Ames Fam Foundation
- Assets
- $11.4m
- Revenue
- $406.0k
- Investments
- $9.8m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 33-1011426
Organization Overview
Ames Fam Foundation is located in Traverse City, MI. The organization was established in 2002. 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. Ames Fam 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 12/2022, Ames Fam Foundation generated $406.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ames Fam Foundation has awarded 118 individual grants totaling $2,603,300. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Jean Ames Co-Trustee | 20 | $100,000 | |
John Clinton Ames Co-Trustee | 20 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $185,321 |
| Dividends & Interest | $186,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,325 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $406,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,658 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $310 |
| Total operating and administrative expenses | $232,248 |
| Contributions, gifts, grants paid | $825,000 |
| Total expenses and disbursements | $1,057,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,748 |
| Savings and temporary cash investments | $1,345,000 |
| 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 | $11,378,118 |
| 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 | $11,945 |
| Total liabilities | $11,945 |
Grants Awarded
Over the last fiscal year, Ames Fam Foundation has awarded $825,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ONE HUNDRED MILES PURPOSE: CHARITABLE CONTRIBUTIONS | $35,000 |
THE ATLANTA COMMUNITY FOOD BANK PURPOSE: CHARITABLE CONTRIBUTIONS | $50,000 |
SEEDS PURPOSE: CHARITABLE CONTRIBUTIONS | $50,000 |
GRAND TRAVERSE REGIONAL LAND CONSER PURPOSE: CHARITABLE CONTRIBUTIONS | $50,000 |
NORTHWESTERN MICHIGAN COLLEGE PURPOSE: CHARITABLE CONTRIBUTIONS | $50,000 |
THINK OF US PURPOSE: CHARITABLE CONTRIBUTIONS | $50,000 |