Acair Foundation
- Assets
- $4.5m
- Revenue
- $405.8k
- Investments
- $4.4m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 02/2007
- Data as of
- 06/2024
- EIN
- 20-8060816
Organization Overview
Acair Foundation is located in Scottsdale, AZ. The organization was established in 2007. 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. Acair 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 06/2024, Acair Foundation generated $405.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $254.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Acair Foundation has awarded 122 individual grants totaling $1,329,334. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACAIR FOUNDATION MAKES NO PROGRAM RELATED INVESTMENTS. NO DIRECT CHARITABLE ACTIVITIES ARE CARRIED ON BY THE FOUNDATION. ALL ADMINISTRATIVE EXPENSES INCURRED IN
CONNECTION WITH THE TAX EXEMPT PURPOSE WERE ALLOCATED TO GRANT MAKING ACTIVITIES. ALL OTHER EXPENSES OF THE FOUNDATION WERE PROPERLY ALLOCABLE TO THE INVESTMENT
ACTIVITIES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Quayle Director | 1 | $0 | |
Marilyn Quayle Director | 1 | $0 | |
Corinne Berger Director | 1 | $0 | |
Tucker Quayle Director | 1 | $0 | |
Benjamin Quayle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,157 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $245,552 |
| Capital Gain Net Income | $245,552 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $405,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $34,863 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $254,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,145 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,468,394 |
| 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, Acair Foundation has awarded $220,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHWAY CLASSICAL ACADEMY-VERITAS PURPOSE: GENERAL PURPOSE | $10,000 |
ARIZONA SCIENCE CENTER PURPOSE: GENERAL PURPOSE | $5,000 |
DUKE UNIVERSITY PURPOSE: GENERAL PURPOSE | $5,000 |
GONZAGA COLLEGE HIGH SCHOOL PURPOSE: GENERAL PURPOSE | $5,000 |
CAMELBACK BIBLE CHURCH PURPOSE: GENERAL PURPOSE | $10,000 |
JEFFERSON SCHOLORS FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |