Travis Foundation
- Assets
- $291.3k
- Revenue
- $13.9k
- Investments
- $255.4k
- Employees
- 0
- Location
- Hoover, AL
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 03-0403673
Organization Overview
Travis Foundation is located in Hoover, AL. The organization was established in 2002. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Travis Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Travis Foundation generated $13.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $31.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO THE OPERATIONS OF THE CHURCH OF THE HIGHLANDS AND OTHER CHARITIES. ALSO COUNSEL & TEACH YOUNG ADULTS AND COUPLES BUDGETING AND PERSONAL FINANCIAL PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald O Travis Sr President & Director | 2 | $0 | |
June B Travis Director | 1 | $0 | |
Christopher L Travis Director | 1 | $0 | |
Name Not Listed Tax Returns & Consultant | 1 | $14,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,195 |
| Net ST Capital Gain | $1,195 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,309 |
| Total Revenue | $13,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,792 |
| Total operating and administrative expenses | $19,001 |
| Contributions, gifts, grants paid | $12,700 |
| Total expenses and disbursements | $31,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $23,477 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $102,431 |
| Investments—other | $152,946 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,616 |
| Total assets | $291,286 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Travis Foundation has awarded $12,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE HIGHLANDS PURPOSE: DONATION | $9,000 |
BILLY GRAHAM ASSOCIATION PURPOSE: DONATION | $3,000 |
UNIVERSITY OF ALABAMA PURPOSE: DONATION | $100 |
DAV FOUNDATION PURPOSE: DONATION | $500 |
TUNNELS TO TOWERS PURPOSE: DONATION | $100 |