Alumbra Innovations Foundation
- Assets
- $126.9m
- Revenue
- $48.8m
- Investments
- $123.7m
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 10/2019
- Data as of
- 12/2023
- EIN
- 83-2841232
Organization Overview
Alumbra Innovations Foundation is located in Bentonville, AR. The organization was established in 2019. 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. Alumbra Innovations 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, Alumbra Innovations Foundation generated $48.8m in total revenue. All expenses for the organization totaled $31.0m during the year ending 12/2023. While expenses have increased by 84.8% 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.
Since 2019, Alumbra Innovations Foundation has awarded 331 individual grants totaling $60,706,013. 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 |
|---|---|---|---|
Name Not Listed Treasurer | 1 | $0 | |
Name Not Listed Director, President | 2 | $0 | |
Name Not Listed Director, Secretary | 2 | $0 | |
Name Not Listed Assistant Treasurer | 0.5 | $0 | |
Name Not Listed Foundation Manager | 34 | $0 | |
Name Not Listed Foundation Manager | 34 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Presa Bcs S De Rl De Cv | 12/30/23 | $721,506 |
Northern Trust | 12/30/23 | $182,749 |
Walton Enterprises Llc | 12/30/23 | $677,106 |
Alpha Agua Sustentable | 12/30/23 | $104,400 |
Hc Human Cities Sapi De Cv | 12/30/23 | $67,663 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,857,720 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,207,853 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,232,932 |
| Capital Gain Net Income | $45,514,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,519 |
| Total Revenue | $48,827,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $62 |
| Taxes | $1,630,504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $98,192 |
| Printing and publications | $950 |
| Other expenses | $21,044 |
| Total operating and administrative expenses | $3,973,320 |
| Contributions, gifts, grants paid | $26,976,712 |
| Total expenses and disbursements | $30,950,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,672 |
| 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 | $3,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $123,701,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $126,948,198 |
| 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, Alumbra Innovations Foundation has awarded $26,976,712 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAPALABRA AC PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $90,500 |
ACADEMY FOR GLOBAL CITIZENSHIP CHARTER SCHOOL PURPOSE: TO SUPPORT THE PLACE-BASED TEACHING AND LEARNING LAB. | $30,000 |
ALL KIDS BIKE PURPOSE: TO SUPPORT BICI-ESCUELA IN LA PAZ AND EL SARGENTO. | $30,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: TO SUPPORT THE 2023 ARKANSAS TORNADO RESPONSE. | $25,000 |
AMERICAN NEAR EAST REFUGEE AID PURPOSE: TO SUPPORT THE DAVID ROCK WATER FUND MEMORIAL. | $200,000 |
AMERICAN NEAR EAST REFUGEE AID PURPOSE: TO PROVIDE RAPID RESPONSE TO GAZA. | $100,000 |