Alex Boone Charitable Foundation
- Assets
- $1.8m
- Revenue
- $71.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 61-6253244
Organization Overview
Alex Boone Charitable Foundation is located in Lexington, KY. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Alex Boone Charitable 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 12/2023, Alex Boone Charitable Foundation generated $71.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $182.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alex Boone Charitable Foundation has awarded 103 individual grants totaling $1,517,341. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,722 |
| Capital Gain Net Income | $22,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,093 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $394 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,279 |
| Total operating and administrative expenses | $22,273 |
| Contributions, gifts, grants paid | $159,900 |
| Total expenses and disbursements | $182,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $164,828 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,770,446 |
| 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, Alex Boone Charitable Foundation has awarded $159,900 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HORSE TRIALS FOUNDATION PURPOSE: SUBSIDY | $5,000 |
CITIZENS POLICE ACADEMY PURPOSE: SUBSIDY | $10,000 |
COMMONWEALTH FUND FOR KET PURPOSE: SUBSIDY | $1,800 |
FRATERNAL FIREFIGHTERS PURPOSE: SUBSIDY | $10,000 |
HENRY CLAY CENTER FOR STATESMANSHIP PURPOSE: SUBSIDY | $10,000 |
LEXINGTON CHALLENGER TENNIS CHARITY INC PURPOSE: SUBSIDY | $2,500 |