Snook Foundation
- Assets
- $26.9m
- Revenue
- $2.8m
- Investments
- $17.5m
- Employees
- 0
- Location
- Foley, AL
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 23-7250795
Organization Overview
Snook Foundation is located in Foley, AL. The organization was established in 1972. 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. Snook 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 12/2021, Snook Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Snook Foundation has awarded 318 individual grants totaling $11,378,301. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION COSTS OF THE SNOOK TELEPHONE MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Lee II Grant Direct | 0 | $152,654 | |
Brenda Lee Executive D | 0 | $101,550 | |
Heather H Lee Grant Direct | 0 | $84,628 | |
M Mort Swaim Trustee | 0 | $6,000 | |
Rosemary Johnston Trustee | 0 | $6,000 | |
Melanie Lsmith Trustee | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $619 |
| Dividends & Interest | $409,852 |
| Net Rental Income | $13,260 |
| Net Gain on Sale of Assets | $2,394,675 |
| Capital Gain Net Income | $2,394,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,071 |
| Total Revenue | $2,820,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $338,832 |
| Pension plans, employee benefits | $274,202 |
| Interest | $0 |
| Taxes | $95,547 |
| Depreciation | $12,915 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $214,153 |
| Total operating and administrative expenses | $1,164,433 |
| Contributions, gifts, grants paid | $1,019,164 |
| Total expenses and disbursements | $2,183,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $434,233 |
| 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 | $17,510,079 |
| Net Land, buildings, and equipment | $5,086,121 |
| Other assets | $3,873,785 |
| Total assets | $26,904,218 |
| Accounts payable and accrued expenses | $3,796 |
| 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 | $3,796 |
Grants Awarded
Over the last fiscal year, Snook Foundation has awarded $1,019,164 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Foley, AL PURPOSE: FUNDS FOR EDUCATION TO CHILDREN | $425,000 |
SOUTH BALDWIN EDUCATION FOUNDATION PURPOSE: TO FUND SCHOLARSHIPS AND ADMIN. EXP. | $170,000 |
CARE HOUSE PURPOSE: FUNDS FOR ASSISTANCE AND SERVICES | $55,773 |
PRODISEE PANTRY PURPOSE: FUNDS FOR INDIGENT FAMILY ASSISTANC | $35,000 |
JENNIFER CLAIRE MOORE FOU PURPOSE: FUNDS TO TRAIN PEER HELPERS | $34,000 |
ROBERTSDALE VOLUNTEER FIRE DEPART PURPOSE: FUNDS TO PURCHASE TOOLS | $25,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |