Ausherman Family Foundation Inc
- Assets
- $20.9m
- Revenue
- $444.4k
- Investments
- $12.9m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 20-4937263
Organization Overview
Ausherman Family Foundation Inc is located in Frederick, MD. The organization was established in 2006. 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. Ausherman Family 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, Ausherman Family Foundation Inc generated $444.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ausherman Family Foundation Inc has awarded 570 individual grants totaling $5,907,817. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
MAINTENANCE AND OPERATING EXPENSES FOR BUILDINGS FOR CHARITABLE USE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin E Ausherman Trustee/chairman/founder | 3 | $0 | |
Justin E Ausherman Trustee/vice Chair/secretary | 3 | $0 | |
Joseph S Welty Trustee | 3 | $0 | |
Renee Ausherman Trustee/treasurer | 3 | $0 | |
Leigh Adams Executive Director | 40 | $0 | |
Dr Denise Rollins Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $238,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $163,282 |
| Capital Gain Net Income | $163,282 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $554 |
| Total Revenue | $444,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $286,429 |
| Other employee salaries and wages | $35,943 |
| Pension plans, employee benefits | $12,824 |
| Interest | $1,350 |
| Taxes | $108,127 |
| Depreciation | $210,425 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $765,219 |
| Total operating and administrative expenses | $1,535,552 |
| Contributions, gifts, grants paid | $487,317 |
| Total expenses and disbursements | $2,022,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,501 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,972 |
| 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 | $26,015 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,861,792 |
| Net Land, buildings, and equipment | $7,975,766 |
| Other assets | $0 |
| Total assets | $20,892,046 |
| Accounts payable and accrued expenses | $1,169,128 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $78,284 |
| Other liabilities | $5,000 |
| Total liabilities | $1,252,412 |
Grants Awarded
Over the last fiscal year, Ausherman Family Foundation Inc has awarded $487,317 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR THE HOMELESS PURPOSE: GENERAL OPERATING COSTS & 1ST ANNUAL GOLF TOURNAMENT JH | $1,400 |
AFRICAN AMERICAN RESOURCES PURPOSE: GENERAL OPERATING COSTS TW, CEMETERY DOCUMENTATION DR, DIGITALIZATION OF AARCH SOCIETY COLLECTION | $10,000 |
ASSOCIATION OF FUNDRAISING PROFESSIONALS PURPOSE: WESTERN MARYLAND CHAPTER NATIONAL PHILANTHROPY DAY 2022 ED | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: 2022 WALK TO END ALZHEIMERS LA | $1,500 |
BLESSINGS IN A BACKPACK PURPOSE: WORLD HUNGER DAY JP | $470 |
BOYS AND GIRLS CLUB OF FREDERICK COUNTY PURPOSE: LEADERSHIP COACHING JH | $1,750 |