Asi-a Shared Initiative Incorporated

Overview

Asi-a Shared Initiative Incorporated, also known as the OnPath Foundation, is a nonprofit organization based in Metairie, Louisiana, dedicated to funding and supporting community initiatives aimed at creating generational wealth. The organization operates under the 501(c)(3) designation, which allows for tax-deductible donations to its programs.

Mission

The mission of the organization is to empower communities by funding initiatives that promote economic stability and growth, specifically targeting efforts that facilitate wealth accumulation and self-sufficiency among underrepresented populations.

Financial Information

Asi-a Shared Initiative Incorporated has demonstrated financial stability over the years, with the following key figures for the fiscal year ending December 31, 2022:

• Total Revenue: $160,000
• Total Expenses: $154,000
• Total Assets: $2.92 million
• Total Liabilities: $0

The majority of the organization's revenue comes from investment income, which accounted for a significant portion of its total income[1][2]. In recent filings, it has reported contributions and program services as additional sources of revenue, contributing to its mission-driven activities.

Programs and Services

The organization focuses on various programs centered around human services, particularly in areas such as emergency assistance, which encompasses food, clothing, and cash support. This multi-faceted approach allows the organization to address immediate community needs while also working toward long-term wealth generation solutions.

Leadership and Governance

Asi-a Shared Initiative Incorporated is governed by a board of directors, which includes:

• Sonia Jarvis (Chief Executive Officer)
• Karen Boudreaux (Chairperson)
• Lydia Cutrer (Vice Chair)
• Martha Castillo (Secretary/Treasurer)
• Other directors committed to advancing the organization's goals.

Despite the nonprofit status of its leadership, the organization demonstrates a commitment to transparency and accountability in its governance practices[1][3].

Charity Ratings

The organization has received a rating of 3 out of 4 stars from Charity Navigator, indicating a strong performance in its financial health and accountability practices[3]. This rating reflects its effective management of resources and adherence to best practices in nonprofit governance.

Conclusion

Asi-a Shared Initiative Incorporated plays a vital role in promoting community development and economic empowerment across its service areas. By focusing on initiatives that foster generational wealth, the organization aims to create lasting positive impacts on the communities it serves.