Ayers Foundation
- Assets
- $11.2m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, TN
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 62-1773033
Organization Overview
Ayers Foundation is located in Parsons, TN. The organization was established in 1999. 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. Ayers 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, Ayers Foundation generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ayers Foundation has awarded 250 individual grants totaling $20,201,799. 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
AYERS FOUNDATION SCHOLAR PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Johnson Rhodes Executive Director | 40 | $0 | |
Michael B Meadows Director Post-Second | 41 | $135,049 | |
Lisa Dipasquale Accounting Director | 40 | $119,489 | |
Mary Lauren Garner Counselor/director | 43 | $106,183 | |
Matthew Gordon It Coordinator | 40 | $91,395 | |
Janet Ayers President | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holton & Mayberry Pc | 12/30/21 | $69,103 |
Crisp Communications Llc | 12/30/21 | $51,320 |
P3 Consulting Llc | 12/30/21 | $47,500 |
Tristar Strategies Llc | 12/30/21 | $70,000 |
Cherry Bekaert Llp | 12/30/21 | $129,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,935,416 |
| Interest on Savings | $1,760 |
| Dividends & Interest | $42 |
| 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 | $3,175 |
| Total Revenue | $10,940,393 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,555,931 |
| Pension plans, employee benefits | $255,764 |
| Interest | $0 |
| Taxes | $126,190 |
| Depreciation | $223,511 |
| Occupancy | $14,005 |
| Travel, conferences, and meetings | $479 |
| Printing and publications | $0 |
| Other expenses | $568,931 |
| Total operating and administrative expenses | $3,135,978 |
| Contributions, gifts, grants paid | $5,008,046 |
| Total expenses and disbursements | $8,144,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,008,138 |
| Net Accounts receivable | $950 |
| Net Pledges Receivable | $0 |
| Grants receivable | $108,893 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,942,633 |
| 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 | $6,127,483 |
| Other assets | $18,057 |
| Total assets | $11,206,154 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $108,893 |
| 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 | $108,893 |
Grants Awarded
Over the last fiscal year, Ayers Foundation has awarded $5,008,046 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF MIDDLE TENNESSEE PURPOSE: GENERAL/OPERATING | $1,735,000 |
Nashville, TN PURPOSE: GENERAL/OPERATING | $1,500,000 |
VANDERBILT UNIVERSITY MEDICAL CENTER PURPOSE: GENERAL/OPERATING | $250,000 |
Nashville, TN PURPOSE: GENERAL/OPERATING | $231,273 |
TENNESSEE STATE MUSEUM PURPOSE: GENERAL/OPERATING | $200,000 |
Johnson City, TN PURPOSE: GENERAL/OPERATING | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ayers Foundation has recieved totaling $8,000,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $8,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |