Herbert Kenneth And Janet Cleaves Acord Foundation
- Assets
- $234.9k
- Revenue
- $34.3k
- Investments
- $222.1k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-3908593
Organization Overview
Herbert Kenneth And Janet Cleaves Acord Foundation is located in Austin, TX. The organization was established in 2009. 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. Herbert Kenneth And Janet Cleaves Acord 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 12/2021, Herbert Kenneth And Janet Cleaves Acord Foundation generated $34.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $37.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Herbert Kenneth And Janet Cleaves Acord Foundation has awarded 57 individual grants totaling $275,000. 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 |
|---|---|---|---|
Matthew Holzgrafe President & Director | 1 | $0 | |
Kent Bailey Director | 0.5 | $0 | |
Virginia Bailey Secretary & Director | 1 | $0 | |
Jeffrey Holzgrafe Director | 0.5 | $0 | |
Herbert K Acord III Director | 0.5 | $0 | |
Dinah A Weems Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $7,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,373 |
| Capital Gain Net Income | $26,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $87 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,205 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $37,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,813 |
| 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 | $234,883 |
| 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, Herbert Kenneth And Janet Cleaves Acord Foundation has awarded $32,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Abiquiu, NM PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
LIFEWORKS PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $5,000 |
CAPITAL AREA FOOD BANK OF TEXAS PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $5,000 |
WOMEN'S HOME PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $5,000 |
GIVEWELL PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $2,500 |
PINK WARRIOR ADVOCATES PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |