Akers Foundation Inc
- Assets
- $1.3m
- Revenue
- $191.5k
- Investments
- $1.2m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 09/1957
- Data as of
- 12/2022
- EIN
- 56-6044428
Organization Overview
Akers Foundation Inc is located in Charlotte, NC. The organization was established in 1957. 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. Akers Foundation Inc 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, Akers Foundation Inc generated $191.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $243.1k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 6 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 2017, Akers Foundation Inc has awarded 145 individual grants totaling $1,230,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Scott Akers Jr President | 1 | $3,000 | |
John Frederick Akers Sr Vice President | 1 | $3,000 | |
Mary Catherine Hawes Secretary | 1 | $3,000 | |
Calvin Scott Akers III Assoc Director | 0.5 | $1,000 | |
George F Akers Assoc Director | 0.5 | $1,000 | |
John Frederick Akers Jr Assoc Director | 0.5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $170 |
| Dividends & Interest | $91,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,809 |
| Capital Gain Net Income | $99,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $191,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,069 |
| Printing and publications | $0 |
| Other expenses | $1,820 |
| Total operating and administrative expenses | $23,108 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $243,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,113 |
| Savings and temporary cash investments | $0 |
| 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 | $1,080,822 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,265,196 |
| 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, Akers Foundation Inc has awarded $220,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS PLUS PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE A SPACE FOR STUDENTS TO GROW, EXPLORE, AND UNLOCK THEIR ARTISTIC POTENTIAL. | $10,000 |
ASCENSA HEALTH PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO HELP REBUILD THE LIVES OF INDIVIDUALS WHO SUFFER FROM THE DISEASE OF ADDICTION AND CO-OCCURING MENTAL HEALTH DISORDERS. | $5,000 |
ATLANTA UNION MISSION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE EMERGENCY AND LIFE-TRANSFORMING SERVICES TO THOSE IN NEED OF RESOURCES AND HOPE. | $5,000 |
ATLANTA URBAN SQUASH PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO COMBINE THE SPORT OF SQUASH WITH ACADEMIC TUTORING, HEALTH & WELLNESS EDUCATION, COMMUNITY SERVICE, SUMMER OPPORTUNITIES, AND MENTORING TO ATLANTA PUBLIC SCHOOL YOUTH. | $5,000 |
BUCKHEAD CHRISTIAN MINISTRIES PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO KEEP PEOPLE FROM BECOMING HOMELESS AND WORK TO ELEVATE THEIR POSSIBILITIES FOR ECONOMIC EMPOWERMENT. | $5,000 |
BROOKSTONE SCHOOLS OF CHARLOTTE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO STAND IN THE GAP FOR FAMILIES LIVING IN NEIGHBORHOODS WITH FAILING SCHOOLS. | $30,000 |