J R Albert Foundation Inc
- Assets
- $37.0m
- Revenue
- $3.1m
- Investments
- $36.0m
- Employees
- 0
- Location
- Naperville, IL
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 26-0147405
Organization Overview
J R Albert Foundation Inc is located in Naperville, IL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. J R Albert 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 12/2023, J R Albert Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 5 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 2020, J R Albert Foundation Inc has awarded 233 individual grants totaling $5,910,530. 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 |
|---|---|---|---|
Melvin Kim CEO | 40 | $156,279 | |
Patricia Belle Robb President | 5 | $10,000 | |
Michael R Sante Secretary | 5 | $10,000 | |
Carol Deese Director | 5 | $10,000 | |
Daniel Mills Director | 5 | $10,000 | |
Madalyn Mills Director | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,096 |
| Dividends & Interest | $795,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,302,905 |
| Capital Gain Net Income | $2,302,905 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87 |
| Total Revenue | $3,120,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $291,279 |
| Other employee salaries and wages | $61,250 |
| Pension plans, employee benefits | $23,082 |
| Interest | $0 |
| Taxes | $35,000 |
| Depreciation | $0 |
| Occupancy | $8,910 |
| Travel, conferences, and meetings | $39,157 |
| Printing and publications | $0 |
| Other expenses | $12,946 |
| Total operating and administrative expenses | $566,637 |
| Contributions, gifts, grants paid | $1,435,030 |
| Total expenses and disbursements | $2,001,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $941,340 |
| 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 | $36,027,447 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $695 |
| Total assets | $36,969,482 |
| 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, J R Albert Foundation Inc has awarded $1,435,030 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
A RED CIRCLE PURPOSE: GENERAL OPERATING | $50,000 |
5 LOAVES FOOD PANTRY PURPOSE: DIAPER BANK | $15,000 |
ADOPT PURPOSE: GENERAL OPERATING | $5,000 |
ADVOCATES FOR URBAN AGRICULTURE PURPOSE: GENERAL OPERATING | $75,000 |
AFTER THE HARVEST PURPOSE: GENERAL OPERATING | $33,318 |
AMERICAN CIVIL LIBERTIES PURPOSE: GENERAL OPERATING | $5,000 |