Ahearn Foundation
- Assets
- $1.9m
- Revenue
- $127.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 10/1979
- Data as of
- 12/2022
- EIN
- 22-2266031
Organization Overview
Ahearn Foundation is located in Amherst, NY. The organization was established in 1979. 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. Ahearn 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 12/2022, Ahearn Foundation generated $127.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $134.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ahearn Foundation has awarded 58 individual grants totaling $587,300. 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 |
|---|---|---|---|
Name Not Listed Trustee | 2 | $21,327 | |
Robert J Ahearn Chairman | 2 | $0 | |
William C Ahearn Committee Secretary | 1 | $0 | |
Marilyn Ahearn Vice Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,310 |
| Capital Gain Net Income | $81,310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,327 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,458 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $24,080 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $134,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,939 |
| Savings and temporary cash investments | $100,353 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,875,759 |
| 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, Ahearn Foundation has awarded $110,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SETON CATHOLIC CENTRAL HS PURPOSE: PURCHASE OF GYMNASIUM | $20,000 |
BINGHAMTON PHILHARMONIC INC PURPOSE: SUBSIDIZE EDUCAT'L | $5,000 |
AMERICAN CIVIC ASSOCIATION OF PURPOSE: PUBLIC SUPPORT | $20,000 |
LOURDES HOSPITAL FOUNDATION PURPOSE: PUBLIC SUPPORT | $25,000 |
BINGHAMTON DOWNTOWN SINGERS INC PURPOSE: PUBLIC SERVICE | $15,000 |
TOGETHER FOR UKRAINE FOUNDATION PURPOSE: PUBLIC SERVICE | $10,000 |