Ainsworth Foundation
- Assets
- $19.1m
- Revenue
- $818.8k
- Investments
- $18.8m
- Employees
- 0
- Location
- Saegertown, PA
- Founding
- 02/2019
- Data as of
- 06/2022
- EIN
- 83-2318716
Organization Overview
Ainsworth Foundation is located in Saegertown, PA. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ainsworth 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 06/2022, Ainsworth Foundation generated $818.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ainsworth Foundation has awarded 38 individual grants totaling $2,690,000. 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 |
|---|---|---|---|
James D Lang President | 1 | $0 | |
Sean P Lang Vice President | 1 | $0 | |
Richard D Moyer Secretary/treasurer | 1 | $0 | |
G Thomas Lang Director | 1 | $0 | |
Richard A Lang Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $697,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,400 |
| Capital Gain Net Income | $101,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $818,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $181,149 |
| Contributions, gifts, grants paid | $1,095,000 |
| Total expenses and disbursements | $1,276,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,338 |
| 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 | $11,868,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,101,925 |
| Accounts payable and accrued expenses | $89,147 |
| 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 | $89,147 |
Grants Awarded
Over the last fiscal year, Ainsworth Foundation has awarded $1,095,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC FOUNDATION PURPOSE: GENERAL FUND | $525,000 |
VERNON TOWNSHIP PURPOSE: GENERAL FUND | $100,000 |
WORLD CENTRAL KITCHEN PURPOSE: GENERAL FUND | $85,000 |
Meadville, PA PURPOSE: GENERAL FUND | $50,000 |
Meadville, PA PURPOSE: GENERAL FUND | $50,000 |
Meadville, PA PURPOSE: GENERAL FUND | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |