Anc Foundation Inc
- Assets
- $42.3k
- Revenue
- $17.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Grove, NJ
- Founding
- 10/1989
- Data as of
- 07/2022
- EIN
- 22-2908817
Organization Overview
Anc Foundation Inc is located in Cedar Grove, NJ. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anc 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 07/2022, Anc Foundation Inc generated $17.5k 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 (19.3%) each year. All expenses for the organization totaled $1.7k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (38.5%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF CHILD EDUCATION AND THE WELFARE OF PEOPLE IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Komal Choudhry Trustee | 5 | $0 | |
Amer Choudhry Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $1,660 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,722 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $20,600 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,322 |
| Accounts payable and accrued expenses | $2,660 |
| 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 | $2,660 |
Grants Awarded
Over the last fiscal year, Anc Foundation Inc has awarded $21,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VERONA ISLAMIC CENTER PURPOSE: GENERAL CONTRIBUTION TO SUPPORT THE ORGANIZATION | $10,000 |
FUSION COMMUNITY CENTER OF NJ PURPOSE: GENERAL CONTRIBUTION TO SUPPORT THE ORGANIZATION | $5,000 |
SABA HOMES PURPOSE: GENERAL CONTRIBUTION TO SUPPORT THE ORGANIZATION | $5,000 |
Verona, NJ PURPOSE: NEW CARPETS FOR CENTER | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anc Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Stillman Family Foundation Woodland, MN PURPOSE: CHARITABLE | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |