Earl And Elizabeth Ash Foundation Of Nevada
- Assets
- $3.2m
- Revenue
- $781.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 82-0644765
Organization Overview
Earl And Elizabeth Ash Foundation Of Nevada is located in Reno, NV. The organization was established in 2017. 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. Earl And Elizabeth Ash Foundation Of Nevada 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, Earl And Elizabeth Ash Foundation Of Nevada generated $781.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $418.9k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 5 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 2018, Earl And Elizabeth Ash Foundation Of Nevada has awarded 77 individual grants totaling $968,150. 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
TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS.
TO SUPPORT THE VETERANS GUEST HOUSE TO PROVIDES UNITED STATES MILITARY SERVICE VETERANS AND THEIR FAMILIES TEMPORARY OVERNIGHT ACCOMMODATIONS WHEN RECEIVING TREATMENT AT A MEDICAL FACILITY IN THE RENO-SPARKS AREA.
TO SUPPORT DENTAL CARE TO LOW-INCOME VETERANS.
TO SUPPORT 2022 TECHNOLOGY GRANT FOR CORAL ACADEMY OF SCIENCE, A PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Gunderson President/director | 15 | $81,000 | |
Karen M Gunderson Secretary/director | 15 | $81,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $642,791 |
| Capital Gain Net Income | $642,791 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,201 |
| Total Revenue | $781,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $40,500 |
| Interest | $0 |
| Taxes | $12,393 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,753 |
| Total operating and administrative expenses | $236,396 |
| Contributions, gifts, grants paid | $182,500 |
| Total expenses and disbursements | $418,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $791,508 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,218,624 |
| 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, Earl And Elizabeth Ash Foundation Of Nevada has awarded $182,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A VET DENTAL PROGRAM PURPOSE: GENERAL PURPOSE | $25,000 |
BIG BROTHERS BIG SISTERS OF NORTHERN NEVADA PURPOSE: GENERAL PURPOSE | $5,000 |
BOYS AND GIRLS CLUB PURPOSE: GENERAL PURPOSE | $10,000 |
CORAL ACADEMY OF SCIENCE PURPOSE: GENERAL PURPOSE | $20,000 |
FOOD BANK OF NORTHERN NEVADA PURPOSE: GENERAL PURPOSE | $10,000 |
KIDS AND HORSES THERAPEUTIC RIDING CENTER PURPOSE: GENERAL PURPOSE | $5,000 |