Prince Albert Ii Of Monaco Foundation Usa
- Assets
- $2.2m
- Revenue
- $779.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-2330828
Organization Overview
Prince Albert Ii Of Monaco Foundation Usa is located in Philadelphia, PA. The organization was established in 2009. 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. Prince Albert Ii Of Monaco Foundation USA 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, Prince Albert Ii Of Monaco Foundation USA generated $779.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 9 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 2015, Prince Albert Ii Of Monaco Foundation USA has awarded 46 individual grants totaling $5,032,888. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SUSTAINABLE AND EQUITABLE MANAGEMENT OF NATURAL RESOURCES AND PLACE THE INDIVIDUAL AT THE CENTER OF ITS PROJECTS. ENCOURAGE IMPLEMTATION OF INNOVATIVE AND ETHICAL SOLUTIONS IN CLIMATE, BIODIVERSITY AND WATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE SUSTAINABLE AND EQUITABLE MANAGEMENT OF NATURAL RESOURCES AND ENCOURAGE IMPLEMENTATION OF INNOVATIVE AND ETHICAL SOLUTIONS IN CLIMATE CHANGE, BIODIVERSITY, AND WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romain Ciarlet Board Member | Trustee | 2 | $0 |
John Mccarter Board Member | Trustee | 2 | $0 |
Jim Coleman Board Member | Trustee | 2 | $0 |
Jerome DE Bontin Board Member | Trustee | 2 | $0 |
Gabby Roe Board Member | Trustee | 2 | $0 |
John Coffman Executive Director | Trustee | 8 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $653,997 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $653,997 |
| Total Program Service Revenue | $0 |
| Investment income | $125,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $779,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $685,002 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $550 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $643 |
| All other expenses | $0 |
| Total functional expenses | $1,259,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,348 |
| Savings and temporary cash investments | $2,139,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $643 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,215,411 |
| Accounts payable and accrued expenses | $24,090 |
| Grants payable | $239,868 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $263,958 |
| Net assets without donor restrictions | $891,652 |
| Net assets with donor restrictions | $1,059,801 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,215,411 |
Grants Awarded
Over the last fiscal year, Prince Albert Ii Of Monaco Foundation Usa has awarded $685,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE PHILADELPHIA CITY FUND PURPOSE: FUNDING FOR THE PHILLY TREE PLAN | $130,000 |
LIQUID ART AND DESIGN PURPOSE: SPONSORSHPS OF INLIQUID GLASS HOUSE AND MEADOW EXHIBITION | $10,000 |
EARTH WIND FIRE AND WATER PURPOSE: 2023 PLANETERY HEALTH AWARD | $10,000 |
CLIMATEWORKS FOUNDATION PURPOSE: SUPPORT TO THE OCEAN INITAITIVE | $165,000 |
MIT SOLVE PURPOSE: MIT - TO DRIVE INNOVATION TO SOLVE WORLD CHALLENGES | $120,000 |
BLUE ACTION VENTURES PURPOSE: OPERATING PARTNERS FOR EXTRA ENTREPRENVERS TRANSFORMING THE BLUE AND GREEN ECONOMY | $250,000 |