Ayers Foundation
- Assets
- $12.2m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, TN
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 62-1773033
Organization Overview
Ayers Foundation is located in Parsons, TN. The organization was established in 1999. 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. Ayers 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, Ayers Foundation generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 13.1% per year over the past 7 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 2016, Ayers Foundation has awarded 336 individual grants totaling $28,096,421. 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
AYERS FOUNDATION SCHOLAR PROGRAM
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 |
|---|---|---|---|
James W Ayers Chairman | 5 | $0 | |
Jon Ayers Director | 3 | $0 | |
Dr Agenia Clark Secretary | 1 | $0 | |
Janet Ayers President | 15 | $0 | |
Joann Lynn Director | 1 | $0 | |
Kristy Ayers Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holton & Mayberry Pc | 12/30/22 | $116,873 |
Cherry Bekaert Llp | 12/30/22 | $31,400 |
Bdo Usa | 12/30/22 | $32,952 |
Hunter Smith & Davis Llp | 12/30/22 | $12,926 |
Storbeck Search Llc | 12/30/22 | $56,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,443,749 |
| Interest on Savings | $4,763 |
| Dividends & Interest | $11,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,349 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $8,450,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,565,633 |
| Pension plans, employee benefits | $245,204 |
| Interest | $0 |
| Taxes | $128,110 |
| Depreciation | $225,758 |
| Occupancy | $15,043 |
| Travel, conferences, and meetings | $16 |
| Printing and publications | $0 |
| Other expenses | $532,853 |
| Total operating and administrative expenses | $2,953,245 |
| Contributions, gifts, grants paid | $4,632,011 |
| Total expenses and disbursements | $7,585,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,742,892 |
| Net Accounts receivable | $950 |
| Net Pledges Receivable | $0 |
| Grants receivable | $74,843 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,214,045 |
| 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 | $5,913,901 |
| Other assets | $278,952 |
| Total assets | $12,225,583 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $74,843 |
| 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 | $74,843 |
Grants Awarded
Over the last fiscal year, Ayers Foundation has awarded $4,632,011 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
JONESBOROUGH UNITED METHODIST CHURCH PURPOSE: GENERAL/OPERATING | $25,000 |
KIWANIS CLUB OF ERWIN PURPOSE: CHARITABLE PURPOSES | $1,000 |
SECOND HARVEST FOOD PURPOSE: GENERAL/OPERATING | $35,000 |
TENNESSEE CHILDREN'S HOME DONATION PURPOSE: GENERAL/OPERATING | $500 |
CENTERSTONE FOUNDATION PURPOSE: GENERAL/OPERATING | $10,000 |
CHEEKWOOD PURPOSE: GENERAL/OPERATING | $10,000 |