Ameri-Foundation Inc
- Assets
- $208.1k
- Revenue
- $61.9k
- Investments
- $151.5k
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-1101280
Organization Overview
Ameri-Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2005. 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. Ameri-Foundation Inc 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, Ameri-Foundation Inc generated $61.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $51.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ameri-Foundation Inc has awarded 14 individual grants totaling $290,382. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS ESTABLISHED ALLIANCES WITH MINISTRY ORGANIZATIONS TO OPEN THE DOORS OF OPPORTUNITY AND GENERATE RESOURCES TO HELP IN ITS MINISTRY OF PLACING HOPE IN PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry J Woerner President | 1 | $0 | |
Carol S Woerner Treasurer | 1 | $0 | |
Darren Woerner Vice Preside | 1 | $0 | |
Phillip Woerner Vice Preside | 1 | $0 | |
Julie Papke Vice Preside | 1 | $0 | |
John Leavitt Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $1,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $55 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $51,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,183 |
| Savings and temporary cash investments | $435 |
| 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 | $208,079 |
| 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, Ameri-Foundation Inc has awarded $51,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST FELLOWSHIP CHURCH PURPOSE: RELIGIOUS WORK | $44,000 |
FIRST CARE WOMEN'S CLINIC PURPOSE: HEALTHCARE/RELIGIOUS | $1,000 |
PALM BEACH SYNAGOUGE PURPOSE: RELIGIOUS | $1,000 |
HEARTLAND CHRISTIAN PURPOSE: EDUCATION | $5,000 |