Allone Foundation
- Assets
- $109.9m
- Revenue
- $5.5m
- Investments
- $109.6m
- Employees
- 0
- Location
- Wilkesbarre, PA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 30-0892103
Organization Overview
Allone Foundation is located in Wilkesbarre, PA. The organization was established in 2002. 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. Allone 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, Allone Foundation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 5 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 2020, Allone Foundation has awarded 272 individual grants totaling $18,813,547. 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
THE FOUNDATION IS OPERATED TO PROVIDE GRANTS TO IRC 501(C)(3) OPERATING EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cosgrove CEO | 40 | $130,804 | |
Frank E Apostolico Treasurer | 1 | $0 | |
Paul J Canevari Secretary | 1 | $0 | |
Peter Danchak Director | 1 | $0 | |
Louis A Denaples Director | 1 | $0 | |
John J Graham Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $51 |
| Dividends & Interest | $2,675,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,809,651 |
| Capital Gain Net Income | $2,809,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,484,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,490 |
| Other employee salaries and wages | $146,458 |
| Pension plans, employee benefits | $85,099 |
| Interest | $0 |
| Taxes | $267,401 |
| Depreciation | $4,864 |
| Occupancy | $60,397 |
| Travel, conferences, and meetings | $22,294 |
| Printing and publications | $28,500 |
| Other expenses | $56,507 |
| Total operating and administrative expenses | $900,176 |
| Contributions, gifts, grants paid | $4,519,453 |
| Total expenses and disbursements | $5,419,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,254 |
| Savings and temporary cash investments | $16,404 |
| Net Accounts receivable | $2,405 |
| 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 | $40,745 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $109,587,976 |
| Net Land, buildings, and equipment | $10,054 |
| Other assets | $7,111 |
| Total assets | $109,865,949 |
| Accounts payable and accrued expenses | $391,277 |
| 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 | $7,111 |
| Total liabilities | $398,388 |
Grants Awarded
Over the last fiscal year, Allone Foundation has awarded $4,519,453 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED SERVICES PURPOSE: AUTISM COLLABORATIVE CENTERS OF EXCELLENCE INITIATIVE | $500,000 |
NORTHEAST REGIONAL CANCER INSTITUTE PURPOSE: CANCER SCREENING NAVIGATION PROGRAM | $50,000 |
GOODWILL INDUSTRIES PURPOSE: AUTISM COLLABORATIVE CENTERS OF EXCELLENCE INITIATIVE | $33,192 |
HOPE ENTERPRISES PURPOSE: AUTISM COLLABORATIVE CENTERS OF EXCELLENCE INITIATIVE | $45,300 |
GEISINGER COMMONWEALTH SCHOOL OF ME PURPOSE: FUNDING FOR RECRUITMENT OF 2 PSYCHIATRISTS AND ADMINISTRATIVE SUPPORT TO PROVIDE CLINICAL SERVICES AND OVERSEE TRAINING OF PSYCHIATRY RESIDENTS, MEDICAL STUDENTS AND CLINICIANS | $400,000 |
FRIENDSHIP HOUSE PURPOSE: IMPROVE HEALTH AND WELLNESS OF PEOPLE IN NORTHEASTERN AND NORTH CENTRAL PA | $331,500 |