Akin Family Foundation
- Assets
- $12.1m
- Revenue
- $6.4m
- Investments
- $7.2m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 03/2018
- Data as of
- 03/2022
- EIN
- 81-4714847
Organization Overview
Akin Family Foundation is located in Boulder, CO. The organization was established in 2018. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akin 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 03/2022, Akin Family Foundation generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $455.8k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Akin Family Foundation has awarded 51 individual grants totaling $2,299,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas B Akin President | 1 | $0 | |
Karen H Akin Vice President | 1 | $0 | |
Kyle P Akin Executive Director | 1 | $0 | |
Blair S Akin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,216 |
| Dividends & Interest | $607,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,392,030 |
| Capital Gain Net Income | $5,392,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $410,394 |
| Total Revenue | $6,415,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,555 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $224 |
| Other expenses | $124 |
| Total operating and administrative expenses | $15,765 |
| Contributions, gifts, grants paid | $440,000 |
| Total expenses and disbursements | $455,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,404 |
| Savings and temporary cash investments | $2,221,746 |
| 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 | $2,593,804 |
| Total assets | $12,101,746 |
| Accounts payable and accrued expenses | $535 |
| 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 | $535 |
Grants Awarded
Over the last fiscal year, Akin Family Foundation has awarded $1,175,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BELVEDERE COVE FOUNDATION PURPOSE: DONATION | $5,000 |
JOHN PEARSE FUND - UCSC PURPOSE: DONATION | $480,000 |
NINE DOTS PURPOSE: DONATION | $45,000 |
GENO'S YOUTH CENTER PURPOSE: DONATION | $500 |
SEYMOUR CENTER PURPOSE: DONATION | $100,000 |
SPECIAL OLYMPICS PURPOSE: DONATION | $10,000 |