Afsnc Inc
- Assets
- $3.0m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 46-1723968
Organization Overview
Afsnc Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afsnc 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 12/2021, Afsnc Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 16.2% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT BUSINESSES & GOVERNMENT LEADERS TO ISRAELI IDEAS, TECHNOLOGIES, AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT-MAKING TO ISRAELI ORGANIZATIONS IN SUPPORT OF PROJECTS AS LISTED ON SCHEDULE F, PART II, 1(D).
EDUCATIONAL EVENTS AND GENERAL OUTREACH TO ENGAGE YOUNG LEADERS OF THE CHRISTIAN AND JEWISH FAITHS IN SUPPORT OF THEIR FAITH-BASED CONNECTION.
FOSTERING RELATIONSHIPS AND COLLABORATION BETWEEN ISRAELI SOCIAL ENTREPRENEURS AND INTERNATIONAL PARTNERS IN BUSINESS AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Kaplan Director/secretary | OfficerTrustee | 5 | $0 |
Terry Kassel Vice Chairman/vice Preside | OfficerTrustee | 5 | $0 |
Paul E Singer Chairman/president | OfficerTrustee | 5 | $0 |
James R Ledley Director/vice President | OfficerTrustee | 5 | $0 |
Joshua L Levine Director/treasurer | OfficerTrustee | 5 | $0 |
Michele Packman Vice President | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pbfg Cpt Llc Consultant For The Charitable Mission | 12/30/21 | $294,965 |
Lowenstein Sandler Llp Consultant For The Charitable Mission | 12/30/21 | $370,171 |
Iip Impact Partners Ltd Consultant For The Charitable Mission | 12/30/21 | $280,395 |
Israel Kehat Consultant For The Charitable Mission | 12/30/21 | $252,960 |
Apc Fielding Lp Consultant For The Charitable Mission | 12/30/21 | $2,590,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,756,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,756,195 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,756,195 |
| 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 | $3,724,639 |
| 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 | $337,355 |
| Fees for services: Accounting | $43,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,967,627 |
| Advertising and promotion | $0 |
| Office expenses | $374 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,445 |
| 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 | $694 |
| All other expenses | $0 |
| Total functional expenses | $8,111,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,779,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $0 |
| 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 | $3,029,853 |
| Accounts payable and accrued expenses | $2,123,738 |
| 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 | $2,123,738 |
| Net assets without donor restrictions | $656,115 |
| Net assets with donor restrictions | $250,000 |
| 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 | $3,029,853 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Afsnc Inc has recieved totaling $3,075,000.
| Awarding Organization | Amount |
|---|---|
William Davidson Foundation Birmingham, MI PURPOSE: GENERAL OPERATING SUPPORT | $2,000,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $1,000,000 |
Jewish Endowment Foundation Metairie, LA PURPOSE: GENERAL OPERATIONAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
Marys Meals Usa Inc Bloomfield, NJ | $3,234,334 | $9,784,357 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Big Heart Foundation Inc Clifton, NJ | $8,754,377 | $8,531,455 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |
Metro World Child Foundation Inc Brooklyn, NY | $2,538,697 | $8,020,281 |
World Spiritual Awareness Forum Inc Roslyn Heights, NY | $803,724 | $7,990,339 |
Refugepoint Inc Boston, MA | $13,622,053 | $13,092,298 |
Albanian-American Development Foundation New York, NY | $216,065,025 | $9,264,607 |