Amherst Foundation
- Assets
- $2.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-1559309
Organization Overview
Amherst Foundation is located in Austin, TX. The organization was established in 2012. 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. Amherst 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, Amherst Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 16.5% per year over the past 8 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 2015, Amherst Foundation has awarded 321 individual grants totaling $4,428,371. 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 |
|---|---|---|---|
Sean Dobson Director | 1 | $0 | |
Steve Gorman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,940,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,940,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,050 |
| Total operating and administrative expenses | $4,050 |
| Contributions, gifts, grants paid | $1,276,775 |
| Total expenses and disbursements | $1,280,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,850,457 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $17,137 |
| 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 | $2,867,594 |
| Accounts payable and accrued expenses | $3,800 |
| 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 | $3,800 |
Grants Awarded
Over the last fiscal year, Amherst Foundation has awarded $1,276,775 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FIBROLAMELLAR CANCER FOUNDATION PURPOSE: SUPPORT FOR MEDICAL RESEARCH REGARDING FIBROLAMELLAR CANCER CURE. | $25,000 |
PROSTATE CANCER CENTER FOUNDATION PURPOSE: PROSTATE CANCER RESEARCH. | $23,000 |
READWORKS PURPOSE: ANNUAL DONATION TO HELP FUND EFFORTS TO IMPROVE THE LITERARY COMPREHENSION OF STUDENTS AND ASSIST TEACHERS TO HELP REACH THE LITERARY GOALS | $15,000 |
ACAD OF TELE ARTS SCI FOUNDATION PURPOSE: TO SUPPORT EDUCATIONAL AND PRESERVATION PROGRAMS INCLUDING THE SUMMER INTERNSHIP PROGRAMS, AND SUPPORT COLLEGE STUDENT-PRODUCED VIDEO, DIGITAL AND FILM PRODUCTIONS | $18,000 |
FOUNDATION COMMUNITIES INC PURPOSE: TO SUPPORT THE FOUNDATION TO PROVIDE AN AFFORDABLE, ATTRACTIVE PLACE TO CALL HOME, AS WELL AS OPPORTUNITIES RIGHT AT THEIR DOORSTEP TO TRANSFORM THEIR LIVES. | $5,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: TO SUPPORT DATA RESEARCH ON CANCER | $1,000,000 |