THE BERKELEY ALEMBIC FOUNDATION

EIN: 873386461 501(c)(3) Education

Berkeley, CA

Total Revenue
$743,095
Total Expenses
$695,862
Total Assets
$294,503
Net Assets
$294,503
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
Kathryn Devaney
Tax Period
2024-01-01 to 2024-12-31

THE BERKELEY ALEMBIC FOUNDATION, founded in 2021, is a small nonprofit in the Education sector that reported $743K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $696K left a modest 6% surplus.

Mission

The Alembic is a nonprofit bodymind center committed to experiments in transformation.

Program Service Accomplishments

Program 1
Expenses: $536,619 Revenue: $360,210

The Berkeley Alembic Foundation (The Alembic) is a 501(c)(3) educational nonprofit dedicated to fostering community in the Bay Area through donation-based classes, workshops, and cultural events. We...

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The Berkeley Alembic Foundation (The Alembic) is a 501(c)(3) educational nonprofit dedicated to fostering community in the Bay Area through donation-based classes, workshops, and cultural events. We aim to create an inclusive and vibrant space for personal growth, shared learning, and creative expression, accessible to people at all income levels. In 2024, The Alembic hosted an impressive 474 total events (up from 408), with 9,334 donation-based tickets claimed in advance (up from 4,319) by 4,213 unique individuals (up from 2,032). Of these, 2,890 (was 1,285) attendees joined for a single event, while the remaining 1323 (was 747) individuals participated in two to an astonishing 98 (was 58) events over the year, with repeat attendees engaging in an average of 4.5 events. Throughout the year, The Alembic continued to expand its offerings. At the start of 2024, we hosted 11 regularly occurring classes and approximately 15 special events per month, growing to 38 regular classes and approximately 9 special events per month by year-end.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $382,763
Program Service Revenue $310,303
Investment Income $122
Other Revenue $49,907
TOTAL REVENUE $743,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $327,226
Fundraising Expenses $7,359
Program Expenses $536,619
Other Expenses $368,636
TOTAL EXPENSES $695,862

Year-over-Year Comparison

2024 2023 Change
Revenue $743,095 $423,274 +0.8%
Expenses $695,862 $493,452 +0.4%
Net Income $47,233 $-70,178 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
97

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$111,356
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathryn Devaney Vice President 5.00
Officer
$111,356 $0 $111,356
Michael Taft President 5.00
Officer
$0 $0 $0
Erik Davis Secretary 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $743,095 $695,862 $294,503 $47,233
2023 $440,058 $510,235 $247,270 $-70,177
2022 $611,111 $319,173 $317,446 $291,938
2022 $611,111 $319,173 $317,446 $291,938
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