Ahs Foundation
- Assets
- $9.2m
- Revenue
- $2.3m
- Investments
- $8.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1968
- Data as of
- 06/2024
- EIN
- 41-0944654
Organization Overview
Ahs Foundation is located in Minneapolis, MN. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ahs 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 06/2024, Ahs Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $608.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Ahs Foundation has awarded 235 individual grants totaling $1,446,500. 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 |
|---|---|---|---|
Lee Schubert Vice President | 1 | $0 | |
Christopher Schubert Vice President | 1 | $0 | |
David A Schubert President | 1 | $0 | |
Thomas Wright Secretary Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $883,905 |
| Interest on Savings | $0 |
| Dividends & Interest | $241,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,113,300 |
| Capital Gain Net Income | $1,113,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,996 |
| Total Revenue | $2,264,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,869 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,981 |
| Total operating and administrative expenses | $135,730 |
| Contributions, gifts, grants paid | $473,000 |
| Total expenses and disbursements | $608,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $338,696 |
| 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 | $1,639,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,182,300 |
| 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, Ahs Foundation has awarded $473,000 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE ERIE INK PURPOSE: GENERAL SUPPORT | $25,000 |
THE FRIENDS OF THE BANCROFT LIBRARY PURPOSE: GENERAL SUPPORT | $1,500 |
LAKE COUNTRY HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $1,000 |
MAUI POPS ORCHESTRA PURPOSE: GENERAL SUPPORT | $6,500 |
MILL VALLEY PUBLIC LIBRARY FDN PURPOSE: GENERAL SUPPORT | $1,000 |
RAILSTOTRAILS CONSERVANCY PURPOSE: GENERAL SUPPORT | $4,000 |