Albert And Margaret Alkek Foundation
- Assets
- $190.7m
- Revenue
- $20.6m
- Investments
- $165.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 76-0491186
Organization Overview
Albert And Margaret Alkek Foundation is located in Houston, TX. The organization was established in 1996. 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. Albert And Margaret Alkek 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 12/2022, Albert And Margaret Alkek Foundation generated $20.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $13.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Albert And Margaret Alkek Foundation has awarded 146 individual grants totaling $44,777,700. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Bacak Assistant Secretary/controller | 40 | $130,500 | |
Paul Klotman MD Director | 1 | $15,000 | |
Scott B Seaman Director/treasurer/executive Dir | 40 | $417,500 | |
Charles A Williams Director/president | 25 | $150,000 | |
Margaret Alkek Williams Director | 1 | $15,000 | |
Randa D Williams Director | 1 | $18,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iridian Asset Management Llc | 12/30/22 | $188,917 |
Eagle Capital Management Llc | 12/30/22 | $149,791 |
Polen Capital Management Llc | 12/30/22 | $131,653 |
Allspring Global Investments Llc | 12/30/22 | $60,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $152,943 |
| Dividends & Interest | $985,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,313,122 |
| Capital Gain Net Income | $17,687,964 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $169,068 |
| Total Revenue | $20,620,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $746,000 |
| Other employee salaries and wages | $17,550 |
| Pension plans, employee benefits | $44,455 |
| Interest | $0 |
| Taxes | $287,766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,608 |
| Total operating and administrative expenses | $1,709,266 |
| Contributions, gifts, grants paid | $12,000,000 |
| Total expenses and disbursements | $13,709,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306 |
| Savings and temporary cash investments | $12,639,337 |
| Net Accounts receivable | $12,389,472 |
| 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 | $108,557,506 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $190,689,765 |
| 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, Albert And Margaret Alkek Foundation has awarded $16,977,700 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HERITAGE EDUCATION FOUNDATION INC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
ALLIANCE FOR CHOICE IN EDUCATION PURPOSE: SCHOLARSHIPS | $50,000 |
AMAZING PLACE PURPOSE: AMAZING TOGETHER CAMPAIGN | $200,000 |
CHRISTIAN COMMUNITY SERVICE CENTER INC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
EPISCOPAL HIGH SCHOOL PURPOSE: ALKEK SCHOLARS PROGRAM | $69,100 |
CHILDBUILDERS PURPOSE: OPERATIONAL SUPPORT | $25,000 |