AMIB ENDOWMENT FUND INC

Address
35 BEAVERSON BLVD BLDG 13
BRICK, NJ 08723
Contact
Website: http://amib.net/support-endowment/
Phone: +1 (732) 458-3422
Nonprofit
NTEE: P117 - Human services
EIN: 22-2677311

Mission

TO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR INDIVIDUALS HAVING A VISUAL IMPAIRMENT AND DEVELOPMENTAL DISABILITY. AMIB INC. OPERATES 12 GROUP HOMES SERVING 58 INDIVIDUALS, 5 OF THOSE PROGRAMS ALSO PROVIDE DAY SERVICE PROGRAMMING TO 15 INDIVIDUALS, AND IN HOME RESPITE SERVICES AND REPRESENTATIVE PAYEE FINANCIAL SERVICES TO ELIGIBLE INDIVIDUALS.
 201620152014
Basic features of the organization
Year of formation1985
Subsection501(c)(3)
Organization typeCorporation
Metropolitan statistical area5602
Human resources, including compensation
Summary compensation info
Number of employees000
Number of volunteers777
Personnel
Carson, Kenneth
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personKENNETH J CARSON JRKENNETH CARSON JRKENNETH CARSON JR
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Carson, Michael
TitleTRUSTEETRUSTEE 
Name of key/compensated personMICHAEL K CARSONMICHAEL K CARSON 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Gillespie, Edward
TitleTREASURERTREASURERTREASURER
Name of key/compensated personEDWARD M GILLESPIEEDWARD M GILLESPIEEDWARD M GILLESPIE
Average hours per week working for org2.002.005.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Gottlieb, Jennifer
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personJENNIFER GOTTLIEBJENNIFER GOTTLIEBJENNIFER GOTTLIEB
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Paolino, Charles
TitleSECRETARYSECRETARYSECRETARY
Name of key/compensated personCHARLES PAOLINOCHARLES PAOLINOCHARLES PAOLINO
Average hours per week working for org2.002.005.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Pearson, Robert
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personROBERT PEARSONROBERT PEARSONROBERT PEARSON
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Perez, Jerry
TitlePRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personJERRY J PEREZ CPAJERRY J PEREZ CPAJERRY J PEREZ CPA
Average hours per week working for org2.002.005.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Robinson, Beverley
TitleTRUSTEETRUSTEETRUSTEE
Name of key/compensated personBEVERLEY PARRY ROBINSONBEVERLEY PARRY ROBINSONBEVERLEY PARRY ROBINSON
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Robinson, David
Title TRUSTEE 
Name of key/compensated person DAVID ROBINSON 
Average hours per week working for org 1.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Terranova, Melissa
TitleTRUSTEETRUSTEE 
Name of key/compensated personMELISSA A TERRANOVA ESQMELISSA A TERRANOVA ESQ 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Purpose: mission, activities & accomplishments
Mission or significant activitiesTO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR INDIVIDUALS HAVING A VISUAL IMPAIRMENT AND DEVELOPMENTAL DISABILITY. AMIB INC. OPERATES 12 GROUP HOMES SERVING 58 INDIVIDUALS, 5 OF THOSE PROGRAMS ALSO PROVIDE DAY SERVICE PROGRAMMING TO 15 INDIVIDUALS, AND IN HOME RESPITE SERVICES AND REPRESENTATIVE PAYEE FINANCIAL SERVICES TO ELIGIBLE INDIVIDUALS.TO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR INDIVIDUALS HAVING A VISUAL IMPAIRMENT AND DEVELOPMENTAL DISABILITY. A TOTAL OF FIFTY PEOPLE WERE BENEFITTED.TO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR INDIVIDUALS HAVING A VISUAL IMPAIRMENT AND DEVELOPMENTAL DISABILITY. A TOTAL OF FIFTY PEOPLE WERE BENEFITTED.
Program expenses (total)$154,000.00$140,000.00$138,612.00
Programs, including revenue & expenses
TO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR THE MULTIPLE IMPAIRED BLIND. A TOTAL OF 58 PEOPLE WERE BENEFITTED.
Program expenses$154,000.00$140,000.00$138,612.00
Program descriptionTO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR THE MULTIPLE IMPAIRED BLIND. A TOTAL OF 58 PEOPLE WERE BENEFITTED.TO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR THE MULTIPLE IMPAIRED BLIND. A TOTAL OF FIFTY PEOPLE WERE BENEFITTED.TO PROVIDE FINANCIAL RESOURCES TO ORGANIZATION PROVIDING GROUP HOME SUPPORT FOR THE MULTIPLE IMPAIRED BLIND. A TOTAL OF FIFTY PEOPLE WERE BENEFITTED.
Financial data
Expense categories (totals)
Sum (total functional expenses)$178,115.00$174,892.00$180,826.00
Program services (total functional expenses)$154,000.00$140,000.00$138,612.00
Management & general (total functional expenses)$17,987.00$24,615.00$29,814.00
Fundraising (total functional expenses)$6,128.00$10,277.00$12,400.00
Revenue
Total revenue$237,975.00$252,614.00$296,039.00
Program service revenue (total) $0.00$0.00
Revenue from contributions (total)$3,033.00$201.00$2,627.00
Revenue from noncash contributions$2,208.00  
Investment income$234,801.00$251,662.00$293,412.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$141.00$751.00$0.00
Total revenue from grants, etc., current yr$3,033.00$201.00$2,627.00
Gross receipts$488,584.00$252,614.00$424,265.00
Sources of contributions
Revenue from all other contributions$3,033.00$201.00$2,627.00
Other types of revenue
Royalties (total)$141.00$751.00 
Income from dividends, interest, and similar investments$130,945.00$146,263.00$126,362.00
Net rental income $0.00$0.00
Fees for services
Fundraising service fees (total)$6,128.00$10,277.00$12,400.00
Accounting service fees (total)$13,250.00$17,000.00$24,117.00
Assets and liabilities
Total assets$5,106,417.00$4,725,886.00$4,901,505.00
Total assets, beginning of year$4,725,886.00$4,901,505.00$4,736,680.00
Total liabilities$169,813.00$154,543.00$147,300.00
Total liabilities, beginning of year$154,543.00$147,300.00$12,509.00
Permanently restricted net assets, end of yr$76,311.00$76,667.00$80,766.00
Net assets$4,936,604.00$4,571,343.00$4,754,205.00
Net assets, beginning of year$4,571,343.00$4,754,205.00$4,724,171.00
Other assets$93,346.00$92,718.00$95,469.00
Investments: publicly traded securities$4,456,926.00$3,971,999.00$4,110,916.00
Grants payable$150,000.00$135,000.00$135,000.00
Other financial variables
Revenue less expenses$59,860.00$77,722.00$115,213.00
Savings & temp cash investment$556,145.00$461,169.00$695,120.00
Accounts payable & accrued expenses$19,813.00$19,543.00$12,300.00
Total net assets or fund balances$4,936,604.00$4,571,343.00$4,754,205.00
Governance and accountability
Number of voting members997
Number of independent voting members997
Financial sheets auditedTrueTrueTrue
Audit on consolidated basisTrueTrueTrue
Relationships among key personnelTrue  
Tax year start date2016-01-012015-01-012014-01-01
Tax year end date2016-12-312015-12-312014-12-31
Accounting methodAccrualAccrualAccrual
Metadata about the filing
E-return type990990990
Date e-filing submitted2017-12-282017-04-042016-01-21
IRS schema version2016v3.02015v2.12014v5.0
Filing identifier201733199349303453201623209349313917201513209349303916
Use these data in your project Benchmark this organization against its peers