Warren Alpert Foundation
- Assets
- $0.0
- Revenue
- $34.2m
- Investments
- $392.5m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 07/2019
- Data as of
- 12/2020
- EIN
- 05-0426623
Organization Overview
Warren Alpert Foundation is located in Providence, RI. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warren Alpert 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 12/2020, Warren Alpert Foundation generated $34.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $21.7m during the year ending 12/2020. While expenses have increased by 1.7% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Warren Alpert Foundation has awarded 132 individual grants totaling $44,206,637. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
August Schiesser Director/exec Dir/president/treasurer | 30 | $317,485 | |
Jeffrey A Walker Director/secretary/gen Counsel | 2 | $105,520 | |
Joseph B Martin Director/chairman | 5 | $103,750 | |
Daniel Schmitt Director | 2 | $89,750 | |
David Hirsch Director | 2 | $79,750 | |
Fred J Schiffman Director | 1.5 | $79,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/21 | $297,662 |
Ubs | 12/30/21 | $85,459 |
Kpmg | 12/30/21 | $119,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,846,831 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,000,000 |
| Total Revenue | $34,230,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,026,500 |
| Pension plans, employee benefits | $51,030 |
| Depreciation | $24,589 |
| Occupancy | $69,224 |
| Travel, conferences, and meetings | $11,681 |
| Printing and publications | $1,132 |
| Total operating and administrative expenses | $2,316,285 |
| Contributions, gifts, grants paid | $19,395,418 |
| Total expenses and disbursements | $21,711,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,354 |
| Investments—mortgage loans | $0 |
| Investments—other | $116,591,592 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Warren Alpert Foundation has awarded $24,811,219 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: DONATION - EDUCATION | $9,917,379 |
HARVARD MEDICAL SCHOOL PURPOSE: DONATION | $4,548,947 |
New York, NY PURPOSE: DONATION | $2,200,000 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: DONATION - EDUCATION | $1,541,803 |
Providence, RI PURPOSE: DONATION | $804,668 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE PURPOSE: DONATION - EDUCATION | $787,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |
Rhode Island Automobile Insurance Plan Johnston, RI | $25,251,183 | $13,070,810 |
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |