Aax Insurance Education Foundation Inc
- Assets
- $426.3k
- Revenue
- -$4.9k
- Investments
- $405.5k
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 46-1962014
Organization Overview
Aax Insurance Education Foundation Inc is located in Springfield, MA. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Aax Insurance Education 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.
Since 2016, Aax Insurance Education Foundation Inc has awarded 53 individual grants totaling $320,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Todd President/director | 0.75 | $0 | |
Brian Martin Treasurer/director | 0.75 | $0 | |
Adam Goetz Clerk/director | 0.75 | $0 | |
Michael P Ryan Director | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,843 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$4,941 |
| 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 | $4,537 |
| Total operating and administrative expenses | $12,312 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $57,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,474 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $407 |
| Total assets | $426,345 |
| 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, Aax Insurance Education Foundation Inc has awarded $45,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GILMAN FUND FOR FINANCIAL AID PURPOSE: EDUCATE BOYS IN MIND, BODY AND SPIRIT THROUGH PARTICULAR EMPHASIS UPON ACADEMIC EXCELLENCE, ATHLETIC PARTICIPATION AND AESTHETIC APPRECIATION. | $15,000 |
NORTH ALLEGHENY BOYS VOLLEYBALL BOOSTERS PURPOSE: YOUTH SPORTS | $2,500 |
THE GREEN HOUSE PROJECT PURPOSE: GHP PARTNERS WITH ORGANIZATIONS, ADVOCATES, AND COMMUNITIES TO LEAD THE TRANSFORMATION OF INSTITUTIONAL LONG-TERM AND POST-ACUTE CARE BY CREATING VIABLE HOMES THAT DEMONSTRATE MORE POWERFUL, MEANINGFUL, AND SATISFYING LIVES, WORK, AND RELATIONSHIPS. | $11,500 |
WOMEN'S CENTER AND SHELTER OF GREATER PITTSBURGH PURPOSE: WOMEN'S CENTER & SHELTER OFFERS HELP, HEALING, AND HOPE TO ADULTS & CHILDREN EXPERIENCING DOMESTIC VIOLENCE. | $10,000 |
NORTH ALLEGHENY CROSS COUNTRY BOOSTERS PURPOSE: YOUTH SPORTS | $2,500 |
BOYS AND GIRLS CLUB OF GREATER DUBUQUE PURPOSE: PROVIDE PROGRAMS FOR DUBUQUE AREA YOUTH TO DEVELOP ESSENTIAL SKILLS | $3,500 |