Agape Foundation Charitable Trust
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 52-2241260
Organization Overview
Agape Foundation Charitable Trust is located in San Jose, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Agape Foundation Charitable Trust 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 12/2022, Agape Foundation Charitable Trust generated $1.6m 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 (7.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Agape Foundation Charitable Trust has awarded 94 individual grants totaling $12,433,125. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF A CLASS OF CHARITIES PROMOTING EDUCATIONAL AND/OR CHRISTIAN ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGAPE PARTNERS WITH 180 DEGREES PROGRAM, LLC, TO PROVIDE PROGRAMS & TRAINING IN SPECIFIC NO. CA PUBLIC SCHOOLS TO DEVELOP SUCCESSFUL LIFESKILLS IN DISADVANTAGED YOUTH. THE PROGRAMS CARRY OUT THE QUALIFIED PURPOSES OF THE 509(A)(3) SUPPORTED ORGANIZATION CLASS WHICH THIS FDN SUPPORTS. 2022 GRANTS TO EASTSIDE UNION HS DISTRICT AND FRANKLIN-MCKINLEY SCHOOL DISTRICT WERE TO COMPENSATE TEACHERS INSTRUCTING DISADVANTAGED YOUTH IN THE 180 DEGREEE PROGRAM.
PROVIDE FUNDS TO YOUNG LIFE MINISTRIES, FOR ITS VARIOUS PROGRAMS, A SUPPORTED ORGANIZATION OF THIS 509(A)(3) SUPPORTING ORGANIZATION.
ADDITIONAL GRANTS TO PROVIDE OPERATING FUNDS FOR 15 ORGANIZATIONS PROVIDING EDUCATION AND CHRISTIAN MINISTRY ACTIVITIES, WHICH IS THE SUPPORTED CLASS OF THIS 509(A)(3) SUPPORTING ORGANIZATION. SEE SCHEDULE A FOR A COMPLETE LIST OF THE GRANTS MADE TO THESE TAX EXEMPT ORGANIZATIONS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Mumford President | OfficerTrustee | 10 | $0 |
David A Seeba Treasurer | OfficerTrustee | 3 | $0 |
JD Mumford Trustee/secty | OfficerTrustee | 1 | $0 |
Kenneth A Eldred Trustee | Trustee | 3 | $0 |
Roberta E Eldred Trustee | Trustee | 1 | $0 |
Clif Davidson Trustee | Trustee | 1 | $0 |
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 | $1,650,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,650,000 |
| Total Program Service Revenue | $0 |
| Investment income | $288 |
| 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 | $1,647,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,483,062 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Fees for services: Accounting | $8,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,491,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $374,273 |
| Pledges and grants receivable | $0 |
| 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 | $964,654 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,338,927 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,338,927 |
| Net assets with donor restrictions | $0 |
| 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 | $1,338,927 |
Grants Awarded
Over the last fiscal year, Agape Foundation Charitable Trust has awarded $1,465,562 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE PURPOSE: GENERAL SUPPORT | $665,000 |
SAMARITAN AVIATION PURPOSE: GENERAL SUPPORT | $10,000 |
EAST SIDE UNION HIGH SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $415,239 |
ALL STARS HELPING KIDS PURPOSE: GENERAL SUPPORT | $50,000 |
HERITAGE ACADEMY PURPOSE: GENERAL SUPPORT | $10,000 |
BOYS AND GIRLS CLUB OF THE PENINSULA PURPOSE: GENERAL SUPPORT | $20,000 |