Community Foundation Of Greater Huntsville
- Assets
- $48.0m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Huntsville, AL
- Founding
- 09/2009
- Data as of
- 12/2021
- 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 12/2021, Community Foundation Of Greater Huntsville employed 9 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 12/2021, Community Foundation Of Greater Huntsville generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 18.5% 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 2015, Community Foundation Of Greater Huntsville has awarded 797 individual grants totaling $23,428,460. 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
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, AND AGENCY FUNDS. THE FOUNDATION MAKES GRANTS TO 501C3 NONPROFIT ORGANIZATIONS UNDER THE OVERSIGHT OF THE BOARD OF DIRECTORS.
INSPIRED BY THE DEATH OF GEORGE FLOYD, THE COMMUNITY FOUNDATION ESTABLISHED THE RACIAL EQUITY FUND TO BRIDGE EQUITY GAPS IN THE FOCUS AREAS OF ECONOMIC OPPORTUNITY, EDUCATION, HEALTH AND WELLNESS, AND NEIGHBORHOODS AND COMMUNITIES. THE FOUNDATION, THROUGH A GRANTS COMMITTEE AUTHORIZED BY THE BOARD OF DIRECTORS THROUGH THE COMMUNITY IMPACT COMMITTEE, MADE 18 GRANTS TO NONPROFIT ORGANIZATIONS AND DEDICATED HALF OF ALL THE REVENUE FROM THIS FUND TO SUPPORT AN ENDOWMENT FOR THE LONG-TERM WORK RELATED TO BRIDGING EQUITY GAPS.
THE COMMUNITY FOUNDATION, IN PARTNERSHIP WITH THE SCHOOLS FOUNDATION, ADMINISTERS THE SUMMER ADVENTURES IN LEARNING (SAIL) PROGRAM TO HELP PREVENT SUMMER LEARNING LOSS AMONG LOW-INCOME STUDENTS FROM THE THREE PUBLIC SCHOOL SYSTEMS IN MADISON COUNTY. THROUGH THE GENEROSITY OF OUR COMMUNITY, THE FOUNDATION MADE 7 PROGRAM GRANTS OF $189,000 AND 2 INTERFUND GRANTS OF $14,000 PROVIDING INTENTIONALLY ACADEMIC SUMMER PROGRAMMING FOR 1,276 STUDENTS DURING THE SUMMER OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Thompson Ceo/president | Officer | 40 | $105,688 |
Ray White Vice Chair | OfficerTrustee | 5 | $0 |
Mike Demaioribus Secretary | OfficerTrustee | 5 | $0 |
Ginger Harper Chair | OfficerTrustee | 5 | $0 |
Lynn Troy Treasurer | OfficerTrustee | 5 | $0 |
Mike Lowe Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,801 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,641,567 |
| Noncash contributions included in lines 1a–1f | $4,281,140 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,729,368 |
| Total Program Service Revenue | $0 |
| Investment income | $736,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $896,851 |
| Net Income from Fundraising Events | -$21,881 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,690,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,172,044 |
| 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. | $105,688 |
| Compensation of current officers, directors, key employees. | $10,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,128 |
| Pension plan accruals and contributions | $8,819 |
| Other employee benefits | $0 |
| Payroll taxes | $23,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $393 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $369,163 |
| Fees for services: Other | $1,823 |
| Advertising and promotion | $19,742 |
| Office expenses | $10,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,610 |
| Travel | $4,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,539 |
| Interest | $120,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,573 |
| Insurance | $15,455 |
| All other expenses | $0 |
| Total functional expenses | $6,178,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,102,335 |
| Savings and temporary cash investments | $5,658,612 |
| 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 | $1,222,576 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,599 |
| Net Land, buildings, and equipment | $5,321 |
| Investments—publicly traded securities | $32,994,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,011,600 |
| Total assets | $48,014,878 |
| Accounts payable and accrued expenses | $20,861 |
| Grants payable | $76,950 |
| Deferred revenue | $59,500 |
| 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 | $6,000,000 |
| Total liabilities | $6,157,311 |
| Net assets without donor restrictions | $33,099,736 |
| Net assets with donor restrictions | $8,757,831 |
| 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 | $48,014,878 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Huntsville has awarded $6,389,089 in support to 206 organizations.
| Grant Recipient | Amount |
|---|---|
VON BRAUN CIVIC CENTER PURPOSE: LIFESTYLE | $390,611 |
WHITESBURG BAPTIST CHURCH PURPOSE: RELIGION RELATED | $233,855 |
FIRST BAPTIST CHURCH PURPOSE: RELIGION RELATED | $206,750 |
Huntsville, AL PURPOSE: LIFESTYLE | $152,600 |
Huntsville, AL PURPOSE: HEALTH | $151,150 |
Huntsville, AL PURPOSE: HEALTH | $110,250 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Community Foundation Of Greater Huntsville has recieved totaling $141,024.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $65,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $36,000 |
Amyotrophic Lateral Sclerosis Assn Arlington, VA PURPOSE: ANNUAL GRANT PAYMENT FY22 CENTER OF EXCELLENCE/RESEARCH | $25,000 |
Tony Hawk Foundation Vista, CA PURPOSE: FOR CONSTRUCTION OF A SKATE PARK. | $10,000 |
I3 Cares Foundation Huntsville, AL PURPOSE: FOR ASSISTANCE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Endowment Analysis
| Beg. Balance | $3,203,128 |
| Earnings | $454,290 |
| Admin Expense | $39,562 |
| Net Contributions | $1,495,311 |
| Grants | $18,131 |
| Ending Balance | $5,095,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |