The Bill And Joan Alfond Foundation
- Assets
- $33.5m
- Revenue
- $6.1m
- Investments
- $31.9m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 05/1987
- Data as of
- 12/2021
- 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 12/2021, Bill And Joan Alfond Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 7.2% 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 2014, Bill And Joan Alfond Foundation has awarded 546 individual grants totaling $57,639,772. 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
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Powell See General Explantn Secretary | 1.5 | $0 | |
William Alfond President, Director | 12.5 | $0 | |
Justin Alfond Director | 1 | $0 | |
Reis Alfond Director | 1 | $0 | |
Joan Alfond Vice Pres, Treas, Director | 7.5 | $0 | |
Kenden Alfond Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dexter Enterprises Llc | 12/30/21 | $180,710 |
Dexter Global Equity Te Llc | 12/30/21 | $79,589 |
Dexter Hedge Funds Te Llc | 12/30/21 | $57,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $106,225 |
| Dividends & Interest | $463,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,353,101 |
| Capital Gain Net Income | $2,811,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,218,728 |
| Total Revenue | $6,141,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $50,297 |
| Taxes | $71,685 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $356,481 |
| Total operating and administrative expenses | $674,489 |
| Contributions, gifts, grants paid | $4,327,524 |
| Total expenses and disbursements | $5,002,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,564,030 |
| 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 | $31,614,809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,512,660 |
| 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 | $4,969,460 |
| Total liabilities | $4,969,460 |
Grants Awarded
Over the last fiscal year, The Bill And Joan Alfond Foundation has awarded $4,354,124 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Waterville, ME PURPOSE: BILL AND JOAN ALFOND MAIN STREET COMMONS (DARE NORTHWARD CAMPAIGN) | $2,000,000 |
GOVERNOR'S ACADEMY PURPOSE: PARKER RIVER SCIENCE CENTER | $1,001,718 |
PARTNERS HEALTHCARE SYSTEM INC PURPOSE: 2021 FELLOWSHIP PROGRAM AT THE JOHN R. GRAHAM HEADACHE CENTER | $415,978 |
Boston, MA PURPOSE: UNRESTRICTED | $120,000 |
Waterville, ME PURPOSE: ENTREPRENEURIAL AND INNOVATION PARTNERSHIPS IN WATERVILLE | $108,000 |
Brunswick, ME PURPOSE: CHILD CARE BUSINESS LAB EXPANSION IN THE RIM COUNTIES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |