Alan & Jacqueline Mitchell Foundation
- Assets
- $907.0k
- Revenue
- $45.0k
- Investments
- $783.5k
- Employees
- 0
- Location
- Woodcliff Lake, NJ
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-3876377
Organization Overview
Alan & Jacqueline Mitchell Foundation is located in Woodcliff Lake, NJ. The organization was established in 2009. 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. Alan & Jacqueline Mitchell 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, Alan & Jacqueline Mitchell Foundation generated $45.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $52.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alan & Jacqueline Mitchell Foundation has awarded 35 individual grants totaling $1,387,353. 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
CONTRIBUTING TO OTHER CHARITABLE ACTIVITIES
AGREEMENT MADE THE 29TH DAY OF DECEMBER 2021, BY AND BETWEEN THE ALAN MITCHELL FAMILY FOUNDATION AND THE JACQUELINE MITCHELL FAMILY FOUNDATION. THE FOUNDATION HAS AGREED TO MAKE A GRANT CONSISTING OF CASH AND SECURITIES IN THE CUMULATIVE AMOUNT OF EIGHT HUNDRED SEVENTY-EIGHT THOUSAND FOUR HUNDRED THIRTY-SEVEN DOLLARS AND ELEVEN CENTS ($878,437.11) TO THE GRANTEE TO SUPPORT ONE OR MORE CHARITABLE PURPOSES DESCRIBED IN SECTION 170(C)(2)(B) OF THE CODE, AS HEREINAFTER DEFINED, AS DETERMINED BY THE GRANTEE. THE FOUNDATION IS MAKING THE GRANT TO THE GRANTEE AS A CAPITAL ENDOWMENT GRANT, SO THAT THE FOUNDATION AND THE GRANTEE CAN PURSUE DIFFERING CHARITABLE OBJECTIVES IN ACCORDANCE WITH THE PREFERENCES OF THE DIFFERENT INDIVIDUALS GOVERNING EACH ENTITY. THE GRANT SHALL BE USED SOLELY TO SUPPORT ONE OR MORE CHARITABLE PURPOSES DESCRIBED IN SECTION 170(C)(2)(B) OF CODE, AS DETERMINED BY THE GRANTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Mitchell President | 0.1 | $0 | |
John Cox Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $458 |
| Interest on Savings | $3,952 |
| Dividends & Interest | $15,571 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59 |
| Capital Gain Net Income | $59 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,970 |
| Total Revenue | $45,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $630 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $15,081 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $52,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,479 |
| 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 | $286,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $907,020 |
| 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, Alan & Jacqueline Mitchell Foundation has awarded $37,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTIC SALMON FEDERATION PURPOSE: TO BENEFIT PUBLIC CHARITABLE ORGANIZATION | $1,000 |
HPU FUND FOR EXTRAORDINARY EDUCATION PURPOSE: TO BENEFIT PUBLIC CHARITABLE ORGANIZATION | $5,000 |
TEXAS A&M UNIVERSITY FOUNDATION PURPOSE: TO BENEFIT PUBLIC CHARITABLE ORGANIZATION | $30,000 |
THE BOWERY MISSION PURPOSE: TO BENEFIT PUBLIC CHARITABLE ORGANIZATION | $1,000 |
GOODFOUNDATION PURPOSE: TO BENEFIT PUBLIC CHARITABLE ORGANIZATION | $500 |