Ace Hardware Foundation
- Assets
- $12.3m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 36-3820478
Organization Overview
Ace Hardware Foundation is located in Oak Brook, IL. The organization was established in 1992. 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. Ace Hardware 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, Ace Hardware Foundation generated $22.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $35.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ace Hardware Foundation has awarded 19 individual grants totaling $60,813,565. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAWAII SHOOTOUT
VENDOR GOLF OUTING
CELEBRITY GOLF TOURNAMENT
RETAILER FUNDRAISING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kane C Calamari President | 1 | $0 | |
William M Guzik Vice President & Treasurer | 1 | $0 | |
Mary V Donato Vice President | 1 | $0 | |
Harry D Oliver IV Assistant Treasurer | 1 | $0 | |
Kerilyn M Johnson Secretary | 1 | $0 | |
Jennifer M Glombicki Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,123,374 |
| Interest on Savings | $20,812 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,144,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $63,747 |
| Printing and publications | $31,021 |
| Other expenses | $18,646,286 |
| Total operating and administrative expenses | $18,741,054 |
| Contributions, gifts, grants paid | $16,350,807 |
| Total expenses and disbursements | $35,091,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,121,135 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,404,479 |
| 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 | $754,994 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,280,608 |
| Accounts payable and accrued expenses | $20,333 |
| Grants payable | $16,386,984 |
| Deferred revenue | $1,150,665 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,557,982 |
Grants Awarded
Over the last fiscal year, Ace Hardware Foundation has awarded $16,350,807 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S MIRACLE NETWORK PURPOSE: CHILDREN'S MEDICAL CARE | $16,086,623 |
AMERICAN RED CROSS PURPOSE: NATURAL DISASTER RELIEF | $229,184 |
ACE HELPFUL FUND PURPOSE: EMERGENCY SUPPORT | $25,000 |
CHILDREN'S MIRACLE NETWORK PURPOSE: CHILDREN'S MEDICAL CARE | $0 |
AMERICAN RED CROSS PURPOSE: NATURAL DISASTER RELIEF | $0 |
ACE HELPFUL FUND PURPOSE: EMERGENCY SUPPORT | $0 |