Ambient Funding Corp
- Assets
- $797.2k
- Revenue
- $503.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Airmont, NY
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 90-0846328
Organization Overview
Ambient Funding Corp is located in Airmont, NY. The organization was established in 2014. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Ambient Funding Corp 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT FOR PASCACK VALLEY LEARNING CENTER, A PRIVATE RELIGIOUS SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT PASCACK VALLEY LEARNING CENTER THROUGH VARIOUS FUNDRAISING ACTIVITIES AND CAMPUS STORES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Emtage President/director Through 11/8/21 | OfficerTrustee | 3 | $0 |
Arne Ewing Secretary/president Through 11/8/21 | OfficerTrustee | 5 | $0 |
Vern Macgregor Treasurer | OfficerTrustee | 5 | $0 |
Mark Druckenmiller Secretary Through 11/8/21 | OfficerTrustee | 2 | $0 |
Jerry Walker Director | Trustee | 5 | $0 |
Randy Walker Director | Trustee | 5 | $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 | $40,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,979 |
| Total Program Service Revenue | $0 |
| 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 | $456,901 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $503,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,022 |
| 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 | $0 |
| Advertising and promotion | $4,041 |
| Office expenses | $19,596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,255 |
| 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 | $35,213 |
| Insurance | $2,545 |
| All other expenses | $2,063 |
| Total functional expenses | $370,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,137 |
| Savings and temporary cash investments | $30,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,831 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,078 |
| Prepaid expenses and deferred charges | $20,116 |
| Net Land, buildings, and equipment | $73,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,531 |
| Total assets | $797,238 |
| Accounts payable and accrued expenses | $52,646 |
| 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 | $13,842 |
| Total liabilities | $66,488 |
| Net assets without donor restrictions | $0 |
| 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 | $730,750 |
| Total liabilities and net assets/fund balances | $797,238 |
Grants Awarded
Over the last fiscal year, Ambient Funding Corp has awarded $162,898 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PASCACK VALLEY LEARNING CENTER DBA ONESCHOOL GLOBAL NEW YORK PURPOSE: TO SUPPORT PASCACK VALLEY LEARNING CENTER THROUGH VARIOUS FUNDRAISING ACTIVITIES. | $25,720 |
NATIONAL ASSISTANCE FOUNDATION (NAF) PURPOSE: TO SUPPORT PASCACK VALLEY LEARNING CENTER PASSED THROUGH NAF (GLOBAL FUNDRAISING ORGANIZATION FOR BRETHREN ENTITIES) | $137,178 |