Albatross Charitable Foundation
- Assets
- $422.4k
- Revenue
- $147.0k
- Investments
- $388.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 82-4300379
Organization Overview
Albatross Charitable Foundation is located in Wilmington, DE. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albatross Charitable 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, Albatross Charitable Foundation generated $147.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $226.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Albatross Charitable Foundation has awarded 206 individual grants totaling $464,795. 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 |
|---|---|---|---|
Troy W Tegeler Dir, Pres | 2 | $0 | |
Jennifer L Tegeler Dir, Sec | 1 | $0 | |
Darren Youngman Dir, Treas | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,912 |
| Interest on Savings | $45 |
| Dividends & Interest | $5,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59,936 |
| Capital Gain Net Income | $119,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,644 |
| Total operating and administrative expenses | $9,809 |
| Contributions, gifts, grants paid | $217,000 |
| Total expenses and disbursements | $226,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,776 |
| 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 | $422,358 |
| 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, Albatross Charitable Foundation has awarded $217,000 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
Kennesaw, GA PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
North Charleston, SC PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
Bedford, TX PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
Atlanta, GA PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
Coronado, CA PURPOSE: GENERAL & UNRESTRICTED | $6,000 |
San Diego, CA PURPOSE: CHARITABLE EVENT | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |