Usher Family Charitable Foundation
- Assets
- $6.9m
- Revenue
- $659.8k
- Investments
- $6.8m
- Employees
- 0
- Location
- Bonita Springs, FL
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 25-6681379
Organization Overview
Usher Family Charitable Foundation is located in Bonita Springs, FL. The organization was established in 2000. 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. Usher Family Charitable 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, Usher Family Charitable Foundation generated $659.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Usher Family Charitable Foundation has awarded 544 individual grants totaling $4,802,776. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRINCIPAL CHARITABLE ACTIVITY CONSISTS OF DISTRIBUTING INCOME AND PRINCIPAL TO PUBLIC CHARITIES. IN THE 2023 YEAR, IT DISTRIBUTED $ 975,833 TO QUALIFIED CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Usher Trustee | 4 | $0 | |
Sandra L Usher Trustee | 0.1 | $0 | |
Leanne Bentz Director | 0.1 | $25,000 | |
James M Usher Director | 0.1 | $25,000 | |
Lauren T Gama Deceased Director | 0.1 | $0 | |
Thomas J Usher Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,935 |
| Dividends & Interest | $183,063 |
| Net Rental Income | $1 |
| Net Gain on Sale of Assets | $466,169 |
| Capital Gain Net Income | $498,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,593 |
| Total Revenue | $659,760 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,234 |
| Taxes | $2,692 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,179 |
| Total operating and administrative expenses | $137,706 |
| Contributions, gifts, grants paid | $975,833 |
| Total expenses and disbursements | $1,113,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,110 |
| 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 | $1,487,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000 |
| Total assets | $6,900,645 |
| 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, Usher Family Charitable Foundation has awarded $975,833 in support to 151 organizations.
| Grant Recipient | Amount |
|---|---|
A THOUSAND HILLS PURPOSE: EXEMPT FUNCTION OF CHARITY | $1,000 |
ACCURACY IN ACADEMIA PURPOSE: EXEMPT FUNCTION OF CHARITY | $100 |
ACCURACY IN MEDIA PURPOSE: EXEMPT FUNCTION OF CHARITY | $200 |
ADAMS QUEST PURPOSE: EXEMPT FUNCTION OF CHARITY | $3,000 |
ALICE LLOYD COLLEGE PURPOSE: EXEMPT FUNCTION OF CHARITY | $200 |
AMERICA CORNERSTONE INSTITUTE PURPOSE: EXEMPT FUNCTION OF CHARITY | $1,000 |