Ayers Foundation
- Assets
- $6.8m
- Revenue
- $423.4k
- Investments
- $6.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-3272241
Organization Overview
Ayers Foundation is located in Pittsburgh, PA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ayers 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 12/2023, Ayers Foundation generated $423.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $503.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ayers Foundation has awarded 200 individual grants totaling $3,635,018. 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 A Ayers II Chairman | 0 | $0 | |
Pnc Bank Na Agent | 0 | $0 | |
Renee Ayers President | 0 | $0 | |
Bruce Bickel Executive Director | 0 | $0 | |
Cynthia Hamorsky Secretary | 0 | $0 | |
Florence Ayers Vice Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27,706 |
| Dividends & Interest | $189,064 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $206,604 |
| Capital Gain Net Income | $206,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2 |
| Total Revenue | $423,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,709 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,292 |
| Printing and publications | $0 |
| Other expenses | $1,091 |
| Total operating and administrative expenses | $99,250 |
| Contributions, gifts, grants paid | $404,500 |
| Total expenses and disbursements | $503,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,331 |
| 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 | $1,920,644 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,776,665 |
| 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, Ayers Foundation has awarded $404,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AGAHOZO-SHALOMN YOUTH VILLAGE PURPOSE: GENERAL | $50,000 |
ANGELS' PLACE INC PURPOSE: GENERAL | $30,000 |
COMMUNITY PARK ASSOCIATION PURPOSE: GENERAL | $10,000 |
INDUSTRIAL ARTS WORKSHOP INC PURPOSE: GENERAL | $15,000 |
HOMELESS CHILDREN'S EDUCATION FUND PURPOSE: GENERAL | $10,000 |
JEWISH FAMILY & CHILDREN'S SERVICE OF PITTSBURGH PURPOSE: GENERAL | $10,000 |