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Asm Global Acts Foundation FY2023 filing

Tax-deductible

Conshohocken, PA501(c)(3)Foundations & GrantmakersEIN 87-4214601

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Asm funds an undergraduate students sholarship program, the Asm Global stars program.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 2
filings with a surplus
Average surplus $89K a year · 31% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
+31% vs prior year
Spent
$157K
To programs
82%
Net assets
$172K
By yearFY2022–FY2024
Revenue
$235K
FY2023▲ +31%
Revenue by fiscal year
FY2022$180K
FY2023$235K
FY2024$349K
Expenses
$157K
FY2023
Expenses by fiscal year
FY2022Not on file
FY2023$157K
FY2024$249K
Net assets
$172K
FY2023▲ +84%
Net assets by fiscal year
FY2022$94K
FY2023$172K
FY2024$272K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Jul 2022.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $129K Management & general 18% · $28K

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
Shauna Elvin
President
$0Pt VII · Sec A
Bruce Hanson
Secretary
$0Pt VII · Sec A
Ann Svoboda
Treasurer
$0Pt VII · Sec A
Bryan Crowe
Director
$0Pt VII · Sec A
John Page
Director
$0Pt VII · Sec A
Alex Merchan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Freyja Handy
Director
$0Pt VII · Sec A
See Asm Global Acts Foundation 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

Provides scholarships and career development opportunities to undergraduate students from diverse, under-resourced communities across the United States.

Provided by the organization

This section is blank until Asm Global Acts Foundation claims this page.

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1 program service account for $129K of program spending, described in the organization's own filed words · FY2023.
01

Asm Global Stars Scholarship Program

Provides students in diverse and under-resourced communities across the U.S. With educational and career development opportunities. In 2023, the program granted scholarship awards to 50 students, totaling $118,522.

$129Kprogram expense

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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 · 2 grants · $358K · 2023–2024
Scholarship America INCMN · FY2024$239,322
Scholarship America INCMN · FY2023$118,522

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$235K
Money outPt IX
$157K
Ln 25
Programscol B$129K
Managementcol C$28K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$23K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$235K
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$195K
Cash and savings togetherLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$23K
Net assetsLn 32$172K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$94K$195K
Total assetsLn 16$94K$195K
LiabilitiesLn 26$0$23K
Net assetsLn 32$94K$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$129K$129K
Legal feesLn 11b$520$520
Other fees for servicesLn 11g$26K$26K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$157K$129K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $349K$249K$100K$272K 990 PDF
FY2023 Viewing $235K$157K$78K$172K 990 PDF
FY2022 $180K$94K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $235,325 across 3 lines filed
VIII-1f All other contributions, gifts and grants$235,325
VIII-1h Total contributions, gifts and grants$235,325
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$235,325
Part IX · Statement of functional expenses $156,827 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $128,929$128,929
IX-11b Legal feesManagement $520$520
IX-11g Other fees for servicesManagement $25,916$25,916
IX-24 Other expenses (24a–d)Management $1,462$1,462
IX-25 Total functional expensesPrograms $128,929 · Management $27,898 · Fundraising $0$156,827
Part X · Balance sheet $195,267 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $93,644$195,267
X-16 Total assetsStart of year $93,644$195,267
X-25 Other liabilitiesStart of year $0$23,125
X-26 Total liabilitiesStart of year $0$23,125
X-27 Net assets without donor restrictionsStart of year $93,644$172,142
X-32 Total net assets or fund balancesStart of year $93,644$172,142
X-33 Total liabilities and net assetsStart of year $93,644$195,267
Part XI · Reconciliation of net assets $172,142 net assets at year end
XI-1 Total revenue$235,325
XI-2 Total expenses$156,827
XI-3 Revenue less expenses$78,498
XI-4 Net assets at start of year$93,644
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$172,142

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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