The Akers Family Foundation
- Assets
- $561.5k
- Revenue
- $84.4k
- Investments
- $270.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3728920
Organization Overview
The Akers Family Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Akers Family 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 12/2021, Akers Family Foundation generated $84.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $25.9k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi L Akers Vp, Dir | 1 | $0 | |
Matthew J Akers Vp, Dir, Sec | 1 | $0 | |
James D Akers Pres, Dir | 1 | $0 | |
Andrew D Akers Treas, Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,007 |
| Interest on Savings | $68 |
| Dividends & Interest | $5,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $906 |
| Capital Gain Net Income | $910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,800 |
| Total Revenue | $84,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,637 |
| Total operating and administrative expenses | $7,797 |
| Contributions, gifts, grants paid | $18,150 |
| Total expenses and disbursements | $25,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,885 |
| 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 | $200,000 |
| 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 | $561,502 |
| 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 Akers Family Foundation has awarded $18,150 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Pullman, WA PURPOSE: GENERAL & UNRESTRICTED | $6,500 |
Kent, WA PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Boone, NC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
BREAD OF LIFE MISSION PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Dallas, TX PURPOSE: GENERAL & UNRESTRICTED | $1,350 |
TRUTH FOR LIFE PURPOSE: GENERAL & UNRESTRICTED | $1,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abercrombie Guild Spring Lake, NJ | $0 | $390,111 |
Serviam Foundation Inc Saddle River, NJ | $7,024,929 | $1,479,116 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
Ruth And Jo Stone Foundation Wilmington, DE | $38,423,105 | $10,158,893 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |
O&r Rosner Foundation Inc Sayreville, NJ | $2,009,940 | $2,555,000 |
Homes For Hope Lancaster, PA | $4,138,617 | $1,481,409 |
Comcast Spectacor Charities Philadelphia, PA | $2,242,195 | $1,546,757 |
Unidentified Foundation Wilmington, DE | $12,790,593 | $141,502 |
Elizabeth And Joseph Massoud Family Foundation Wilmington, DE | $9,966,619 | $541,919 |
Bay Area Center For Independent Living Inc Salisbury, MD | $2,049,220 | $1,537,064 |
C A Brooks Charities 010728-2 Pittsburgh, PA | $13,041,112 | $1,268,419 |