Ahearn Family Foundation
- Assets
- $1.6m
- Revenue
- $50.4k
- Investments
- $1.6m
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 06-1413251
Organization Overview
Ahearn Family Foundation is located in New Canaan, CT. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahearn Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ahearn Family Foundation generated $50.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $104.1k during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 7 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.
Since 2016, Ahearn Family Foundation has awarded 116 individual grants totaling $322,540. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Toce Trustee | 25 | $25,000 | |
Joseph Toce Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,865 |
| Dividends & Interest | $24,986 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,522 |
| Capital Gain Net Income | $4,522 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,073 |
| Total operating and administrative expenses | $38,863 |
| Contributions, gifts, grants paid | $65,231 |
| Total expenses and disbursements | $104,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,640 |
| Savings and temporary cash investments | $0 |
| 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 | $155,831 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,608,493 |
| 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, Ahearn Family Foundation has awarded $65,231 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SCHOOL FOR THE DEAF PURPOSE: SUPPORT TO PURCHASE AREA RUGS AND FURNISHINGS FOR THE PACES LITERACY CENTER-BASED-LEARNING ENVIRONMENT. | $1,400 |
BALLET THEATRE COMPANY PURPOSE: SUPPORT TO PURCHASE TWO MACBOOKS FOR EXPANDING STAFF. | $2,600 |
BIG BROTHERS BIG SISTERS CONNECTICUT INC PURPOSE: SUPPORT TO PURCHASE SUPPLIES FOR THEIR "LEVEL UP" EMOTIONAL LEARNING CURRICULUM. | $3,210 |
BRISTOL BRASS AND WIND ENSEMBLE PURPOSE: SUPPORT TO PURCHASE A NEW COPY MACHINE. | $3,500 |
CONNECTICUT INSTITUTE FOR THE BLIND PURPOSE: FUNDING SUPPORT FOR CRAFTS AND COOKING PROJECTS FOR CAMP TO YOU PROGRAM. | $780 |
CONNECTICUT INVENTION CONVENTION PURPOSE: SUPPORT TO PURCHASE THREE MAKEY MAKEY KITS TO BE USED IN SOUTHINGTON PUBLIC SCHOOL DISTRICT'S INVENTION EDUCATION AFTERSCHOOL PROGRAM. | $1,500 |