Civic Intelligence

Ami Foundation Inc.

990 • Fiscal year 2022 • EIN 11-3676863

Jan 01, 2022 to Dec 31, 2022 • Filed on May 09, 2023

8025 Black Horse Pike 300West Atlantic City, NJ 08232

(609) 653-8240

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.46x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

0.43x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Net Margin

17th percentile

-47%

Higher net margin than 17% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Top Officer Pay

98th percentile

$0

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE T12 • <$500k nonprofits • Source year 2022

Asset Growth

19th percentile

-42%

Faster asset growth than 19% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

62nd percentile

17%

Faster revenue growth than 62% of similar nonprofits.

2022 filings • NTEE T12 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$180,863

Down $129,881 (-42%) from 2021

Net Assets

Down

$98,301

Down $90,730 (-48%) from 2021

Liabilities

Down

$82,562

Down $39,151 (-32%) from 2021

Revenue

Up

$193,740

Up $27,903 (+17%) from 2021

Expenses

Up

$284,470

Up $84,514 (+42%) from 2021

Net Income

Down

-$90,730

Down $56,611 (-166%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $42,955Liabilities 2011: $0Net Assets 2011: $42,9552011Assets 2012: $55,642Liabilities 2012: $0Net Assets 2012: $55,6422012Assets 2013: $51,865Liabilities 2013: $0Net Assets 2013: $51,8652013Assets 2014: $176,975Liabilities 2014: $0Net Assets 2014: $176,9752014Assets 2015: $275,012Liabilities 2015: $0Net Assets 2015: $275,0122015Assets 2016: $320,706Liabilities 2016: $0Net Assets 2016: $320,7062016Assets 2017: $334,521Liabilities 2017: $0Net Assets 2017: $334,5212017Assets 2018: $363,082Liabilities 2018: $0Net Assets 2018: $363,0822018Assets 2019: $541,957Liabilities 2019: $196,715Net Assets 2019: $345,2422019Assets 2020: $382,953Liabilities 2020: $159,803Net Assets 2020: $223,1502020Assets 2021: $310,744Liabilities 2021: $121,713Net Assets 2021: $189,0312021Assets 2022: $180,863Liabilities 2022: $82,562Net Assets 2022: $98,3012022Assets 2023: $114,493Liabilities 2023: $41,851Net Assets 2023: $72,6422023Assets 2024: $41,587Liabilities 2024: $0Net Assets 2024: $41,5872024

Highlighted filing

2022

Assets$180,863
Liabilities$82,562
Net Assets$98,301

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2011: $175,6322011Expenses 2012: $138,5342012Revenue 2013: $119,233Expenses 2013: $123,010Net Income 2013: -$3,7772013Revenue 2014: $301,055Expenses 2014: $175,945Net Income 2014: $125,1102014Revenue 2015: $294,131Expenses 2015: $196,094Net Income 2015: $98,0372015Revenue 2016: $215,872Expenses 2016: $170,178Net Income 2016: $45,6942016Revenue 2017: $176,264Expenses 2017: $162,449Net Income 2017: $13,8152017Revenue 2018: $215,629Expenses 2018: $187,068Net Income 2018: $28,5612018Revenue 2019: $234,113Expenses 2019: $251,953Net Income 2019: -$17,8402019Revenue 2020: $113,970Expenses 2020: $236,062Net Income 2020: -$122,0922020Revenue 2021: $165,837Expenses 2021: $199,956Net Income 2021: -$34,1192021Revenue 2022: $193,740Expenses 2022: $284,470Net Income 2022: -$90,7302022Revenue 2023: $188,685Expenses 2023: $214,344Net Income 2023: -$25,6592023Revenue 2024: $179,244Expenses 2024: $210,299Net Income 2024: -$31,0552024

Highlighted filing

2022

Revenue$193,740
Expenses$284,470
Net Income-$90,730
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 9, 2023
Return Version
2022v5.0
Gross Receipts
$284,018
Mission and Program Overview

Mission

Fund raising events to benefit other charitable organizations that support the health and well-being of community residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$206,246$120,903▼ $85,343
Rtn Earn Endowment Incm Other Fnds$189,031$98,301▼ $90,730
Cash and Non-Interest-Bearing Accounts$104,498$59,960▼ $44,538
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$310,744$180,863▼ $129,881
Liabilities
Unsecured Notes Loans Payable$121,713$82,562▼ $39,151
Total Liabilities$121,713$82,562▼ $39,151
Net Assets / Fund Balance
Total Net Assets Fund Balance$189,031$98,301▼ $90,730
Total Liabilities and Net Assets / Fund Balance$310,744$180,863▼ $129,881

