Ac Foundation
- Assets
- $5.4m
- Revenue
- -$1.0m
- Investments
- $5.4m
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 80-0473481
Organization Overview
Ac Foundation is located in Cupertino, CA. The organization was established in 2009. 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. Ac Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Ac Foundation has awarded 43 individual grants totaling $1,370,791. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $156 |
| Dividends & Interest | $138,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,171,675 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $27,340 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,687 |
| Total Revenue | -$1,019,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,799 |
| Total operating and administrative expenses | $18,149 |
| Contributions, gifts, grants paid | $229,000 |
| Total expenses and disbursements | $247,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,011 |
| 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 | $13,043 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,427,553 |
| 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, Ac Foundation has awarded $229,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY CHURCH PURPOSE: CHARITY PURPOSE | $7,000 |
WEST VALLEY-MISSION COMM COLLEGE DI PURPOSE: CHARITY PURPOSE | $200,000 |
THE CHURCH IN CUPERTINO PURPOSE: CHARITY PURPOSE | $1,000 |
INTERNATIONAL STUDENTS INC PURPOSE: CHARITY PURPOSE | $11,000 |
CHP 11-99 FOUNDATION PURPOSE: CHARITY PURPOSE | $10,000 |