Allemall Foundation Inc
- Assets
- $14.3m
- Revenue
- $2.7m
- Investments
- $3.2m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 01/2018
- Data as of
- 06/2021
- EIN
- 20-0514500
Organization Overview
Allemall Foundation Inc is located in Frederick, MD. The organization was established in 2018. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Allemall Foundation Inc 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 06/2021, Allemall Foundation Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $453.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Allemall Foundation Inc has awarded 119 individual grants totaling $596,246. 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
WATER TO TABLE/WILLIAMS AQUAPONICS PROJECT -- ACTIVELY BUILDING AQUAPONIC FACILITIES, AS WELL AS ORGANIC FARMING; USED AS TEACHING RESOURCES FOR AG STUDENTS CURRENTLY.
MAINTENANCE OF THE MOUTH OF THE GUALALA RIVER TO PRESERVE IT AND WORK WITH CONSERVATION GROUPS IN THE REGION TO EXPAND PARK LANDS AND RESTORE THE STEALHEAD TROUT, COHO SALMON AN OTHER ENDANGERED SPECIES AND SURROUNDING BUFFERS TO THE RIVER. THE PROPERTY WAS SOLD AT COST TO REDWOOD COAST LAND CONSERVANCY DECEMBER 24, 2020 TO ALLOW FOR PERMANENT CONSERVATION OF THE PROPERTY.
OTHER CONSERVATIONBURGAW NC - 239.98 ACRES ACTIVELY WORKING ON TRANSITION TO CONSERVATION OF PROPERTY RECONNECTING WETLANDS AND WILDLIFE CORRIDORS FROM THE FORMER GOLF COURSE DESIGN TO ESTABLISH WILDLIFE HABITATS GIVHANS SC - 197.61 ACRES OF WETLANDS THAT ARE PART OF THE HEADWATERS OF THE ASHLEY RIVER AND PLACED IN CONSERVATION EASEMENT
CHANNEL ISLANDS CONSERVATION PROJECTTHIS YEAR THE ORGANIZATION PURCHASED LOTS 1 AND 5 OF TRACT NO 14585 IN THE COUNTY OF SANTA BARBARA AND THE STATE OF CALIFORNIA IN CONJUCTION WITH THE FOOTHILLS FOREVER CAMPAIGN TO CONSERVE PRIVATELY PROPERTY, EXPAND WILDLIFE CORRIDORS FOR THE BURROWING OWL AND ALSO PRESERVE NATIVE PEPPER TREES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Procter Director | 1 | $0 | |
Edward D Scott Chairman | 5 | $0 | |
Catherine D Scott Secretary | 2 | $0 | |
Julia Soistman President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $178,200 |
| Interest on Savings | $3,894 |
| Dividends & Interest | $25,439 |
| Net Rental Income | $622,024 |
| Net Gain on Sale of Assets | $548,651 |
| Capital Gain Net Income | $548,651 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,072,920 |
| Total Revenue | $2,663,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,405 |
| Depreciation | $116,129 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174,421 |
| Total operating and administrative expenses | $371,310 |
| Contributions, gifts, grants paid | $82,500 |
| Total expenses and disbursements | $453,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,405,239 |
| Savings and temporary cash investments | $217,493 |
| 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 | $33,627 |
| Net Investments - land, buildings, equipment | $3,993,423 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,301,504 |
| Net Land, buildings, and equipment | $5,438,913 |
| Other assets | $4,921 |
| Total assets | $14,304,543 |
| 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 | $2,280,002 |
| Other liabilities | $11,199 |
| Total liabilities | $2,291,201 |
Grants Awarded
Over the last fiscal year, Allemall Foundation Inc has awarded $82,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Gualala, CA PURPOSE: CONSERVATION | $35,000 |
TELLER WILDLIFE REFUGE PURPOSE: CHARITY | $10,000 |
ASHLEY LUKE PURPOSE: SCHOLARSHIP | $7,000 |
CORYNN BRICKER PURPOSE: SCHOLARSHIP | $6,000 |
HEATHER SHEFEY PURPOSE: SCHOLARSHIP | $4,000 |
AMANDA SHEFFEY PURPOSE: SCHOLARSHIP | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Education Building Corp Wilmington, DE | $62,091,900 | $5,409,569 |
Flamboyan Foundation Inc Washington, DC | $23,344,685 | $18,816,042 |
Charles & Agnes Kazarian Eternal Foundation Washington, DC | $208,004,266 | $5,026,410 |
Building Hope Idaho Washington, DC | $97,183,207 | $6,746,312 |
Stoneleigh Foundation Philadelphia, PA | $92,384,286 | $2,978,235 |
Building Hope Holdings Inc Washington, DC | $2,525,393 | $4,512,862 |
Global Ahead Inc Derwood, MD | $0 | $4,557,570 |
Satell Institute King Of Prussia, PA | $13,359,727 | $1,126,245 |
Rona And Jeffrey Abramson Foundation Rockville, MD | $47,786,937 | $3,092,454 |
Jack Miller Center For Teaching Americas Founding Principles And Bala Cynwyd, PA | $14,689,077 | $1,577,352 |
Jayne Koskinas Ted Giovanis Foundation For Health And Policy Highland, MD | $14,613,580 | $2,825,934 |
Artyard Erwinna, PA | $77,186,190 | $24,985,342 |