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Nonprofiteer
← VOGEL ALCOVE FOUNDATION

Form 990 for tax year 2023

Filed by VOGEL ALCOVE FOUNDATION.

Totals

Total revenue
$749,948
Total expenses
$318,167
Contributions and grants received
$550,329
Grants paid
$312,067
Program service revenue
$0
Investment income
$199,619
Other revenue
$0
Total assets, end of year
$11,258,807
Total liabilities, end of year
$69,063
Net assets or fund balances, end of year
$11,189,744
Program services expenses (Part IX)
$312,067
Management and general expenses
$6,100
Fundraising expenses
$0
Program service expenses (Part III)
$312,067

Program services were 98.1% 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

    $550,329

  • 3 · Investment income

    total $199,619 · excluded $199,619

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $312,067 · program services $312,067

  • 11c · Fees: accounting

    total $6,100 · management and general $6,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,496 · end of year $6,354

  • 7 · Other notes and loans receivable

    end of year $4,271,400

  • 12 · Investments: other securities

    beginning of year $8,452,863 · end of year $6,949,929

  • 15 · Other assets

    beginning of year $1,500,000 · end of year $31,124

  • 25 · Other liabilities

    beginning of year $0 · end of year $69,063

  • 27 · Net assets without donor restrictions

    beginning of year $10,071,359 · end of year $11,189,744

Mission and programs · 2023

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 $312,067 · Grants $312,067

As filed on the 2023 return.

Listed in Part VII

  • Craig Budner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Chadwick

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Macke

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Geoff Bailey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Perry Kaufman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Segert

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Veeder

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandra Wells

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alan Perkins

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Gil Friedlander

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alan Yonack

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Hughes

    PRESIDENT & CEO

    Total calculated
    $321,865
    From this org
    $0
    From related orgs
    $279,015
    Other
    $42,850
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,015 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $31,250 related
    Nontaxable benefits
    $0 + $11,600 related
    Filer's total
    $0 + $321,865 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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349310417

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