Albregts Family Foundation Inc
- Assets
- $466.6k
- Revenue
- $42.9k
- Investments
- $457.5k
- Employees
- 0
- Location
- Queen Creek, AZ
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-1765507
Organization Overview
Albregts Family Foundation Inc is located in Queen Creek, AZ. The organization was established in 2018. 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. Albregts 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 12/2021, Albregts Family Foundation Inc generated $42.9k 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 (20.0%) each year. All expenses for the organization totaled $32.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Albregts Family Foundation Inc has awarded 15 individual grants totaling $101,713. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALBREGTS FAMILY FOUNDATION PROVIDES SCHOLARSHIPS TO THE CHILDREN OF DEXTER, APACHE EMPLOYEES BASED ON A CRITERIA SET THROUGH THE SCHOLARSHIP COMMITTEE.
THE FOUNDATION CONTRIBUTED TO WORLD VISION, AN ORGANIZATION THAT PROVIDES CLEAN WATER, HEALRHT CARE AND EDUCATION TO KIDS LIVING IN AFRICA.
THE FOUNDATION PROVIDES DONATIONS TO A RELIGIOUS ORGANIZATION (CATHOLIC CHURCH) TO HELP WITH ANY OF THE CHURCH'S NEEDS.
THE FOUNDATION CONTRIBUTED TO CHILDREN IN CONFLICT FOR THE BENEFIT OF CHILDREN IN NEED OF HUMANITARIAN AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Albregts Vice President | 1 | $0 | |
Denise Albregts President/tr | 1 | $0 | |
Benjamin Albregts Director | 1 | $0 | |
Ryan Albregts Director | 1 | $0 | |
Tyler Albregts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,212 |
| Capital Gain Net Income | $31,212 |
| Net ST Capital Gain | $225 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,120 |
| Total operating and administrative expenses | $6,347 |
| Contributions, gifts, grants paid | $26,006 |
| Total expenses and disbursements | $32,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,078 |
| Savings and temporary cash investments | $0 |
| 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 | $457,504 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $466,582 |
| 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, Albregts Family Foundation Inc has awarded $26,006 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ST STEVENS CATHOLIC CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |
DEXTER APACHE HOLDINGS PURPOSE: GENERAL SUPPORT | $10,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $5,070 |
WORLD VISION PURPOSE: GENERAL SUPPORT | $936 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |