The Albertsons Companies Foundation
- Assets
- $69.6m
- Revenue
- $81.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasanton, CA
- Founding
- 08/2001
- Data as of
- 02/2022
- EIN
- 91-2144510
Organization Overview
The Albertsons Companies Foundation is located in Pleasanton, CA. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Albertsons Companies 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 02/2022, Albertsons Companies Foundation generated $81.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $81.2m during the year ending 02/2022. While expenses have increased by 21.9% per year over the past 7 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 2020, Albertsons Companies Foundation has awarded 2,849 individual grants totaling $165,545,220. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ALBERTSONS COMPANIES FOUNDATION, WORKING IN COLLABORATION WITH LOCAL ORGANIZATIONS, SEEKS TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES. BY CAREFULLY DIRECTING ITS FUNDRAISING EFFORTS AND THE GENEROUS CONTRIBUTIONS OF ALBERTSONS' EMPLOYEES, VENDORS AND CUSTOMERS, THE FOUNDATION SUPPORTS A VARIETY OF WORTHY CAUSES IN HUNGER RELIEF, YOUTH AND EDUCATION, HEALTH AND HUMAN SERVICES, VETERANS AND PEOPLE WITH SPECIAL NEEDS. IT TAKES PRIDE IN ENSURING THAT THE VAST MAJORITY OF THE FUNDS RAISED STAYS IN LOCAL COMMUNITIES AND REFLECTS WHAT IS IMPORTANT TO ITS CUSTOMERS AND EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOURISHING NEIGHBORS - OUR NOURISHING NEIGHBORS PROGRAM'S MISSION IS TO ENSURE THAT ALL OF OUR NEIGHBORS INCLUDING KIDS, SENIORS AND FAMILIES HAVE ACCESS TO NOURISHING FOOD. THROUGH PROGRAMS THAT FUND BREAKFAST FOR KIDS, SUMMER MEALS, HOLIDAY DINNERS, BACKPACKS FOR KIDS TO TAKE HOME OVER THE WEEKENDS, SCHOOL PANTRIES AND MANY OTHER METHODS, NOURISHING NEIGHBORS' GOAL IS TO ENSURE ALL OUR COMMUNITIES' TABLES AND PANTRIES ARE FULL SO THAT OUR NEIGHBORS CAN LEARN, GROW AND SUCCEED.
ALBERTSONS COMPANIES FOUNDATION SUPPORTS CAUSES THAT IMPACT OUR CUSTOMERS' LIVES. OUR STORES PROVIDE THE OPPORTUNITY TO MOBILIZE FUNDING AND CREATE AWARENESS IN OUR NEIGHBORHOODS THROUGH OUR EMPLOYEES' PASSION, PARTNERSHIPS WITH OUR VENDORS AND THE GENEROUS CONTRIBUTIONS BY OUR CUSTOMERS. WE TAKE PRIDE IN ENSURING THAT THE VAST MAJORITY OF THE FUNDS WE RAISE STAYS IN LOCAL COMMUNITIES AND REFLECTS WHAT IS IMPORTANT TO OUR CUSTOMERS AND EMPLOYEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Morris Board Chair | OfficerTrustee | 1 | $0 |
Carrie Cook Chief Financial Officer & Secretary | OfficerTrustee | 1 | $0 |
Wendy Gutshall Vice President | OfficerTrustee | 1 | $0 |
Teresa Edington Vice President | OfficerTrustee | 1 | $0 |
Nancy Keane Vice President | OfficerTrustee | 1 | $0 |
Christy Duncan Anderson President And Executive Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,376,539 |
| Related organizations | $4,983,566 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,213,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,573,113 |
| Total Program Service Revenue | $0 |
| Investment income | $634,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $671,471 |
| Net Income from Fundraising Events | -$262,407 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,616,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,182,872 |
| Grants and other assistance to domestic individuals. | $1,103,313 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $96,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,895 |
| Fees for services: Other | $51,117 |
| Advertising and promotion | $0 |
| Office expenses | $869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $527,062 |
| Total functional expenses | $81,190,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,224,876 |
| Pledges and grants receivable | $2,182,990 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,198,141 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,606,007 |
| Accounts payable and accrued expenses | $410,482 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $410,482 |
| Net assets without donor restrictions | $29,595,827 |
| Net assets with donor restrictions | $39,599,698 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,606,007 |
Grants Awarded
Over the last fiscal year, The Albertsons Companies Foundation has awarded $63,463,963 in support to 1,161 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, CA PURPOSE: HUNGER | $10,000,000 |
Richmond, CA PURPOSE: HUNGER | $3,156,200 |
Seattle, WA PURPOSE: CANCER PREVENTION AND TREATMENT | $1,334,115 |
Duarte, CA PURPOSE: CANCER PREVENTION AND TREATMENT | $1,201,979 |
Boston, MA PURPOSE: PEOPLE WITH DISABILITIES | $1,076,018 |
Long Beach, CA PURPOSE: PEOPLE WITH DISABILITIES | $1,033,236 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Albertsons Companies Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Hagar Family Foundation Novato, CA PURPOSE: TO FURTHER THE PREDOMINANR EXEMPT FUNCTION OF THE RECIPIENTS ORGANIZATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tides Foundation San Francisco, CA | $1,232,210,451 | $863,481,509 |
San Francisco Foundation San Francisco, CA | $1,529,601,920 | $341,484,551 |
The Clear Fund Oakland, CA | $165,963,654 | $206,158,416 |
United States Energy Foundation San Francisco, CA | $173,205,171 | $181,891,970 |
Fh Association Phoenix, AZ | $26,443,045 | $107,705,615 |
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |