American Electric Power Foundation
- Assets
- $96.0m
- Revenue
- $79.9m
- Investments
- $11.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-3886453
Organization Overview
American Electric Power Foundation is located in Wilmington, DE. The organization was established in 2006. 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. American Electric Power 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, American Electric Power Foundation generated $79.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $29.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, American Electric Power Foundation has awarded 848 individual grants totaling $167,169,056. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Akins Chair, Dir | 1 | $0 | |
Lisa Barton Dir, VP | 1 | $0 | |
Christian T Beam Dir, VP | 1 | $0 | |
Janelle N Coleman Dir, Pres | 1 | $0 | |
Ann P Kelly Dir | 1 | $0 | |
Charles Patton Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000,000 |
| Interest on Savings | $81,832 |
| Dividends & Interest | $714,234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,062,534 |
| Capital Gain Net Income | $4,062,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,378 |
| Total Revenue | $79,861,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83,958 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,872 |
| Total operating and administrative expenses | $194,830 |
| Contributions, gifts, grants paid | $29,645,020 |
| Total expenses and disbursements | $29,839,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,631,653 |
| 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 | $9,839 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $70,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $55,922 |
| Total assets | $95,988,119 |
| Accounts payable and accrued expenses | $57,000 |
| Grants payable | $22,856,958 |
| 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 | $22,913,958 |
Grants Awarded
Over the last fiscal year, American Electric Power Foundation has awarded $32,212,320 in support to 704 organizations.
| Grant Recipient | Amount |
|---|---|
A KID AGAIN INC PURPOSE: FALL FASCINATION ADVENTURE | $25,000 |
A NEW LEAF INC PURPOSE: COMPREHENSIVE WORKFORCE SOLUTIONS | $50,000 |
ABILENE BOYS RANCH INC PURPOSE: RING SECURITY CAMERAS | $2,000 |
ABILITY UNLIMITED INC PURPOSE: YOUTH MENTORSHIP/COMMUNITY OUTREACH | $20,000 |
AFFORDABLE HOUSING ALLIANCE OF CENTRAL OHIO PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ACADEMY FOR URBAN SCHOLARS PURPOSE: CLOSING THE | $20,000 |