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Ales Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842260420 ✦ Davenport, IA ✦ Designated as a 501(c)(3)

Overview

What is Ales Foundation?

The Ales Foundation is a nonprofit organization situated in Davenport, Iowa, specifically at 1101 WEST 9TH STREET. Its primary mission is to promote affordable housing for individuals with low to moderate income and offer assistance in covering educational expenses for those in need. This mission is accomplished through fostering decent housing options and providing aid to individuals seeking to further their education. The foundation's activities are centered around this mission, aiming to positively impact the community it serves.


Is Ales Foundation legitimate?

Ales Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ales 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Ales Foundation?
Who is the CEO of Ales Foundation?
What is the revenue of Ales Foundation?
Who are the executives of Ales Foundation and what are their salaries?
Where can I find the form 990 for Ales Foundation?

Mission Statement of Ales Foundation

The Ales Foundation is committed to fostering decent and affordable housing opportunities for individuals who fall within the low to moderate income bracket. Beyond providing housing, this nonprofit organization also extends a helping hand to those in need of assistance with their educational expenses. In essence, the Ales Foundation seeks to improve the living conditions and prospects of these individuals by addressing both their housing and educational needs.

Impact

This information is meant to be a general summary of Ales Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Ales Foundation's impact is significant in fostering decent affordable housing for individuals with low to moderate income. Additionally, the organization aids these individuals in need of assistance with educational expenses. Through their efforts, Ales Foundation contributes positively to the community by addressing housing insecurity and supporting educational advancement for those in need.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $3,870,775

    • Assets and Liabilities:
  • Total Assets: $11,536,728
  • Total Liabilities: $25,000
  • Net Assets: $11,511,728
  • Organization Details

    Founding Year

    2019

    Principal Officer

    Chris Ales

    Main Address

    1101 WEST 9TH STREET, DAVENPORT, IA, 52804

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Ales Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.