Allen Capital Group Foundation

Private foundation · Grantmaker Grand Island, NE EIN: 45-4417075

Allen Capital Group Foundation is a private foundation, based in Grand Island, NE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $100K in total assets. In 2024, it awarded 1 grant totaling $5K. Net investment income was $2K.

Allen Capital Group Foundation at a glance

In short: Allen Capital Group Foundation gave $5K across 1 grant in 2024 (avg $5K), mostly in Nebraska. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$4,500
-10.0% vs 2023
Grants made (2024)
1
+0.0% vs 2023
Average grant
$4,500
-10.0% vs 2023
Median grant
$4,500
Total assets
$99,709
-3.0% vs 2023
Primary geography
Nebraska (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated October 2026.

Who Allen Capital Group Foundation funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Grand Island Public Schools Foundat: $5KGrand Island Public SchoolsFoundat$5K

The largest 2024 recipient was Grand Island Public Schools Foundat ($5K).

Grant Size Distribution

21 grants across all recorded years

21<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 21 grants of 21 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of the 2024 grant dollars on its one itemized grant.

Cities

LincolnGrand IslandDannebrogIndianapolisKansas CityCreteKearneyOmahaWayne

How Allen Capital Group Foundation gives

  • Giving fell 36% from 2021 to 2024. Method
  • In 2024 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K7 grants2020 5 grants2021 7 grants2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $5K (2024) to $33K (2022). In 2024 it made 1 grant totaling $5K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Grand Island Public Schools Foundat Grand Island, NEScholarships (2) Sponsored$4,500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$99,709$3,300$6,353$4,5001$4,600$1,547$6,171
2023$102,762$3,413$7,002$5,0001$5,050$1,719$5,459
2022$106,351$78,664$34,041$33,0317$33,031$770$7,432
2021$61,728$2,640$7,963$7,0005$7,000$304$3,523
2020$67,051$2,749$24,092$20,2887—$555$3,848

Under IRS private-foundation payout rules, Allen Capital Group Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Allen Capital Group Foundation is led by Eric Allen, President on every filing since 2022; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Eric Allen

    President

    On filings since 2022

    No compensation reported

  • Jenny Nichol

    Secretary

    On filings since 2021

    No compensation reported

  • Mark Allen

    Vice President

    On filings since 2021

    No compensation reported

Former officers (3)
  • Former: Rick Allen (2020–2021) — President
  • Former: Connie Allen (2020) — Vice President & Treasurer
  • Former: Courtney Cowardin (2020) — Secretary

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Allen Capital Group Foundation

How much does Allen Capital Group Foundation give each year?

Allen Capital Group Foundation gave $5K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 1 grant.

How large is Allen Capital Group Foundation?

Allen Capital Group Foundation reported $100K in total assets on its 2024 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Allen Capital Group Foundation operate?

Allen Capital Group Foundation has awarded grants in Indiana, Missouri, Nebraska.

What is Allen Capital Group Foundation's EIN?

Allen Capital Group Foundation's EIN (Employer Identification Number) is 45-4417075. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 3, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS October 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS October 17, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 10, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Allen Capital Group Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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