TX | $6,843,848 | $17,758,776 |
Caritas Of Waco Waco, TX | $6,458,652 | $16,290,870 |
Metrocrest Services Farmers Branch, TX | $16,311,455 | $22,147,837 |
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Healthcare For The Homeless-Houston Houston, TX | $9,738,330 | $7,057,693 |
Cornerstone Assistance Network Inc Fort Worth, TX | $6,473,488 | $6,928,385 |
Goodness Outreach Depot Haslet, TX | $63,576 | $5,040,175 |
Reach Out America Intnl Inc League City, TX | $82,428 | $5,177,951 |
Humble Area Assistance Ministries Humble, TX | $3,384,410 | $5,119,606 |