Allen Fam Foundation Ac1q35 Tr
- Assets
- $14.9m
- Revenue
- $587.4k
- Investments
- $13.2m
- Employees
- 0
- Location
- Woodbridge, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 38-7278393
Organization Overview
Allen Fam Foundation Ac1q35 Tr is located in Woodbridge, NJ. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allen Fam Foundation Ac1q35 Tr 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, Allen Fam Foundation Ac1q35 Tr generated $587.4k 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 (64.6%) each year. All expenses for the organization totaled $698.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $624,631 |
| Interest on Savings | $0 |
| Dividends & Interest | $200,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$237,394 |
| Capital Gain Net Income | $121,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $173 |
| Total Revenue | $587,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,055 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,349 |
| Total operating and administrative expenses | $38,870 |
| Contributions, gifts, grants paid | $660,000 |
| Total expenses and disbursements | $698,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,900 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $540 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,529,131 |
| Total assets | $14,908,434 |
| 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, Allen Fam Foundation Ac1q35 Tr has awarded $660,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH FOUNDATION OF IOWA PURPOSE: GENERAL SUPPORT | $30,000 |
UNITED WAY QUAD CITIES PURPOSE: GENERAL SUPPORT | $100,000 |
BIRDIES FOR CHARITY PURPOSE: GENERAL SUPPORT | $30,000 |
EVANS SCHOLARS FOUNDATION PURPOSE: GENERAL SUPPORT | $500,000 |