Alden Family Foundation Inc
- Assets
- $2.0m
- Revenue
- $187.9k
- Investments
- $1.9m
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 58-2583341
Organization Overview
Alden Family Foundation Inc is located in Vero Beach, FL. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Family Foundation Inc 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 12/2022, Alden Family Foundation Inc generated $187.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $249.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alden Family Foundation Inc has awarded 20 individual grants totaling $507,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Alden President | 1 | $0 | |
Mary Alden Secretary | 1 | $0 | |
John Alden Trustee | 1 | $0 | |
Christine A Pascucci Trustee | 1 | $0 | |
Suzanne A Halloran Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,195 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,795 |
| Capital Gain Net Income | $87,795 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,006 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $54,876 |
| Contributions, gifts, grants paid | $195,000 |
| Total expenses and disbursements | $249,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,440 |
| 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 | $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 | $0 |
| Other assets | $0 |
| Total assets | $2,047,261 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Alden Family Foundation Inc has awarded $195,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHNETWORK FOUNDATION PURPOSE: HEALTH | $5,000 |
VNA HOSPICE FOUNDATION PURPOSE: HEALTH | $5,000 |
CLEVELAND CLINIC INDIAN RIVER MEDICAL CENTER FOUNDATION PURPOSE: HEALTH | $10,000 |
UMASS LOWELL PURPOSE: EDUCATION | $100,000 |
NC WESLEYAN COLLEGE PURPOSE: EDUCATION | $75,000 |