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← AGAPE NETWORK FOUNDATION INC

Form 990 for tax year 2024

Filed by AGAPE NETWORK FOUNDATION INC.

Totals

Total revenue
$242,379
Total expenses
$232,275
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$242,379
Other revenue
$0
Total assets, end of year
$24,364,696
Total liabilities, end of year
$16,667
Net assets or fund balances, end of year
$24,348,029
Program services expenses (Part IX)
$0
Management and general expenses
$232,275
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $242,379 · related or exempt $242,379

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $232,000 · management and general $232,000

  • 24a · Other expenses: OPERATING SUPPLIES & EX

    total $275 · management and general $275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,605 · end of year $126,796

  • 15 · Other assets

    beginning of year $24,237,900 · end of year $24,237,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,667 · end of year $16,667

  • 25 · Other liabilities

    beginning of year $134,913

  • 27 · Net assets without donor restrictions

    beginning of year $24,337,925 · end of year $24,348,029

Mission and programs · 2024

Mission

TO ASSIST & SUPPORT THE MISSION OF AGAPE NETWORK, RESTORING INDIVIDUALS AND FAMILIES TOPSYCHOLOGICAL, SOCIAL, PHYSICAL, AND SPIRITUAL HEALTH.

Activities or mission (Part I)

TO ASSIST & SUPPORT THE MISSION OF AGAPE NETWORK, RESTORING INDIVIDUALS AND FAMILIES TO PSYCHOLOGICAL, SOCIAL, PHYSICAL, AND SPIRITUAL HEALTH.

  • THE AGENCY IS RELATED TO AGAPE NETWORK INC WHICH OPERATES A COMMUNITY HEALTH CENTER THAT INCLUDES INTEGRATED BEHAVIORAL HEALTHCARE SERVICES. IT HAS NO PROGRAM SERVICE EXPENSES

As filed on the 2024 return.

Listed in Part VII

  • Willy A Bermello

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Melinda Brown-Gonzalez

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Tania Cruz-Gimenez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Lourdes Gimenez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Marianela Hernandez

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Claudio M Perez Hon

    PRESIDENT/CEO

    Total calculated
    $245,002
    From this org
    $0
    From related orgs
    $245,002
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,002 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $245,002 related
  • William W White D Min

    1ST VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Jose E Hernandez D Min

    FOUNDER/BOARD MEMBER

    Total calculated
    $246,941
    From this org
    $0
    From related orgs
    $246,941
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,941 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $246,941 related
  • Paula Bermello

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Roderick Beasley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Shannan Lady Ighodaro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523109349303977

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