Alden Foundation
- Assets
- $28.6m
- Revenue
- $2.8m
- Investments
- $6.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 36-3697502
Organization Overview
Alden Foundation is located in Chicago, IL. The organization was established in 1991. 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. Alden 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, Alden Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 22.5% 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Carl President | 1 | $0 | |
Derek Smart Treasurer | 1 | $0 | |
Mary Chelotti - Smith Secretary | 1 | $0 | |
Steven Friedland Vice President | 1 | $0 | |
Carl Jenkins Director | 1 | $0 | |
Esther Davis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $219,884 |
| Dividends & Interest | $0 |
| Net Rental Income | $624,065 |
| Net Gain on Sale of Assets | $869,307 |
| Capital Gain Net Income | $869,307 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $403,825 |
| Total Revenue | $2,753,425 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $206,005 |
| Other employee salaries and wages | $167,174 |
| Pension plans, employee benefits | $11,014 |
| Interest | $0 |
| Taxes | $31,533 |
| Depreciation | $636,344 |
| Occupancy | $28,639 |
| Travel, conferences, and meetings | $12,031 |
| Printing and publications | $0 |
| Other expenses | $1,679,245 |
| Total operating and administrative expenses | $2,903,555 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,903,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,145,401 |
| 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 | $484,959 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,602 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,976,115 |
| Net Land, buildings, and equipment | $6,937,972 |
| Other assets | $11,033,081 |
| Total assets | $28,615,130 |
| Accounts payable and accrued expenses | $10,751 |
| Grants payable | $0 |
| Deferred revenue | $2,185,177 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $5,442,669 |
| Other liabilities | $8,954,909 |
| Total liabilities | $16,593,506 |