2024-11-15T16:57:21-05:00 2023-12-31 203811563 JTGOLDSTEIN 2200 ARCH ST STE 101 PHILADELPHIA PA 191032136 990 2023-01-01 541873905 AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL AND SCHOLARSHIP PROGRAM AIRP 7034142622 45 L STREET SW PO BOX 71560 WASHINGTON DC 20024 JOVAN GOLDSTEIN CFO 8778295500 2024-11-15 true true WILLIAM HENDERSON P02360120 2155253593 2024-11-15 2023 2024-10-15 13:58:12Z AMAC-ESP SUNSHINE WHITE 45 L STREET SW PO BOX 71560 WASHINGTON DC 20024 466025 false X WWW.AMAC-ORG.COM X 1997 VA THE AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL & SCHOLARSHIP PROGRAM, INC. ("AMAC FOUNDATION") IS A NON-PROFIT ORGANIZATION FOUNDED IN 1997 FOR THE FOLLOWING PURPOSES: (1) TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGES AND UNIVERSITIES OR OTHER EQUIVALENT LEVEL EDUCATIONAL PROGRAMS IN THE FIELD OF AVIATION AND AIRPORT MANAGEMENT BY MAKING GRANTS, DISTRIBUTIONS AND PROVIDING OTHER FORMS OF ASSISTANCE TO INDIVIDUALS AND OTHER NON-PROFIT ORGANIZATIONS IN SUPPORT OF SUCH PURPOSE. (2) TO PREPARE, PROMOTE, PUBLISH AND DISTRIBUTE EDUCATIONAL MATERIALS; CONDUCT EDUCATIONAL FORUMS AND SEMINARS; CONDUCT EDUCATIONAL RESEARCH AND ESTABLISH AN EDUCATIONAL DATA BANK FOR INTERESTED MEMBERS OF THE GENERAL PUBLIC ON AIR TRANSPORTATION, AIRPORTS AND AIRPORT FACILITIES MANAGEMENT. (3) TO ENGAGE IN ANY AND ALL OTHER LAWFUL CHARITABLE ACTIVITIES INCIDENTAL TO, AND IN PURSUIT OF, THE FOREGOING PURPOSES. 10 10 0 0 106074 47104 109590 150813 3 57 117208 86713 332875 284687 57500 130000 0 0 0 0 149594 149055 207094 279055 125781 5632 452407 556770 110691 203410 341716 353360 X THE AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL & SCHOLARSHIP PROGRAM, INC. ("AMAC FOUNDATION") IS A NON-PROFIT ORGANIZATION FOUNDED IN 1997 FOR THE FOLLOWING PURPOSES: (1) TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGES AND UNIVERSITIES OR OTHER EQUIVALENT LEVEL EDUCATIONAL PROGRAMS IN THE FIELD OF AVIATION AND AIRPORT MANAGEMENT BY MAKING GRANTS, DISTRIBUTIONS AND PROVIDING OTHER FORMS OF ASSISTANCE TO INDIVIDUALS AND OTHER NON-PROFIT ORGANIZATIONS IN SUPPORT OF SUCH PURPOSE. (2) TO PREPARE, PROMOTE, PUBLISH AND DISTRIBUTE EDUCATIONAL MATERIALS; CONDUCT EDUCATIONAL FORUMS AND SEMINARS; CONDUCT EDUCATIONAL RESEARCH AND ESTABLISH AN EDUCATIONAL DATA BANK FOR INTERESTED MEMBERS OF THE GENERAL PUBLIC ON AIR TRANSPORTATION, AIRPORTS AND AIRPORT FACILITIES MANAGEMENT. (3) TO ENGAGE IN ANY AND ALL OTHER LAWFUL CHARITABLE ACTIVITIES INCIDENTAL TO, AND IN PURSUIT OF, THE FOREGOING PURPOSES. false false 130609 130000 150813 OFFERING SCHOLARSHIPS; CONDUCTING EDUCATIONAL FORUMS, SEMINARS, AND RESEARCH; AND EDUCATING THE FUTURE TALENT POOL ON AIR TRANSPORTATION, AIRPORTS, AIRPORT OPERATIONS AND FACILITIES MANAGEMENT. THE CELEBRATING WOMEN IN AVIATION (CWIA) BREAKFAST IS AN ANNUAL EVENT THAT HIGHLIGHTS DYNAMIC WOMAN WHO HAVE MADE GREAT CONTRIBUTIONS IN THE AVIATION INDUSTRY. AMAC FOUNDATION HOSTS PROJECT LIFT EVENTS THROUGHOUT THE YEAR AND DURING THE ANNUAL AMAC AIRPORT BUSINESS DIVERSITY CONFERENCE. THIS FORUM-STYLE MENTORING SESSION IS HELD FOR STUDENTS INTERESTED IN FIELDS RELATED TO AVIATION AND AVIATION-RELATED BUSINESS. PROJECT LIFT EXPOSES STUDENTS TO POTENTIAL CAREERS, EDUCATIONAL PATHS TO SUCCESS AND PROVIDES NETWORKING OPPORTUNITIES WITH PROFESSIONAL MENTORS TO FURTHER STUDENTS' ACADEMIC DEVELOPMENT. 