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AYALA FOUNDATION USA
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| Also Known As: AF-USA |
255 Shoreline Dr
Suite 428
Redwood City,
CA
94065
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GENERAL INFORMATION
Who We Are
AF-USA serves as a "Bridge of Hope Across the Seas" connecting Filipino Americans and US donors with charitable causes in the Philippines.
- This organization is a 501(c)(3)
Public Charity
.
- This organization is required to file an IRS Form 990 or 990-EZ.
- Financial information in this report is derived from the organization's December 31, 2007
Form 990.
- Additional narrative information in this report was last supplied by the organization on February 1, 2010.
- It makes its audited financial statements available to the public upon request.
- Contributions are deductible, as provided by law.
How to Help
This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects and endowments.
Location(s) Served
-
National
-
International:
Philippines
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T50—Philanthropy / Charity / Voluntarism Promotion (General)
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W99—Public, Society Benefit - Multipurpose and Other N.E.C.
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S99—Community Improvement, Capacity Building N.E.C.
| EIN: |
94-3369973 |
| Year Founded: |
2000 |
| Ruling Year: |
2001 |
| Fiscal Year: |
December 31, 2007
|
| Assets: |
$757,752 (from Dec 31, 2007 Form 990) |
| No. of Board Members: |
16 |
| No. of Full-Time Employees: |
1-5 |
| No. of Part-Time Employees: |
1-5 |
| No. of Volunteers: |
11-20 |
Chief Executive
Victoria P. Garchitorena
BOARD OF DIRECTORS
Name |
Title |
| Maria Banatao |
|
| Michael Balaoing |
Secretary |
| Diosdado Banatao |
Chairman |
| Sherri Burke |
|
| Gloria Caoile |
|
| Victoria Garchitorena |
President |
| Lynn Hess |
|
| Loida Lewis |
Founding Trustee |
| Joseph Lumarda |
|
| Greg Macabenta |
Foundiing Trustee |
| Sheila Marcelo |
|
| Dr. Ofelia Maristela |
|
| Sally Munoz |
|
| Denny Roja |
Treasurer |
| Dr. Alexander Yap |
|
| Fernando Zobel de Ayala |
Vice-Chair |
MISSION AND PROGRAMS
Mission
To be the best known foundation within the Filipino community in the U.S. with a reputation for excellence and integrity.
Programs
Ayala Foundation provides US-based Filipinos a channel for strategic philanthropy by offering: · A donor menu of over 100 Philippine projects and groups in the fields of health, education, livelihood, infrastructure, the environment, abused women and children, and others. Donors can also work with AF-USA to grant money to organizations not currently included in the donor menu. · Mechanisms on how donations can be sent. · Tax deductibility benefits. · Due diligence on recipient organizations. · Updates on the progress of supported projects.
GOALS AND RESULTS
Accomplishments for Fiscal Year Ending December 31, 2006
- Since its inception in 2000, AF-USA has dispersed over $1.5 million to various Philippine charitable organizations.
Objectives for Fiscal Year Beginning January 1, 2007
- To offer exceptional donor services to facilitate charitable giving to the Philippines
- To launch a a multi-million dollar fundraising campaign for Gearing up Internet Literacy and Access to Students (GILAS), a public-private initiative aimed at establishing computer internet labs in public high schools across the Philippines
FINANCIAL DATA
Revenues and Expenses: Fiscal Year Ending December 31, 2007
| REVENUE |
|
| Contributions |
$1,296,374 |
| Government Grants |
$0 |
| Program Services |
$0 |
| Investments |
$22,162 |
| Special Events |
$0 |
| Sales |
$0 |
| Other |
$0 |
| Total Revenue |
$1,318,536 |
| EXPENSES |
|
| Program Services |
$969,876 |
| Administration |
$73,429 |
| Other |
$112,068 |
| Total Expenses |
$1,155,373 |
| Net Gain/Loss |
$163,163 |
Balance Sheet: Fiscal Year Ending December 31, 2007
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| ASSETS |
January 1, 2007 |
December 31, 2007 |
Change |
| Cash & Equivalent |
$626,370 |
$719,824 |
$93,454 |
| Accounts Receivable |
$3,070 |
$1,940 |
($1,130) |
| Pledges & Grants Receivable |
$237 |
$32,316 |
$32,079 |
| Receivable / Other |
$0 |
$0 |
$0 |
| Inventories for Sale of Use |
$0 |
$0 |
$0 |
| Investment/Securities |
$0 |
$0 |
$0 |
| Investment/Other |
$0 |
$0 |
$0 |
| Fixed Assets |
$1,800 |
$3,672 |
$1,872 |
| Other |
$0 |
$0 |
$0 |
| Total Assets |
$631,477 |
$757,752 |
$126,275 |
| LIABILITIES |
January 1, 2007 |
December 31, 2007 |
Change |
| Accounts Payable |
$18,095 |
$11,950 |
($6,145) |
| Grants Payable |
$0 |
$0 |
$0 |
| Deferred Revenue |
$0 |
$0 |
$0 |
| Loans and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt Bond Liabilities |
$0 |
$0 |
$0 |
| Other |
$58,145 |
$27,402 |
($30,743) |
| Total Liabilities |
$76,240 |
$39,352 |
($36,888) |
| FUND BALANCE |
$555,237 |
$718,400 |
$163,163 |
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