Alexander F Victor Foundation
- Assets
- $497.0k
- Revenue
- $240.5k
- Investments
- $375.6k
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 08/1965
- Data as of
- 12/2022
- EIN
- 94-6121837
Organization Overview
Alexander F Victor Foundation is located in Monterey, CA. The organization was established in 1965. 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. Alexander F Victor 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, Alexander F Victor Foundation generated $240.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $264.3k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 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.
Since 2015, Alexander F Victor Foundation has awarded 342 individual grants totaling $1,255,000. 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 |
|---|---|---|---|
Hansen P Reed President & | 4 | $62,000 | |
Amy Reed Treas/sec/vp | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48 |
| Dividends & Interest | $20,806 |
| Net Rental Income | $207,303 |
| Net Gain on Sale of Assets | -$552 |
| Capital Gain Net Income | $254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,989 |
| Total Revenue | $240,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $378 |
| Depreciation | $1,207 |
| Occupancy | $3,061 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,669 |
| Total operating and administrative expenses | $80,256 |
| Contributions, gifts, grants paid | $184,000 |
| Total expenses and disbursements | $264,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,888 |
| 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 | $48,915 |
| Net Land, buildings, and equipment | $79,500 |
| Other assets | $0 |
| Total assets | $496,995 |
| 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, Alexander F Victor Foundation has awarded $184,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION FOR MONTEREY PURPOSE: MONTEREY GIVES - SUPPORT FOR VARIOUS | $77,000 |
COMMUNITY FOUNDATION FOR MONTEREY PURPOSE: TO PROVIDE FUNDS TO SUPPORT MC | $50,000 |
MONTEREY PENINSULA COLLEGE PURPOSE: BOOSTER CLUB | $15,000 |
JOSEPHINE KERNS MEMORIAL POOL PURPOSE: TO PROVIDE POOL USE FOR THE DISABLED | $5,000 |
PASS THE WORD MINISTRY PURPOSE: SERVING THE HOMELESS AND HUNGRY | $2,000 |
MONTEREY PENINSULA COLLEGE PURPOSE: PRESIDENT'S CIRCLE | $2,000 |