Douglas E And M Stewart Albertson Charitable Foundation
- Assets
- $1.4m
- Revenue
- $93.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4340628
Organization Overview
Douglas E And M Stewart Albertson Charitable Foundation is located in Richmond, VA. 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. Douglas E And M Stewart Albertson 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 12/2022, Douglas E And M Stewart Albertson Charitable Foundation generated $93.7k 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 (34.0%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DOUGLAS E & M STEWART ALBERTSON CHARITABLE FOUNDATION MAKES GRANTS TO QUALIFYING PUBLIC CHARITIES AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas E Albertson Chairman/pre | 1 | $0 | |
Mary S Albertson Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $905 |
| Dividends & Interest | $21,645 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$178,884 |
| Capital Gain Net Income | $11 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $93,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $508 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,842 |
| Total operating and administrative expenses | $14,425 |
| Contributions, gifts, grants paid | $36,819 |
| Total expenses and disbursements | $51,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,193 |
| 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 | $630,358 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,423,646 |
| 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, Douglas E And M Stewart Albertson Charitable Foundation has awarded $36,819 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
VA WATERCOLOR SOCIETY PURPOSE: DONATION | $3,000 |
FAMILY FOUNDATION PURPOSE: DONATION | $1,000 |
HUNTER CLASSICAL SCHOOL PURPOSE: DONATION | $17,519 |
FAMILY FOUNDATION PURPOSE: DONATION | $3,800 |
BON AIR BAPTIST CHURCH PURPOSE: DONATION | $2,000 |
TARA'S CHILDRENS TRUST PURPOSE: DONATION | $1,000 |