Aceso Foundation Inc
- Assets
- $75.4m
- Revenue
- $18.1m
- Investments
- $55.8m
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- Data as of
- 12/2022
- EIN
- 87-4109956
Organization Overview
Aceso Foundation Inc is located in Bloomington, IN. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aceso 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 12/2022, Aceso Foundation Inc generated $18.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (52.7%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Veldman President & Treasurer | 1 | $0 | |
Nicole Schonemann Vice President | 3 | $0 | |
Vera Flocke Secretary & Executive Director | 10 | $32,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,800,000 |
| Interest on Savings | $289,949 |
| Dividends & Interest | $921,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,038,562 |
| Capital Gain Net Income | $14,038,562 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,844 |
| Total Revenue | $18,052,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,308 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,514 |
| Interest | $0 |
| Taxes | $336,403 |
| Depreciation | $0 |
| Occupancy | $1,043 |
| Travel, conferences, and meetings | $4,378 |
| Printing and publications | $0 |
| Other expenses | $107,274 |
| Total operating and administrative expenses | $554,206 |
| Contributions, gifts, grants paid | $316,860 |
| Total expenses and disbursements | $871,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,591,845 |
| 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 | $755,887 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $75,423,611 |
| 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, Aceso Foundation Inc has awarded $316,860 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
APOYO LEGAL AL EMPRENDIMIENTO COMUNITARIO INC PURPOSE: CHARITABLE | $17,720 |
KEEP GROWING DETROIT PURPOSE: CHARITABLE | $25,000 |
NEIGHBORHOOD LAND POWER PROJECT PURPOSE: CHARITABLE | $50,000 |
MILL CITY GROWING PURPOSE: CHARITABLE | $77,500 |
PLANT IT FORWARD PURPOSE: CHARITABLE | $75,000 |
SEEDLEAF INC PURPOSE: CHARITABLE | $21,640 |