Ashcroft Foundation Tr
- Assets
- $80.0k
- Revenue
- $32.0k
- Investments
- $40.3k
- Employees
- 0
- Location
- Fernandina Beach, FL
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 59-7111035
Organization Overview
Ashcroft Foundation Tr is located in Fernandina Beach, FL. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ashcroft Foundation Tr 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, Ashcroft Foundation Tr generated $32.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $20.4k during the year ending 12/2022. While expenses have increased by 11.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MAIN FUNCTION IS TO MAKE CONTRIBUTIONS TO PUBLIC CHARITIES MAINLY IN THE PUBLIC MINISTRY AREA FOCUSED ON YOUNG PEOPLE. THE BOARD OF DIRECTORS INVESTIGATES VARIOUS CHARITIES IN THE AREA AND THEN VOTES TO CONTRIBUTE VARIOUS AMOUNTS TO THESE SPECIFIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Terry Trustee | 5 | $0 | |
Donna Terry Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,784 |
| Interest on Savings | $351 |
| Dividends & Interest | $735 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,117 |
| Capital Gain Net Income | $24,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $379 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,279 |
| Contributions, gifts, grants paid | $19,100 |
| Total expenses and disbursements | $20,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,735 |
| 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 | $8,006 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $80,037 |
| Accounts payable and accrued expenses | $6,403 |
| 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 | $6,403 |
Grants Awarded
Over the last fiscal year, Ashcroft Foundation Tr has awarded $19,100 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Fernandina Beach, FL PURPOSE: CHRISTIAN MINISTRY | $6,400 |
Louisville, KY PURPOSE: CHRISTIAN MINISTRY | $5,000 |
THE BAPTIST CHURCH OF NORTHVILLE PURPOSE: CHRISTIAN MINISTRY | $4,000 |
THE WOMENS HEALTH CENTER PURPOSE: HEALTHCARE | $1,300 |
SET FREE CHURCH PURPOSE: CHRISTIAN MINISTRY | $500 |
NAVIGATORS PURPOSE: CHRISTIAN MINISTRY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Lattner Family Foundation Inc Delray Beach, FL | $83,049,454 | $6,453,485 |
The Leandro P Rizzuto Foundation Boynton Beach, FL | $36,759,005 | $9,755,939 |
Bluebell Foundation North Palm Beach, FL | $4,746,797 | $3,595,291 |