Nonprofit · EIN 76-0491186
ALBERT AND MARGARET ALKEK FOUNDATION
Tax-exempt · HOUSTON, TX 77002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $27,135,913 | $16,166,595 | $10,969,318 | $198,995,348 | $0 | $198,995,348 |
| December 31, 2023 | 990-PF | $15,269,215 | $15,408,889 | -$139,674 | $188,026,030 | $0 | $188,026,030 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,015,323
- Interest
- $975,977
- Net gain from sales of assets
- $23,029,520
- Other income
- $2,115,093
Expenses
- Grants and similar amounts paid
- $14,000,000
- Compensation of officers, directors and key employees
- $779,994
- Disbursements for charitable purposes
- $14,260,728
- Excise tax on investment income
- $348,971
Balance sheet and other
- Total assets, start of year
- $188,026,030
- Total assets, end of year
- $198,995,348
- Total liabilities, end of year
- $0
- Net assets, end of year
- $198,995,348
- Fair market value of assets
- $304,283,599
- Qualifying distributions
- $14,260,728
- Net investment income
- $26,310,617
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT B SEAMAN 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR/TREASURER/EXECUTIVE DIR | 40 | $443,270 | $0 |
| CHARLES A WILLIAMS 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR/PRESIDENT | 25 | $150,000 | $0 |
| SANDRA BACAK 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | ASSISTANT SECRETARY/CONTROLLER | 40 | $138,724 | $17,001 |
| RANDA D WILLIAMS 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR | 1 | $18,000 | $0 |
| PAUL KLOTMAN MD 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR | 1 | $15,000 | $0 |
| MARGARET ALKEK WILLIAMS 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR | 1 | $15,000 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT B SEAMAN 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR/TREASURER/EXECUTIVE DIR | 40 | $434,000 | $0 |
| CHARLES A WILLIAMS 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR/PRESIDENT | 25 | $150,000 | $0 |
| SANDRA BACAK 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | ASSISTANT SECRETARY/CONTROLLER | 40 | $135,120 | $15,455 |
| RANDA D WILLIAMS 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR | 1 | $18,000 | $0 |
| PAUL KLOTMAN MD 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR | 1 | $15,000 | $0 |
| MARGARET ALKEK WILLIAMS 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002 | DIRECTOR | 1 | $15,000 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 LOUISIANA ST STE 5250, HOUSTON, TX 77002-5100
- Signed the 990-PF
- SCOTT SEAMAN, EXECUTIVE DIRECTOR
- Phone
- (713) 652-6601
- Website
- WWW.ALKEK.ORG
- Return prepared by
- RSM US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 76-0491186
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $198,995,348
- Income (IRS master file)
- $47,910,332
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $27,135,913 | $16,166,595 | $198,995,348 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $15,269,215 | $15,408,889 | $188,026,030 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-0491186).
Questions about ALBERT AND MARGARET ALKEK FOUNDATION
- What is the EIN of ALBERT AND MARGARET ALKEK FOUNDATION?
- The employer identification number (EIN) of ALBERT AND MARGARET ALKEK FOUNDATION is 76-0491186.
- Is ALBERT AND MARGARET ALKEK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ALBERT AND MARGARET ALKEK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ALBERT AND MARGARET ALKEK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ALBERT AND MARGARET ALKEK FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALBERT AND MARGARET ALKEK FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of ALBERT AND MARGARET ALKEK FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $443,270 (SCOTT B SEAMAN, DIRECTOR/TREASURER/EXECUTIVE DIR).
- How much revenue does ALBERT AND MARGARET ALKEK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $27,135,913, expenses of $16,166,595 and total assets of $198,995,348 at year end.
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