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EIN 88-3376597

Alku Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Andover
State
Massachusetts
Year formed
2023
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Alku Foundation is a grantmaker for youth programming in Massachusetts. They partner with nonprofit organizations that promote positive change in the lives of young people and their communities, with a focus on promoting equity and social progress. They practice trust-based philanthropy and strive to make it easier for nonprofits to deliver on their mission. Their charitable giving focus areas include education, equality, social progress, and improving community health. The foundation complements the corporate initiatives within the consulting services firm, ALKU.
Total revenues
$5,771,026
2023
Total expenses
$847,741
2023
Total assets
$7,623,420
2023
Num. employees
0
2023

Grants made by Alku Foundation

GranteeGrant descriptionAmount
Mass Mentoring Partnership (MMP)General Support$195,430
DoveGeneral Support$60,000
Boston ScoresGeneral Support$26,040
...and 23 more grants made totalling $414,024

Personnel at Alku Foundation

NameTitleCompensation
Vanessa PlantExecutive Director$186,805

Financials for Alku Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,534,008
Investment income and dividends$173,806
Net rental income$0
Net gain from sale of non-inventory assets$63,212
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,771,026

Form 990s for Alku Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-15990PFView PDF
2022-122023-11-08990PFView PDF
Data update history
January 23, 2024
Updated personnel
Identified 5 new personnel
January 20, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 20, 2024
Updated personnel
Identified 2 new personnel
December 30, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
100 Brickstone Sq Suite 400
Andover, MA 01810
Metro area
Boston-Cambridge-Newton, MA-NH
County
Essex County, MA
Website URL
thealkufoundation.org/ 
Phone
(978) 296-6901
IRS details
EIN
88-3376597
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2023
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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