Almsgiving Foundation Inc
- Assets
- $477.0
- Revenue
- $86.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4015321
Organization Overview
Almsgiving Foundation Inc is located in Westfield, MA. According to its NTEE Classification (T30) the organization is classified as: Public 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. Almsgiving 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.
For the year ending 12/2023, Almsgiving Foundation Inc generated $86.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $93.8k during the year ending 12/2023. While expenses have increased by 76.4% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALMSGIVING FOUNDATION INC. MISSION IS TO SERVE HOMELESS, LOW-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING SUPPORT AND ENCOURAGEMENT WITH EMERGENCY SUBSISTENCE SERVICES, TRANSITIONAL LIVING FACILITIES AND EMPLOYMENT TRAINING SERVICES TO TRANSFORM LIVES AND BUILD A BETTER FUTURE TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALMSGIVING FOUNDATION WANTS ANYONE WILLING TO SERVE THEIR COMMUNITY TO GET INVOLVED. JOIN US BY EITHER VOLUNTEERING YOUR TIME AND SKILLS, SPONSORING FINANCIALLY, OR PARTNER IN SERVITUDE TO THE MISSION. VOLUNTEERING YOU CAN MAKE A DIFFERENCE WE ARE LOOKING FOR FOLKS WHO CAN SERVE WITH THEIR TIME OR EVEN CRAFT TO HELP IN FUNDRAISING, DELIVERY OF DONATIONS, AND RAISING AWARENESS. THE ALMSGIVING TEAM IS A GROUP OF PEOPLE VOLUNTEERING THEIR TIME AND CONTRIBUTING TO THE VISION AS WELL.MONTHLY PARTNERS ARE AN ESSENTIAL PART OF THIS MISSION.BECAUSE OF YOUR MONTHLY COMMITMENT, LIVES AND COMMUNITIES ARE CHANGED BOTH LOCALLY AND ACROSS THE OCEAN. CONTRIBUTIONS PROVIDE CLOTHING AND FOOD FOR LOCAL HOMELESS PEOPLE IN THE GREATER SPRINGFIELD, MA, AREA. THEY ALSO HELP ESTABLISH A STATE-OF-THE-ART RESOURCE AND COUNSELING CENTER IN MOLDOVA THAT WILL PROVIDE EMERGENCY SUBSISTENCE SERVICES AND COUNSELING FOR STRUGGLING OR ABUSED TEENS AND YOUNG ADULTS. NONE OF THIS WOULD BE POSSIBLE WITHOUT OUR MONTHLY PARTNERS
ALMSGIVING FOUNDATION INC. MISSION IS TO SERVE HOMELESS, LOW-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING SUPPORT AND ENCOURAGEMENT WITH EMERGENCY SUBSISTENCE SERVICES, TRANSITIONAL LIVING FACILITIES AND EMPLOYMENT TRAINING SERVICES TO TRANSFORM LIVES AND BUILD A BETTER FUTURE TOGETHER.THE ALMSGIVING TEAM WANTS TO RAISE AWARENESS ABOUT MISSIONS THAT ARE ALREADY SERVING OUR COMMUNITIES, FIND OPPORTUNITIES TO INCREASE HELP TO THOSE IN NEED, AND IMPROVE THE PROCESS OF DELIVERING THE NECESSARY MATERIALS PEOPLE ARE IN SEARCH OF.WE ARE HAPPY TO SUPPORT PANTRIES AND MINISTRIES ALREADY IN OPERATION IN THE LOCAL AREA. ALMSGIVING CURRENTLY HELPS BETWEEN BRIDGES, HEADED BY PASTOR LARRY, WITH CLOTHING FOR THE HOMELESS AND OTHER VITAL ESSENTIALS.WE PLAN TO BE ESTABLISHED AS A FOOD PANTRY OURSELVES SO THAT WE CAN STREAMLINE YOUR DONATIONS AND HELP DONATION CENTERS KEEP UP WITH DEMAND.ONE OF OUR LONG TERM GOALS, IS TO AQUIRE A TRANSITIONAL LIVING FACILITY FOR RECENTLY EVICTED FAMILIES OR HOMELESS LOOKING FOR A PATHWAY FORWARD TO RECOVER. WE BELIEVE THIS TO BE A POWERFUL RESOURCE FOR THOSE PEOPLE WHO HAVE LOST IT ALL AND NOT SURE HOW TO GET BACK UP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandru Pascal President | Officer | 10 | $0 |
Alona Pascal Treasurer/cl | Officer | 10 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $86,800 |
| Investment income | $0 |
| 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 | $86,800 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,759 |
| 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 | $93,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $477 |
| 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 | $477 |
| 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 | $477 |