Community Foundation Of Eastalabama Inc
- Assets
- $1.7m
- Revenue
- $313.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Opelika, AL
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-8660184
Organization Overview
Community Foundation Of Eastalabama Inc is located in Opelika, AL. The organization was established in 2008. According to its NTEE Classification (T31) the organization is classified as: Community 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. Community Foundation Of Eastalabama Inc 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 12/2021, Community Foundation Of Eastalabama Inc generated $313.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $304.3k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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 2015, Community Foundation Of Eastalabama Inc has awarded 11 individual grants totaling $267,043. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COMMUNITY FOUNDATION OF EAST ALABAMA IS TO BUILD AND ADMINISTER ENDOWMENT FUNDS FOR PHILANTHROPIC PURPOSES FOCUSING ON IDENTIFIED COMMUNITY NEEDS AND STRENGTHENING NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A LOCAL CENTER FOR PHIANTHROPY, THE COMMUNITY FOUNDATION WORKS WITH INDIVIDUALS, FAMILIES, CORPORATIONS, PRIVATE FOUNDATIONS AND NONPROFIT ORGANIZATIONS TO HELP THEM CARRY OUT THEIR CHARITABLE OBJECTIVES AND ADDRESS EMERGING COMMUNITY ISSUES.
AS A LOCAL CENTER FOR PHIANTHROPY, THE COMMUNITY FOUNDATION WORKS WITH INDIVIDUALS, FAMILIES, CORPORATIONS, PRIVATE FOUNDATIONS AND NONPROFIT ORGANIZATIONS TO HELP THEM CARRY OUT THEIR CHARITABLE OBJECTIVES AND ADDRESS EMERGING COMMUNITY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Kam Chair | OfficerTrustee | $0 | |
Tommy Eden Vice-Chair | OfficerTrustee | $0 | |
Barbara Patton Pres & Sec/t | Officer | $0 | |
Debbie Allen Director | Trustee | $0 | |
Laurel Buckalew Director | Trustee | $0 | |
George Clay Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,744 |
| Noncash contributions included in lines 1a–1f | $5,102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,044 |
| Total Program Service Revenue | $0 |
| Investment income | $16,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,000 |
| Grants and other assistance to domestic individuals. | $25,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,899 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $764 |
| Interest | $48 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236 |
| Insurance | $0 |
| All other expenses | $21,315 |
| Total functional expenses | $304,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,500 |
| Savings and temporary cash investments | $799,947 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $611 |
| Investments—publicly traded securities | $878,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,684,094 |
| Accounts payable and accrued expenses | $1,599 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,599 |
| Net assets without donor restrictions | $840,715 |
| Net assets with donor restrictions | $841,780 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,684,094 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Eastalabama Inc has awarded $72,190 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY UNITED METHODIST CHURCHTRINITY UNITED METHODIST CHURCH | | | $52,000 |
HUDSON FAMILY FOUNDATIONHUDSON FAMILY FOUNDATION | | | $14,190 |
HABITAT FOR HUMANITYHABITAT FOR HUMANITY | | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Foundation Of Eastalabama Inc has recieved totaling $6,250.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $5,250 |
Don And Barbara Thornton Family Foundation Tulsa, OK PURPOSE: JOE BECKWITH SCHOL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $678,163 |
| Earnings | $182,137 |
| Admin Expense | $9,443 |
| Net Contributions | $175,043 |
| Grants | $223,121 |
| Ending Balance | $841,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |