AAAA FOUNDATION INC C/O AAAA INC

Financial Trends

Organization Details

AAAA FOUNDATION INC C/O AAAA INC, founded in 1996, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $2.9M exceeded revenue, resulting in a 34% operating deficit.

Mission

ESTABLISHED IN 1997, THE AAAA FOUNDATION ("4A'S FOUNDATION OR "THE FOUNDATION") IS COMMITTED TO IDENTIFYING, DEVELOPING, EMPOWERING AND ENSURING THE MOST DIVERSE TALENT ENTERS AND SUCCEEDS IN THE MARKETING INDUSTRY. THE FOUNDATION EQUIPS, CELEBRATES AND CONNECTS A COMMUNITY OF DIVERSE TALENT FROM HIGH SCHOOL TO MID-CAREER AND BEYOND THROUGH EDUCATIONAL AND PROFESSIONAL ADVANCEMENT OPPORTUNITIES TO CREATE A MORE EQUITABLE FUTURE. THE FOUNDATON ACHIEVES THIS THROUGH OUR ROBUST INITIATIVES AND PROGRAMS AIMED AT DISCOVERING AND CULTIVATING TALENT ACROSS THEIR EDUCATIONAL AND PROFESSIONAL CAREER JOURNEY: EDUCATION (HIGH SCHOOLS), DEAR BLACK TALENT, MULTICULTURAL ADVERTISING INTERN PROGRAM (MAIP) FELLOWSHIP AND ALUMNI, SCHOLARSHIPS, SPOTIFY PULSE, AND VANGUARD. THE FOUNDATION HAS PROVIDED OVER $4 MILLION DOLLARS IN AWARDS, GRANTS AND SCHOLARSHIPS TO DESERVING STUDENTS STUDYING ADVERTISING, MARKETING, MEDIA, CREATIVE ARTS AND PUBLIC RELATIONS. THE MAIP ALUMNI ASSOCIATION OF OVER 4,400+ PROFESSIONALS IS THE LARGEST DIVERSE COMMUNITY IN THE INDUSTRY. OUR HIGH SCHOOL INITIATIVES HAVE PREPARED MORE THAN 1,000 DIVERSE HIGH SCHOOL STUDENTS FOR CAREERS IN MARKETING. FORM 990, PART III, LINE 4A: PROGRAM ACCOMPLISHMENTS THE FOUNDATION WAS CREATED TO GALVANIZE THE INDUSTRY AROUND IMPROVING THE LEVEL OF DIVERSITY WITHIN ADVERTISING AND MEDIA AGENCIES. FOR ALMOST 20 YEARS, THE FOUNDATION HAS BEEN PROVIDING FINANCIAL SUPPORT TO MULTICULTURAL INDIVIDUALS STUDYING ADVERTISING, MEDIA, AND/OR THE CREATIVE ARTS, AS WELL AS RESOURCES TO PROGRAMS AND INITIATIVES IN NYC THAT COVER THE FOLLOWING CATEGORIES FOR OUR INDUSTRY: EDUCATION, EMPLOYMENT, OUTREACH, ENGAGEMENT, AND RETENTION. SIMULTANEOUSLY, IT ENGAGES COLLEGES, UNIVERSITIES AND RECOGNIZED PORTFOLIO SCHOOLS, WHICH HELP IDENTIFY HIGH POTENTIAL STUDENTS WILLING AND ABLE TO MAKE A DIFFERENCE IN OUR COMMUNITY. WE MEASURE OUR IMPACT IN HOW WE POSITIVELY AFFECT THE LIVES AND LIVELIHOODS OF THOSE IN OUR COMMUNITY, WHETHER PROGRAM PARTICIPANTS, AGENCY PARTNERS AND TEAMS, OR THE INDUSTRY AT LARGE. HIGH SCHOOL EDUCATION: - 800+ STUDENTS SUPPORTED THROUGH CAREER EXPOSURE AND INDUSTRY IMMERSION - 40+ TEACHERS RECEIVED PROFESSIONAL DEVELOPMENT SUPPORT FROM AGENCY AND INDUSTRY LEADERS SCHOLARSHIPS & AWARDS: - OVER $60K AWARDED TO DESERVING COLLEGE STUDENTS COLLEGE INTERNSHIPS & CAREER READINESS: - WE HOSTED 150+ FELLOWS FROM 55 COLLEGES AND UNIVERSITIES - WE CONNECTED WITH OVER 750 ACADEMIC LEADERS NATIONWIDE - $1.2 MILLION TOTAL ECONOMIC IMPACT GENERATED BY MAIP FELLOWSHIP SUMMER SALARIE FORM 990, PART V, LINE 2B: EMPLOYEES AND W-2 REPORTING THE FOUNDATION DOES NOT HAVE ITS OWN EMPLOYEES, AND THEREFORE DOES NOT FILE A FORM W-3. IT SHARES EMPLOYEES WITH ITS PARENT ORGANIZATION, AMERICAN ASSOCIATION OF ADVERTISING AGENCIES, INC. ("4A'S") VIA A COMMON PAYMASTER ARRANGEMENT. ALL W-2S AND REQUIRED EMPLOYMENT TAX RETURNS ARE FILED BY 4A'S ACCORIDNGLY.

Financial Overview (2023)

Year-over-Year Comparison

Governance

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data