Alma Del Mar Foundation Inc

Organization Overview

Alma Del Mar Foundation Inc is located in New Bedford, MA. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alma Del Mar 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 06/2021, Alma Del Mar Foundation Inc generated $834.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $411.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE IN ORDER TO FURTHER THE EDUCATIONAL GOALS OF THE ALMA DEL MAR CHARTER SCHOOL LOCATED IN NEW BEDFORD, MA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION RAISED FUNDS TO BENEFIT THE PROGRAMS OF ALMA DEL MAR CHARTER SCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Will Gardner
Clerk
$0
Edward Haddad
Director
$0
Martha Kay
Director
$0
David Prentiss
Director
$0
Bronwen Cunningham
Treasurer
$0
Roger Cabral
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,250,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,250,600
Total Program Service Revenue$0
Investment income $131,033
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$546,716
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 $834,917

Grants Awarded

Over the last fiscal year, Alma Del Mar Foundation Inc has awarded $254,568 in support to 2 organizations.

Grant RecipientAmount

ALMA DEL MAR CHARTER SCHOOL

PURPOSE: TO PROVIDE ASSISTANCE TO THE EDUCATIONAL GOALS OF ALMA DEL MAR CHARTER SCHOOL.

$237,568

New Bedford, MA

PURPOSE: TO PROVIDE ASSISTANCE TO DEVELOP A SCHOOL BUILDING FOR ALMA DEL MAR CHARTER SCHOOL.

$17,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Alma Del Mar Foundation Inc has recieved totaling $187,648.

Awarding OrganizationAmount
Wellington Management Foundation

Boston, MA

PURPOSE: See Part IV

$65,000
George Frederick Jewett Foundation East

St Paul, MN

PURPOSE: THE PURCHASE OF LIBRARY BOOKS AND UNRESTRICTED SUPPORT

$50,000
Lofberg Family Foundation

Boston, MA

PURPOSE: CHARITABLE DONATION

$30,000
One8 Foundation

Boston, MA

PURPOSE: EDUCATION

$25,000
Southcoast Community Foundation Inc

New Bedford, MA

PURPOSE: GENERAL SUPPORT

$11,000
C & P Higgins Arnold Foundation

Boston, MA

PURPOSE: GENERAL PURPOSES

$5,000
View Grant Recipient Profile

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