Aircast Foundation Inc
- Assets
- $9.9m
- Revenue
- $439.8k
- Investments
- $9.7m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 22-2784475
Organization Overview
Aircast Foundation Inc is located in Naples, FL. The organization was established in 1996. 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. Aircast 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, Aircast Foundation Inc generated $439.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $384.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Aircast Foundation Inc has awarded 37 individual grants totaling $2,054,188. 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 |
|---|---|---|---|
Henry J Mcvicker President | 5 | $10,000 | |
Jeff M Novatt Treasurer | 5 | $10,000 | |
Mary Noyes Trustee | 5 | $10,000 | |
Richard Kyle MD Director | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $247,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $192,455 |
| Capital Gain Net Income | $192,455 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $439,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $356 |
| Taxes | $6,800 |
| Depreciation | $2,213 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $64,484 |
| Printing and publications | $0 |
| Other expenses | $15,988 |
| Total operating and administrative expenses | $259,116 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $384,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,762 |
| 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 | $9,737,219 |
| Net Land, buildings, and equipment | $4,281 |
| Other assets | $0 |
| Total assets | $9,909,262 |
| Accounts payable and accrued expenses | $7,951 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,043 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,994 |
Grants Awarded
Over the last fiscal year, Aircast Foundation Inc has awarded $125,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RUSH UNIVERSITY PURPOSE: ORTHOPAEDIC RESEARCH | $10,000 |
AMERICAN ACADEMY OF ORTHOPEDIC SURG PURPOSE: ORTHOPAEDIC RESEARCH | $10,000 |
ORTHOPEDIC TRAUMA ASSOCIATION PURPOSE: ORTHOPAEDIC RESEARCH | $100,000 |
IAN S MICHELSON PURPOSE: ORTHOPAEDIC RESEARCH | $5,000 |