ASSET NETWORK FOR EDUCATION WORLDWIDE INC

EIN: 203884159 501(c)(3) Environment

CLEARWATER, FL

Total Revenue
$1,285,430
Total Expenses
$1,219,734
Total Assets
$133,696
Net Assets
$77,876
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
ROSE TOURJE
Phone
2139434400
Tax Period
2023-01-01 to 2023-12-31

ASSET NETWORK FOR EDUCATION WORLDWIDE INC, founded in 2005, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 5% surplus.

Mission

TO SUPPORT HEALTHY GROWTH BY CONNECTING SURPLUS ITEMS TO GROUPS AND COMMUNITIES IN NEED. SERVES CHARITABLE ORGANIZATIONS, PUBLIC AGENCIES AND COMMUNITIES BY PROVIDING SURPLUS FURNITURE, EQUIPMENT, ARCHITECTURAL MATERIALS AND BUILDING ASSETS THROUGH STRATEGIC IMPLEMENTATION OF REUSE, RESALE, REPURPOSING, RECYCLING, AND NET EFFECT METRICS.

Program Service Accomplishments

Program 1
Expenses: $1,077,647 Revenue: $982,830

ANEW SUPPORTS ENVIRONMENTAL SUSTAINABILITY BY SERVING CHARITABLE ORGANIZATIONS, PUBLIC AGENCIES AND COMMUNITIES IN NEED WITH USEABLE OBSOLETE OR SURPLUS FURNITURE, FIXTURES, EQUIPMENT, SUPPLIES...

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ANEW SUPPORTS ENVIRONMENTAL SUSTAINABILITY BY SERVING CHARITABLE ORGANIZATIONS, PUBLIC AGENCIES AND COMMUNITIES IN NEED WITH USEABLE OBSOLETE OR SURPLUS FURNITURE, FIXTURES, EQUIPMENT, SUPPLIES, ARCHITECTURAL MATERIALS AND BUILDING ASSETS THAT ARE DONATED TO ANEW AND BY MATCHING OF SURPLUS RECEIVED FROM PRIVATE AND PUBLIC COMPANIES AND ORGANIZATIONS, AND GOVERNMENT AGENCY DONORS TO DONEES WITH THE SUPPORT OF OTHERS THROUGH COLLECTION (INCLUDING DISMANTLING AND REMOVAL) AND REDISTRIBUTION SERVICES. ANEW HELPS COMMUNITIES WHO HAVE AND THOSE WHO NEED SURPLUS ITEMS BY CONNECTING EACH AND REPURPOSING SURPLUS FURNITURE, FIXTURES, EQUIPMENT AND ARCHITECTURAL MATERIALS. ANEW PROVIDES LIQUIDATION ALTERNATIVES FOR SURPLUS MATERIALS, DONATING THEM TO UNDERSERVED, CHARITABLE NON-PROFIT ORGANIZATIONS AND PUBLIC AGENCIES. THE ORGANIZATION REPURPOSES QUALITY SURPLUS FURNITURE, FIXTURES, EQUIPMENT AND ARCHITECTURAL MATERIALS FOR THE BENEFIT OF NONPROFIT CHARITABLE ORGANIZATIONS AND PUBLIC AGENCIES IN NEED ACROSS THE UNITED STATES. THIS HELPS TO ADVANCE THE MISSION OF THESE ORGANIZATIONS BY REDUCING THEIR CAPITAL EXPENDITURES FOR OFFICE FURNITURE AND INTERIOR IMPROVEMENTS, THUS INCREASING FUNDS BUDGETED FOR PROGRAM SERVICES. ANEW FURTHER PROVIDES EDUCATION, PROGRAMS AND SERVICES (INCLUDING REPORTING OF SOCIAL AND ENVIRONMENT METRICS) TO ENABLE ITS DONORS TO TAKE SOCIAL AND ENVIRONMENTAL RESPONSIBILITY THROUGH RESOURCE RECOVERY, EXTENDING THE LIFE CYCLE OF SURPLUS, AND DIVERSION OF WASTE FROM LANDFILL THROUGH THE STRATEGIC APPLICATION AND IMPLEMENTATION OF SUSTAINABLE PRACTICES INCLUDING REPURPOSING, REUSE, RESALE, RECYCLING AND RECOVERY OF ENERGY-FROM-WASTE. ANEW WORKED AND CONSULTED WITH EXEMPT ENTITIES TO HELP ESTABLISH AND TEACH SUSTAINABLE PRACTICES AND CREATE POLICIES AND PROCEDURES TO TRACK AND REPORT THE USE OF WASTE. THE ENTITIES ENGAGED ANEW TO HELP DECOMMISSION BUILDINGS AND WAREHOUSES AND SET A FRAMEWORK SO THAT THE ENTITIES WERE ABLE TO BE SELF SUFFICIENT IN THE FUTURE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $302,600
Program Service Revenue $982,830
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,285,430

Expense Breakdown

Grants Paid $240,746
Salaries & Benefits $187,350
Fundraising Expenses $73,396
Program Expenses $1,077,647
Other Expenses $791,638
TOTAL EXPENSES $1,219,734

Year-over-Year Comparison

2023 2022 Change
Revenue $1,285,430 $596,365 +1.2%
Expenses $1,219,734 $604,361 +1.0%
Net Income $65,696 $-7,996 -9.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
3
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$108,176
Total Directors
4
$108,176
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSE TOURJE FOUNDER/PRESIDENT 40.00
Officer Director
$108,176 $0 $108,176
MARGARET DILORENZO CHAIRMAN 0.50
Officer Director
$0 $0 $0
YONG WONG TREASURER 0.50
Officer Director
$0 $0 $0
CLYDE BASNER DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,285,430 $1,219,734 $133,696 $65,696
2022 $596,365 $604,361 $28,867 $-7,996
2021 $1,238,844 $1,224,135 $28,176 $14,709
2020 $959,391 $1,000,023 $45,847 $-40,632
2019 $1,310,679 $1,308,316 $46,099 $2,363
2018 $946,198 $1,189,751 $43,736 $-243,553
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