Asts Foundation in Arlington, Virginia (VA)

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Asts Foundation
Employer Identification Number (EIN)320020119
Name of OrganizationAsts Foundation
Address2461 S Clark St Ste 640, Arlington, VA 22202-3875
SubsectionCharitable Organization
Ruling Date10/2003
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,669,574
Amount of Income$3,494,873
Form 990 Revenue Amount$2,112,717
National Taxonomy of Exempt Entities (NTEE)Medical Research: Medical Specialty Research


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Amount of income in 2011: $3,494,873 (it was $1,392,821 in 2010)
Asts Foundation: 

 $3,494,873
Other organizations performing similar types of work: 

 $88,550

Assets in 2011: $12,669,574 (it was $11,181,560 in 2010)
Asts Foundation: 

 $12,669,574
Other organizations performing similar types of work: 

 $76,943

Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$2,112,717
Contributions, Gifts, Grants and Other Similar Amounts$1,586,285
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$430,798
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$60,634
Gross amount from sales of assets other than inventory (Securities / Other)$1,442,790 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,382,156 / $0
Gain or (loss) (Securities / Other)$60,634 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$35,000
Statement of Functional Expenses (for 2011)
Total functional expenses$685,210
Compensation of current officers, directors, trustees, and key employees$16,753
Other salaries and wages$5,311
Payroll taxes$0
Professional fundraising services$0
Other$663,146
Balance Sheet (for 2011)
Total assets$12,669,574
Total liabilities$272,510
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$272,510
Total net assets or fund balances$12,397,064
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Medical University Of South Carolina FoundationPO BOX 250450, Charleston, SC 29425-0450SC1966-09$172,622,204
2Translational Genomics Research Institute445 N 5th St Ste 600, Phoenix, AZ 85004-2274AZ2002-12$60,822,104
3Minneapolis Medical Research Foundation701 Park Ave S6210, Minneapolis, MN 55415-1829MN1990-12$32,919,005
4Amyloidosis Support Groups Inc232 Orchard Dr, Wood Dale, IL 60191-1313IL2005-09$88,550
5Bailey Educational Foundation10502 N 110th East Ave Ste 321, Owasso, OK 74055-6660OK2005-03$60,676
6Vaccine And Gene Therapy Institute Of Florida Corp, Ohsu Vgti Florida Inc9801 Sw Discovery Way, Port St Lucie, FL 34987-2301FL2009-04$17,270,841
7Clarian Transplant Institute Inc950 N Meridian St Ste 800, Indianapolis, IN 46204-3910IN2008-06$10,778,979
8Jenkins Clinic Inc1800 Howell Mill Road Suite 500, Atlanta, GA 30318-2594GA2006-05$6,629,316
9American Burn Association Inc311 S Wacker Dr Ste 4150, Chicago, IL 60606-6671IL2001-07$6,298,956
10Blanchette Rockefeller Neurosciences Institute Inc8 Medical Center Dr, Morgantown, WV 26505-3409WV2001-10$4,453,492
11Foundation For Orthopaedic Research And Education Inc13020 N Telecom Pkwy, Temple Terr, FL 33637-0925FL1999-07$3,587,658
12Asts Foundation2461 S Clark St Ste 640, Arlington, VA 22202-3875VA2003-10$3,494,873
13Nevada Bioresearch Foundation2779 W Horizon Ridge Pkwy Ste 200, Henderson, NV 89052-4186NV2004-10$2,101,749
14Alliance For Microbicide Development Inc8484 Georgia Ave, Silver Spring, MD 20910-5604MD2002-04$2,037,250
15Angelman Syndrome Foundation Inc4255 Westbrook Dr Ste 219, Aurora, IL 60504-8125IL2001-06$1,572,914
16Hygeia Foundation, True North202 Us Route 1 Ste 200, Falmouth, ME 04105-1327ME2002-03$1,439,216
17Distance Learning Center Inc1324 W Clearfield St, Philadelphia, PA 19132-2423PA1999-04$1,353,471
18California Heart Center Foundation8536 Wilshire Boulevard 3rd Floor, Beverly Hills, CA 90211-3153CA2004-07$1,329,412
19American Society For Metabolic And Bariatric Surgery Foundation Inc100 Sw 75th St Ste 201, Gainesville, FL 32607-5776FL1998-11$1,314,235
20Anesthesia Awareness Campaign IncPO BOX 8592, Reston, VA 20195-2492VA2001-07$0
Number of organizations performing similar types of work
Alaska1
Alabama3
Arizona8
California35
Colorado9
Connecticut5
District of Columbia2
Delaware2
Florida19
Georgia7
Hawaii1
Iowa1
Idaho1
Illinois17
Indiana3
Kansas2
Kentucky2
Louisiana3
Massachusetts9
Maryland11
Maine4
Michigan11
Minnesota5
Missouri1
Montana1
North Carolina5
North Dakota1
Nebraska2
New Hampshire1
New Jersey7
New Mexico2
Nevada3
New York17
Ohio7
Oklahoma2
Oregon8
Pennsylvania8
Rhode Island2
South Carolina2
South Dakota1
Tennessee3
Texas21
Utah1
Virginia6
Vermont1
Washington6
Wisconsin4
West Virginia1
International2
Total276

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