Ames Construction Charitable Foundation
- Assets
- $3.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Burnsville, MN
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 46-1988219
Organization Overview
Ames Construction Charitable Foundation is located in Burnsville, MN. The organization was established in 2013. 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. Ames Construction Charitable 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, Ames Construction Charitable Foundation generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 17.1% 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, Ames Construction Charitable Foundation has awarded 67 individual grants totaling $4,203,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAYO CLINIC
AMERICAN RED CROSS
CHILDREN'S HOSPITAL COLORADO FOUNDATION
THE LEUKEMIA & LYMPHOMA SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Ames President, CEO And Treasurer | 1 | $0 | |
John Ames Vice President | 1 | $0 | |
Ronald Ames Vice President | 1 | $0 | |
Mark Brennan Vice President | 1 | $0 | |
Tom Bessel Cfo, Secretary/assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,082,186 |
| 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 | $5,082,186 |
| 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 | $386,896 |
| Total operating and administrative expenses | $407,831 |
| Contributions, gifts, grants paid | $1,219,000 |
| Total expenses and disbursements | $1,626,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,104 |
| Savings and temporary cash investments | $3,300,000 |
| Net Accounts receivable | $2,300 |
| 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 | $3,915,404 |
| 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, Ames Construction Charitable Foundation has awarded $1,219,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DISASTER AND HUMANITARIAN RELIEF | $175,000 |
CHILDREN'S HOSPITAL COLORADO FOUNDATION PURPOSE: ONGOING CARE OF CHILDREN | $25,000 |
INTERMOUNTAIN FOUNDATION PURPOSE: OPERATING SUPPORT | $110,000 |
MAYO CLINIC PURPOSE: CANCER RESEARCH | $679,500 |
MINNESOTA STATE FAIR PURPOSE: OPERATING SUPPORT | $100,000 |
ARABIAN HUNTER PLEASURE ASSOCIATION PURPOSE: OPERATING SUPPORT | $10,000 |