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Nonprofiteer
← AAM FOUNDATION

Form 990 for tax year 2023

Filed by AAM FOUNDATION.

Totals

Total revenue
$11,092,064
Total expenses
$7,429,342
Contributions and grants received
$11,012,286
Grants paid
$650,922
Program service revenue
$0
Investment income
$78,369
Other revenue
$1,409
Total assets, end of year
$7,871,519
Total liabilities, end of year
$459,385
Net assets or fund balances, end of year
$7,412,134
Program services expenses (Part IX)
$6,596,891
Management and general expenses
$832,451
Fundraising expenses
$0
Program service expenses (Part III)
$6,596,891

Program services were 88.8% 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.

  • 1f · All other contributions, gifts and grants

    $11,012,286

  • 3 · Investment income

    total $78,369 · excluded $78,369

  • 11a · Other revenue: SALE OF SCRAP

    total $1,409 · excluded $1,409

  • 11e · Other revenue, total

    $1,409

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $650,922 · program services $650,922

  • 5 · Compensation of officers, directors and key employees

    total $12,158 · management and general $12,158

  • 7 · Other salaries and wages

    total $3,796,477 · program services $3,684,837 · management and general $111,640

  • 10 · Payroll taxes

    total $367,410 · program services $268,954 · management and general $98,456

  • 11a · Fees: management

    total $28,059 · program services $1,285 · management and general $26,774

  • 11c · Fees: accounting

    total $15,005 · management and general $15,005

  • 11g · Fees: other

    total $778 · management and general $778

  • 12 · Advertising and promotion

    total $258 · program services $258

  • 13 · Office expenses

    total $36,436 · program services $6,379 · management and general $30,057

  • 16 · Occupancy

    total $674,487 · program services $674,487

  • 17 · Travel

    total $286,757 · program services $8,209 · management and general $278,548

  • 22 · Depreciation, depletion and amortization

    total $1,034,308 · program services $827,446 · management and general $206,862

  • 24a · Other expenses: CLEANING AND MAINTENANC

    total $187,624 · program services $183,374 · management and general $4,250

  • 24b · Other expenses: TELEPHONE & INTERNET CH

    total $112,950 · program services $111,370 · management and general $1,580

  • 24c · Other expenses: REPAIRS

    total $111,777 · program services $107,742 · management and general $4,035

  • 24d · Other expenses: UTILITIES

    total $82,369 · program services $71,628 · management and general $10,741

  • 24e · All other expenses

    total $31,567 · management and general $31,567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $828,047 · end of year $2,695,034

  • 7 · Other notes and loans receivable

    beginning of year $16,127 · end of year $29,239

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,504 · end of year $1,113

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

    $7,613,707

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

    $2,492,166

  • 10c · Land, buildings and equipment, net

    beginning of year $3,372,593 · end of year $5,121,541

  • 15 · Other assets

    beginning of year $28,494 · end of year $24,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $357,181 · end of year $459,385

  • 29 · Capital stock, trust principal or current funds

    beginning of year $7,115 · end of year $7,017

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,892,469 · end of year $7,405,117

Mission and programs · 2023

Mission

ADVANCING YOUNG PEOPLE FROM POVERTY TO EMPOWERMENT IS THE PRIMARY FOCUS OF AAM FOUNDATION.

Activities or mission (Part I)

ADVANCING YOUNG PEOPLE FROM POVERTY TO EMPOWERMENT IS THE PRIMARY FOCUS OF AAM FOUNDATION. THE SCHOOL'S PRIMARY CHARITABLE ACTIVITY IS EDUCATION AND ALLEVIATING POVERTY. THE SCHOOL PROVIDES FORMAL INSTRUCTION AND IS FREE TO ALL STUDENTS WHO ATTEND. THE SCHOOL IS A ONE-YEAR INTENSIVE SECONDARY AND POST-SECONDARY EDUCATIONAL PROGRAM DESIGNED FOR YOUTH BETWEEN THE AGES OF 15 TO 27 YEARS OF AGE. THE CURRICULUM OF THE SCHOOL FOCUSES ON BUILDING SKILLS THAT WILL SUPPORT YOUTH IN SECURING STABLE EMPLOYMENT. THESE INCLUDE ENGLISH LANGUAGE SKILLS AND BASIC BUSINESS SKILLS. THE SCHOOL ALSO MAINTAINS A ROBUST MENTOR PROGRAM TO FURTHER SUPPORT THE SUCCESS OF ITS STUDENTS.

  • THE SCHOOL'S PRIMARY CHARITABLE ACTIVITY IS EDUCATION AND ALLEVIATING POVERTY. THE SCHOOL PROVIDES FORMAL INSTRUCTION AND IS FREE TO ALL STUDENTS WHO ATTEND. THE SCHOOL IS A ONE-YEAR INTENSIVE SECONDARY AND POST-SECONDARY EDUCATIONAL PROGRAM DESIGNED FOR YOUTH BETWEEN THE AGES OF 15-27 YEARS OF AGE.

    Expenses $6,596,891 · Grants $650,922

As filed on the 2023 return.

Listed in Part VII

  • DEEPAK CHOPRA

    TRUSTEE AND CEO

    Total calculated
    $0
    Hours/week
    30

  • SANDEEP CHOPRA

    TRUSTEE AND CFO

    Total calculated
    $0
    Hours/week
    5

  • PRADEEP JAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PRATIVA BHUTIA

    TRUSTEE

    Total calculated
    $12,158
    From this org
    $0
    From related orgs
    $0
    Other
    $12,158
    Hours/week
    40

  • SIVAGNANAM SIVARAMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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.

  • AAM FOUNDATION

    501(C)(3) · ADVANCING YOUNG PEOPLE FROM POVERTY TO EMPOWERMENT THROUGH EDUCATION · CA

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202540499349300304

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