Ausherman Family Foundation Inc
- Assets
- $25.8m
- Revenue
- $7.4m
- Investments
- $17.5m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-4937263
Organization Overview
Ausherman Family Foundation Inc is located in Frederick, MD. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ausherman Family 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 12/2021, Ausherman Family Foundation Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ausherman Family Foundation Inc has awarded 483 individual grants totaling $5,420,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
MAINTENANCE AND OPERATING EXPENSES FOR BUILDINGS FOR CHARITABLE USE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Adams Executive Director | 40 | $0 | |
Lori Perkins Grants Manager | 40 | $76,471 | |
Marvin E Ausherman Trustee/chairman/founder | 3 | $0 | |
Justin E Ausherman Trustee/vice Chair/secretary | 3 | $0 | |
Joseph S Welty Trustee | 3 | $0 | |
Renee Ausherman Trustee/treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $272,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,106,797 |
| Capital Gain Net Income | $2,106,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$7,803 |
| Total Revenue | $7,401,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,401 |
| Other employee salaries and wages | $62,170 |
| Pension plans, employee benefits | $11,681 |
| Interest | $5,051 |
| Taxes | $58,738 |
| Depreciation | $201,847 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $182,655 |
| Total operating and administrative expenses | $749,814 |
| Contributions, gifts, grants paid | $444,527 |
| Total expenses and disbursements | $1,194,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,362 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,602 |
| 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 | $28,258 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,497,332 |
| Net Land, buildings, and equipment | $8,184,027 |
| Other assets | $0 |
| Total assets | $25,756,581 |
| Accounts payable and accrued expenses | $1,161,382 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $173,355 |
| Other liabilities | $5,000 |
| Total liabilities | $1,339,737 |
Grants Awarded
Over the last fiscal year, Ausherman Family Foundation Inc has awarded $444,527 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
SHIP OF FREDERICK COUNTY PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $100,000 |
Frederick, MD PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $85,000 |
FREDERICK COMMUNITY ACTION AGENCY PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $50,000 |
Frederick, MD PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $33,750 |
Frederick, MD PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $24,500 |
SPANISH SPEAKING COMMUNITY PURPOSE: FOR SUPPORT OF EXEMPT PURPOSE | $23,487 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |