W James Samford Jr Foundation
- Assets
- $9.4m
- Revenue
- $2.6m
- Investments
- $7.0m
- Employees
- 0
- Location
- Opelika, AL
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 20-0246688
Organization Overview
W James Samford Jr Foundation is located in Opelika, AL. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. W James Samford Jr 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, W James Samford Jr Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 68.4% each year . All expenses for the organization totaled $674.7k during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W James Samford Jr Foundation has awarded 142 individual grants totaling $4,401,207. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING EXPENSES RELATED TO PROGRAM RELATED INVESTMENT LIVE OAK CIRCLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucinda Samford Cannon President And Director | 20 | $72,500 | |
Preston B Barnett Treasurer And Director | 1 | $1,500 | |
E Rasha Cannon Secretary And Director | 1 | $20,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $245,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,389,015 |
| Capital Gain Net Income | $2,389,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,635,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $94,086 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,337 |
| Depreciation | $1,174 |
| Occupancy | $16,894 |
| Travel, conferences, and meetings | $1,038 |
| Printing and publications | $0 |
| Other expenses | $17,734 |
| Total operating and administrative expenses | $236,784 |
| Contributions, gifts, grants paid | $437,928 |
| Total expenses and disbursements | $674,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,436 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Investments—other | $63,356 |
| Net Land, buildings, and equipment | $2,161,834 |
| Other assets | $5,357 |
| Total assets | $9,412,203 |
| Accounts payable and accrued expenses | $207 |
| 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 | $100 |
| Total liabilities | $307 |
Grants Awarded
Over the last fiscal year, W James Samford Jr Foundation has awarded $1,088,156 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS & AWARDS | $24,000 |
AUBURN UNIVERSITY FOUNDATION PURPOSE: CAPITAL CAMPAIGN FOR RANE CULINARY CENTER | $25,736 |
BLUE LAKE UNITED METHODIST ASSOCATION PURPOSE: GENERAL FUNDING OF CAMP BLUE LAKE | $25,000 |
CENTER FOR LIFE ENRICHMENT PURPOSE: PROVIDE EDUCATIONAL & ENTERTAINING PROGRAMS IN HIGHLANDS, NC | $1,000 |
EAST ALABAMA MEDICAL CENTER FOUNDATION PURPOSE: CAPITAL CAMPAIGN PSYCHIATRIC HOSPITAL | $14,779 |
EAST ALABAMA ARTS ASSOCIATION PURPOSE: GENERAL FUNDING | $20,000 |