The Thomas C Ackerman Foundation
- Assets
- $3.4m
- Revenue
- $435.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- La Mesa, CA
- Founding
- 09/1991
- Data as of
- 12/2023
- EIN
- 33-0477490
Organization Overview
The Thomas C Ackerman Foundation is located in La Mesa, CA. The organization was established in 1991. 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. Thomas C Ackerman 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, Thomas C Ackerman Foundation generated $435.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $386.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas C Ackerman Foundation has awarded 176 individual grants totaling $4,831,710. 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 |
|---|---|---|---|
Zachary Copeland President/dir. | 15 | $0 | |
H Michael Collins Treasurer And CFO | 1 | $0 | |
Victoria Luntzel Director | 1 | $0 | |
T Michelle Hauser Director | 1 | $0 | |
Lynne Newman Copeland Administrator | 20 | $96,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$95,477 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $498,348 |
| Total Revenue | $435,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,326 |
| Total operating and administrative expenses | $235,963 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $385,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $231,272 |
| 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 | $198,499 |
| Total assets | $3,437,675 |
| 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, The Thomas C Ackerman Foundation has awarded $150,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BARRIO LOGAN COLLEGE INSTITUTE PURPOSE: EDUCATION | $6,500 |
BOYS & GIRLS CLUB OF VISTA PURPOSE: EDUCATION | $5,000 |
ARTSBUSXPRESS PURPOSE: CULTURAL & EDUCATION | $10,000 |
CLASSICS 4 KIDS PURPOSE: EDUCATION | $5,000 |
BOYS & GIRLS CLUBS OF EAST COUNTY INC PURPOSE: EDUCATION | $5,000 |
ELEMENTARY INSTITUTE OF SCIENCE PURPOSE: EDUCATION | $10,000 |