Afr Foundation Inc
- Assets
- $3.9m
- Revenue
- $152.4k
- Investments
- $3.9m
- Employees
- 0
- Location
- Lemoyne, PA
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 25-1710230
Organization Overview
Afr Foundation Inc is located in Lemoyne, PA. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Afr 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, Afr Foundation Inc generated $152.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $218.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Afr Foundation Inc has awarded 165 individual grants totaling $1,521,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE DONATIONS TO VARIOUS 501C3 NON-PROFIT ORGANIZATIONS TO ASSIST IN THEIR CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary A Simmonds MD Director | 1 | $0 | |
Richard W Stewart ESQ Director | 1 | $0 | |
Anne W Stewart Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $109,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,598 |
| Capital Gain Net Income | $42,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $152,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,154 |
| Total operating and administrative expenses | $33,495 |
| Contributions, gifts, grants paid | $185,300 |
| Total expenses and disbursements | $218,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $2,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,894,379 |
| 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, Afr Foundation Inc has awarded $185,300 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
WEST SHORE MEALS ON WHEELS PURPOSE: EXEMPT DONATION 501C3 | $2,500 |
CAMP HILL FIRE CO 1 PURPOSE: EXEMPT DONATION 501C3 | $5,000 |
DOWNTOWN DAILY BREAD PURPOSE: EXEMPT DONATION 501C3 | $10,000 |
BETHESDA MISSION PURPOSE: EXEMPT DONATION 501C3 | $7,500 |
LB SMITH ESTATE FOUNDATION INC PURPOSE: EXEMPT DONATION 501C3 | $10,000 |
CENTRAL PENNSYLVANIA FOOD BANK PURPOSE: EXEMPT DONATION 501C3 | $10,000 |