Asher Foundation
- Assets
- $40.9k
- Revenue
- $275.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bal Harbour, FL
- Founding
- 01/2004
- Data as of
- 06/2023
- EIN
- 82-0551097
Organization Overview
Asher Foundation is located in Bal Harbour, FL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Asher 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 06/2023, Asher Foundation generated $275.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $305.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Asher Foundation has awarded 51 individual grants totaling $1,299,030. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKES CHARITABLE CONTRIBUTIONS TO ORGANIZATIONS WHICH AREQUALIFED IRC 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Kestenbaum Trustee | 0.01 | $0 | |
Deborah Kestenbaum Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $275,000 |
| Interest on Savings | $172 |
| 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 | $275,172 |
| 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 | $0 |
| Total operating and administrative expenses | $5,000 |
| Contributions, gifts, grants paid | $300,310 |
| Total expenses and disbursements | $305,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,927 |
| Savings and temporary cash investments | $5,000 |
| 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 | $20,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,927 |
| 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, Asher Foundation has awarded $300,310 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FARE MEALS INC PURPOSE: UNRESTRICTED GRANT TO THE NAMED CHARITY TO CARRY OUT ITS CHARITABLE PURPOSE. | $100,000 |
KOL HANEARIM INC PURPOSE: UNRESTRICTED GRANT TO THE NAMED CHARITY TO CARRY OUT ITS CHARITABLE PURPOSE. | $10,000 |
YOUNG ISRAEL OF BAL HARBOR-ABBOT PURPOSE: UNRESTRICTED GRANT TO THE NAMED CHARITY TO CARRY OUT ITS CHARITABLE PURPOSE. | $2,210 |
CONGREGATION KEHILATH JESHURUN PURPOSE: UNRESTRICTED GRANT TO THE NAMED CHARITY TO CARRY OUT ITS CHARITABLE PURPOSE. | $24,000 |
CHABAD OF WINDSOR TERRACE PURPOSE: UNRESTRICTED GRANT TO THE NAMED CHARITY TO CARRY OUT ITS CHARITABLE PURPOSE. | $3,600 |
BLANK CENTER FOR STUTTERING PURPOSE: UNRESTRICTED GRANT TO THE NAMED CHARITY TO CARRY OUT ITS CHARITABLE PURPOSE. | $25,000 |