Albers Family Foundation
- Assets
- $83.9k
- Revenue
- $22.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Spirit Lake, IA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 80-0019546
Organization Overview
Albers Family Foundation is located in Spirit Lake, IA. The organization was established in 2002. 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. Albers Family 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 12/2023, Albers Family Foundation generated $22.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $11.5k during the year ending 12/2023. While expenses have increased by 39.1% per year over the past 5 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO APPROPRIATE CHARITABLE ORGANIZATIONS (CHARITABLE, EDUCATIONAL, RELIGIOUS OR SCIENTIFIC PURPOSES).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawna Thiltgen Director | 0 | $0 | |
Michael J Albers President | 0 | $0 | |
Cherie L Schnack Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,500 |
| Interest on Savings | $334 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $355 |
| Contributions, gifts, grants paid | $11,100 |
| Total expenses and disbursements | $11,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,454 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $445 |
| 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 | $83,899 |
| 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, Albers Family Foundation has awarded $11,100 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FUNDACION JARDIN DE LUZ PURPOSE: SUPPORT | $600 |
THE RANCH MINISTRY PURPOSE: SUPPORT | $1,000 |
SAMARITAN FOUNDATION PURPOSE: SUPPORT | $6,500 |
CBMC HEARTLAND PURPOSE: SUPPORT | $2,000 |
ONE CHILD INC PURPOSE: SUPPORT | $1,000 |