Alvarez Charitable Foundation Inc
- Assets
- $11.7m
- Revenue
- $1.2m
- Investments
- $9.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 22-3479932
Organization Overview
Alvarez Charitable Foundation Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alvarez Charitable 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 12/2021, Alvarez Charitable Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Alvarez Charitable Foundation Inc has awarded 231 individual grants totaling $11,301,764. 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 |
|---|---|---|---|
Antonio C Alvarez President | 0 | $0 | |
Dawn M Marsal-Wallin Treasurer | 0.5 | $0 | |
Abigail C Alvarez Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $375,219 |
| Interest on Savings | $135 |
| Dividends & Interest | $251,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $542,320 |
| Capital Gain Net Income | $542,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,168,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,544 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,664 |
| Total operating and administrative expenses | $50,288 |
| Contributions, gifts, grants paid | $1,560,079 |
| Total expenses and disbursements | $1,610,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,848 |
| Savings and temporary cash investments | $2,445,357 |
| 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 | $9,200,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,684,367 |
| 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, Alvarez Charitable Foundation Inc has awarded $1,560,079 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALVAREZ FOUNDATION PHILIPPINES PURPOSE: FINANCIAL SUPPORT | $1,000,000 |
NYU STERN SCHOOL OF BUSINESS PURPOSE: EDUCATION | $150,000 |
GIVE FOUNDATION INC PURPOSE: FINANCIAL SUPPORT | $81,882 |
CANCER RESEARCH INSTITUTE PURPOSE: FINANCIAL SUPPORT | $75,000 |
Duarte, CA PURPOSE: PUBLIC WELFARE | $50,000 |
Ithaca, NY PURPOSE: EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |