Civic Intelligence

Asm Global Acts Foundation

990EZ • Fiscal year 2022 • EIN 87-4214601

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

300 Conshohocken State Rd Ste 770West Conshohocken, PA 19428

(610) 729-7900

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

90th percentile

52%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$93,644

No earlier filing loaded for comparison.

Net Assets

$93,644

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$180,135

No earlier filing loaded for comparison.

Expenses

$86,491

No earlier filing loaded for comparison.

Net Income

$93,644

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2022: $93,644Liabilities 2022: $0Net Assets 2022: $93,6442022Assets 2023: $195,267Liabilities 2023: $23,125Net Assets 2023: $172,1422023Assets 2024: $280,645Liabilities 2024: $8,550Net Assets 2024: $272,0952024

Highlighted filing

2022

Assets$93,644
Liabilities$0
Net Assets$93,644

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2022: $180,135Expenses 2022: $86,491Net Income 2022: $93,6442022Revenue 2023: $235,325Expenses 2023: $156,827Net Income 2023: $78,4982023Revenue 2024: $348,931Expenses 2024: $248,978Net Income 2024: $99,9532024

Highlighted filing

2022

Revenue$180,135
Expenses$86,491
Net Income$93,644
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$180,135
Mission and Program Overview

Mission

The asm global acts foundation (organization') is a charitable nonstock delaware corporation formed to make grants to organizations that are classified as exempt under section 501(c)(3) of the internal revenue code ('code'), and other grants for charitable purposes. The organization is affiliated with asm global, a prestigious venue and event management company that operates more than 325 arenas, stadiums, conventions and exhibition centers, and performing arts venues. The organization was formed by asm global as part of its commitment to support charitable and philanthropic endeavors for communities in need. The organization plans to make grants to support philanthropic endeavors guided by sustainability and diversity in communities in need where asm global operates.

Program Services

DescriptionGrantsExpenses
THE ASM GLOBAL STARS SCHOLARSHIP PROGRAM PROVIDES STUDENTS IN DIVERSE AND UNDER-RESOURCED COMMUNITIES ACROSS THE U.S. WITH EDUCATIONAL AND CAREER DEVELOPMENT OPPORTUNITIES.$85,193$85,193
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHAUNA ELVINChief Human Resources Officer-$0--
BRUCE HANSONSVP General Council-$0--
ANN SVOBODASVP Corporate Finance And Treasurer-$0--
BRYAN CROWEVP / General Manager-$0--
JOHN PAGEGeneral Manager-$0--
ALEX MERCHANChief Marketing Officer-$0--
REBECCA BARRYHr Director-$0--
FREYJA HANDYGeneral Council, Uk-$0--
Filing and Contact Details

Filer

Filer Name
Asm Global Acts Foundation
EIN
87-4214601
Phone
6107297900
Address
300 CONSHOHOCKEN STATE RD STE 770, WEST CONSHOHOCKEN, PA 19428

Signing Officer

Name
Ann Svoboda
Title
SVP Corporate Finance and Treasurer
Phone
6107297900
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Deloitte Tax Llp
Address
200 BERKELEY STREET, BOSTON, MA 02116
Preparer
David Dessanti
Phone
6174372000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: contributions. Grantee name: heart to heart international. Amount given: 5,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: contributions. Grantee name: scholarship america. Amount given: 65,193.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: contributions. Grantee name: foundation for appalachian kentucky. Amount given: 15,000. Total included on form 990-ez, line 10: 85,193.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bank service charges. Amount: 1,298.

Form 990-ez, Part Part III, Primary Exempt Purpose, Continued

The organization plans to initially focus its charitable grantmaking on organizations focused on serving underserved communities in over a dozen cities including los angeles, philadelphia, chicago, long beach, new orleans, and tulsa, among others. These grants will focus of improving the vitality, health, and well-being of underserved, disadvantaged members of these communities. In addition, the organization funds a scholarship program, the asm global stars program, managed and administered by scholarship america, inc. ('sai') that will funded up to 50 scholarships of $2,500 for undergraduate students in 2023. Sai will exercise discretion and control over the selection of scholarship recipients and manage all aspects of the scholarship program. Recipients must demonstrate financial need. In addition to demonstrated need, sai's selection criteria includes the consideration of academic performance, work experience, demonstrated leadership and participation in school and community activities, a statement of career and educational goals and objectives, unusual personal or family circumstances, and an online recommendation. Scholarship recipients may also be offered internship opportunities with asm global to learn relevant career-based skills that compliment their formal education program. Employees of asm global and their children are not eligible for the scholarships. The organization anticipates that its activities will be funded primarily by donations from the public. The organization may also receive contributions from asm global and its employees, affiliates, and partners.

