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Nonprofiteer
← VOGEL ALCOVE FOUNDATION

Form 990 for tax year 2024

Filed by VOGEL ALCOVE FOUNDATION.

Totals

Total revenue
$338,976
Total expenses
$275,548
Contributions and grants received
$100,210
Grants paid
$268,745
Program service revenue
$0
Investment income
$238,766
Other revenue
$0
Total assets, end of year
$11,839,002
Total liabilities, end of year
$30,021
Net assets or fund balances, end of year
$11,808,981
Program services expenses (Part IX)
$268,745
Management and general expenses
$6,803
Fundraising expenses
$0
Program service expenses (Part III)
$268,745

Program services were 97.5% 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.

  • 1d · Related organizations

    $49,968

  • 1f · All other contributions, gifts and grants

    $50,242

  • 3 · Investment income

    total $238,479 · excluded $238,479

  • 7a · Gross sales of assets other than inventory

    securities $2,538,634

  • 7b · Less cost or other basis and sales expenses

    securities $2,538,347

  • 7c · Gain or loss

    securities $287

  • 7d · Net gain or loss

    total $287 · excluded $287

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $268,745 · program services $268,745

  • 11c · Fees: accounting

    total $6,803 · management and general $6,803

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,354 · end of year $10,667

  • 4 · Accounts receivable

    end of year $50,242

  • 7 · Other notes and loans receivable

    beginning of year $4,271,400 · end of year $4,271,400

  • 12 · Investments: other securities

    beginning of year $6,949,929 · end of year $6,744,733

  • 15 · Other assets

    beginning of year $31,124 · end of year $761,960

  • 25 · Other liabilities

    beginning of year $69,063 · end of year $30,021

  • 27 · Net assets without donor restrictions

    beginning of year $11,189,744 · end of year $11,808,981

Mission and programs · 2024

Mission

THE FOUNDATION IS A SUPPORT ORGANIZATION FOR THE VOGEL ALCOVE. IT INVESTS FOUNDATION ASSETS AND PROVIDES FUNDRAISING GUIDANCE AND SUPPORT FOR THE ACTIVITIES OF VOGEL ALCOVE.

  • THE FOUNDATION ACCEPTS DONATIONS OF DIFFERENT KINDS OF GIFTS AS WELL AS PLANNED GIFTS THAT BENEFIT VOGEL ALCOVE. IT CLOSELY MONITORS THE INVESTMENT PORTFOLIO AND MANAGES RISK AND RETURNS. IT RECENTLY PROVIDED SERVICES AND A FUNDING VEHICLE FOR A NEW MARKET TAX CREDIT TRANSACTION INITIATED BY VOGEL ALCOVE.

    Expenses $268,745 · Grants $268,745

As filed on the 2024 return.

Listed in Part VII

  • Geoff Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Perry Kaufman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Veeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gil Friedlander

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bob Segert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alan Yonack

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Cypull

    PRESIDENT

    Total calculated
    $365,801
    From this org
    $0
    From related orgs
    $311,985
    Other
    $53,816
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,985 related
    Bonus
    $0 + $125,000 related
    Other
    $0
    Deferred
    $0 + $31,250 related
    Nontaxable benefits
    $0 + $22,566 related
    Filer's total
    $0 + $365,801 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2026
IRS schema version
2024v5.5
Source object
202601129349302110

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