53073 OFFERING SCHOLARSHIPS; CONDUCTING EDUCATIONAL FORUMS, SEMINARS, AND RESEARCH; AND EDUCATING THE FUTURE TALENT POOL ON AIR TRANSPORTATION, AIRPORTS, AIRPORT OPERATIONS AND FACILITIES MANAGEMENT. 53073 183682 true false false false false false false false false false false false false true true true true false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false true 7 0 0 false false false false false false false false X 10 10 false true false false false true false true true false false false true true true true true true false false DC X JOVAN GOLDSTEIN 7034142622 45 L STREET SW PO BOX 71560 WASHINGTON DC 20024 X REGINA BROWN DIRECTOR 1.00 X 0 0 0 SEAN FITZGERALD DIRECTOR 1.00 X 0 0 0 TERRI FRIERSON DIRECTOR 1.00 X 0 0 0 ANDRES GARCIA DIRECTOR 1.00 X 0 0 0 DAWN HUNTER DIRECTOR 1.00 X 0 0 0 CLEVE DUNN JR DIRECTOR 1.00 X 0 0 0 ANDRELLA KENNER DIRECTOR 1.00 X 0 0 0 KHALIA MOORE DIRECTOR 1.00 X 0 0 0 DWAYNE NORRIS DIRECTOR 1.00 X 0 0 0 FOLASADE OLANIPEKUN-LEWIS DIRECTOR 1.00 X 0 0 0 GREG PLUMMER DIRECTOR 1.00 X 0 0 0 DEVON RAY DIRECTOR 1.00 X 0 0 0 SHONDA SCOTT DIRECTOR 1.00 X 0 0 0 ERIC WARD DIRECTOR 1.00 X 0 0 0 SUNSHINE WHITE CHAIR 8.00 1.00 X X 0 0 0 JOVAN GOLDSTEIN CFO 4.00 8.00 X 0 0 0 EBONI WIMBUSH PRESIDENT 1.00 40.00 X 0 0 0 false false false 19902 27202 47104 SCHOLARSHIP REVENUE 150813 150813 150813 57 57 268051 19902 181338 86713 284687 150813 57 X 130000 130000 19400 19400 58969 58969 4125 375 3750 1350 234 1116 648 648 EVENT FOOD & BEVERAGE 26174 26174 LIGHTING AND AUDIO/VISUAL 12450 12450 EVENT PLANNER 9937 9937 OUT OF POCKET REIMBURSEME 7859 7859 8143 4512 3631 279055 183682 95373 0 79062 28997 31716 196413 50000 14500 4871 148752 279764 138006 37096 452407 556770 66991 71163 43700 40000 92247 110691 203410 X 250876 239280 90840 114080 341716 353360 452407 556770 X 5632 6012 X false true X true false X 113501 59037 221883 106074 47104 547599 216677 8 327508 418864 963057 330178 59045 221883 433582 465968 1510656 1510656 33 2 3 57 95 33 2 3 57 95 330211 59045 221885 433585 466025 1510751 0.99990 1.00000 0.00000 0.00000 X DUE FROM AFFILIATE 20000 MERCHANT ACCOUNT 17096 37096 DUE TO AFFILIATE 92247 92247 X 505081 6012 33040 181342 220394 284687 284687 493437 33040 181342 214382 279055 279055 SCHEDULE D, PAGE 3, PART X AMAC FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN 501(C)(3). THERE WAS NO TAXABLE INCOME FOR THE YEAR-ENDED DECEMBER 31, 2023; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN AMAC FOUNDATION'S FINANCIAL STATEMENTS. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES AMAC FOUNDATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY AMAC FOUNDATION. AMAC FOUNDATION HAS DETERMINED AS OF DECEMBER 31, 2023 WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED AMAC FOUNDATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT AMAC FOUNDATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. ANY INTEREST OR PENALTIES ASSESSED TO AMAC FOUNDATION ARE RECORDED IN EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D DIRECT EXPENSES NETTED 181,342 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT EXPENSES NETTED 181,342 CWIA 153162 12450 140712 5318 42645 47908 GOLF TOURNAMENT 80470 80470 17133 8599 