Form 990 for tax year 2024
Filed by ALHAMBRA FOUNDATION FOR THE FUTURE.
Totals
- Total revenue
- $88,005
- Total expenses
- $107,569
- Contributions and grants received
- $23,096
- Grants paid
- $80,075
- Program service revenue
- $0
- Investment income
- $64,909
- Other revenue
- $0
- Total assets, end of year
- $2,266,016
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,266,016
- Program services expenses (Part IX)
- $99,378
- Management and general expenses
- $8,191
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $80,075
Program services were 92.4% 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.
-
1f · All other contributions, gifts and grants
$23,096
-
3 · Investment income
total $34,337 · excluded $34,337
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $30,572
-
7c · Gain or loss
securities $30,572 · other assets $0
-
7d · Net gain or loss
total $30,572 · excluded $30,572
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $80,075 · program services $80,075
-
11a · Fees: management
total $21,314 · program services $17,051 · management and general $4,263
-
11c · Fees: accounting
total $2,252 · program services $2,252
-
11f · Fees: investment management
total $3,928 · management and general $3,928
-
22 · Depreciation, depletion and amortization
total $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,602 · end of year $350
-
2 · Savings and temporary cash investments
beginning of year $106,492 · end of year $113,283
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,023,356 · end of year $2,152,383
-
27 · Net assets without donor restrictions
beginning of year $2,132,450 · end of year $2,266,016
Mission and programs · 2024
Mission
To provide selected graduates of the Alhambra School District with scholarships for post-secondary education. Scholarships are for students who might otherwise be unable to afford college.
-
The Foundation provided 43 scholarships to selected graduates of the Alhambra Elementary School District for post-secondary education. Scholarships are for students who might otherwise be unable to afford college.
Expenses $80,075 · Grants $80,075
As filed on the 2024 return.
Listed in Part VII
-
Mark Laliberte
President
- Total calculated
- $0
- Hours/week
- 2
-
Melissa Gonzales
Director
- Total calculated
- $0
- Hours/week
- 1
-
Clair Perry
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr James Rice
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Carol G Peck
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gretchen Noble
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marian Vandermate
Director
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202601359349316515
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