Yvonne And Don Ackerman Foundation Inc
- Assets
- $710.8k
- Revenue
- $52.5k
- Investments
- $679.6k
- Employees
- 0
- Location
- Elizabeth, NJ
- Founding
- 06/2019
- Data as of
- 06/2022
- EIN
- 82-3803050
Organization Overview
Yvonne And Don Ackerman Foundation Inc is located in Elizabeth, NJ. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Yvonne And Don Ackerman 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 06/2022, Yvonne And Don Ackerman Foundation Inc generated $52.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $54.6k during the year ending 06/2022. While expenses have increased by 1.0% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOCA WEST CHILDRENS FOUNDATION
THE LESNIAK INSTITUTE
ANTI DEFAMATION LEAGUE
SOUTH FLORIDA PBS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Ackerman President | 2 | $0 | |
Yvonne Ackerman Secretary | 2 | $0 | |
Jason Ackerman On Board Of | 2 | $0 | |
James Dworkin On Board Of | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,842 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,630 |
| Capital Gain Net Income | $30,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30 |
| Total Revenue | $52,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $88 |
| Taxes | $275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,028 |
| Total operating and administrative expenses | $8,391 |
| Contributions, gifts, grants paid | $46,207 |
| Total expenses and disbursements | $54,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,758 |
| 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 | $82,920 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $413 |
| Total assets | $710,811 |
| 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, Yvonne And Don Ackerman Foundation Inc has awarded $46,207 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI-DEFAMATION LEAGUE PURPOSE: CHARITABLE | $2,500 |
BOCA RATON WEST CHILDREN'S FOUNDATO PURPOSE: CHARITABLE | $31,600 |
HSS FOUNDATION PURPOSE: CHARITABLE | $1,500 |
PAP CORPS BOCA WEST CHAPEL PURPOSE: CHARITABLE | $200 |
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE | $100 |
CENTRAL PARK CONSERVANCY PURPOSE: CHARITABLE | $300 |