AMIB ENDOWMENT FUND INC

EIN: 222677311 501(c)(3)

BRICK, NJ

Total Revenue
$380,776
Total Expenses
$203,679
Total Assets
$7,374,931
Net Assets
$7,173,286
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NJ
Principal Officer
JERRY J PEREZ CPA
Phone
7324583422
Tax Period
2023-01-01 to 2023-12-31

AMIB ENDOWMENT FUND INC, founded in 1985, is a small nonprofit that reported $381K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $177K, a strong 47% operating margin.

Mission

TO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR INDIVIDUALS HAVING A VISUAL IMPAIRMENT AND DEVELOPMENTAL DISABILITY. AMIB INC. OPERATES 16 GROUP HOMES SERVING 74 INDIVIDUALS, 5 OF THOSE PROGRAMS ALSO PROVIDE DAY SERVICE PROGRAMMING TO 12 INDIVIDUALS, AND IN HOME RESPITE SERVICES AND REPRESENTATIVE PAYEE FINANCIAL SERVICES TO ELIGIBLE INDIVIDUALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,320
Program Service Revenue $0
Investment Income $326,486
Other Revenue $970
TOTAL REVENUE $380,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $175,000
Other Expenses $203,679
TOTAL EXPENSES $203,679

Year-over-Year Comparison

2023 2022 Change
Revenue $380,776 $298,876 +0.3%
Expenses $203,679 $202,688 +0.0%
Net Income $177,097 $96,188 +0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY J PEREZ CPA PRESIDENT 2.00
Officer
$0 $0 $0
MELISSA A TERRANOVA ESQ SECRETARY 1.00
Officer
$0 $0 $0
EDWARD M GILLESPIE TREASURER 2.00
Officer
$0 $0 $0
KENNETH J CARSON JR TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL K CARSON TRUSTEE 1.00
Director
$0 $0 $0
ROBERT PEARSON TRUSTEE 1.00
Director
$0 $0 $0
BEVERLEY PARRY TRUSTEE 1.00
Director
$0 $0 $0
CHARLES PAOLINO FORMER SECRE 1.00
Officer
$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 $380,776 $203,679 $7,374,931 $177,097
2022 $298,876 $202,688 $6,728,663 $96,188
2021 $333,295 $199,252 $7,734,359 $134,043
2020 $263,144 $177,919 $6,659,407 $85,225
2019 $270,928 $182,768 $6,277,637 $88,160
2018 $342,472 $187,019 $5,274,865 $155,453
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare AMIB ENDOWMENT FUND INC with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.