Alcoa Foundation
- Assets
- $146.9m
- Revenue
- $5.1m
- Investments
- $146.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2016
- Data as of
- 12/2020
- EIN
- 36-4831759
Organization Overview
Alcoa Foundation is located in Pittsburgh, PA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Alcoa 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 12/2020, Alcoa Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (45.4%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Alcoa Foundation has awarded 366 individual grants totaling $22,856,846. 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 |
|---|---|---|---|
Rosa Garcia Pineiro President | 22 | $202,041 | |
Kayla Branch Grants Administrator Asst Secretary, Prog Mgr (eff. 05/21) | 40 | $61,372 | |
Ashley Nayden Treasurer | 2 | $18,641 | |
Bill Oplinger Director | 1.5 | $0 | |
Sonya Elam Harden Director | 1.5 | $0 | |
Claire Miller Secretary (exited 07/21) | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of New York Mellon | 12/30/19 | $163,244 |
Alcoa Corporation | 12/30/19 | $552,744 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,750 |
| Dividends & Interest | $1,361,596 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,432,099 |
| Capital Gain Net Income | $3,248,642 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $282,231 |
| Total Revenue | $5,082,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $399,628 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168,747 |
| Total operating and administrative expenses | $1,093,152 |
| Contributions, gifts, grants paid | $4,901,725 |
| Total expenses and disbursements | $5,994,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,919 |
| Savings and temporary cash investments | $430,317 |
| Net Accounts receivable | $246,610 |
| 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 | $12,044,283 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $146,938,296 |
| Accounts payable and accrued expenses | $377,273 |
| Grants payable | $959,457 |
| 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 | $1,336,730 |
Grants Awarded
Over the last fiscal year, Alcoa Foundation has awarded $9,058,811 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL UNION FOR CONSERVATION OF NATURE AND NATURAL RESOURCES-US (IU PURPOSE: BEFORE- BENEFITS FROM RESTORATION | $1,000,000 |
EARTHWORM FOUNDATION PURPOSE: CSE GUINEA: SOCIAL PRACTITIONER TRAINING & COMMUNITY CAPACITY BUILDING | $651,073 |
Washington, DC PURPOSE: BEFORE- BENEFITS FROM RESTORATION | $500,000 |
DEPARTMENT OF BIODIVERSITY CONSERVATION AND ATTRACTIONS PURPOSE: PROTECTING BIODIVERSITY IN WAS JARRAH FOREST BY TARGETING INTRODUCED PREDATORS | $490,000 |
INTEGRACAO AMAZONICA FOUNDATION PURPOSE: TECHNOLOGICAL CENTER IN GEOSCIENCES AND APPLIED ENGINEERING | $403,000 |
BIRDLIFE AUSTRALIA PURPOSE: ALCOA AND COMMUNITIES WORKING TO HELP BLACK-COCKATOOS | $290,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alcoa Foundation has recieved totaling $8,980.
| Awarding Organization | Amount |
|---|---|
Nature Conservancy Arlington, VA PURPOSE: CONSERVATION ACTIVITIES | $8,980 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |