Financial & Legal
The Asheville City Schools Foundation is a registered 501(c)(3) organization.
EIN# 58-1836982
Financials 2022-2023
Revenue & Support
Cash and In-Kind Contributions .….….… $638,636
Foundation and Nonprofit Grants ….....… $487,791
Government Contracts and Grants………... $50,992
Investment Income (Held at CFWNC).......$139,057
Program Service Revenue ..……….……….. $37,588
Special Events Income………....……………..($324)
Other .……………………………………... $4,629
Total Revenue and Support …...…..… $1,358,369
Operating Expenses
Program Services …………….…..…..… $1,094,365
Management and General …………….…. $124,636
Fundraising ………………………..…...…. $62,407
Total Operating Expenses …………..... $1,281,408
Commitment to Racial Equity
The Asheville City Schools Foundation believes that how we allocate money is a reflection and demonstration of our commitment to racial equity in Asheville City Schools. Funding for programming and scholarships is equitably and intentionally allocated to support black and brown students. This priority puts financial resources toward undoing historical inequities and closing the opportunity gap that adversely impacts black and brown students. ACSF works to accomplish this goal by directly funding students, parents, educators, artists, Black-led nonprofits, and Black-owned businesses.