Albatross Charitable Foundation
- Assets
- $317.4k
- Revenue
- $5.1k
- Investments
- $281.9k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 82-4300379
Organization Overview
Albatross Charitable Foundation is located in Wilmington, DE. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albatross 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, Albatross Charitable Foundation generated $5.1k 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 (55.8%) each year. All expenses for the organization totaled $228.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Albatross Charitable Foundation has awarded 309 individual grants totaling $831,998. 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 |
|---|---|---|---|
Jennifer L Tegeler Dir, Sec | 1 | $0 | |
Troy W Tegeler Dir, Pres | 2 | $0 | |
Darren Youngman Dir, Treas | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $897 |
| Dividends & Interest | $9,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,352 |
| Capital Gain Net Income | $42,401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,000 |
| Total operating and administrative expenses | $13,052 |
| Contributions, gifts, grants paid | $215,584 |
| Total expenses and disbursements | $228,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,516 |
| 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 | $317,420 |
| 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, Albatross Charitable Foundation has awarded $215,584 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BRAIN TUMOR ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
AMERICAN FRIENDS OF ISRAELI NAVY SEALS INC PURPOSE: CHARITABLE EVENT | $1,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
APARTMENT LIFE INC PURPOSE: COLRICH THRIVE FUND | $5,000 |
BEIT TSHUVAH PURPOSE: GENERAL & UNRESTRICTED | $500 |