Alan L And Barbara B Ackerman Foundation
- Assets
- $861.8k
- Revenue
- $94.7k
- Investments
- $785.6k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 34-1979016
Organization Overview
Alan L And Barbara B Ackerman Foundation is located in Pittsburgh, PA. The organization was established in 2004. 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. Alan L And Barbara B Ackerman 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, Alan L And Barbara B Ackerman Foundation generated $94.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $49.2k during the year ending 12/2022. While expenses have increased by 4.6% 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, Alan L And Barbara B Ackerman Foundation has awarded 101 individual grants totaling $120,337. 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 |
|---|---|---|---|
Barbara And Alan Ackerman Director | 2 | $0 | |
Alan L Ackerman Jr Director | 2 | $0 | |
Elizabeth Ackerman Kaiden Director | 2 | $0 | |
Peter W Ackerman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,585 |
| Capital Gain Net Income | $19,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,589 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,156 |
| Contributions, gifts, grants paid | $42,029 |
| Total expenses and disbursements | $49,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,873 |
| Savings and temporary cash investments | $73,328 |
| 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 | $785,613 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $861,814 |
| 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, Alan L And Barbara B Ackerman Foundation has awarded $42,029 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD PURPOSE: GENERAL OPERATING | $150 |
AMERICAN PARKINSON DISEASE ASSOC PURPOSE: GENERAL OPERATING | $250 |
METROPOLITAN OPERA GUILD INC PURPOSE: GENERAL OPERATING | $300 |
VASSAR COLLEGE PURPOSE: GENERAL OPERATING | $500 |
JEWISH FEDERATION OF GREATER PITTSBURGH PURPOSE: GENERAL OPERATING | $2,500 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: SCHOLARSHIP | $2,250 |