M A & G A Ackerman Memorial Fund 32-44303-8
- Assets
- $24.9m
- Revenue
- $721.2k
- Investments
- $24.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/1973
- Data as of
- 12/2023
- EIN
- 36-6039158
Organization Overview
M A & G A Ackerman Memorial Fund 32-44303-8 is located in Dallas, TX. The organization was established in 1973. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M A & G A Ackerman Memorial Fund 32-44303-8 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 12/2023, M A & G A Ackerman Memorial Fund 32-44303-8 generated $721.2k 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 (13.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, M A & G A Ackerman Memorial Fund 32-44303-8 has awarded 28 individual grants totaling $1,305,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $661,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,437 |
| Capital Gain Net Income | $13,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,526 |
| Total Revenue | $721,241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,216 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,773 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,425 |
| Total operating and administrative expenses | $212,685 |
| Contributions, gifts, grants paid | $1,305,000 |
| Total expenses and disbursements | $1,517,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $518,728 |
| 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 | $24,885,413 |
| 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, M A & G A Ackerman Memorial Fund 32-44303-8 has awarded $1,305,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CRISTO REY NY HIGH SCHOOL PURPOSE: UNRESTRICTED GENERAL | $45,000 |
REFORMED DUTCH CHURCH AT GREENPOINT PURPOSE: UNRESTRICTED GENERAL | $40,000 |
ST FRANCIS HOSPITAL FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $40,000 |
CATHEDRAL CHURCH OF ST JOHN THE DIVINE PURPOSE: UNRESTRICTED GENERAL | $80,000 |
SAINT LUKE'S LUTHERAN CHURCH PURPOSE: UNRESTRICTED GENERAL | $25,000 |
NEW YORK FOUNDLING HOSPITAL PURPOSE: UNRESTRICTED GENERAL | $50,000 |