Action For Enterprise Inc
- Assets
- $311.1k
- Revenue
- $347.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Arlington, VA
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 54-1600897
Organization Overview
Action For Enterprise Inc is located in Arlington, VA. The organization was established in 1992. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Action For Enterprise Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Action For Enterprise 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 12/2023, Action For Enterprise Inc generated $347.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $550.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AFE CONDUCTS ECONOMIC DEVELOPMENT PROGRAMS IN DEVELOPING COUNTRIES WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS DEVELOPED STATE-OF-THE-ART TRAINING PROGRAMS, IMPLEMENTED CUTTING EDGE FIELD PROGRAMS, AND PROVIDED TECHNICAL SUPPORT TO PROGRAMS THROUGHOUT AFRICA AND ASIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Lusby Executive Dir. | OfficerTrustee | 40 | $184,830 |
Elsie Walker Director | Trustee | 1 | $0 |
Robert Delamarre Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $338,161 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,161 |
| Total Program Service Revenue | $0 |
| Investment income | $8,960 |
| 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 | $347,121 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,830 |
| Compensation of current officers, directors, key employees. | $6,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,338 |
| Pension plan accruals and contributions | $22,017 |
| Other employee benefits | $0 |
| Payroll taxes | $15,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,514 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,773 |
| Travel | $48,540 |
| 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 | $31,427 |
| All other expenses | $250 |
| Total functional expenses | $550,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,936 |
| Savings and temporary cash investments | $244,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,305 |
| 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 | $6,468 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,871 |
| Total assets | $311,071 |
| Accounts payable and accrued expenses | $26,345 |
| 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 | $7,060 |
| Total liabilities | $33,405 |
| Net assets without donor restrictions | $277,666 |
| 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 | $311,071 |