Warner Foundation Inc
- Assets
- $10.1m
- Revenue
- $978.7k
- Investments
- $10.1m
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-3311211
Organization Overview
Warner Foundation Inc is located in Tuscaloosa, AL. The organization was established in 2009. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warner Foundation 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, Warner Foundation Inc generated $978.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $591.6k during the year ending 12/2021. While expenses have increased by 20.5% 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 2020, Warner Foundation Inc has awarded 18 individual grants totaling $1,124,879. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan G Warner Chairman | 1 | $0 | |
Vaughan Morrissette Director | 1 | $0 | |
Jerry Phillips Treasurer | 1 | $0 | |
Joyce Allen Secretary | 1 | $0 | |
Maura O'shea Vice- Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,297 |
| Dividends & Interest | $319,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $623,345 |
| Capital Gain Net Income | $623,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $978,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $29,701 |
| Pension plans, employee benefits | $0 |
| Interest | $2,402 |
| Taxes | $1,004 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26,194 |
| Printing and publications | $0 |
| Other expenses | $70,300 |
| Total operating and administrative expenses | $197,627 |
| Contributions, gifts, grants paid | $394,000 |
| Total expenses and disbursements | $591,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,957 |
| 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 | $41,160 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,131,886 |
| 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, Warner Foundation Inc has awarded $409,419 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE ASHBROOK CENTER AT ASHLAND UNIVERSITY PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS FOR AMERICAN ART HISTORY | $75,000 |
THOMAS COLE NATIONAL HISTORIC SITE PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS FOR AMERICAN ART HISTORY | $48,500 |
TURNING POINT PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS FOR AMERICAN ART HISTORY | $10,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND-CASH PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS FOR AMERICAN ART HISTORY | $50,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND-STOCK PURPOSE: TO SUPPORT EDUCATIONAL PROGRAMS FOR AMERICAN ART HISTORY | $225,919 |