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The ALES Foundation (EIN: 84-2260420) is dedicated to fostering decent affordable housing for individuals with low to moderate income and providing assistance with educational needs. With an operating budget of $103 and total revenue of $1.5 million for the 2024 filing year, the organization relies heavily on a single funder, which contributes $2.8 million, indicating a significant dependence on this source for its financial sustainability. While the foundation does not have a publicly available website, its mission underscores a commitment to addressing critical housing and educational challenges in the community it serves.
Mission Statement
ORGANIZED TO DEVELOP, BUILD, OWN AND OPERATE HOUSING PROJECTS THAT RELIEVE THE AGED, POOR, AND/OR DISTRESSED WHO ARE OTHERWISE UNABLE TO SECURE ADEQUATE HOUSING, AND FURTHER TO USE A PORTION OF THE NET INCOME FROM SUCH ACTIVITIES TO FUND SCHOLARSHIPS FOR THE POOR AND DISTRESSED.
Cause Areas
1
Housing development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
THE CALL FOUNDATION
$2.8M
32%
Frequently Asked Questions
What is ALES FOUNDATION’s budget?
In 2024, ALES FOUNDATION reported an annual operating budget of around <$1,000. More detailed financial information is available to registered users.
What causes does ALES FOUNDATION support?
ALES FOUNDATION supports work in Housing development.
Where does ALES FOUNDATION operate?
ALES FOUNDATION is headquartered in Davenport, IA.
Who funded ALES FOUNDATION recently?
In 2021, ALES FOUNDATION received grants from THE CALL FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ALES FOUNDATION received in 2021?
The largest grant to ALES FOUNDATION in 2021 exceeds $900 thousand.
What is ALES FOUNDATION’s reliance on government grants?
ALES FOUNDATION relied on government grants for more than 100% of their total revenue in 2024.