Alternative Foundation
- Assets
- $3.9m
- Revenue
- $656.7k
- Investments
- $3.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-3128471
Organization Overview
Alternative Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Alternative 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, Alternative Foundation generated $656.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $688.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alternative Foundation has awarded 13 individual grants totaling $613,508. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $473 |
| Dividends & Interest | $50,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,003 |
| Capital Gain Net Income | $105,003 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $924 |
| Total Revenue | $656,657 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,431 |
| Interest | $0 |
| Taxes | $1,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,304 |
| Printing and publications | $607 |
| Other expenses | $40,391 |
| Total operating and administrative expenses | $301,921 |
| Contributions, gifts, grants paid | $386,719 |
| Total expenses and disbursements | $688,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $691,903 |
| 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 | $5,050 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,930,740 |
| 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, Alternative Foundation has awarded $386,719 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: GENERAL & UNRESTRICTED | $102,953 |
Lansing, MI PURPOSE: MCDOUGALL HUNT SUSTAINABLE REDEVELOPMENT PLAN AND GENERAL FUND | $100,000 |
Detroit, MI PURPOSE: TO COVER THE SALARY AND BENEFITS OF TWO BAILEY PARK NEIGHBORHOOD DEVELOPMENT CORPORATION EMPLOYEES | $53,766 |
Detroit, MI PURPOSE: GENERAL SUPPORT | $50,000 |
Detroit, MI PURPOSE: SUPPORT THE IMPLEMENTATION OF THE SUSTAINABLE MASTER PLAN | $40,000 |
Detroit, MI PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |