Acheson Family Foundation
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $553.7k
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-5449358
Organization Overview
Acheson Family Foundation is located in Birmingham, MI. 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. Acheson 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.
Since 2015, Acheson Family Foundation has awarded 73 individual grants totaling $1,519,100. 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 |
|---|---|---|---|
Michael H Acheson President And Director | 1 | $0 | |
Adele F Acheson Director | 0.5 | $0 | |
Marianne Brakora Secretary, Treasurer And Director | 1 | $0 | |
Marci Deschner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,296,780 |
| Interest on Savings | $8,761 |
| Dividends & Interest | $11,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $540,009 |
| Capital Gain Net Income | $540,009 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,856,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,747 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $21,084 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $126,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,026,417 |
| 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 | $553,671 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,580,088 |
| Accounts payable and accrued expenses | $7,500 |
| 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 | $7,500 |
Grants Awarded
Over the last fiscal year, Acheson Family Foundation has awarded $105,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CITY YEAR PURPOSE: EDUCATIONAL | $10,000 |
BEYOND BASICS PURPOSE: LITERACY | $2,500 |
ETON ACADEMY PURPOSE: EDUCATIONAL | $2,500 |
GLEANERS COMMUNITY FOOD BANK OF SOUTHEAST MICHIGAN PURPOSE: FOOD AVAILABILITY | $10,000 |
CRANBROOK EDUCATIONAL COMMUNITY PURPOSE: EDUCATIONAL | $65,000 |
IMERMAN ANGELS PURPOSE: HEALTHCARE | $10,000 |