Albert And Margaret Alkek Foundation
- Assets
- $183.1m
- Revenue
- $24.4m
- Investments
- $164.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 76-0491186
Organization Overview
Albert And Margaret Alkek Foundation is located in Houston, TX. The organization was established in 1996. 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. Albert And Margaret Alkek 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, Albert And Margaret Alkek Foundation generated $24.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $14.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Albert And Margaret Alkek Foundation has awarded 95 individual grants totaling $27,800,000. 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 |
|---|---|---|---|
Scott B Seaman Director/treasurer/executive Dir | 40 | $403,400 | |
Charles A Williams Director/president | 25 | $150,000 | |
Sandra Bacak Assistant Secretary/controller | 40 | $125,000 | |
Randa D Williams Director | 1 | $18,000 | |
Margaret Alkek Williams Director | 1 | $15,000 | |
Paul Klotman MD Director | 1 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iridian Asset Management Llc | 12/30/21 | $208,447 |
State Stree Corporation | 12/30/21 | $62,949 |
Polen Capital Management Llc | 12/30/21 | $163,625 |
Eagle Capital Management Llc | 12/30/21 | $175,548 |
Allspring Global Investments Llc | 12/30/21 | $65,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,400 |
| Dividends & Interest | $754,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,987,572 |
| Capital Gain Net Income | $19,702,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $631,070 |
| Total Revenue | $24,374,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $726,400 |
| Other employee salaries and wages | $17,550 |
| Pension plans, employee benefits | $42,883 |
| Interest | $65,649 |
| Taxes | $440,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,606 |
| Total operating and administrative expenses | $1,983,466 |
| Contributions, gifts, grants paid | $12,000,000 |
| Total expenses and disbursements | $13,983,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306 |
| Savings and temporary cash investments | $15,496,232 |
| Net Accounts receivable | $3,334,916 |
| 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 | $110,133,627 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $183,084,200 |
| 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, Albert And Margaret Alkek Foundation has awarded $12,000,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: STRATEGIC INITIATIVES VARIOUS DEPARTMENTS | $4,020,100 |
Houston, TX PURPOSE: CONSTRUCTION OF THE HEALTH SCIENCES TOWER | $3,000,000 |
Houston, TX PURPOSE: ENDOWMENT FOR THE MUSEUM DIRECTOR | $1,200,000 |
THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER PURPOSE: TRANSLATIONAL RESEARCH | $1,000,000 |
AMAZING PLACE PURPOSE: AMAZING TOGETHER CAMPAIGN | $250,000 |
TEXAS STATE UNIVERSITY-SAN MARCOS PURPOSE: CONSTRUCTION OF THE LEARNING COMMONS IN THE ALBERT B. ALKEK LIBRARY | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |