Asher Student Foundation
- Assets
- $60.4m
- Revenue
- $3.4m
- Investments
- $53.0m
- Employees
- 11
- Location
- San Francisco, CA
- Founding
- 04/1954
- Data as of
- 06/2021
- EIN
- 38-1690200
Organization Overview
Asher Student Foundation is located in San Francisco, CA. The organization was established in 1954. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2021, Asher Student Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asher Student 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 06/2021, Asher Student Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asher Student Foundation has awarded 52 individual grants totaling $2,359,774. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO PROVIDING SPIRITUALLY SUPPORTIVE HOUSING ACTIVITIES AND SERVICES AT ASHER HOUSED NEAR COLLEGE AND UNIVERSITY CAMPUSES, ASHER ALSO PROVIDES FINANCIAL SUPPORT TO OFFSET HOUSING COSTS FOR PARTICIPATION IN OTHER CHRISTIAN SCIENCE YOUTH SERVING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Mitchell Executive Director | 40 | $165,333 | |
Les Fishman Vice President | 1 | $0 | |
Marjorie Deline Director | 1 | $0 | |
Laura Distel Director | 1 | $0 | |
Melissa Duffy Director | 1 | $0 | |
Bobbi Mcadoo Gahlon President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,011 |
| Interest on Savings | $181,380 |
| Dividends & Interest | $604,826 |
| Net Rental Income | $126,784 |
| Net Gain on Sale of Assets | $2,368,393 |
| Capital Gain Net Income | $2,368,393 |
| Net ST Capital Gain | $407,389 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,778 |
| Total Revenue | $3,391,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,639 |
| Other employee salaries and wages | $200,980 |
| Pension plans, employee benefits | $74,492 |
| Interest | $6,814 |
| Taxes | $98,725 |
| Depreciation | $287,783 |
| Occupancy | $242,295 |
| Travel, conferences, and meetings | $8,493 |
| Printing and publications | $10,827 |
| Other expenses | $201,524 |
| Total operating and administrative expenses | $1,476,359 |
| Contributions, gifts, grants paid | $173,949 |
| Total expenses and disbursements | $1,650,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,572 |
| Savings and temporary cash investments | $1,324,343 |
| 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 | $10,256 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $53,040,769 |
| Net Land, buildings, and equipment | $5,909,731 |
| Other assets | $8,700 |
| Total assets | $60,377,371 |
| Accounts payable and accrued expenses | $82,047 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,044,000 |
| Other liabilities | $6,604 |
| Total liabilities | $1,132,651 |
Grants Awarded
Over the last fiscal year, Asher Student Foundation has awarded $173,949 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DISCOVERY BOUND PURPOSE: ORGANIZATION'S MISSION -- VARIOIUS SERVICE EVENTS/PROGRAMS | $115,612 |
SERVICE CORPS PROGRAM PURPOSE: ORGANIZATION'S MISSION -- HOUSING FOR CS YOUTH SERVICE CORPS PROGRAM | $15,000 |
CAMPS NEWFOUNDOWATONNA PURPOSE: ORGANIZATION'S MISSION -- CAMPERSHIPS FOR OVERNIGHT CAMP | $7,000 |
CAMP BOW ISLE PURPOSE: ORGANIZATION'S MISSION -- CAMPERSHIPS FOR OVERNIGHT CAMP | $7,000 |
Hughesville, PA PURPOSE: ORGANIZATION'S MISSION -- CAMPERSHIPS FOR OVERNIGHT CAMP | $7,000 |
Ballwin, MO PURPOSE: ORGANIZATION'S MISSION -- CAMPERSHIPS FOR OVERNIGHT CAMP | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Asher Student Foundation has recieved totaling $1,065.
| Awarding Organization | Amount |
|---|---|
Thomas And Michele Parsons Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Tenacre Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT | $65 |