The Bill And Joan Alfond Foundation
- Assets
- $34.4m
- Revenue
- $3.5m
- Investments
- $34.2m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 05/1987
- Data as of
- 12/2022
- EIN
- 01-0421806
Organization Overview
The Bill And Joan Alfond Foundation is located in Portland, ME. The organization was established in 1987. 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. Bill And Joan Alfond 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, Bill And Joan Alfond Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bill And Joan Alfond Foundation has awarded 579 individual grants totaling $59,855,182. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Alfond Vice Pres, Treas, Director | 7.5 | $0 | |
Gregory Powell See General Explantn Secretary | 1.5 | $0 | |
William Alfond President, Director | 12.5 | $0 | |
Kenden Alfond Director | 1 | $0 | |
Justin Alfond Director | 1 | $0 | |
Reis Alfond Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dexter Enterprises Llc | 12/30/22 | $187,380 |
Dexter Hedge Funds Te Llc | 12/30/22 | $98,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $297,066 |
| Dividends & Interest | $395,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,482,936 |
| Capital Gain Net Income | $2,402,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $290,450 |
| Total Revenue | $3,466,072 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $108,678 |
| Taxes | $153,703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $766,615 |
| Total operating and administrative expenses | $1,233,950 |
| Contributions, gifts, grants paid | $1,641,810 |
| Total expenses and disbursements | $2,875,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $235,483 |
| 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 | $33,872,346 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,441,650 |
| 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 | $5,308,138 |
| Total liabilities | $5,308,138 |
Grants Awarded
Over the last fiscal year, The Bill And Joan Alfond Foundation has awarded $2,215,410 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BETH ISRAEL CONGREGATION PURPOSE: LOCAL SUPPORT FOR DIRECTOR OF EDUCATION AT BETH ISRAEL | $17,500 |
BNY MELLON CHARITABLE GIFT FUND PURPOSE: DONOR ADVISED FUNDS WITH DISQUALIFIED PERSON ADVISORY PRIVILEGES | $120,000 |
BOYS AND GIRLS CLUB OF KENNEBEC VALLEY PURPOSE: EDUCARE "BEYOND THE WALLS" PARTNERSHIP | $150,000 |
BOZEMAN DEACONESS HEALTH SERVICES PURPOSE: PEDIATRIC SERVICES | $30,000 |
CAPITAL AREA NEW MAINERS PROJECT PURPOSE: UNRESTRICTED | $2,500 |
CENTRAL MAINE COMMUNITY BETTERMENT COLLABORATIVE PURPOSE: DIRIGO LABS BUSINESS ACCELERATOR | $52,696 |