Absher Charitable Foundation Inc
- Assets
- $31.4m
- Revenue
- $19.6m
- Investments
- $30.8m
- Employees
- 0
- Location
- Carmi, IL
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-2527679
Organization Overview
Absher Charitable Foundation Inc is located in Carmi, IL. 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. Absher Charitable 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 12/2022, Absher Charitable Foundation Inc generated $19.6m in total revenue. All expenses for the organization totaled $650.3k during the year ending 12/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Carney Executive Director | 40 | $50,000 | |
Timothy A Schuler Director | 0 | $0 | |
Al Fritschle Director | 0 | $0 | |
Nikki Roser Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,977,214 |
| Interest on Savings | $34,085 |
| Dividends & Interest | $550,644 |
| Net Rental Income | $122,894 |
| Net Gain on Sale of Assets | -$2,038,782 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,646,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,313 |
| Interest | $0 |
| Taxes | $18,276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82,863 |
| Total operating and administrative expenses | $168,532 |
| Contributions, gifts, grants paid | $481,718 |
| Total expenses and disbursements | $650,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,258 |
| 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 | $30,758,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $69,636 |
| Total assets | $31,407,254 |
| 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, Absher Charitable Foundation Inc has awarded $481,718 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Eldorado, IL PURPOSE: TO BUILD A NEW CLINIC. | $300,000 |
SCHOLARSHIPS PURPOSE: TO PROVIDE SCHOLARSHIPS TO UNIVERSITIES FOR APPROVED STUDENTS. | $176,718 |
WHITE COUNTY CEO PROGRAM PURPOSE: TO PROVIDE CHILDREN THE EXPERIENCE IN MAINTAINING THEIR OWN BUSINESS. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |