The Ernest B Albat And Rose A Albat Foundation For Cancer Research
- Assets
- $319.5k
- Revenue
- $18.8k
- Investments
- $304.2k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/1988
- Data as of
- 08/2023
- EIN
- 56-6312891
Organization Overview
The Ernest B Albat And Rose A Albat Foundation For Cancer Research is located in Las Vegas, NV. The organization was established in 1988. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ernest B Albat And Rose A Albat Foundation For Cancer Research 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 08/2023, Ernest B Albat And Rose A Albat Foundation For Cancer Research generated $18.8k 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 (6.6%) each year. All expenses for the organization totaled $46.3k during the year ending 08/2023. 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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,665 |
| Capital Gain Net Income | $4,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $337 |
| Total Revenue | $18,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,113 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,264 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $46,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,327 |
| Net Accounts receivable | $0 |
| 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 | $304,186 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $319,513 |
| 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, The Ernest B Albat And Rose A Albat Foundation For Cancer Research has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: GENERAL OPERATING | $17,500 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL OPERATING | $17,500 |