Community Foundation Of Greater Huntsville
- Assets
- $51.3m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Huntsville, AL
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-3750673
Organization Overview
Community Foundation Of Greater Huntsville is located in Huntsville, AL. The organization was established in 2009. 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. As of 12/2023, Community Foundation Of Greater Huntsville employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Huntsville 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, Community Foundation Of Greater Huntsville generated $17.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $15.7m during the year ending 12/2023. While expenses have increased by 26.6% per year over the past 9 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 Greater Huntsville has awarded 1,366 individual grants totaling $49,800,306. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MOBILIZING GENEROSITY TO IMPROVE QUALITY OF LIFE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION ADMINISTERS DONOR ADVISED FUNDS, DESIGNATED FUNDS, FIELD OF INTEREST FUNDS, AGENCY FUNDS, AND SCHOLARSHIP FUNDS.
THE COMPASS SOCIETY AWARDED A GRANT OF $50,000 EACH TO HABITAT FOR HUMANITY OF THE RIVER VALLEY AND HUDSONALPHA INSTITUTE FOR BIOTECHNOLOGY AS WELL AS A GRANT IN THE AMOUNT OF $25,000 TO THE SCOTTSBORO MULTICULTURAL FOUNDATION DBA THE SCOTTSBORO BOYS MUSEUM. IN ADDITION, THE COMPASS ENDOWMENT HAD A BALANCE AT THE END OF 2023 OF $1,129,041.
THE WOMENS PHILANTHROPY SOCIETY AWARDED GRANTS IN THE AMOUNT OF $50,000 EACH TO HEART OF THE VALLEY YMCA AND HUNTSVILLE HOUSING AUTHORITY AS WELL AS A GRANT IN THE AMOUNT OF $200 TO THE BOYS & GIRLS CLUBS OF NORTH ALABAMA. IN ADDITION, THE WOMENS ENDOWMENT HAD A BALANCE AT THE END OF 2023 OF $351,211.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray White Chair | OfficerTrustee | 5 | $0 |
Mike Demaioribus Treasurer | OfficerTrustee | 5 | $0 |
Lynn Troy Vice Chair | OfficerTrustee | 5 | $0 |
Gw Boon III Secretary | OfficerTrustee | 5 | $0 |
Elizabeth Abel Member | Trustee | 1 | $0 |
Clay Hagan Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $227,682 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,887,026 |
| Noncash contributions included in lines 1a–1f | $7,460,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,114,708 |
| Total Program Service Revenue | $0 |
| Investment income | $1,121,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,951 |
| Net Income from Fundraising Events | -$30,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,823,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,402,276 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,249 |
| Compensation of current officers, directors, key employees. | $12,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,759 |
| Pension plan accruals and contributions | $10,483 |
| Other employee benefits | $0 |
| Payroll taxes | $35,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,308 |
| Fees for services: Accounting | $33,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $493,873 |
| Fees for services: Other | $15,068 |
| Advertising and promotion | $16,651 |
| Office expenses | $18,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,820 |
| Travel | $9,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,852 |
| Interest | $30,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,123 |
| Insurance | $19,613 |
| All other expenses | $0 |
| Total functional expenses | $15,700,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,332,357 |
| Savings and temporary cash investments | $5,193,362 |
| 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 | $696,039 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,756 |
| Net Land, buildings, and equipment | $6,110 |
| Investments—publicly traded securities | $43,068,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,600 |
| Total assets | $51,319,803 |
| Accounts payable and accrued expenses | $38,327 |
| Grants payable | $22,500 |
| Deferred revenue | $99,531 |
| 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 | $11,909,056 |
| Total liabilities | $12,069,414 |
| Net assets without donor restrictions | $31,461,807 |
| Net assets with donor restrictions | $7,788,582 |
| 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 | $51,319,803 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Huntsville has awarded $13,987,722 in support to 261 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT PRESBYTERIAN CHURCH PURPOSE: RELIGION RELATED | $21,000 |
DOWNTOWN RESCUE MISSION PURPOSE: BASIC NEEDS | $69,585 |
RIVERTREE CHURCH PURPOSE: RELIGION RELATED | $11,148 |
305 8TH STREET PURPOSE: BASIC NEEDS | $124,013 |
COOK MUSEUM OF NATURAL SCIENCE PURPOSE: EDUCATION | $5,900 |
HUDSON ALPHA FOUNDATION PURPOSE: HEALTH | $294,500 |