James C Acheson Foundation
- Assets
- $9.9m
- Revenue
- $504.6k
- Investments
- $7.9m
- Employees
- 0
- Location
- Port Huron, MI
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 38-3463509
Organization Overview
James C Acheson Foundation is located in Port Huron, MI. The organization was established in 2001. 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. James C Acheson 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 12/2023, James C Acheson Foundation generated $504.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $868.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, James C Acheson Foundation has awarded 216 individual grants totaling $4,394,506. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORT HURON POLICE DEPARTMENT - PROVIDE OPERATIONAL SUPPORT
COMMUNITY FOUNDATION OF ST. CLAIR COUNTY - PROVIDE OPERATIONAL SUPPPORT AND GRANTS FOR LOCAL PROGRAMMING
PRESBYTARIAN VILLAGE OF MI FOUNDATION - PROVIDE OPERATIONAL SUPPORT
PORT HURON MUSEUM - PROVIDE OPERATIONAL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Acheson President | 0 | $0 | |
Donna M Niester Sec/treasure | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15 |
| Interest on Savings | $871 |
| Dividends & Interest | $195,208 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $252,970 |
| Capital Gain Net Income | $245,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,565 |
| Total Revenue | $504,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $148,000 |
| Pension plans, employee benefits | $11,451 |
| Interest | $0 |
| Taxes | $16,559 |
| Depreciation | $34,223 |
| Occupancy | $17,715 |
| Travel, conferences, and meetings | $1,881 |
| Printing and publications | $0 |
| Other expenses | $180,967 |
| Total operating and administrative expenses | $500,160 |
| Contributions, gifts, grants paid | $367,914 |
| Total expenses and disbursements | $868,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $234,168 |
| 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 | $769,408 |
| 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 | $1,002,697 |
| Other assets | $0 |
| Total assets | $9,897,320 |
| 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 | $15,100 |
| Total liabilities | $15,100 |
Grants Awarded
Over the last fiscal year, James C Acheson Foundation has awarded $367,914 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
MID-CITY NUTRITION PURPOSE: GENERAL SUPPORT | $6,000 |
BLUE WATER AREA CHAMBER PURPOSE: GENERAL SUPPORT | $5,000 |
COMMUNITY FOUNDATION OF ST CLAIR CO PURPOSE: GENERAL SUPPORT | $77,123 |
FAY SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |
DISCOVERY CITY EXHIBIT PURPOSE: GENERAL SUPPORT | $1,690 |
LITERACY BEYOND PURPOSE: GENERAL SUPPORT | $1,000 |