Alphawood Foundation
- Assets
- $96.4m
- Revenue
- $15.3m
- Investments
- $71.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1992
- Data as of
- 02/2022
- EIN
- 36-3805338
Organization Overview
Alphawood Foundation is located in Chicago, IL. The organization was established in 1992. 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. Alphawood 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 02/2022, Alphawood Foundation generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $17.0m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Alphawood Foundation has awarded 314 individual grants totaling $21,716,057. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
ALPHAWOOD EXHIBITIONS LLC: THE FOUNDATION FORMED A LIMITED LIABILITY COMPANY NAMED ALPHAWOOD EXHIBITIONS LLC ON MARCH 22, 2016. ALPHAWOOD EXHIBITIONS LLC WAS FORMED TO ORGANIZE AND PRESENT CULTURAL AND ART EXHIBITIONS AND TO ENGAGE IN ANY OTHER LAWFUL BUSINESS OR ACTIVITY THAT ISNECESSARY OR CONVENIENT TO THE BUSINESS AND PURPOSE OF THE FOUNDATION. ALPHAWOOD EXHIBITIONS LLC IS CONSIDERED A DISREGARDED ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcdonough Exe. Director/general Counsel | 40 | $262,352 | |
Brad White Associate Director | 40 | $112,741 | |
Melissa Terrell Office Manager | 40 | $75,274 | |
Chirag Badlani Executive Director | 40 | $75,011 | |
Kristin Hettich Program Officer | 40 | $72,474 | |
Don Hilliker Secretary / Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jwsc Llc | 2/27/22 | $154,516 |
Samir Bitar | 2/27/22 | $139,247 |
Ennis O'brien Llc | 2/27/22 | $130,000 |
Masterpiece International Ltd | 2/27/22 | $74,282 |
Newsweb Llc | 2/27/22 | $568,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,977,349 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,950,544 |
| Capital Gain Net Income | $11,950,544 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $328,162 |
| Total Revenue | $15,256,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $337,363 |
| Other employee salaries and wages | $190,418 |
| Pension plans, employee benefits | $52,102 |
| Interest | $0 |
| Taxes | $132,091 |
| Depreciation | $1,369 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,498 |
| Printing and publications | $0 |
| Other expenses | $3,065,806 |
| Total operating and administrative expenses | $3,957,894 |
| Contributions, gifts, grants paid | $13,015,506 |
| Total expenses and disbursements | $16,973,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,707,035 |
| 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 | $321,947 |
| Prepaid expenses and deferred charges | $143,494 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,984,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,686,360 |
| Total assets | $96,386,448 |
| Accounts payable and accrued expenses | $359,394 |
| Grants payable | $530,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $459,350 |
| Total liabilities | $1,348,744 |
Grants Awarded
Over the last fiscal year, Alphawood Foundation has awarded $14,075,506 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: SUPPORT FOR CONSTRUCTION OF THE OBAMA PRESIDENTIAL CENTER IN CHICAGO, IL | $7,500,000 |
NATIONAL PUBLIC HOUSING MUSEUM - JANE ADDAMS HOMES PURPOSE: GENERAL OPERATIONS | $500,000 |
UNIVERSITY OF CHICAGO CENTER OF THE ART OF EAST ASIA PURPOSE: SUPPORT FOR THE CENTER OF THE ART OF EAST ASIA | $300,000 |
UNIVERSITY OF CHICAGO INSTITUTE OF POLITICS PURPOSE: SUPPORT FOR UNDERGRADUATE INTERNSHIP PROGRAM | $300,000 |
Chicago, IL PURPOSE: GENERAL OPERATIONS | $250,000 |
Chicago, IL PURPOSE: GENERAL OPERATIONS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |