Acorn Foundation
- Assets
- $4.4m
- Revenue
- $107.6k
- Investments
- $4.3m
- Employees
- 0
- Location
- Chanhassen, MN
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 41-1891595
Organization Overview
Acorn Foundation is located in Chanhassen, MN. The organization was established in 1998. 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. Acorn 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, Acorn Foundation generated $107.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $299.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Acorn Foundation has awarded 65 individual grants totaling $2,148,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATING SUPPORT FOR SELECTED PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Sheldon President/secretary | 0 | $0 | |
Dan Sheldon Vice President | 0 | $0 | |
Matthew Hanson Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $110,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,472 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $19,200 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,536 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $69,294 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $299,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,757 |
| 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 | $4,276,792 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,377,549 |
| Accounts payable and accrued expenses | $50 |
| 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 | $50 |
Grants Awarded
Over the last fiscal year, Acorn Foundation has awarded $230,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
CARING BRIDGE PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
HORSES FOR HEROES - NEW MEXICO INC PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
NC LITTLE HOSPICE INC PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
NATURE CONSERVANCY MN PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
RISE INCORPORATED PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |