Aes Restaurant Foundation Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- Data as of
- 12/2023
- EIN
- 85-0749340
Organization Overview
Aes Restaurant Foundation Inc is located in Zionsville, IN. 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. Aes Restaurant 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 12/2023, Aes Restaurant Foundation Inc generated $1.2m in total revenue. All expenses for the organization totaled $772.3k during the year ending 12/2023.
Since 2021, Aes Restaurant Foundation Inc has awarded 83 individual grants totaling $1,093,204. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS THAT STRENGTHEN, ENHANCE, & ENRICH THE LIVES OF PEOPLE IN THE COMMUNITIES WE CALL HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE YEAR, THE AES FOUNDATION HOSTS THREE FUNDRAISERS IN THEIR 187 RESTAURANTS THROUGHOUT THE COUNTRY. EACH RESTAURANT NOMINATES A LOCAL CHARITY TO SUPPORT DURING THAT FUNDRAISING WINDOW. 100% OF THE FUNDS RAISED DURING THOSE WINDOWS GOES BACK TO THE ORGANIZATIONS CHOSEN BY OUR LOCAL TEAMS. IN ADDITION TO THESE DONATIONS, THREE TIMES A YEAR. THE AES RESTAURANT LOCATIONS ACCEPT ROUND UP DONATIONS THAT ARE USED THROUGHOUT THE YEAR TO SUPPORT COMMUNITY INITIATIVES, DISASTER RELIEF OR LOCAL NEEDS. THIS YEAR ALONE, THE AES RESTAURANT FOUNDATION HAS HELD FOUR DAY OF GIVING EVENTS, WHERE THE FOUNDATION DONATES UP TO $100,000 TO LOCAL CHARITIES IN THE COMMUNITIES IN WHICH WE LIVE AND WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wade President | OfficerTrustee | 0.1 | $0 |
Jay Bedrosian Vice President | OfficerTrustee | 0.1 | $0 |
David Early Treasurer & Secretary | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,178,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,616 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,178,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $756,063 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,658 |
| Office expenses | $5,482 |
| Information technology | $240 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,851 |
| Total functional expenses | $772,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $865,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $420,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178 |
| Total assets | $1,286,402 |
| Accounts payable and accrued expenses | $75,286 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $259,937 |
| Total liabilities | $335,223 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $951,179 |
| Total liabilities and net assets/fund balances | $1,286,402 |
Grants Awarded
Over the last fiscal year, Aes Restaurant Foundation Inc has awarded $614,040 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLAND VARSITY CHEERLEADERS PURPOSE: VARIOUS | $10,000 |
BIG BROTHERS BIG SISTERS OF THE GREATER MIAMI VALLEY PURPOSE: VARIOUS | $16,239 |
BACKPACK BUDDIES PURPOSE: VARIOUS | $9,672 |
BOYS & GIRLS CLUB OF ATHENS PURPOSE: VARIOUS | $12,853 |
BOYS & GIRLS CLUB OF VIRGINIA PURPOSE: VARIOUS | $10,752 |
BOYS & GIRLS CLUB OF SIOUXLAND INC PURPOSE: VARIOUS | $36,070 |