J A & Kathryn Albertson Foundation Inc
- Assets
- $0.0
- Revenue
- $34.9m
- Investments
- $518.6m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 12/1966
- Data as of
- 12/2019
- EIN
- 82-6012000
Organization Overview
J A & Kathryn Albertson Foundation Inc is located in Boise, ID. The organization was established in 1966. 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. J A & Kathryn Albertson 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 12/2019, J A & Kathryn Albertson Foundation Inc generated $34.9m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $35.2m during the year ending 12/2019. While expenses have increased by 15.1% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PURPOSE EXPLANATION ON ATTACHED 2021 SUPPLEMENTARY STATEMENTS FOR GRANT PAYMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Quarles Exec. Director | 50 | $185,053 | |
Brady Panatopoulos Director/ceo | 30 | $175,810 | |
Brian Naeve Dir/cio/treas. | 25 | $165,961 | |
Jamie Jo Scott Chairman/pres. | 35 | $165,792 | |
Brian Scott Director/sec'y | 2 | $28,876 | |
John Prehn Director | 2 | $28,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcmillen Jacobs | 12/30/21 | $246,883 |
Mcmillen Jacobs | 12/30/21 | $0 |
Paradigm Of Idaho Inc | 12/30/21 | $96,530 |
Riverwood Strategies Llc | 12/30/21 | $75,000 |
Drake Cooper | 12/30/21 | $0 |
Paradigm Of Idaho Inc | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,018 |
| Dividends & Interest | $17,393,355 |
| Profit on Inventory Sales | $0 |
| Other Income | -$750,511 |
| Total Revenue | $34,850,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $964,366 |
| Pension plans, employee benefits | $0 |
| Depreciation | $217,458 |
| Occupancy | $232,100 |
| Travel, conferences, and meetings | $11,273 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $8,366,512 |
| Contributions, gifts, grants paid | $26,862,197 |
| Total expenses and disbursements | $35,228,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | -$8,904,529 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $951,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Skip Viragh Foundation Inc Reno, NV | $289,471,217 | $23,635,241 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |