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Nonprofiteer
← AMERICAN AGAPE FOUNDATION INC

Form 990 for tax year 2025

Filed by AMERICAN AGAPE FOUNDATION INC.

Totals

Total revenue
$1,086,080
Total expenses
$120,908
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,086,080
Other revenue
$0
Total assets, end of year
$60,676,781
Total liabilities, end of year
$59,184,501
Net assets or fund balances, end of year
$1,492,280
Program services expenses (Part IX)
$120,908
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$120,908

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,086,080 · excluded $1,086,080

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $120,908 · program services $120,908

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $363 · end of year $363

  • 2 · Savings and temporary cash investments

    beginning of year $282,841 · end of year $258,404

  • 4 · Accounts receivable

    end of year $12,403

  • 5 · Loans and receivables from officers and key people

    end of year $248,140

  • 10a · Land, buildings and equipment: cost or other basis

    $41,564,003

  • 10b · Land, buildings and equipment: accumulated depreciation

    $161,211

  • 10c · Land, buildings and equipment, net

    beginning of year $7,346,526 · end of year $41,402,792

  • 15 · Other assets

    beginning of year $36,231,648 · end of year $18,754,679

  • 17 · Accounts payable and accrued expenses

    beginning of year $334,270 · end of year $334,268

  • 20 · Tax-exempt bond liabilities

    beginning of year $37,690,000 · end of year $37,690,000

  • 23 · Secured mortgages and notes payable

    beginning of year $5,310,000 · end of year $21,160,233

  • 27 · Net assets without donor restrictions

    beginning of year $527,108 · end of year $1,492,280

Mission and programs · 2025

Mission

CONSTRUCT A MULTIPURPOSE SPORTS COMPLEX AND PROVIDE SOCIAL SERVICE SUPPORT FOR YOUTH SPORTS.

  • CONSTRUCT A MULTIPURPOSE SPORTS COMPLEX AND PROVIDE SOCIAL SERVICE SUPPORT FOR YOUTH SPORTS.

    Expenses $120,908

As filed on the 2025 return.

Listed in Part VII

  • Sherry Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Cherry Rocha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Starr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Matthew Starr

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ACSS-KINGS PARK LLC

    CONSRUCT · NY

Provenance

Return type
form_990
Tax year
2025
Filed
16 June 2026
IRS schema version
2025v4.0
Source object
202611949349301096

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