Amt Foundation
- Assets
- $2.7m
- Revenue
- $63.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Minden, NV
- Founding
- 03/2011
- Data as of
- 11/2023
- EIN
- 27-4363969
Organization Overview
Amt Foundation is located in Minden, NV. The organization was established in 2011. 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. Amt 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 11/2023, Amt Foundation generated $63.5k in total revenue. All expenses for the organization totaled $199.4k during the year ending 11/2023. While expenses have increased by 9.7% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT EDUCATIONS IN MEDICAL,BIOLOGICAL AND ENGINEERING FIELDS;SUPPORT CERAMIC WORK OF ARTS (CERAMIC MUSEUM);SUPPORT OTHER CHARITABLE ORGANIZATIONS SUPPORT AND HONOR AMERICAN HERITAGE AVIATION BY RESTORING,MAINTENING ADN EDUCATIONAL PRESENTING VINTAGE AIRCRAFT;TISSUE BANK DEVELOPMENT FOR EDUCATION AND SCIENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ping Luo CEO | 20 | $0 | |
Frank Fang General Manager | 10 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,201 |
| Dividends & Interest | $6,288 |
| 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 | $10,006 |
| Total Revenue | $63,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $7,460 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,224 |
| Depreciation | $85,344 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,465 |
| Printing and publications | $0 |
| Other expenses | $72,116 |
| Total operating and administrative expenses | $190,526 |
| Contributions, gifts, grants paid | $8,851 |
| Total expenses and disbursements | $199,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,181 |
| Savings and temporary cash investments | $1,916,294 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $32,687 |
| Other assets | $694,554 |
| Total assets | $2,720,716 |
| 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 | $35,220 |
| Other liabilities | $0 |
| Total liabilities | $35,220 |
Grants Awarded
Over the last fiscal year, Amt Foundation has awarded $8,851 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAGOS INSTITUTE OF PREACHING & BIBLE EXPOSITION PURPOSE: CHARITABLE | $3,300 |
FOUNDATION OF ART-CULTURE-FRANCE-CHINESE INTERNATIONAL ENDOWMENT PURPOSE: CHARITABLE | $5,551 |