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$120,903$405,812$526,715
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$89,918
Program Service Revenue
$48,000
Investment Income
$0
Other Revenue
$55,822
All Other Contributions
$89,918
Change in Net Assets
$-90,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$156,218
Other Expenses$128,252
Total Fundraising Expense$9,311
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$156,218--$156,218
Depreciation Depletion$85,343--$85,343
Other Expenses$30,336--$30,336
Advertising--$8,662$8,662
Interest$3,262--$3,262
Office Expenses--$649$649
Total Functional Expenses$275,159$0$9,311$284,470
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atlanticare FoundationEgg Harbor Township, NJ-General Charitable Contribution$43,500
Boys and Girls Club of Ac IncAtlantic City, NJ-General Charitable Contribution$30,000
American Cancer SocietyAtlanta, GA-General Charitable Contribution$28,328
American Heart AssociationDallas, TX-General Charitable Contribution$26,170
Radiological Society of North AmericaOak Brook, IL-General Charitable Contribution$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$146,100
Fundraising Direct Expenses$90,278
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$83,100$83,100$53,033$30,067
Bingo$39,740$39,740$21,119$18,621
Total Events$146,100$146,100$90,278$55,822
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

There are three trustees who collectively own 13.0435% of two separate partnerships atlantic medical imaging and atlantic radiology professional association.

Form 990, Part VI, Section B, Line 11B

All board members are provided a complete copy of the form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, policies and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Ami Foundation
EIN
11-3676863
Phone
6096538240
Address
8025 BLACK HORSE PIKE 300, WEST ATLANTIC CITY, NJ 08232

Signing Officer

Name
Margaret C Avagliano
Title
President
Phone
6096538240
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret C Avagliano
Formed
2003
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Smolin Lupin & Co LLC
Address
165 PASSAIC AVE - 4TH FLOOR, FAIRFIELD, NJ 07004
Preparer
Joseph Pasquino
Phone
9734397200
Raw XML AppendixShowing 400 of 457 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0291
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99710
IRS990ScheduleA/PublicSupportPY509Pct00.99630
IRS990ScheduleA/PublicSupportTotal509Amt01179156
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt02538
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02938
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0284018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0211029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0113942
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0300325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0272780
IRS990ScheduleA/Total509Grp/TotalAmt01182094
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0284018
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0211282
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0113970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0300421
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0272899
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01182590
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0120903
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0405812
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0526715
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0120903
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt090278
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BINGO
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt083100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt039740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt023260
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0146100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt083100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt039740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt023260
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0146100
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt055822
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt016126
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt090278
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt053033
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt021119
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt028328
IRS990ScheduleI/RecipientTable/CashGrantAmt130000
IRS990ScheduleI/RecipientTable/CashGrantAmt226170
IRS990ScheduleI/RecipientTable/CashGrantAmt343500
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL CHARITABLE CONTRIBUTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMERICAN CANCER SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BOYS AND GIRLS CLUB OF AC INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2AMERICAN HEART ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ATLANTICARE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4RADIOLOGICAL SOCIETY OF NORTH AMERICA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0250 WILLIAMS STREET NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1317 N PENNSYLVANIA AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt27272 GREENVILLE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt32500 ENGLISH CREEK AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4820 JORIE BLVD SUITE 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ATLANTIC CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2DALLAS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3EGG HARBOR TOWNSHIP
IRS990ScheduleI/RecipientTable/USAddress/CityNm4OAK BROOK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030303
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd108401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd275231
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd308234
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd460523
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE THREE TRUSTEES WHO COLLECTIVELY OWN 13.0435% OF TWO SEPARATE PARTNERSHIPS ATLANTIC MEDICAL IMAGING AND ATLANTIC RADIOLOGY PROFESSIONAL ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE PROVIDED A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0310744
IRS990/TotalAssetsEOYAmt0180863
IRS990/TotalAssetsGrp/BOYAmt0310744
IRS990/TotalAssetsGrp/EOYAmt0180863
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt089918
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09311
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0275159
IRS990/TotalFunctionalExpensesGrp/TotalAmt0284470
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0121713
IRS990/TotalLiabilitiesEOYAmt082562
IRS990/TotalLiabilitiesGrp/BOYAmt0121713
IRS990/TotalLiabilitiesGrp/EOYAmt082562
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0189031
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt098301
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0275159

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$1.79$2.10$0.31
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.42$0.73$1.89$2.14$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.81$0.83$0.98$1.94$2.84$0.91
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$1.22$1.89$1.66$2.00$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$1.60$2.23$1.14$2.36$1.22
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.42$1.97$3.45$2.34$2.52$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$0.00$3.63$2.16$1.87$0.29
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.00$3.35$1.76$1.62$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.00$3.21$2.16$1.70$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$2.94$1.96$0.98
2014Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$3.01$1.76$1.25
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.19$1.23$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$1.76