American Electric Power Foundation
- Assets
- $61.6m
- Revenue
- $10.2m
- Investments
- $60.4m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-3886453
Organization Overview
American Electric Power Foundation is located in Columbus, OH. The organization was established in 2006. 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. American Electric Power 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 12/2021, American Electric Power Foundation generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $34.0m during the year ending 12/2021. While expenses have increased by 39.9% per year over the past 4 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 2019, American Electric Power Foundation has awarded 144 individual grants totaling $134,956,736. 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 |
|---|---|---|---|
Nicholas K Akins Director/chairman | 0.1 | $0 | |
Charles R Patton Director/vice President | 0.1 | $0 | |
Lisa Barton Director/vice President | 0.1 | $0 | |
Janelle N Coleman Director/president | 0.1 | $0 | |
Julius Cox Until 12221 Director/vice President | 0.1 | $0 | |
Brian X Tierney Until 7121 Director/treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69,627 |
| Dividends & Interest | $1,634,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,496,222 |
| Capital Gain Net Income | $8,496,222 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,199,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141,778 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$34,550 |
| Total operating and administrative expenses | $107,228 |
| Contributions, gifts, grants paid | $33,866,728 |
| Total expenses and disbursements | $33,973,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,081,013 |
| Savings and temporary cash investments | $0 |
| 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 | $60,400,456 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $95,797 |
| Total assets | $61,577,266 |
| Accounts payable and accrued expenses | $6,177 |
| Grants payable | $25,424,258 |
| 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 | $25,430,435 |
Grants Awarded
Over the last fiscal year, American Electric Power Foundation has awarded $22,724,139 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DUE IN 2022 PURPOSE: TO HELP AND IMPROVE AEP COMMUNITIES | $11,331,000 |
DUE IN 2023 PURPOSE: TO HELP AND IMPROVE AEP COMMUNITIES | $5,810,375 |
DUE IN 2024 PURPOSE: TO HELP AND IMPROVE AEP COMMUNITIES | $2,985,375 |
DUE IN 2021 PURPOSE: TO HELP AND IMPROVE AEP COMMUNITIES | $1,937,389 |
DUE IN 2025 PURPOSE: TO HELP AND IMPROVE AEP COMMUNITIES | $660,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Electric Power Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Columbus Downtown Development Corporation Columbus, OH PURPOSE: CC HOLIDAY LIGHTS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |