Alliance Community Foundation
- Assets
- $3.3m
- Revenue
- $1.9m
- Investments
- $1.4m
- Employees
- 1
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 38-7161863
Organization Overview
Alliance Community Foundation is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community 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. Alliance Community 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, Alliance Community Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SHALL CARRY OUT ITS PURPOSES AS A COMMUNITY FOUNDATION WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.170A-9(F)(10)
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO QUALIFIED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alliance Community Corporation Trustee | 1 | $0 | |
Randy Fox Secretary | Officer | 10 | $0 |
Suzanne Jack Officer | Officer | 1 | $0 |
Dan Rice President | Officer | 10 | $0 |
Andrew Russo CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $46,652 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,503,250 |
| Noncash contributions included in lines 1a–1f | $1,006,187 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,549,902 |
| Total Program Service Revenue | $0 |
| Investment income | $30,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $227,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,870,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,217,148 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,316 |
| Payroll taxes | $3,972 |
| Fees for services: Management | $17,539 |
| Fees for services: Legal | $2,695 |
| Fees for services: Accounting | $14,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,961 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,398 |
| All other expenses | $385 |
| Total functional expenses | $2,331,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,563,520 |
| Investments—other securities | $1,388,822 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,273,530 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,273,530 |
| Net assets with donor restrictions | $0 |
| 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 | $3,273,530 |