Alea Family Foundation Ltd

FRANKFORT, KY EIN: 92-1441423

Alea Family Foundation Ltd is a private foundation, based in FRANKFORT, KY. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $221K in total assets. In 2023, it awarded 2 grants totaling $47K. Net investment income was $21K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$221K

-11.7% YoY

Annual Giving

$47K

Grant Count

Avg Grant Size

$23K

Under IRS private-foundation payout rules, Alea Family Foundation Ltd reported a distributable amount of $12K for 2023 — the minimum it must pay out in qualifying distributions.

About Alea Family Foundation Ltd

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $47K (100%)

States

Kentucky

Cities

Frankfort

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022
Total Assets	$220,718	$250,053
Revenue	$26,160	$250,053
Expenses	$55,495	—
Qualifying Distributions	$50,118	—
Net Investment Income	$20,783	$53
Distributable Amount	$11,940	$336

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Multiply Church ($30,000), The Frankfort Christian Academy ($16,785).

Recipient	Purpose	Amount
MULTIPLY CHURCH FRANKFORT, KY	GENERAL CHURCH OPERATIONS	$30,000
THE FRANKFORT CHRISTIAN ACADEMY FRANKFORT, KY	TUITION SCHOLARSHIP & TUESDAY GIVING	$16,785

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
ALLEN SWEENEY	DIRECTOR	1	—
LAUREN SWEENEY	DIRECTOR	1	—
JULIE WALTON	DIRECTOR	1	—

Frequently Asked Questions

How large is Alea Family Foundation Ltd?

As of 2023, Alea Family Foundation Ltd holds $221K in total assets with $26K in annual revenue. It awarded 2 grants totaling $47K in 2023.

Where does Alea Family Foundation Ltd operate?

Alea Family Foundation Ltd has awarded grants in Kentucky.

What size grants does Alea Family Foundation Ltd award?

In 2023, Alea Family Foundation Ltd awarded 2 grants totaling $47K — an average of about $23K per grant, based on its IRS Form 990 filings.

How much is Alea Family Foundation Ltd required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Alea Family Foundation Ltd reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.