Allemall Foundation Inc
- Assets
- $19.7m
- Revenue
- $5.7m
- Investments
- $3.7m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 01/2018
- Data as of
- 06/2022
- EIN
- 20-0514500
Organization Overview
Allemall Foundation Inc is located in Frederick, MD. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Allemall 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 06/2022, Allemall Foundation Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $380.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Allemall Foundation Inc has awarded 160 individual grants totaling $864,421. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIG HOLE RIVER PROJECTPURCHASED 350 ACRES OF LAND IN WISE RIVER MONTANA TO PUT INTO CONSERVATION EASEMENT AND REESTABLISH NATIVE PLANTS AND ANIMALS TO CLEAN UP THE BIG HOLE RIVER AND ENCOURAGE FISHERY STOCK.A BEAVER COUPLE AND BABIES HAVE BEEN TRANSPLANTED TO THE RIVER BANK TO ENCOURAGE DAMMING WHICH WILL SUSTAIN THE RIVER NATURALLY AND KEEP PLANTS IN AND AROUND THE HABITAT HYDRATED.
RYDEN PRESERVE PROJECT400 ACRES OF LAND PURCHASED IN HILO HAWAII WHICH INCLUDES A BEAUTIFUL NATURAL SPRING AND SOME HARDWOOD FOREST INCLUDING KONA TREES. THE LAND HAS BEEN PUT UNDER CONSERVATION EASEMENT. SOME OF THE LAND WAS USED FOR SUGAR CANE FIELDS AND THOSE AREAS ARE BEING REFORESTED. THE SPRING SHORES WILL BE CLEANED UP AND NATIVE PLANTS WILL BE PLANTED TO PRESERVE THE SPRING FOR WILDLIFE AND FISHERY STOCK.
OTHER CONSERVATION PROJECTSBURGAW NC, GIVHANS SC, SAN MARCOS FOOTHILLS, SANTA BARBARA CA, YUCCA VALLEY CA - ONGOING OWNERSHIP AND PROJECTS TO CONSERVE PROPERTIES AND RECONNECT THEM TO WETLANDS AND WILDLIFE CORRIDORS
NEW WINDSOR MD PROJECTTHIS FARM IS IN CONSERVATION AND IS CURRENTLY BEING REFORESTED WITH HARDWOOD TREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward D Scott Chairman | 5 | $0 | |
Catherine D Scott Secretary | 2 | $0 | |
Julia Soistman President | 5 | $0 | |
Kristen Procter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $449,263 |
| Interest on Savings | $551 |
| Dividends & Interest | $27,136 |
| Net Rental Income | $525,144 |
| Net Gain on Sale of Assets | $3,414,988 |
| Capital Gain Net Income | $3,645,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,122,286 |
| Total Revenue | $5,733,582 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,137 |
| Depreciation | $86,640 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $151,480 |
| Total operating and administrative expenses | $348,228 |
| Contributions, gifts, grants paid | $32,500 |
| Total expenses and disbursements | $380,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,585,302 |
| Savings and temporary cash investments | $9,505 |
| 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 | $400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $704 |
| Net Investments - land, buildings, equipment | $1,292,541 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,561,480 |
| Net Land, buildings, and equipment | $10,711,834 |
| Other assets | $4,090 |
| Total assets | $19,703,816 |
| 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 | $1,897,591 |
| Other liabilities | $4,750 |
| Total liabilities | $1,902,341 |
Grants Awarded
Over the last fiscal year, Allemall Foundation Inc has awarded $32,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA APPLEGATE PURPOSE: SCHOLARSHIP | $2,000 |
ASHLEY LUKE PURPOSE: SCHOLARSHIP | $2,000 |
AMANDA DALY PURPOSE: SCHOLARSHIP | $3,000 |
COLE TORRES PURPOSE: SCHOLARSHIP | $3,000 |
BROOKE WELCH PURPOSE: SCHOLARSHIP | $3,000 |
HEATHER SHEFEY PURPOSE: SCHOLARSHIP | $2,000 |