Acahand Foundation
- Assets
- $81.4m
- Revenue
- $6.4m
- Investments
- $80.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- EIN
- 83-3070019
Organization Overview
Acahand Foundation is located in Wilmington, DE. 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. Acahand 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, Acahand Foundation generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.7%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Acahand Foundation has awarded 130 individual grants totaling $4,745,251. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
LIGHT THE WORLD CONCERT SERIES-UNITING THE ORLANDO COMMUNITY THROUGH A FAITH FOCUSED CONCERT SERIES TO CONVEY POSITIVE GOOD DEEDS & TO SUPPORT EFFORTS OF ITS LOCAL COMMUNITY ORGS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Moscrip Dir | 1 | $0 | |
Steven Harris Sec, Treas, Dir | 32 | $0 | |
Scott Moscrip Dir, Pres | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/21 | $103,396 |
Swamm Enterprises Llc | 12/30/21 | $219,775 |
Red Rocket Studios Llc | 12/30/21 | $76,131 |
Olympus Wealth Management Llc | 12/30/21 | $357,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,420 |
| Dividends & Interest | $2,361,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,937,227 |
| Capital Gain Net Income | $3,935,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $114,456 |
| Total Revenue | $6,414,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $84,043 |
| Pension plans, employee benefits | $10,744 |
| Interest | $2,015 |
| Taxes | $88,089 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $171 |
| Printing and publications | $0 |
| Other expenses | $372,607 |
| Total operating and administrative expenses | $1,149,521 |
| Contributions, gifts, grants paid | $3,371,206 |
| Total expenses and disbursements | $4,520,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,286,224 |
| Net Accounts receivable | $2,472 |
| 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 | $1,991,002 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $81,437,345 |
| Accounts payable and accrued expenses | $1,863 |
| 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 | $1,863 |
Grants Awarded
Over the last fiscal year, Acahand Foundation has awarded $3,371,206 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
NEW PLYMOUTH SCHOOL DISTRICT PURPOSE: NEW PLYMOUTH SCHOOL DISTRICT | $700,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: CENTER FOR FAMILY HISTORY AND GENEALOGY | $300,000 |
Winter Park, FL PURPOSE: 4ROOTS FARM PRACTICS | $250,000 |
Laie, HI PURPOSE: I-WORK SCHOLARSHIP FUND | $200,000 |
THE SALVATION ARMY - ORLANDO AREA COMMAND PURPOSE: GENERAL & UNRESTRICTED | $173,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: BRIGHAM YOUNG UNIVERSITYS 16 PERFORMING ARTS GROUP | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |