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 12/2022, Ausherman Family Foundation Inc generated $444.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ausherman Family Foundation Inc has awarded 570 individual grants totaling $5,907,817. 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
2022
Describe the Organization's Program Activity:
MAINTENANCE AND OPERATING EXPENSES FOR BUILDINGS FOR CHARITABLE USE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
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 | |
Leigh Adams Executive Director | 40 | $0 | |
Dr Denise Rollins Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $238,786 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $163,282 |
Capital Gain Net Income | $163,282 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $554 |
Total Revenue | $444,437 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $286,429 |
Other employee salaries and wages | $35,943 |
Pension plans, employee benefits | $12,824 |
Interest | $1,350 |
Taxes | $108,127 |
Depreciation | $210,425 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $765,219 |
Total operating and administrative expenses | $1,535,552 |
Contributions, gifts, grants paid | $487,317 |
Total expenses and disbursements | $2,022,869 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $25,501 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $2,972 |
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 | $26,015 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $12,861,792 |
Net Land, buildings, and equipment | $7,975,766 |
Other assets | $0 |
Total assets | $20,892,046 |
Accounts payable and accrued expenses | $1,169,128 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $78,284 |
Other liabilities | $5,000 |
Total liabilities | $1,252,412 |
Over the last fiscal year, Ausherman Family Foundation Inc has awarded $487,317 in support to 87 organizations.
Grant Recipient | Amount |
---|---|
ADVOCATES FOR THE HOMELESS PURPOSE: GENERAL OPERATING COSTS & 1ST ANNUAL GOLF TOURNAMENT JH | $1,400 |
AFRICAN AMERICAN RESOURCES PURPOSE: GENERAL OPERATING COSTS TW, CEMETERY DOCUMENTATION DR, DIGITALIZATION OF AARCH SOCIETY COLLECTION | $10,000 |
ASSOCIATION OF FUNDRAISING PROFESSIONALS PURPOSE: WESTERN MARYLAND CHAPTER NATIONAL PHILANTHROPY DAY 2022 ED | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: 2022 WALK TO END ALZHEIMERS LA | $1,500 |
BLESSINGS IN A BACKPACK PURPOSE: WORLD HUNGER DAY JP | $470 |
BOYS AND GIRLS CLUB OF FREDERICK COUNTY PURPOSE: LEADERSHIP COACHING JH | $1,750 |