Acorn Foundation
- Assets
- $8.5m
- Revenue
- $7.9m
- Investments
- $8.3m
- Employees
- 0
- Location
- Weston, MA
- Founding
- 01/1994
- Data as of
- 12/2017
- EIN
- 04-3201916
Organization Overview
Acorn Foundation is located in Weston, MA. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2017, Acorn Foundation generated $7.9m in total revenue. All expenses for the organization totaled $3.7m during the year ending 12/2017. While expenses have increased by 5.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Alfond Trustee | 7.5 | $0 | |
Theodore B Alfond Trustee | 10 | $0 | |
Barbara Alfond Trustee | 7.5 | $0 | |
Theodore B Alfond Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,760,233 |
| Interest on Savings | $35,210 |
| Dividends & Interest | $111,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,982,169 |
| Capital Gain Net Income | $3,982,169 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,724 |
| Total Revenue | $7,890,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $92,799 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,942 |
| Total operating and administrative expenses | $175,801 |
| Contributions, gifts, grants paid | $3,566,655 |
| Total expenses and disbursements | $3,742,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,407 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,546,650 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Acorn Foundation has awarded $9,453,310 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON ARTS ACADEMY FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: UNRESTRICTED | $4,360 |
COASTAL MAINE BOTANICAL GARDENS PURPOSE: CAPITAL CAMPAIGN | $25,000 |
BELGRADE LAKES ASSOCIATION PURPOSE: UNRESTRICTED | $500 |
FLYING KITES INC PURPOSE: UNRESTRICTED | $5,000 |
HISTORIC NEW ENGLAND PURPOSE: SPONSORSHIP FOR GILDED GLAMOUR | $6,000 |