Acahand Foundation
- Assets
- $79.7m
- Revenue
- $3.4m
- Investments
- $76.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- 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 12/2022, Acahand Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.6%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Acahand Foundation has awarded 235 individual grants totaling $7,350,349. 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
2022
Describe the Organization's Program Activity:
CELEBRATE CHRIST CONCERT. DESCRIPTION: CELEBRATE CHRIST CONC ERT: MEGA MULTI-MEDIA MUSIC CONCERT AND WORSHIP EVENT DESIGN ED TO BRING INDIVIDUALS CLOSER TO CHRIST
LIGHT ORLANDO. DESCRIPTION: COLLECTION OF DONATIONS OF CLOT HES ITEMS TO DONATE TO PUBLIC CHARITIES
LIGHT ORLANDO. DESCRIPTION: COLLECTION OF DONATIONS OF CLOT HES ITEMS TO DONATE TO PUBLIC CHARITIES
FOOD DRIVE. DESCRIPTION: COLLECTION OF DONATIONS OF FOOD TO DONATE TO PUBLIC CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Harris Sec, Treas, Dir | 33 | $0 | |
Carmen Moscrip Dir | 1 | $0 | |
Scott Moscrip Dir, Pres | 2 | $0 | |
Mr Troy Wright Program Officer, Com | 40 | $102,500 | |
Ms Camille Mccashland Program Officer, Com | 40 | $102,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Rocket Studios Llc | 12/30/22 | $756,044 |
Tyler Castleton Music Inc | 12/30/22 | $542,953 |
Olympus Wealth Management Llc | 12/30/22 | $316,707 |
Swamm Enterprises Llc | 12/30/22 | $223,520 |
Foundation Source | 12/30/22 | $92,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,200 |
| Interest on Savings | $37,336 |
| Dividends & Interest | $1,835,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,319,949 |
| Capital Gain Net Income | $1,321,419 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $162,597 |
| Total Revenue | $3,365,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $212,857 |
| Pension plans, employee benefits | $29,242 |
| Interest | $0 |
| Taxes | $68,562 |
| Depreciation | $9,001 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $34,608 |
| Printing and publications | $1,324 |
| Other expenses | $1,568,775 |
| Total operating and administrative expenses | $2,493,531 |
| Contributions, gifts, grants paid | $2,605,098 |
| Total expenses and disbursements | $5,098,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,041,590 |
| 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 | $3,455,098 |
| Net Land, buildings, and equipment | $54,534 |
| Other assets | $0 |
| Total assets | $79,718,827 |
| Accounts payable and accrued expenses | $3,705 |
| 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 | $3,705 |
Grants Awarded
Over the last fiscal year, Acahand Foundation has awarded $2,605,098 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
ACAPNG FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $180,000 |
AIRLINK INC PURPOSE: GRANT TO SUPPORT UKRAINE EMERGENCY RESPONSE PLAN. | $10,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: GRANT TO SUPPORT JDC'S UKRAINE RESPONSE TO PROVIDE FOOD, MEDICINE AND OTHER EMERGENCY/ HUMANITARIAN SUPPORT TO UKRAINIAN REFUGEES | $10,000 |
APARTMENT LIFE INC PURPOSE: GENERAL & UNRESTRICTED | $1,909 |
APPLIED TECHNOLOGY FOUNDATION PURPOSE: GRANT TO SUPPORT LAPTOP/ CHROMEBOOK USE IN FIJI AND PAPUA NEW GUINEA FOR EDUCATION AND LEARNING THROUGH BYU PATHWAYS WORLDWIDE. | $500 |
BOISE RESCUE MISSION PURPOSE: TO FUND PROGRAMS AT THE CITY LIGHT HOME FOR WOMEN & CHILDREN AS FOLLOWS: $2,500 FOR THE WOMEN'S NEW LIFE RECOVERY PROGRAM, $3,000 FOR EMERGENCY/GUEST SERVICES, $1,500 FOR CHILDREN AND TEEN PROGRAMS, AND $5,000 FOR REPLACEMENT OF WOOD STEPS AT CITY LIGHT HOME. ALSO, $1,500 TO SUPPORT CHILDREN AND TEEN PROGRAMS AT THE VALLEY WOMEN AND CHILDREN'S SHELTER IN NAMPA, ID. FINALLY, FOR THE RIVER OF LIFE RESCUE MISSION BUILDING, $5,000 FOR REPAIR OF SHOWERS IN THAT FACILITY AND $1,500 ALLOCATED TO FUND THE MEN'S NEW LIFE RECOVERY PROGRAM. | $20,000 |