Ashken Family Charitable Foundation Inc
- Assets
- $18.9m
- Revenue
- $6.7m
- Investments
- $17.4m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 01/2006
- Data as of
- 11/2023
- EIN
- 33-1080438
Organization Overview
Ashken Family Charitable Foundation Inc is located in Miami Beach, FL. The organization was established in 2006. 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. Ashken Family Charitable 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 11/2023, Ashken Family Charitable Foundation Inc generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.3m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ashken Family Charitable Foundation Inc has awarded 96 individual grants totaling $7,394,717. 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 |
|---|---|---|---|
Ian Ashken Vp/treasurer/secretary | 3 | $0 | |
Nancy Ashken President | 3 | $0 | |
Emily Ashken Zobl Vice-President | 3 | $0 | |
Jonathan Ashken Vice-President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40 |
| Dividends & Interest | $228,075 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,455,534 |
| Capital Gain Net Income | $6,455,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,323 |
| Total Revenue | $6,701,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83,580 |
| Total operating and administrative expenses | $100,716 |
| Contributions, gifts, grants paid | $1,245,887 |
| Total expenses and disbursements | $1,346,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,103,808 |
| 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 | $2,273,777 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $366,300 |
| Total assets | $18,894,887 |
| 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, Ashken Family Charitable Foundation Inc has awarded $1,245,887 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM J LEWIS ACADEMY PURPOSE: GENERAL OPERATIONS | $25,000 |
ANIMAL JUSTICE LEAGUE PURPOSE: GENERAL OPERATIONS | $20,000 |
CONNECTICUT FOODSHARE INC PURPOSE: GENERAL OPERATIONS | $1,000 |
FAIRFIELD UNIVERSITY PURPOSE: GENERAL OPERATIONS | $5,000 |
EARTHPLACE THE NATURE DISCOVERY CENTER INC PURPOSE: GENERAL OPERATIONS | $10,000 |
FRIENDS OF LAKE LEELANAU PURPOSE: GENERAL OPERATIONS | $100,000 |