Alice And George Family Foundation Inc
- Assets
- $535.1k
- Revenue
- $31.3k
- Investments
- $448.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 81-4258711
Organization Overview
Alice And George Family Foundation Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Alice And George Family 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 06/2022, Alice And George Family Foundation Inc generated $31.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $34.7k during the year ending 06/2022. 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 |
|---|---|---|---|
Erin Nalbandian President | 1 | $0 | |
Harout Nalbandian Vice President | 1 | $0 | |
Hovick Nalbandian Treasurer | 1 | $0 | |
Mary Nalbandian Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,468 |
| Capital Gain Net Income | $21,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,780 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $730 |
| Total operating and administrative expenses | $9,934 |
| Contributions, gifts, grants paid | $24,748 |
| Total expenses and disbursements | $34,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,772 |
| Savings and temporary cash investments | $7,360 |
| 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 | $447,952 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $535,084 |
| 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, Alice And George Family Foundation Inc has awarded $24,748 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHAPIN SCHOOL PURPOSE: GENERAL CONTRIBUTION | $10,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $8,500 |
NEW YORK COMMUNITY HOSPITAL PURPOSE: GENERAL CONTRIBUTION | $2,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $1,000 |
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL CONTRIBUTION | $1,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $721 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |