Allbritton Foundation
- Assets
- $17.1m
- Revenue
- $881.4k
- Investments
- $17.0m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 06/1960
- Data as of
- 11/2023
- EIN
- 74-6051876
Organization Overview
Allbritton Foundation is located in Houston, TX. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Allbritton 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 11/2023, Allbritton Foundation generated $881.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.0m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Allbritton Trustee/president | 0.2 | $0 | |
Barbara B Allbritton Trustee | 0.2 | $0 | |
Elena H Allbritton Trustee/vice President | 0.2 | $0 | |
Janet Hall Asst. Secretary | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $473,553 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $407,824 |
| Capital Gain Net Income | $407,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $881,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,657 |
| Taxes | $9,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $273 |
| Total operating and administrative expenses | $27,819 |
| Contributions, gifts, grants paid | $4,010,000 |
| Total expenses and disbursements | $4,037,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,303 |
| Savings and temporary cash investments | $40,483 |
| 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 | $3,008 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,091,875 |
| 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 | $3,363 |
| Total liabilities | $3,363 |
Grants Awarded
Over the last fiscal year, Allbritton Foundation has awarded $4,010,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALLBRITTON JOURNALISM INSTITUTE PURPOSE: TO EDUCATE AND DEVELOP A NEW GENERATIONS OF REPORTERS | $4,000,000 |
DANIEL R SAYRE MEMORIAL FOUNDATION PURPOSE: PURCHASE OF AIRBUS AEROMEDICAL HELICOPTER AND STAFF TRAINING | $10,000 |