Air Products Foundation
- Assets
- $84.9m
- Revenue
- $4.5m
- Investments
- $84.9m
- Employees
- 0
- Location
- Allentown, PA
- Founding
- 02/1981
- Data as of
- 09/2023
- EIN
- 23-2130928
Organization Overview
Air Products Foundation is located in Allentown, PA. The organization was established in 1981. 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. Air Products 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 09/2023, Air Products Foundation generated $4.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $9.9m during the year ending 09/2023. While expenses have increased by 9.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Air Products Foundation has awarded 1,368 individual grants totaling $29,629,794. 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 |
|---|---|---|---|
Melissa Schaeffer Trustee | 1 | $0 | |
Samir Serhan Trustee | 1 | $0 | |
Sean Major Trustee | 1 | $0 | |
Victoria Brifo Trustee | 1 | $0 | |
Simon Moore Trustee President | 1 | $0 | |
Sidd Manjeshwar Trustee Vice Pres/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,058,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,399,228 |
| Capital Gain Net Income | $2,399,228 |
| Net ST Capital Gain | $0 |
| Income Modifications | $14,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,457,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $503,398 |
| Contributions, gifts, grants paid | $9,435,120 |
| Total expenses and disbursements | $9,938,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $84,884,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $84,884,933 |
| 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, Air Products Foundation has awarded $9,435,120 in support to 473 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTURES TO DREAMS ENRICHMENT PURPOSE: SPONSORSHIP OF CHILDREN'S SUMMER ARTS PROGRAM | $5,000 |
ADVISORY COUNCIL FOR HIGH SCHOOL FOR ENGINEERING PROFESSIONS AT SCO PURPOSE: HSEP 16TH ANNUAL FUNDRAISING BREAKFAST | $1,000 |
AIST FOUNDATION PURPOSE: AISTECH 2023 CONFERENCE AND TRADE SHOW MAY 8-10,2023 | $15,000 |
ALBANY MED HEALTH SYSTEM PURPOSE: PAR-LEVEL SPONSOR -- 32ND ANNUAL CHILDRENS HOSPITAL GOLF TOURNAMENT | $5,500 |
ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT PURPOSE: GLOBAL CLEAN ENERGY ACTION FORUM - RECEPTION SPONSORSHIP | $1,500 |
ALLENTOWN ART MUSEUM PURPOSE: ALLENTOWN ART MUSEUM PROGRAM SUPPORT | $10,000 |