Afia Foundation INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Health CareEIN 20-3957960Revenue $1.7M in FY2020

On file with the IRSPo Box 20997, 10025-0017 · New York, NYTax-exempt since Mar 2006Supporting organization — 509(a)(3)

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To promote and support initiatives and projects that focus on activities, programs and undertakings that assist individuals with low-income or who are medically unserved or underserved.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $2.6M a year · 121% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$224K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$3.7M
To programs
92%
Net assets
$30.0M
By yearFY2020–FY2024
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.3M
FY2022$3.4M
FY2023$49K
FY2024$3.4M
Expenses
$3.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2021$601K
FY2022$8.7M
FY2023$3.2M
FY2024$7.7M
Net assets
$30.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$30.0M
FY2021$33.3M
FY2022$20.3M
FY2023$20.0M
FY2024$14.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $3.4M Management & general 8% · $289K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Paid by Wfr - See Sch. O
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Paid by Wfr - See Sch. O
$0Pt VII · Sec A
See Afia Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps low-income and medically underserved individuals with programs and projects.

Questions for Afia Foundation INC

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Provided by the organization

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1 program · $3.4M · in their own filed words · FY2020
01

Afia foundation, inc. Provided $3,388,553 to support william f. Ryan community health center, INC.'S and RYAN/CHELSEA-CLINTON community health center, INC.'S purpose of providing high quality health care services to underserved populations.

$3.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 14 grants · $22.5M · 2020–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Investment incomeLn 3$1.6M
Fees for servicesLn 2g$129K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.4M
Managementcol C$289K
Owns and owesPt X
$30.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$30.2M
LiabilitiesLn 26$224K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$129K
Investment incomeLn 3$1.6M
Gains on assetsLn 7$1.1M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$80K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$28.2M
Other assetsLn 15$42K
Total assetsLn 16$30.2M
LiabilitiesLn 26$224K
Net assetsLn 32$30.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.6M$2.0M
InvestmentsLn 11–13$29.4M$28.2M
Total assetsLn 16$31.0M$30.2M
LiabilitiesLn 26$309K$224K
Net assetsLn 32$30.7M$30.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.4M$3.4M
Management feesLn 11a$120K$120K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$140K$140K
Office expensesLn 13$2K$2K
InsuranceLn 23$7K$7K
Total functional expensesLn 25$3.7M$3.4M$289K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.4M$7.7M−$4.3M$14.8M 990 PDF
FY2023 $49K$3.2M−$3.1M$20.0M 990 PDF
FY2022 $3.4M$8.7M−$5.4M$20.3M 990 PDF
FY2021 $2.3M$601K$1.7M$33.3M 990 PDF
FY2020 Viewing $1.7M$3.7M−$2.0M$30.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,691,192 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $148,708$129,461
I-10 Investment incomePrior year $1,693,594$1,561,731
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,842,302$1,691,192
I-13 Grants and similar amounts paidPrior year $963,356$3,388,553
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $314,577$288,610
I-18 Total expensesPrior year $1,277,933$3,677,163
I-19 Revenue less expensesPrior year $564,369−$1,985,971
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,691,192 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $129,461$129,461
VIII-3 Investment incomeExcluded from tax $482,815$482,815
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,078,916$1,078,916
VIII-12 Total revenueRelated to mission $129,461 · Unrelated business $0 · Excluded from tax $1,561,731$1,691,192
Part IX · Statement of functional expenses $3,677,163 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $3,388,553$3,388,553
IX-11a Management feesManagement $120,000$120,000
IX-11b Legal feesManagement $9,545$9,545
IX-11c Accounting feesManagement $10,600$10,600
IX-11f Investment management feesManagement $140,132$140,132
IX-13 Office expensesManagement $1,759$1,759
IX-23 InsuranceManagement $6,574$6,574
IX-25 Total functional expensesPrograms $3,388,553 · Management $288,610 · Fundraising $0$3,677,163
Part X · Balance sheet $30,212,194 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $16,381$79,617
X-2 Savings and temporary cash investmentsStart of year $1,546,177$1,884,288
X-9 Prepaid expenses and deferred chargesStart of year $1,644$1,644
X-11 Publicly traded securitiesStart of year $27,069,746$26,039,899
X-13 Program-related investmentsStart of year $2,320,853$2,164,590
X-15 Other assetsStart of year $49,510$42,156
X-16 Total assetsStart of year $31,004,311$30,212,194
X-17 Accounts payable and accrued expensesStart of year $10,218$10,936
X-18 Grants payableStart of year $298,854$183,186
X-25 Other liabilitiesStart of year $0$29,391
X-26 Total liabilitiesStart of year $309,072$223,513
X-27 Net assets without donor restrictionsStart of year $30,695,239$29,988,681
X-32 Total net assets or fund balancesStart of year $30,695,239$29,988,681
X-33 Total liabilities and net assetsStart of year $31,004,311$30,212,194
Part XI · Reconciliation of net assets $29,988,681 net assets at year end
XI-1 Total revenue$1,691,192
XI-2 Total expenses$3,677,163
XI-3 Revenue less expenses−$1,985,971
XI-4 Net assets at start of year$30,695,239
XI-5 Net unrealized gains (losses) on investments$1,279,413
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,988,681

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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