Achill Island Foundation
- Assets
- $3.8m
- Revenue
- $87.9k
- Investments
- $3.3m
- Employees
- 0
- Location
- Shaker Heights, OH
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-6716963
Organization Overview
Achill Island Foundation is located in Shaker Heights, OH. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Achill Island 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, Achill Island Foundation generated $87.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $194.4k during the year ending 12/2022. While expenses have increased by 1.8% 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, Achill Island Foundation has awarded 65 individual grants totaling $892,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Walton Trustee | 0.5 | $0 | |
Jeanette D Walton Trustee | 0.5 | $0 | |
Robert M Walton Trustee | 0.5 | $0 | |
Michael P Walton Trustee | 0.5 | $0 | |
Andrew S Walton Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,149 |
| Capital Gain Net Income | $29,149 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $7,420 |
| Contributions, gifts, grants paid | $187,000 |
| Total expenses and disbursements | $194,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,520 |
| Savings and temporary cash investments | $552,882 |
| 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 | $3,848,157 |
| 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, Achill Island Foundation has awarded $187,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
OUR LADY OF SORROWS CHURCH PURPOSE: GENERAL UNRESTRICTED | $1,500 |
CATHOLIC FOUNDATION FOR BROOKLYN AND QUEENS PURPOSE: GENERAL UNRESTRICTED | $7,500 |
CARDINAL SPELLMAN HIGH SCHOOL PURPOSE: GENERAL UNRESTRICTED | $20,000 |
PG CHAMBERS SCHOOL PURPOSE: GENERAL UNRESTRICTED | $5,000 |
SACRED HEART SCHOOL PURPOSE: GENERAL UNRESTRICTED | $5,000 |
SETON HALL PREPARATORY SCHOOL PURPOSE: GENERAL UNRESTRICTED | $100,000 |