Althea Foundation
- Assets
- $4.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 10/2004
- Data as of
- 01/2022
- EIN
- 20-0371450
Organization Overview
Althea Foundation is located in San Francisco, CA. The organization was established in 2004. 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. Althea 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 01/2022, Althea Foundation generated $61.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $69.1k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (36.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ALTHEA FOUNDATION FUNDS NEW INITIATIVES AND ESTABLISHED ORGANIZATIONS IT BELIEVES COULD BENEFIT FROM ADDITIONAL FINANCIAL HELP TO ENSURE CONTINUED SUCCESS AND IMPACT. THE ALTHEA FOUNDATION SERVES NOT ONLY AS PROVIDER OF CAPITAL BUT ALSO A VALUED BUSINESS PARTNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexsis DE Raadt St James President/fo | 2 | $0 | |
Paul Bolland CFO | 1 | $0 | |
Mark Hoffman Board Member | 1 | $0 | |
Ed Fuller Board Member | 1 | $0 | |
Susan Amble Board Member | 1 | $0 | |
Mark Leishman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,510 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,510 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $22,184 |
| Occupancy, rent, utilities, and maintenance | $6,395 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,504 |
| Total expenses | $69,083 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $538 |
| Other assets | $0 |
| Total assets | $4,577 |
| Total liabilities | $1,642 |
| Net assets or fund balances | $2,935 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Althea Foundation has recieved totaling $113,860.
| Awarding Organization | Amount |
|---|---|
Hyatt Hotels Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $78,860 |
Ihg Foundation Us Inc Atlanta, GA PURPOSE: Support | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James G Boswell Foundation Pasadena, CA | $149,317,114 | $5,540,300 |
Dj And T Foundation San Marino, CA | $47,605 | $2,666,565 |
Terasaki Family Foundation Los Angeles, CA | $55,847,762 | $8,456,920 |
The Green Foundation Pasadena, CA | $146,510,073 | $6,369,927 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Smidt Foundation Beverly Hills, CA | $297,009,974 | $102,197,850 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Baker Street Foundation San Francisco, CA | $111,419,700 | $19,294,792 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Fletcher Jones Foundation Pasadena, CA | $171,018,850 | $2,557,259 |
Angell Foundation Los Angeles, CA | $118,335,921 | $5,741,529 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |