Afr Foundation Inc
- Assets
- $49.0k
- Revenue
- $5.3k
- Investments
- $46.0k
- Employees
- 0
- Location
- Braselton, GA
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 26-2756793
Organization Overview
Afr Foundation Inc is located in Braselton, GA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. 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 06/2022, Afr Foundation Inc generated $5.3k 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 (5.8%) each year. All expenses for the organization totaled $8.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Rees Director | 10 | $0 | |
Gabriele Garcia Erickson Treasurer Director | 1 | $0 | |
Nicole Smith Bennink Secretary Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,606 |
| Capital Gain Net Income | $3,606 |
| Net ST Capital Gain | $151 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,259 |
| 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 | $0 |
| Total operating and administrative expenses | $1,385 |
| Contributions, gifts, grants paid | $7,000 |
| Total expenses and disbursements | $8,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$246 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,204 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $48,958 |
| Accounts payable and accrued expenses | $132 |
| 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 | $132 |
Grants Awarded
Over the last fiscal year, Afr Foundation Inc has awarded $4,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Watkinsville, GA PURPOSE: TO FURTHER TAX EXEMPT PURPOSE | $2,250 |
THUMBS UP MISSION PURPOSE: TO FURTHER TAX EXEMPT FUNCTION | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
Slam Foundation Inc Miami, FL | $8,480,329 | $6,817,017 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Healthmpowers Inc Norcross, GA | $4,830,831 | $6,606,779 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Innovative Education Partnership Corporation Maryville, TN | $1,869,912 | $5,283,927 |
Association For The Advancement Of Education Inc Saxapahaw, NC | $14,393,237 | $5,390,894 |
Renaissance Learning Center Inc Jupiter, FL | $2,830,246 | $5,315,115 |