Overview
What is The Albertsons Companies Foundation?
The Albertsons Companies Foundation is a charitable organization based in Pleasanton, California. Their primary mission is to enhance the quality of life in the communities they serve by addressing essential needs such as hunger relief. Through collaborations with local organizations, they fundraise for various causes, including youth and education, health and human services, veterans, and people with special needs. The foundation takes pride in keeping the majority of donated funds within local communities, aligning with the priorities of their customers and employees. Their programs include initiatives for children, such as providing breakfast and holiday meals, as well as projects to ensure food access for families and seniors.
Official website here: www.national.albertsonscompaniesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%
The Albertsons Companies Foundation has received a Three-Star out of Four Star rating from Charity Navigator, with an overall score of 82%. This rating indicates a solid level of accountability and financial health for the organization, reflecting its commitment to effective financial management and transparency. The foundation has consistently demonstrated strong practices, such as thorough documentation and a lack of material diversion of assets.
Strengths of the foundation include an impressive program expense ratio of 98.63%, meaning a significant portion of its expenditures directly support its programs. Additionally, the foundation excels in its governance policies, all of which score full points on the evaluation metrics, including whistleblower and conflict of interest policies. These factors contribute to a favorable view of the foundation's operational integrity.
However, one limitation noted is in the fundraising efficiency ratio, which stands at $0.002, indicating potential challenges in fundraising effectiveness. This low ratio suggests that while the foundation is efficient in program spending, it may need to enhance its fundraising strategies to improve financial sustainability. Overall, the foundation shows a strong commitment to its mission but would benefit from addressing its fundraising efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is The Albertsons Companies Foundation legitimate?
The Albertsons Companies Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Albertsons Companies Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,993
For more financial information, click here
Official website here: www.national.albertsonscompaniesfoundation.org
What is the mission statement of The Albertsons Companies Foundation?
The Albertsons Companies Foundation collaborates with local organizations to enhance the livability of the communities it serves. Through thoughtfully directed fundraising efforts and the generous contributions of employees, vendors, and customers, the foundation supports a range of worthy causes in areas such as hunger relief, youth and education, health and human services, veterans, and people with special needs. The foundation takes great pride in ensuring that the majority of funds raised remain within local communities, aligning with the priorities of its customers and employees.
Official website here: www.national.albertsonscompaniesfoundation.org
Who is the CEO of The Albertsons Companies Foundation?
Christy Duncan Anderson is the President And Executive Di of The Albertsons Companies Foundation.
Official website here: www.national.albertsonscompaniesfoundation.org
What is the revenue of The Albertsons Companies Foundation?
The Albertsons Companies Foundation's revenue in 2023 was $69,050,982.
Official website here: www.national.albertsonscompaniesfoundation.org
Who are the executives of The Albertsons Companies Foundation and what are their salaries?
There 500 volunteers at The Albertsons Companies Foundation.
Here are 11 key members and their salaries:
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Official website here: www.national.albertsonscompaniesfoundation.org
Where can I find the form 990 for The Albertsons Companies Foundation?
The Albertsons Companies Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.national.albertsonscompaniesfoundation.org
Learn more at the official website: www.national.albertsonscompaniesfoundation.org
Mission Statement of The Albertsons Companies Foundation
The Albertsons Companies Foundation, a charitable organization, strives to enhance the living standards in the communities it serves. Through thoughtful fundraising initiatives and the generous contributions of Albertsons' employees, vendors, and customers, the Foundation supports a diverse range of causes. Among these are hunger relief, youth and education, health and human services, veterans, and individuals with special needs. The Foundation takes great pride in ensuring that an overwhelming majority of the funds raised remain within local communities, aligning with the values and priorities of its customer base and employees.
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Impact
October, 2024
The Albertsons Companies Foundation significantly enhances the quality of life in the communities it serves by focusing on key areas such as hunger relief, youth and education, health and human services, support for veterans, and assistance for individuals with special needs. By collaborating with local organizations, the foundation ensures that its initiatives resonate with the specific needs and priorities of the community.
Through programs like Nourishing Neighbors, the foundation addresses food insecurity by providing essential resources such as breakfast for kids, summer meals, holiday dinners, and weekend backpacks for children. These efforts not only fill tables and pantries but also empower neighbors to learn, grow, and succeed.
The foundation proudly keeps the majority of its fundraising contributions local, reflecting the values and needs of its customers and employees. This targeted approach demonstrates a genuine commitment to making a tangible impact where it's needed most, thereby strengthening community bonds and fostering a spirit of philanthropy.
This information is meant to be a general summary of The Albertsons Companies Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,241,587
- Gross Receipts: $70,065,875
Assets and Liabilities:
- Total Assets: $67,619,863
- Total Liabilities: $15,781
- Net Assets: $67,604,082
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Organization Details
Founding Year
2001
Phone
(925) 226-5121Principal Officer
Christy Duncan Anderson
Main Address
11555 DUBLIN CANYON ROAD, PLEASANTON, CA, 94588
NTEE Category
Code: T30 - Philanthropy
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