Absher Charitable Foundation Inc
- Assets
- $32.4m
- Revenue
- $1.8m
- Investments
- $31.6m
- Employees
- 0
- Location
- Carmi, IL
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-2527679
Organization Overview
Absher Charitable Foundation Inc is located in Carmi, IL. The organization was established in 2019. 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. Absher Charitable 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 12/2023, Absher Charitable Foundation Inc generated $1.8m in total revenue. All expenses for the organization totaled $821.9k during the year ending 12/2023.
Since 2021, Absher Charitable Foundation Inc has awarded 13 individual grants totaling $1,555,120. 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 |
|---|---|---|---|
Amber Carney Executive Director | 40 | $50,000 | |
Al Fritschle Director | 0 | $0 | |
Nikki Roser Director | 0 | $0 | |
Timothy A Schuler Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $141,363 |
| Dividends & Interest | $857,486 |
| Net Rental Income | $80,151 |
| Net Gain on Sale of Assets | $668,296 |
| Capital Gain Net Income | $668,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,312 |
| Total Revenue | $1,771,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,427 |
| Interest | $0 |
| Taxes | $4,408 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $128,432 |
| Total operating and administrative expenses | $199,342 |
| Contributions, gifts, grants paid | $622,596 |
| Total expenses and disbursements | $821,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,832 |
| 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 | $31,608,674 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $160,418 |
| Total assets | $32,356,924 |
| 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, Absher Charitable Foundation Inc has awarded $622,596 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WHITE COUNTY AMBULANCE SERVICE PURPOSE: TO PROVIDE A NEW POWER LOAD SYSTEM AND TWO AUTO PULSE SYSTEMS. | $110,701 |
CARMI WHITE COUNTY CUSD#5 PURPOSE: TO PROVIDE CHILDREN A RECOVERY AND SUMMER READING PROGRAM.TO UPDATE THE CURRICULUM SUBSCRIPTION. | $123,343 |
CARMI FIRE DEPARTMENT PURPOSE: TO PROVIDE GEAR, HOSES, AND RADIOS. | $24,256 |
SCHOLARSHIPS PURPOSE: TO PROVIDE SCHOLARSHIPS TO UNIVERSITIES FOR APPROVED STUDENTS. | $280,160 |
NORRIS CITY-OMAHA-ENFIELD CUSD #3 PURPOSE: TO PROVIDE A SOUND AND LIGHTING SYSTEM. | $58,136 |
SOUTHEASTERN ILLINOIS COLLEGE PURPOSE: TO PROVIDE TO THE DUAL CREDIT PROGRAM. | $26,000 |