Albemarle Care Fund

Organization Overview

Albemarle Care Fund is located in Charlotte, NC. The organization was established in 2015. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albemarle Care Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O:THE MISSION OF ALBEMARLE CARE FUND IS TO PROVIDE FINANCIAL ASSISTANCE TO EMPLOYEES, RETIREES, AND FAMILY MEMBERS OF ALBEMARLE FOUNDATION, ALBEMARLE CORPORATION AND ITS AFFILIATES WHO SUFFER CATASTROPHIC LOSSES AS A RESULT OF DISTRESS INCLUDING, BUT NOT LIMITED TO, HURRICANE, TROPICAL STORM, TORNADO, FIRE, EARTHQUAKE, FLOOD OR MUDSLIDE OR WHO HAVE ENCOUNTERED FINANCIAL HARDSHIP FOR OTHER REASONS BEYOND THEIR CONTROL SUCH AS SERIOUS ILLNESS. THE FUND ALSO MAY MAKE DISTRIBUTIONS TO EMPLOYEES AND RETIREES AND THEIR FAMILY MEMBERS WHO ARE EXPERIENCING FINANCIAL HARDSHIP AS A RESULT OF DECLARED FEDERAL EMERGENCIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO EMPLOYEES, RETIREES AND FAMILY MEMBERS OF ALBEMARLE CORPORATION AND ITS AFFILIATES WHO SUFFER CATASTROPHIC LOSSES AS A RESULT OF NATURAL DISASTERS OR WHO SUFFER FINANCIAL HARDSHIP DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL. DURING 2022, THE ORGANIZATION PROVIDED 5 GRANTS TOTALING $23,200 .


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Board, Officers & Key Employees

Name (title)Compensation
Sandra Holub
President
$0
Stefanie M Holland
Secretary
$0
Scott Tozier
Director And Treasurer
$0
Hazel Davis
Director
$0
Tina Craft
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $0

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