Affecto Foundation EIN 83-1817238 Form 990 (PDF) Claim this org

Affecto Foundation FY2023 filing

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Provides education scholarships and mentorship to help less privileged individuals access education and social welfare. For fiscal year 2023 it reported $29K in revenue, $25K in expenses.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Sherman Oaks, CA
Filings
7 on file (2018–2023)
Revenue
$29KFY2023
Expenses
$25K
Net assets
$0
People
1
Filings
7
Updates
0
More identity details & actions ⌄
EIN  83-1817238 Public charity (501(c)(3)) Sherman Oaks, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Provides education scholarships and mentorship to help less privileged individuals access education and social welfare.
Leadership
Justine O Among'a · Agent for Service Proc
Money in and out
$29K revenue, $25K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$25K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Surplus margin
+15%
revenue over expenses, this year
Revenue trend
-2%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$29K
FY2023▼ -73%
Expenses
$25K
FY2023
Total assets
$0
FY2023
Total liabilities
$0
FY2023
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$25K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAffecto Foundation
EINHdr · item D83-1817238
Principal addressHdr · item CSherman Oaks, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B12)
Ruling yearIRS BMFOct 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Agent for Service Proc
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $25K of program spending, described in the organization's own filed words · FY2023.
01

Assisting need but bright students acquire a secondary school educatio by providing tuition fees and mentorship programs to empower and equip them for the market place

$25Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$29K
Total revenueLn 12$29K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$25K
Total functional expensesLn 25$25K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $25K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $25K · Total expenses $25K
100%
Management & General
Management & general $0 · Total expenses $25K
0%
Fundraising
Fundraising $0 · Total expenses $25K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $29K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $29K · Total revenue $29K
100%
Government reliance
Government grants — · Total revenue $29K
Earned-income share
Program service revenue $0 · Total revenue $29K
0%
Investment reliance
Investment income $0 · Total revenue $29K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $25K
0%
Growth & trend
Revenue growth (YoY)
This year $29K · Prior year $109K
-73%
Revenue CAGR
FY2018 $33K · FY2023 $29K
-2%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29K · Expenses $25K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Justine O Among'a · Reported title AGENT FOR SERVICE PROC · Highest reported compensation $0 · Total expenses $25K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $25K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -73%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$30K revenue · ⤓ 990 PDF
FY2024$16K revenue · ⤓ 990 PDF
FY2023$29K revenue · viewing · ⤓ 990 PDF
FY2022$109K revenue · ⤓ 990 PDF
FY2021$121K revenue · ⤓ 990 PDF
FY2020— revenue · ⤓ 990 PDF
FY2019not on file
FY2018$33K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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