Avixa Foundation Inc
- Assets
- $1.6m
- Revenue
- $56.0k
- Investments
- $161.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2521416
Organization Overview
Avixa Foundation Inc is located in Fairfax, VA. The organization was established in 2019. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avixa 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AVIXA FOUNDATION, INC. IS CHARTERED TO SUPPORT AND IMPROVE THE AUDIOVISUAL COMMUNICATIONS INDUSTRY THROUGH EDUCATION AND RESEARCH. PRIMARY ACTIVITIES INCLUDE WORKFORCE DEVELOPMENT AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY ACTIVITIES INCLUDE WORKFORCE DEVELOPMENT AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominic Screnci President | OfficerTrustee | 1 | $0 |
Gregory Feehan CFO | Officer | 1 | $0 |
Sarah Joyce Executive Director | Officer | 1 | $0 |
Alexis Bryant La Broi Director | Trustee | 1 | $0 |
Tobias Lang Director | Trustee | 1 | $0 |
Sherri Beck 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 | $416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416 |
| Total Program Service Revenue | $0 |
| Investment income | $56,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,219 |
| 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 | $7,311 |
| 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 | $4,596 |
| Fees for services: Other | $0 |
| Advertising and promotion | $96 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $975 |
| 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 | $41,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,115 |
| Savings and temporary cash investments | $0 |
| 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 | $1,599,595 |
| Investments—other securities | $161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,612,871 |
| 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 | $53,693 |
| Total liabilities | $53,693 |
| Net assets without donor restrictions | $136,610 |
| Net assets with donor restrictions | $1,422,568 |
| 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 | $1,612,871 |
Endowment Analysis
| Beg. Balance | $1,251,034 |
| Earnings | $172,511 |
| Admin Expense | $24,028 |
| Ending Balance | $1,399,517 |
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