ALBERT FAMILY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: ALBERT FAMILY FOUNDATION INC (EIN 81-1567221)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-13
IRS object ID: 202513179349101831
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Investments Corp Stock Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-13T13:06:37-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	200066544	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Paul C Jensen Attorney at Law LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2001 16th Street North	AddressLine1Txt
City	Saint Petersburg	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33704	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	811567221	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ALBERT FAMILY FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% ANTHONY ALBERT	InCareOfNm
Business Name Control	ALBE	BusinessNameControlTxt
Phone	5713291379	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	234 21ST AVENUE NE	AddressLine1Txt
City	SAINT PETERSBURG	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33704	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ANTHONY ALBERT	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	7278250099	PhoneNum
Signature	2025-11-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PAUL C JENSEN	PreparerPersonNm
PTIN	P00358963	PTIN
Phone	7278250099	PhoneNum
Preparation	2025-11-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$59,510	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$1,065	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,065	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$10,450	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$21,724	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$10,450	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$11,515	TotalRevAndExpnssAmt
Total Net Invst Incm	$11,515	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$517	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$517	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$517	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$517	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$21,950	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$21,950	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$22,467	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$517	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$21,950	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$10,952	ExcessRevenueOverExpensesAmt
Net Investment Income	$10,998	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$2,418	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$2,740	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$2,740	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$20,996	CorporateStockBOYAmt
Corporate Stock EOY	$9,722	CorporateStockEOYAmt
Corporate Stock EOYFMV	$56,770	CorporateStockEOYFMVAmt
Total Assets BOY	$23,414	TotalAssetsBOYAmt
Total Assets EOY	$12,462	TotalAssetsEOYAmt
Total Assets EOYFMV	$59,510	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$23,414	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$12,462	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$23,414	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$12,462	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$23,414	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$12,462	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$23,414	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$10,952	ExcessRevenueOverExpensesAmt
Subtotal	$12,462	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$12,462	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	Marketable Securities	PropertyDesc
How Acquired	P	HowAcquiredCd
Acquired	2018-06-19	AcquiredDt
Sold	2024-12-09	SoldDt
Gross Sales Price	$21,724	GrossSalesPriceAmt
Cost Or Other Basis	$11,274	CostOrOtherBasisAmt
Gain Or Loss	$10,450	GainOrLossAmt
Gains Minus Excess Or Losses	$10,450	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$10,450	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$153	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$153	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$153	TaxBasedOnInvestmentIncomeAmt
Tax Due	$153	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	FL	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Individual With Books	ANTHONY ALBERT	IndividualWithBooksNm
Phone	7278250099	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	234 201TH AVENUE NE	AddressLine1Txt
City	SAINT PETERSBURG	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33704	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
ANTHONY ALBERT
234 21ST AVENUE NE	SAINT PETERSBURG	FL	33704	DIRECTOR	0.00	$0	$0	$0
Michael Albert
2728 13th Street North	Saint Petersburg	FL	33704	Director	0.00	$0	$0	$0
Sarah Albert
234 21ST AVENUE NE	SAINT PETERSBURG	FL	33704	Director	0.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$64,804	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$3,476	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$68,280	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$68,280	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,024	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$67,256	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$3,363	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$3,363	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$153	TaxBasedOnInvestmentIncomeAmt
Total Tax	$153	TotalTaxAmt
Distributable Before Adj	$3,210	DistributableBeforeAdjAmt
Distributable Before Ded	$3,210	DistributableBeforeDedAmt
Distributable As Adjusted	$3,210	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$21,950	ExpensesAndContributionsAmt
Qualifying Distributions	$21,950	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$3,210	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$18,384	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr1	$39,092	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$57,476	TotalExcessDistributionCyovAmt
Qualifying Distributions	$21,950	QualifyingDistributionsAmt
Applied To Current Year	$3,210	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$18,740	RemainingDistriFromCorpusAmt
Total Corpus	$76,216	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$18,384	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$57,832	ExcessDistriCyovToNextYrAmt
Excess From Year1	$39,092	ExcessFromYear1Amt
Excess From Current Year	$18,740	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	ANTHONY ALBERT	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Florida Resucrrection House
800 11th St N	Saint Petersburg	FL	33705	None	PC	General	$3,150
Tuck School of Business
100 Tuck Hall	Hanover	NH	03755	None	PC	General	$1,000
Cathederal Church
140 4th St N	Saint Petersburg	FL	33701	None	PC	General	$10,000
Davidson College
405 N Main St	Davidson	NC	28035	None	PC	General	$3,500
Academy Prep Center for Education
2301 22nd Ave S	Saint Petersburg	FL	33712	None	PC	General	$300
My Warriors Place
101 22nd St NW	Ruskin	FL	33570	None	PC	General	$3,000
LCC Day School
4400 Chancellor St NE	Saint Petersburg	FL	33703	None	PC	General	$1,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$21,950	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$1,065	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$1,065	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,065	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	MARKETABLE SECURITIES	StockNm
EOY Book Value	$9,722	EOYBookValueAmt
EOYFMV	$56,770	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	BANK FEES	Desc
Revenue And Expenses Per Books	$517	RevenueAndExpensesPerBooksAmt
Net Investment Income	$517	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

ALBERT FAMILY FOUNDATION INC: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Comments