Alternative Foundation
- Assets
- $3.2m
- Revenue
- $62.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-3128471
Organization Overview
Alternative Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Alternative 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, Alternative Foundation generated $62.6k 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 (30.0%) each year. All expenses for the organization totaled $784.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alternative Foundation has awarded 16 individual grants totaling $883,508. 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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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Van Dyke Horn | 12/30/22 | $108,000 |
Michigan Growth Network Llc | 12/30/22 | $83,550 |
Vvk Pr Creative | 12/30/22 | $58,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,327 |
| Dividends & Interest | $73,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,148 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $809 |
| Total Revenue | $62,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $73,320 |
| Interest | $0 |
| Taxes | $3,027 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,190 |
| Printing and publications | $120 |
| Other expenses | $25,892 |
| Total operating and administrative expenses | $514,511 |
| Contributions, gifts, grants paid | $270,000 |
| Total expenses and disbursements | $784,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $254,085 |
| 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 | $3,208,810 |
| 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, Alternative Foundation has awarded $270,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BAILEY PARK PROJECT PURPOSE: GENERAL & UNRESTRICTED | $125,000 |
BAILEY PARK PROJECT PURPOSE: BAILEY PARK NDC | $125,000 |
DETROIT FOOD & ENTREPRENEURSHIP ACADEMY PURPOSE: GENERAL SUPPORT | $20,000 |