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Nonprofiteer
← APOLLO FOUNDATION INC

Form 990 for tax year 2023

Filed by APOLLO FOUNDATION INC.

Totals

Total revenue
$868,380
Total expenses
$863,387
Contributions and grants received
$868,380
Grants paid
$850,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
-$4
Total liabilities, end of year
$0
Net assets or fund balances, end of year
-$4
Program services expenses (Part IX)
$850,000
Management and general expenses
$13,387
Fundraising expenses
$0
Program service expenses (Part III)
$850,000

Program services were 98.4% 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

    $868,380

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $850,000 · program services $850,000

  • 11g · Fees: other

    total $11,874 · management and general $11,874

  • 12 · Advertising and promotion

    total $750 · management and general $750

  • 13 · Office expenses

    total $143 · management and general $143

  • 24a · Other expenses: MEALS

    total $620 · management and general $620

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,045 · end of year -$4

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,042

  • 27 · Net assets without donor restrictions

    beginning of year -$4,997 · end of year -$4

Mission and programs · 2023

Mission

APOLLO FOUNDATION, INC. IS AN ALABAMA ECONOMIC DEVELOPMENT ORGANIZATION AND 501(C)(3) ORGANIZATION ESTABLISHED TO FACILITATE COMMUNITY INVESTMENT AND GROW LOCAL BUSINESS ECOSYSTEMS. APOLLO FOUNDATION, INC.'S FOCUS ON GROWING THE ENTREPRENEURIAL ECOSYSTEM AIMS TO BENEFIT PRODUCTIVITY, INNOVATION AND JOBS TO PROVIDE OPPORTUNITIES TO ALL ENTREPRENEURS, REGARDLESS OF RACE, PLACE OR GENDER.

  • GIVES FUNDING TO GENER8TOR

    Expenses $850,000 · Grants $850,000

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

Listed in Part VII

  • Maximilian J Grelier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Remy F Gross III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alan Duncan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • GENER8TOR MANAGEMENT LLC

    $850,000

    TO HELP FACILIATE GENER8TOR'S PROGRAMS

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.

  • REX COMMERCIAL PROPERTIES INC

    C · REAL ESTATE MANAGEMENT · AL

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202422219349300917

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

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