Skip to content
Nonprofiteer
← THE ALBERTSONS COMPANIES FOUNDATION

Form 990 for tax year 2023

Filed by THE ALBERTSONS COMPANIES FOUNDATION.

Totals

Total revenue
$68,065,900
Total expenses
$63,174,224
Contributions and grants received
$65,922,254
Grants paid
$61,641,891
Program service revenue
$0
Investment income
$3,322,766
Other revenue
-$1,179,120
Total assets, end of year
$73,713,042
Total liabilities, end of year
$96,830
Net assets or fund balances, end of year
$73,616,212
Program services expenses (Part IX)
$61,641,891
Management and general expenses
$463,262
Fundraising expenses
$1,069,071
Program service expenses (Part III)
$61,641,891

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $3,566,145

  • 1d · Related organizations

    $2,224,107

  • 1f · All other contributions, gifts and grants

    $60,132,002

  • 3 · Investment income

    total $3,322,766 · excluded $3,322,766

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $3,566,145

  • 8b · Fundraising events: direct expenses

    $1,182,285

  • 8c · Net income from fundraising events

    total -$1,182,285 · excluded -$1,182,285

  • 9a · Gaming: gross income

    $3,165

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $3,165 · excluded $3,165

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,415,710 · program services $61,415,710

  • 2 · Grants to domestic individuals

    total $226,181 · program services $226,181

  • 7 · Other salaries and wages

    total $92,870 · management and general $92,870

  • 11c · Fees: accounting

    total $161,154 · management and general $161,154

  • 11f · Fees: investment management

    total $62,719 · management and general $62,719

  • 13 · Office expenses

    total $108,081 · management and general $108,081

  • 24a · Other expenses: CAMPAIGN EXPENSE

    total $1,069,071 · fundraising $1,069,071

  • 24b · Other expenses: TAXES AND LICENSES

    total $38,438 · management and general $38,438

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $49,162,815 · end of year $54,532,464

  • 3 · Pledges and grants receivable

    beginning of year $3,015,368 · end of year $2,104,197

  • 11 · Investments: publicly traded securities

    beginning of year $15,441,680 · end of year $17,076,381

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,781 · end of year $96,830

  • 27 · Net assets without donor restrictions

    beginning of year $30,888,217 · end of year $34,066,398

  • 28 · Net assets with donor restrictions

    beginning of year $36,715,865 · end of year $39,549,814

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE ALBERTSONS COMPANIES FOUNDATION, WORKING IN COLLABORATION WITH LOCAL ORGANIZATIONS, SEEKS TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES. BY CAREFULLY DIRECTING ITS FUNDRAISING EFFORTS AND THE GENEROUS CONTRIBUTIONS OF ALBERTSONS' EMPLOYEES, VENDORS AND CUSTOMERS, THE FOUNDATION SUPPORTS A VARIETY OF WORTHY CAUSES IN HUNGER RELIEF, YOUTH AND EDUCATION, HEALTH AND HUMAN SERVICES, VETERANS AND PEOPLE WITH SPECIAL NEEDS. IT TAKES PRIDE IN ENSURING THAT THE VAST MAJORITY OF THE FUNDS RAISED STAYS IN LOCAL COMMUNITIES AND REFLECTS WHAT IS IMPORTANT TO ITS CUSTOMERS AND EMPLOYEES.

Activities or mission (Part I)

THE ALBERTSONS COMPANIES FOUNDATION, WORKING IN COLLABORATION WITH LOCAL ORGANIZATIONS, SEEKS TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES. BY CAREFULLY DIRECTING ITS FUNDRAISING EFFORTS AND THE GENEROUS CONTRIBUTIONS OF ALBERTSONS' EMPLOYEES, VENDORS AND CUSTOMERS, THE FOUNDATION SUPPORTS A VARIETY OF WORTHY CAUSES IN HUNGER RELIEF, YOUTH AND EDUCATION, HEALTH AND HUMAN SERVICES, VETERANS AND PEOPLE WITH SPECIAL NEEDS. IT TAKES PRIDE IN ENSURING THAT THE VAST MAJORITY OF THE FUNDS RAISED STAYS IN LOCAL COMMUNITIES AND REFLECTS WHAT IS IMPORTANT TO ITS CUSTOMERS AND EMPLOYEES.

  • NOURISHING NEIGHBORS - OUR NOURISHING NEIGHBORS PROGRAM'S MISSION IS TO ENSURE THAT ALL OF OUR NEIGHBORS INCLUDING KIDS, SENIORS AND FAMILIES HAVE ACCESS TO NOURISHING FOOD. THROUGH PROGRAMS THAT FUNDS BREAKFAST FOR KIDS, SUMMER MEALS, HOLIDAY DINNERS, BACKPACKS FOR KIDS TO TAKE HOME OVER THE WEEKENDS, SCHOOL PANTRIES AND MANY OTHER METHODS, NOURISHING NEIGHBORS' GOAL IS TO ENSURE ALL OUR COMMUNITIES' TABLES AND PANTRIES ARE FULL SO THAT OUR NEIGHBORS CAN LEARN, GROW AND SUCCEED.

    Expenses $32,710,224 · Grants $32,710,224

  • THE ALBERTSONS COMPANIES FOUNDATION SUPPORTS CAUSES THAT IMPACT OUR CUSTOMERS' LIVES. OUR STORES PROVIDE THE OPPORTUNITY TO MOBILIZE FUNDING AND CREATE AWARENESS IN OUR NEIGHBORHOODS THROUGH OUR EMPLOYEES' PASSION, PARTNERSHIPS WITH OUR VENDORS AND THE GENEROUS CONTRIBUTIONS BY OUR CUSTOMERS. WE TAKE PRIDE IN ENSURING THAT THE VAST MAJORITY OF THE FUNDS WE RAISE STAYS IN LOCAL COMMUNITIES AND REFLECTS WHAT IS IMPORTANT TO OUR CUSTOMERS AND EMPLOYEES.

    Expenses $28,931,667 · Grants $28,931,667

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christy Duncan Anderson

    PRESIDENT & EXEC. DIR.

    Total calculated
    $0
    Hours/week
    40

  • Susan Morris

    BOARD CHAIR (THRU 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Saenz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carrie Cook

    CFO & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Debra Ceffalio

    DIRECTOR (THRU 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Ramiya Iyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Theilmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Edington

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wendy Gutshall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nancy Keane

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sara Osborne

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kris Staaf

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALBERTSONS COMPANIES INC

    C · RETAIL SALES · CA

Provenance

Return type
form_990
Tax year
2023
Filed
5 September 2024
IRS schema version
2023v5.1
Source object
202442509349301809

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.