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EIN 20-4798471

Albemarle Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Charlotte
State
North Carolina
Year formed
2006
Most recent tax filings
2022-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Albemarle Foundation is a corporate foundation based in Charlotte, NC, that primarily funds program assistance, youth and community physical health programs, youth training programs, health and human services programs, education programs, and environmental sustainability initiatives. The foundation made 1,166 grants last year to various grantees, including Communities In Schools of Charlotte Mecklenburg Inc.
Total revenues
$4,258,896
2022
Total expenses
$6,244,698
2022
Total assets
$27,297,981
2022
Num. employees
3
2022

Grants made by Albemarle Foundation

GranteeGrant descriptionAmount
Communities in Schools of Charlotte Mecklenburg (CIS)Program Assistance$400,000
Carolina Youth CoalitionProgram Assistance$400,000
Ymca of Greater CharlotteProgram Assistance$300,000
...and 677 more grants made totalling $4,476,286

Personnel at Albemarle Foundation

NameTitleCompensation
Carrie ReederExecutive Director
Sandra HolubPast Executive Director$37,970
Jim LabauveOfficer$0

Financials for Albemarle Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,751,494
Investment income and dividends$506,114
Net rental income$0
Net gain from sale of non-inventory assets$-998,712
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,258,896

Form 990s for Albemarle Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990PFView PDF
2021-122022-11-11990PFView PDF
2020-122021-11-11990PFView PDF
2019-122021-06-11990PFView PDF
2018-122020-01-28990PFView PDF
...and 6 more Form 990s

Organizations like Albemarle Foundation

OrganizationLocationRevenue
Walter J and Betty C Zable FoundationSan Diego, CA$5,312,663
Geneseo FoundationGeneseo, IL$1,120,038
Mitsubishi Electric America Foundation (MEAF)Arlington, VA$2,290,793
Robert E and Jenny D Kirkland FoundationUnion City, TN$10,828,232
Wyndham ChampionshipGreensboro, NC$17,513,249
Mississippi Power FoundationGulfport, MS$4,285,011
W. Clement & Jessie V. Stone FoundationChicago, IL$2,132,655
The Westfield Insurance FoundationWestfield Center, OH$2,455,738
Ray FoundationNaples, FL$7,315,310
Sunlight GivingPalo Alto, CA$19,688,426
Data update history
January 3, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 2, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 7, 2023
Updated personnel
Identified 2 new personnel
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
4250 Congress St Ste 900
Charlotte, NC 28209
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
albemarle.com/about/albemarle-foundation 
Phone
(980) 299-5531
IRS details
EIN
20-4798471
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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