Alberty Family Foundation
- Assets
- $386.9k
- Revenue
- $31.2k
- Investments
- $384.9k
- Employees
- 0
- Location
- North Royalton, OH
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 20-3910215
Organization Overview
Alberty Family Foundation is located in North Royalton, OH. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Alberty Family 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 12/2023, Alberty Family Foundation generated $31.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $103.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alberty Family Foundation has awarded 109 individual grants totaling $950,445. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice Alberty President | 1 | $0 | |
Gregory Alberty Sr Secretary | 1 | $0 | |
Brian Alberty Treasurer | 1 | $0 | |
Gregory Alberty Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,868 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,316 |
| Capital Gain Net Income | $23,316 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78 |
| Total operating and administrative expenses | $11,966 |
| Contributions, gifts, grants paid | $91,151 |
| Total expenses and disbursements | $103,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,970 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $386,874 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alberty Family Foundation has awarded $91,151 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ASSUMPTION ACADEMY PARENT PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $1,250 |
BOYS HOPE GIRLS HOPE PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $4,985 |
BSN SPORTS LLC PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $11,080 |
BUCKS ANGEL FOUNDATION PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $500 |
JOHN CARROLL UNIVERSITY PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $5,000 |
SANDY HAHN FOUNDATION PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $1,000 |