21542 2 54321 7452 46869 15071 875 22247 287953 19902 268051 37522 51244 875 91697 181338 86713 true SCHOLARSHIP AWARDS 48 130000 CASH SCHEDULE I, PAGE 1, PART I, LINE 2 AMAC FOUNDATION REQUIRES THE RECIPIENTS OF THE SCHOLARSHIP GRANTS TO PROVIDE GRADE/CLASS TRANSCRIPTS TO SHOW COURSES TAKEN, AS WELL AS MAINTENANCE AND GPA REQUIREMENTS. CHECKS ARE SENT DIRECTLY TO THE EDUCATIONAL INSTITUTION AND MADE PAYABLE TO THE INSTITUTION'S FINANCIAL AID OFFICE ALONG WITH THE STUDENT ID NUMBER. THE SCHOLARSHIP COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF ALL SCHOLARSHIP RECIPIENTS. FORM 990, PAGE 1, ITEM C AMAC FOUNDATION FORM 990 - ORGANIZATION'S MISSION THE AIRPORT MINORITY ADVISORY COUNCIL EDUCATIONAL & SCHOLARSHIP PROGRAM, INC. ("AMAC FOUNDATION") IS A NON-PROFIT ORGANIZATION FOUNDED IN 1997 FOR THE FOLLOWING PURPOSES: (1) TO PROVIDE SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGES AND UNIVERSITIES OR OTHER EQUIVALENT LEVEL EDUCATIONAL PROGRAMS IN THE FIELD OF AVIATION AND AIRPORT MANAGEMENT BY MAKING GRANTS, DISTRIBUTIONS AND PROVIDING OTHER FORMS OF ASSISTANCE TO INDIVIDUALS AND OTHER NON-PROFIT ORGANIZATIONS IN SUPPORT OF SUCH PURPOSE. (2) TO PREPARE, PROMOTE, PUBLISH AND DISTRIBUTE EDUCATIONAL MATERIALS; CONDUCT EDUCATIONAL FORUMS AND SEMINARS; CONDUCT EDUCATIONAL RESEARCH AND ESTABLISH AN EDUCATIONAL DATA BANK FOR INTERESTED MEMBERS OF THE GENERAL PUBLIC ON AIR TRANSPORTATION, AIRPORTS AND AIRPORT FACILITIES MANAGEMENT. (3) TO ENGAGE IN ANY AND ALL OTHER LAWFUL CHARITABLE ACTIVITIES INCIDENTAL TO, AND IN PURSUIT OF, THE FOREGOING PURPOSES. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS ARE UTILIZED TO ASSIST WITH RAISING SCHOLARSHIP FUNDS, VETTING SCHOLARSHIP RECIPIENTS, RECRUITING STUDENTS, AND PROVIDING ORGANIZATIONAL GOVERNANCE. FORM 990, PAGE 2, PART III, LINE 4D OFFERING SCHOLARSHIPS; CONDUCTING EDUCATIONAL FORUMS, SEMINARS, AND RESEARCH; AND EDUCATING THE FUTURE TALENT POOL ON AIR TRANSPORTATION, AIRPORTS, AIRPORT OPERATIONS AND FACILITIES MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 3 MANAGEMENT OF FINANCIAL AFFAIRS IS LARGELY DELEGATED TO ACCOUNTING FIRM JT GOLDSTEIN, LLC. FORM 990, PAGE 6, PART VI, LINE 7A THE ELECTIONS COMMITTEE IS RESPONSIBLE FOR PLANNING, DEVELOPING AND IMPLEMENTING THE AMAC FOUNDATION'S ELECTION PROCESS. THE ELECTIONS COMMITTEE SHALL DEVELOP VOTING PROCEDURES AND MAKE ALL PREPARATIONS FOR BALLOTING FOR DIRECTORS AND OFFICERS, AND SHALL CONDUCT THE ELECTION PROCESS AT THE ANNUAL CONFERENCE. FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER AND FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C EACH RESPONSIBLE PERSON SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. SUCH DISCLOSURE IS REQUIRED AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G BANK CHARGES 0 6,973 0 CONSULTANTS 0 51,996 0 TOTAL 0 58,969 0 FORM 990, PART XI, LINE 9 DIRECT EXPENSES NETTED 181,342 DIRECT EXPENSES NETTED -181,342 AIRPORT MINORITY ADVISORY COUNCIL 45 L STREET SW PO BOX 71560 WASHINGTON DC 20024 621398266 MEMBERSHIP FL C6 7 N/A false false false false false false false false false false false false false false true true true false false false AIRPORT MINORITY COUNCIL-AMAC O 33040 10% OF AMAC INCURRED COST AIRPORT MINORITY COUNCIL-AMAC P 92247 ACTUAL COST INCURRED