Asante Foundation
- Assets
- $904.7k
- Revenue
- $66.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lindon, UT
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 84-1372268
Organization Overview
Asante Foundation is located in Lindon, UT. The organization was established in 1997. 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. Asante 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, Asante Foundation generated $66.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $20.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (42.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Holmberg Board Member | 40 | $3,500 | |
Louis Pope II Board Member | 1 | $0 | |
Krista Pope Board Member | 1 | $0 | |
Eric Pope Board Member | 1 | $0 | |
Natalie Fairbourne Board Member | 1 | $0 | |
Lisa Holmberg Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,097 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $268 |
| Depreciation | $0 |
| Occupancy | $140 |
| Travel, conferences, and meetings | $791 |
| Printing and publications | $0 |
| Other expenses | $13,568 |
| Total operating and administrative expenses | $20,428 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $20,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,802 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $95,100 |
| 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 | $804,790 |
| Total assets | $904,692 |
| Accounts payable and accrued expenses | $2,550 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $104,117 |
| Other liabilities | $0 |
| Total liabilities | $106,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asante Foundation has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
E L Wiegand Foundation Reno, NV | $162,053,300 | $6,450,079 |
Simone Charitable Foundation Inc Scottsdale, AZ | $116,213,813 | $7,192,727 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |
David And Lura Lovell Foundation Tucson, AZ | $13,494,966 | $6,517 |
The Hickey Family Foundation Mesa, AZ | $154,617,141 | $6,519,819 |