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Afsnc Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461723968 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Afsnc Inc?

Afsnc Inc, established in 2012, is a New York-based nonprofit organization located at 40 West 57th Street, 26th Floor, New York, NY 10019. Their primary mission involves connecting businesses and government leaders with Israeli ideas, technologies, and innovations. By doing so, they aim to assist these entities in overcoming their most pressing challenges. Afsnc Inc also extends its support through grant-making to Israeli organizations, specifically for projects listed in Schedule F, Part II, 1(D).

What are the reviews and ratings of this charity?

**Charity Navigator Rating: 83% (Three-Star out of Four Stars)**

AFSNC Inc has earned a Three-Star rating from Charity Navigator, which reflects a strong commitment to accountability and finance, scoring 83% in this category. The organization's score is based solely on its financial health, governance practices, and transparency, highlighting its effectiveness in managing resources. Notably, AFSNC Inc demonstrates solid governance with a fully independent board and no material diversion of assets.

While the financial metrics indicate strengths, the organization faced limitations in areas related to leadership and adaptability, culture and community, and impact measurement, as these categories are not currently scored. Additionally, there are missing elements, such as the availability of its tax form on its website, which could enhance transparency further.

User reviews from GreatNonprofits are not available. Therefore, a broader public sentiment cannot be assessed at this time. Overall, AFSNC Inc appears to maintain sound financial practices, which may appeal to potential donors, while still needing to enhance certain aspects of its overall operational transparency.


This AI summary has been generated from information found on Charity Navigator.

Is Afsnc Inc legitimate?

Afsnc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Afsnc Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Afsnc Inc?

Afsnc Inc, established in 2012, serves as a bridge connecting businesses and government leaders with Israeli ideas, technologies, and innovations. Their mission is to assist these entities in addressing their most pressing challenges. The organization accomplishes this by providing grant support to Israeli organizations, as outlined in their Schedule F, Part II, 1(D). In essence, Afsnc Inc facilitates the exchange of innovative solutions between international entities and Israeli organizations.

Who is the CEO of Afsnc Inc?

Michele Packman is the Chairman/President of Afsnc Inc.

What is the revenue of Afsnc Inc?

Afsnc Inc's revenue in 2022 was $10,925,000.

Who are the executives of Afsnc Inc and what are their salaries?

There 6 volunteers at Afsnc Inc.


Here are 6 key members and their salaries:


Paul E Singer (Chairman/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James R Ledley (Director/Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua L Levine (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myron Kaplan (Director/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Kassel (Vice Chairman/Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Packman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Afsnc Inc?

Afsnc Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Afsnc Inc

Afsnc Inc, established in 2012, is a nonprofit organization with a mission to bridge the gap between businesses and government leaders and Israeli ideas, technologies, and innovations. The primary objective of Afsnc Inc is to assist these entities in overcoming their most pressing challenges. To achieve this, the organization provides grant funding to Israeli organizations for projects listed under Schedule F, Part II, 1(D). By doing so, Afsnc Inc facilitates the exchange and implementation of cutting-edge ideas and solutions that can potentially transform the operations and outcomes of the connected entities.

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Impact




July, 2024

Afsnc Inc's impact lies in connecting businesses and government leaders to Israeli ideas, technologies, and innovation to help solve their most pressing challenges. Through grant-making to Israeli organizations in support of specific projects, Afsnc Inc facilitates the exchange of innovative solutions that can potentially drive progress and transformation in various sectors. By fostering these connections and collaborations, Afsnc Inc contributes to the advancement of international partnerships and the sharing of expertise that can ultimately lead to positive outcomes and advancements in business and government practices.




This information is meant to be a general summary of Afsnc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$10,925,000 (2022)
Expenses
$7,387,619 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $10,925,000

Assets and Liabilities:

  • Total Assets: $4,591,708
  • Total Liabilities: $148,212
  • Net Assets: $4,443,496

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Organization Details

Founding Year

2012

Principal Officer

Michele Packman

Main Address

40 WEST 57TH STREET 26TH FLOOR, NEW YORK, NY, 10019

NTEE Category

Code: Q33 - International

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