Ackerman Foundation Inc
- Assets
- $8.2m
- Revenue
- $1.2m
- Investments
- $8.2m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/1997
- Data as of
- 11/2023
- EIN
- 58-2284728
Organization Overview
Ackerman Foundation Inc is located in Denver, CO. The organization was established in 1997. 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. Ackerman Foundation Inc 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 11/2023, Ackerman Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $414.4k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ackerman Foundation Inc has awarded 146 individual grants totaling $2,235,600. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Ackerman President & Director | 1 | $0 | |
Steven J Ackerman Director | 0 | $0 | |
Cherilyn Lawrence Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $945,289 |
| Interest on Savings | $538 |
| Dividends & Interest | $243,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,924 |
| Capital Gain Net Income | $45,924 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,235,221 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $4,453 |
| Total operating and administrative expenses | $39,372 |
| Contributions, gifts, grants paid | $375,000 |
| Total expenses and disbursements | $414,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,241 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,245,430 |
| 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, Ackerman Foundation Inc has awarded $375,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INDIAN CHILD RESOURCE CENTER PURPOSE: GENERAL OPERATIONS | $21,000 |
ALLIANCE FOR CHOICE EDUCATION PURPOSE: SCHOLARSHIPS FOR COLORADO | $10,000 |
BLACK EMOTIONAL AND MENTAL HEALTH COLLECTIVE PURPOSE: GENERAL OPERATIONS | $26,000 |
ASSOCIATION OF GRADUATES OF THE UNITED STATES MILITARY ACCADAMY PURPOSE: TO FURTHER EXEMPT PURPOSE | $25,000 |
COCOON PROJECT PURPOSE: STORAGE UNIT | $5,000 |
CHILDREN OF FALLEN PATRIOTS PURPOSE: GENERAL OPERATIONS | $15,000 |