Albright Foundation
- Assets
- $5.8m
- Revenue
- $155.9k
- Investments
- $4.2m
- Employees
- 0
- Location
- Edina, MN
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-3911328
Organization Overview
Albright Foundation is located in Edina, MN. 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. Albright 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, Albright Foundation generated $155.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $279.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Albright Foundation has awarded 86 individual grants totaling $538,509. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Albright Jr President Treasurer | 5 | $0 | |
Carolyn Albright Secretary | 1 | $0 | |
Julie Albright Director | 1 | $0 | |
Brian Haas Director | 1 | $0 | |
Jeanette Albright Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,354 |
| Dividends & Interest | $134,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,109 |
| Total Revenue | $155,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,674 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,932 |
| Total operating and administrative expenses | $4,706 |
| Contributions, gifts, grants paid | $274,291 |
| Total expenses and disbursements | $278,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,389 |
| Savings and temporary cash investments | $1,629,014 |
| 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 | $4,175,063 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,807,466 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Albright Foundation has awarded $274,291 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
SCHS ACADEMIC FOUNDATION PURPOSE: CHARITABLE - SCHOLARSHIP | $2,000 |
THE SPECIAL OPERATIONS FUND PURPOSE: CHARITABLE - SCHOLARSHIPS | $5,000 |
UNITE AMERICA INSTITUTE PURPOSE: CHARITABLE | $11,670 |
UPTURNSHIPS PURPOSE: CHARITABLE | $10,000 |
WALLIN EDUCATION PARTNERS PURPOSE: CHARITABLE - SCHOLARSHIPS | $11,869 |
BREAKTHROUGH TWIN CITIES PURPOSE: CHARITABLE | $2,500 |