Airport Minority Advisory Council Educational & Scholarship Prog Inc
- Assets
- $452.4k
- Revenue
- $332.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 54-1873905
Organization Overview
Airport Minority Advisory Council Educational & Scholarship Prog Inc, operating under the name Amac-Esp, is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Amac-Esp 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, Amac-Esp generated $332.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $207.1k during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL & SCHOLARSHIP PROGRAM, INC. ("AMAC FOUNDATION") IS A NON-PROFIT ORGANIZATION FOUNDED IN 1997 FOR THE FOLLOWING PURPOSES: (1) TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGES AND UNIVERSITIES OR OTHER EQUIVALENT LEVEL EDUCATIONAL PROGRAMS IN THE FIELD OF AVIATION AND AIRPORT MANAGEMENT BY MAKING GRANTS, DISTRIBUTIONS AND PROVIDING OTHER FORMS OF ASSISTANCE TO INDIVIDUALS AND OTHER NON-PROFIT ORGANIZATIONS IN SUPPORT OF SUCH PURPOSE. (2) TO PREPARE, PROMOTE, PUBLISH AND DISTRIBUTE EDUCATIONAL MATERIALS; CONDUCT EDUCATIONAL FORUMS AND SEMINARS; CONDUCT EDUCATIONAL RESEARCH AND ESTABLISH AN EDUCATIONAL DATA BANK FOR INTERESTED MEMBERS OF THE GENERAL PUBLIC ON AIR TRANSPORTATION, AIRPORTS AND AIRPORT FACILITIES MANAGEMENT. (3) TO ENGAGE IN ANY AND ALL OTHER LAWFUL CHARITABLE ACTIVITIES INCIDENTAL TO, AND IN PURSUIT OF, THE FOREGOING PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING SCHOLARSHIPS; CONDUCTING EDUCATIONAL FORUMS, SEMINARS, AND RESEARCH; AND EDUCATING THE FUTURE TALENT POOL ON AIR TRANSPORTATION, AIRPORTS, AIRPORT OPERATIONS AND FACILITIES MANAGEMENT.
OFFERING SCHOLARSHIPS; CONDUCTING EDUCATIONAL FORUMS, SEMINARS, AND RESEARCH; AND EDUCATING THE FUTURE TALENT POOL ON AIR TRANSPORTATION, AIRPORTS, AIRPORT OPERATIONS AND FACILITIES MANAGEMENT.
THE CELEBRATING WOMEN IN AVIATION (CWIA) BREAKFAST IS AN ANNUAL EVENT THAT HIGHLIGHTS DYNAMIC WOMAN WHO HAVE MADE GREAT CONTRIBUTIONS IN THE AVIATION INDUSTRY.
AMAC FOUNDATION HOSTS PROJECT LIFT EVENTS THROUGHOUT THE YEAR AND DURING THE ANNUAL AMAC AIRPORT BUSINESS DIVERSITY CONFERENCE. THIS FORUM-STYLE MENTORING SESSION IS HELD FOR STUDENTS INTERESTED IN FIELDS RELATED TO AVIATION AND AVIATION-RELATED BUSINESS. PROJECT LIFT EXPOSES STUDENTS TO POTENTIAL CAREERS, EDUCATIONAL PATHS TO SUCCESS AND PROVIDES NETWORKING OPPORTUNITIES WITH PROFESSIONAL MENTORS TO FURTHER STUDENTS' ACADEMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Barry Director | Trustee | 1 | $0 |
Regina Brown Director | Trustee | 1 | $0 |
Sean Fitzgerald Director | Trustee | 1 | $0 |
Andres Garcia Director | Trustee | 1 | $0 |
Dawn Hunter Chair | OfficerTrustee | 2 | $0 |
Cleve Dunn Jr Director | 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 | $106,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,074 |
| Total Program Service Revenue | $109,590 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $117,208 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,500 |
| 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 | $18,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,657 |
| Advertising and promotion | $4,725 |
| Office expenses | $93 |
| Information technology | $116 |
| Royalties | $0 |
| Occupancy | $4,559 |
| Travel | $8,896 |
| 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 | $643 |
| All other expenses | $59 |
| Total functional expenses | $207,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,062 |
| Savings and temporary cash investments | $31,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,000 |
| 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 | $4,871 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $148,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,006 |
| Total assets | $452,407 |
| Accounts payable and accrued expenses | $66,991 |
| Grants payable | $0 |
| Deferred revenue | $43,700 |
| 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 | $110,691 |
| Net assets without donor restrictions | $250,876 |
| Net assets with donor restrictions | $90,840 |
| 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 | $452,407 |