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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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IRS990EZ/PrimaryExemptPurposeTxt0THE ASM GLOBAL ACTS FOUNDATION (ORGANIZATION') IS A CHARITABLE NONSTOCK DELAWARE CORPORATION FORMED TO MAKE GRANTS TO ORGANIZATIONS THAT ARE CLASSIFIED AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ('CODE'), AND OTHER GRANTS FOR CHARITABLE PURPOSES. THE ORGANIZATION IS AFFILIATED WITH ASM GLOBAL, A PRESTIGIOUS VENUE AND EVENT MANAGEMENT COMPANY THAT OPERATES MORE THAN 325 ARENAS, STADIUMS, CONVENTIONS AND EXHIBITION CENTERS, AND PERFORMING ARTS VENUES. THE ORGANIZATION WAS FORMED BY ASM GLOBAL AS PART OF ITS COMMITMENT TO SUPPORT CHARITABLE AND PHILANTHROPIC ENDEAVORS FOR COMMUNITIES IN NEED. THE ORGANIZATION PLANS TO MAKE GRANTS TO SUPPORT PHILANTHROPIC ENDEAVORS GUIDED BY SUSTAINABILITY AND DIVERSITY IN COMMUNITIES IN NEED WHERE ASM GLOBAL OPERATES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ASM GLOBAL STARS SCHOLARSHIP PROGRAM PROVIDES STUDENTS IN DIVERSE AND UNDER-RESOURCED COMMUNITIES ACROSS THE U.S. WITH EDUCATIONAL AND CAREER DEVELOPMENT OPPORTUNITIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: CONTRIBUTIONS. GRANTEE NAME: HEART TO HEART INTERNATIONAL. AMOUNT GIVEN: 5,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: CONTRIBUTIONS. GRANTEE NAME: SCHOLARSHIP AMERICA. AMOUNT GIVEN: 65,193.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: CONTRIBUTIONS. GRANTEE NAME: FOUNDATION FOR APPALACHIAN KENTUCKY. AMOUNT GIVEN: 15,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 85,193.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 1,298.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PLANS TO INITIALLY FOCUS ITS CHARITABLE GRANTMAKING ON ORGANIZATIONS FOCUSED ON SERVING UNDERSERVED COMMUNITIES IN OVER A DOZEN CITIES INCLUDING LOS ANGELES, PHILADELPHIA, CHICAGO, LONG BEACH, NEW ORLEANS, AND TULSA, AMONG OTHERS. THESE GRANTS WILL FOCUS OF IMPROVING THE VITALITY, HEALTH, AND WELL-BEING OF UNDERSERVED, DISADVANTAGED MEMBERS OF THESE COMMUNITIES. IN ADDITION, THE ORGANIZATION FUNDS A SCHOLARSHIP PROGRAM, THE ASM GLOBAL STARS PROGRAM, MANAGED AND ADMINISTERED BY SCHOLARSHIP AMERICA, INC. ('SAI') THAT WILL FUNDED UP TO 50 SCHOLARSHIPS OF $2,500 FOR UNDERGRADUATE STUDENTS IN 2023. SAI WILL EXERCISE DISCRETION AND CONTROL OVER THE SELECTION OF SCHOLARSHIP RECIPIENTS AND MANAGE ALL ASPECTS OF THE SCHOLARSHIP PROGRAM. RECIPIENTS MUST DEMONSTRATE FINANCIAL NEED. IN ADDITION TO DEMONSTRATED NEED, SAI'S SELECTION CRITERIA INCLUDES THE CONSIDERATION OF ACADEMIC PERFORMANCE, WORK EXPERIENCE, DEMONSTRATED LEADERSHIP AND PARTICIPATION IN SCHOOL AND COMMUNITY ACTIVITIES, A STATEMENT OF CAREER AND EDUCATIONAL GOALS AND OBJECTIVES, UNUSUAL PERSONAL OR FAMILY CIRCUMSTANCES, AND AN ONLINE RECOMMENDATION. SCHOLARSHIP RECIPIENTS MAY ALSO BE OFFERED INTERNSHIP OPPORTUNITIES WITH ASM GLOBAL TO LEARN RELEVANT CAREER-BASED SKILLS THAT COMPLIMENT THEIR FORMAL EDUCATION PROGRAM. EMPLOYEES OF ASM GLOBAL AND THEIR CHILDREN ARE NOT ELIGIBLE FOR THE SCHOLARSHIPS. THE ORGANIZATION ANTICIPATES THAT ITS ACTIVITIES WILL BE FUNDED PRIMARILY BY DONATIONS FROM THE PUBLIC. THE ORGANIZATION MAY ALSO RECEIVE CONTRIBUTIONS FROM ASM GLOBAL AND ITS EMPLOYEES, AFFILIATES, AND PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART PART III, PRIMARY EXEMPT PURPOSE, CONTINUED
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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