Alvin Goldfarb Foundation
- Assets
- $159.7m
- Revenue
- $4.0m
- Investments
- $56.2m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 43-1621937
Organization Overview
Alvin Goldfarb Foundation is located in Saint Louis, MO. The organization was established in 1993. 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. Alvin Goldfarb 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 12/2021, Alvin Goldfarb Foundation generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alvin Goldfarb Foundation has awarded 95 individual grants totaling $101,090,108. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean M Cody CPA Trustee/manager | 40 | $250,000 | |
Robert Goldfarb Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jean M Cody Cpa Pc | 12/30/19 | $74,389 |
Shulamith Simon Attorney At Law | 12/30/19 | $61,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35,033 |
| Dividends & Interest | $2,049,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,956,753 |
| Capital Gain Net Income | $1,956,753 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $243 |
| Total Revenue | $4,042,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $22,358 |
| Interest | $0 |
| Taxes | $16,477 |
| Depreciation | $536 |
| Occupancy | $25,000 |
| Travel, conferences, and meetings | $1,172 |
| Printing and publications | $0 |
| Other expenses | $7,156 |
| Total operating and administrative expenses | $493,107 |
| Contributions, gifts, grants paid | $6,670,142 |
| Total expenses and disbursements | $7,163,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,366 |
| Savings and temporary cash investments | $102,757,288 |
| Net Accounts receivable | $80,163 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,665 |
| Other assets | $467,901 |
| Total assets | $159,737,670 |
| Accounts payable and accrued expenses | $13,640 |
| Grants payable | $1,563,159 |
| 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 | $1,576,799 |
Grants Awarded
Over the last fiscal year, Alvin Goldfarb Foundation has awarded $6,670,142 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY IMPACT NETWORK PURPOSE: GRANTS COORDINATION AND DISTRIBUTION | $4,312,594 |
Saint Louis, MO PURPOSE: COMMUNITY BUILDING &ECONOMIC DEVELOPMENT | $2,307,002 |
NORTH SIDE COMMUNITY SCHOOL PURPOSE: TRANSPORTATIONSUPPORT | $25,000 |
GRACE HILL PURPOSE: SUPPORT MOTHERS ANDTHEIR CHILDREN | $15,850 |
Ballwin, MO PURPOSE: SUPPORT MOTHERS AND THEIR CHILDREN | $9,696 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alvin Goldfarb Foundation has recieved totaling $34,099,288.
| Awarding Organization | Amount |
|---|---|
Jane Goldberg Foundation St Louis, MO PURPOSE: BUILD EQUITY | $34,099,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |