Alben Foundation
- Assets
- $904.4k
- Revenue
- $173.6k
- Investments
- $863.4k
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-3577266
Organization Overview
Alben Foundation is located in Beverly Hills, CA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Alben 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, Alben Foundation generated $173.6k 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 (48.3%) each year.
Since 2020, Alben Foundation has awarded 32 individual grants totaling $101,997. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE LIVES OF PEOPLE BY HUMANIZING TECHNOLOGY AND ENCOURAGING DIVERSITY IN THE CREATION OF SYSTEMS AND APPLICATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Alben Secretary | 1 | $0 | |
Alex Alben President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,667 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $148,886 |
| Capital Gain Net Income | $148,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $173,553 |
| 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 | $127,581 |
| Total operating and administrative expenses | $130,952 |
| Contributions, gifts, grants paid | $68,217 |
| Total expenses and disbursements | $199,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,981 |
| 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 | $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 | $863,441 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $904,422 |
| 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, Alben Foundation has awarded $68,217 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
HILLEL AT UCLA PURPOSE: CONTINUE FOUNDATIONS MISSION | $11,800 |
LOS ANGELES PHILHARMONIC ORCHESTRA PURPOSE: CONTINUE FOUNDATIONS MISSION | $10,500 |
Los Angeles, CA PURPOSE: CONTINUE FOUNDATIONS MISSION | $10,000 |
FUTURE OF PRIVACY FORUM EDUCATION AND INNOVATION FOUNDATION PURPOSE: CONTINUE FOUNDATIONS MISSION | $7,000 |
PLANNED PARENTHOOD PURPOSE: CONTINUE FOUNDATIONS MISSION | $5,000 |
NATIONAL REDISTRICTING FOUNDATION PURPOSE: CONTINUE FOUNDATIONS MISSION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bright Funds Foundation San Jose, CA | $23,418,833 | $59,277,249 |
Monterey Peninsula Foundation Monterey, CA | $50,385,331 | $28,291,060 |
Tiger Woods Charity Event Corp Irvine, CA | $9,536,474 | $23,227,782 |
Pledgeling Foundation Venice, CA | $2,856,994 | $17,411,331 |
Social Impact Fund Los Angeles, CA | $12,584,440 | $14,562,924 |
Solidaire Network Inc Oakland, CA | $12,776,145 | $7,898,596 |
Century Club Of San Diego La Jolla, CA | $2,243,411 | $13,615,886 |
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |