Acr Foundation
- Assets
- $136.8k
- Revenue
- $5.3k
- Investments
- $112.5k
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 76-0648796
Organization Overview
Acr Foundation is located in The Woodlands, TX. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Acr 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, Acr Foundation generated $5.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $32.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Acr Foundation has awarded 57 individual grants totaling $117,812. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Reese Jr Pres & Dir | 3 | $0 | |
Caryl R Reese Sec & Dir | 1 | $0 | |
Jennifer R Zucconi Dir | 1 | $0 | |
Thomas A Zucconi Dir | 1 | $0 | |
Leslie C Reese Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28 |
| Dividends & Interest | $5,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $199 |
| Capital Gain Net Income | $199 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $228 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $398 |
| Contributions, gifts, grants paid | $32,127 |
| Total expenses and disbursements | $32,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,287 |
| Savings and temporary cash investments | $16,985 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $136,784 |
| Accounts payable and accrued expenses | $7,878 |
| 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 | $7,878 |
Grants Awarded
Over the last fiscal year, Acr Foundation has awarded $32,127 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY LEGACY PURPOSE: GENERAL SUPPORT | $1,440 |
RELIANT MISSION PURPOSE: GENERAL SUPPORT | $1,800 |
LIGONIER MINISTRIES PURPOSE: GENERAL SUPPORT | $900 |
SCRIPTURE AWAKENING PURPOSE: GENERAL SUPPORT | $6,179 |
ASSOC OF FORMER STUDENTS PURPOSE: ANNUAL FUND DRIVE | $500 |
ARTS AND MUSIC PROGRAM OF TOMBALL PURPOSE: GENERAL SUPPORT | $2,000 |