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 2 years, it has increased revenue by an average of 70.5% each year . All expenses for the organization totaled $17.0m during the year ending 02/2022. While expenses have increased by 32.8% per year over the past 2 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 2021, Alphawood Foundation has awarded 440 individual grants totaling $28,040,444. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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 |
|---|---|---|---|
James Mcdonough Legal Counsel | 40 | $236,554 | |
Chirag Badlani Exe. Director/general Counsel | 40 | $259,360 | |
Fred Eychaner President/treasurer/director | 1 | $0 | |
Tom Yoder Vice-President/director | 1 | $0 | |
Mark Ishaug Secretary / Director | 1 | $0 | |
Joan Barry Assistant Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newsweb Llc | 2/27/23 | $1,418,480 |
Ennis O'brien Llc | 2/27/23 | $121,384 |
Rsm Us Llp | 2/27/23 | $73,100 |
Sperling & Slater Pc | 2/27/23 | $63,671 |
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 $6,324,387 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PUBLIC HOUSING MUSEUM PURPOSE: CAPITAL SUPPORT FOR NATIONAL PUBLIC HOUSING MUSEUM | $500,000 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: SUPPORT FOR JAMES D. MCDONOUGH FELLOWSHIP IN QUEER ART HISTORY | $366,953 |
UNIVERSITY OF CHICAGO INSTITUTE OF POLITICS PURPOSE: SUPPORT FOR STUDENT INTERNSHIP PROGRAM | $300,000 |
AIDS FOUNDATION OF CHICAGO PURPOSE: GENERAL OPERATIONS | $250,000 |
JOFFREY BALLET PURPOSE: GENERAL OPERATIONS | $250,000 |
AUDITORIUM THEATRE OF ROOSEVELT UNIVERSITY INC PURPOSE: SUPPORT FOR CLOUD GATE DANCE THEATRE OF TAIWAN PERFORMANCE | $246,778 |