Ael Family Foundation Inc
- Assets
- $4.5m
- Revenue
- $56.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Fernandina Beach, FL
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 26-0445549
Organization Overview
Ael Family Foundation Inc is located in Fernandina Beach, FL. The organization was established in 2007. 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. Ael 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, Ael Family Foundation Inc generated $56.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $323.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ael Family Foundation Inc has awarded 145 individual grants totaling $1,965,590. 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 |
|---|---|---|---|
Elizabeth Odom President | 0 | $0 | |
Roderick Odom Treasurer | 0 | $0 | |
Patricia Odom Director | 0 | $0 | |
Dorothy Odom Director | 0 | $0 | |
Catherine Hawkins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,425 |
| Dividends & Interest | $86,537 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,760 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,034 |
| Total Revenue | $56,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $473 |
| Taxes | $8,921 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $345 |
| Total operating and administrative expenses | $50,881 |
| Contributions, gifts, grants paid | $272,840 |
| Total expenses and disbursements | $323,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$75,609 |
| Savings and temporary cash investments | $359,493 |
| 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 | $996,539 |
| Total assets | $4,458,470 |
| Accounts payable and accrued expenses | $14,590 |
| 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 | $14,590 |
Grants Awarded
Over the last fiscal year, Ael Family Foundation Inc has awarded $272,840 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GRANT. | $2,500 |
SHRINERS HOSPITALS PURPOSE: UNRESTRICTED GRANT. | $5,000 |
HERITAGE FOUNDATION PURPOSE: UNRESTRICTED GRANT. | $10,000 |
WOMEN'S AUXILIARY PIEDMONT HOSPITAL PURPOSE: UNRESTRICTED GRANT. | $6,000 |
USO PURPOSE: UNRESTRICTED GRANT. | $1,000 |
BOYS GIRLS CLUB OF NASSAU CO FOUND PURPOSE: UNRESTRICTED GRANT. | $10,000 |