Athens Federal Foundation
- Assets
- $5.1m
- Revenue
- $1.0m
- Investments
- $3.9m
- Employees
- 0
- Location
- Athens, TN
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-1569250
Organization Overview
Athens Federal Foundation is located in Athens, TN. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Athens Federal 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 12/2023, Athens Federal Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 35.5% each year . All expenses for the organization totaled $285.6k during the year ending 12/2023. While expenses have increased by 11.2% 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, Athens Federal Foundation has awarded 363 individual grants totaling $1,717,764. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CARE FOR THE LESS FORTUNATE IN THE AREA BY OFFERING FOOD, HOUSING, TRANSPORTATION, HELP WITH UTILITIES 12 ORGANIZATIONS ASSISTED
PROVIDE EDUCATION TO AREA CHILDREN BY SUPPLYING MATERIALS, TRAINING AND OPPORTUNITIES FOR GROWTH 12 ORGANIZATIONS ASSISTED
PROVIDE FUNDING FOR RESCUE EQUIPMENT FOR 1 ORGANIZATION
PROVIDE EDUCATION AND HELP FOR ABUSED AND NEGLECTED CHILDREN AND DISADVANTAGED ADULTS AND TO MAKE THOSE IN THE AREA MORE AWARE OF THE NEEDS 7 ORGANIZATIONS ASSISTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Cunningham President | 0.25 | $0 | |
Michael R Hutsell Treasurer/director | 0.25 | $0 | |
Nicole Gibbs Secretary | 0.25 | $0 | |
Linda D Caldwell Director | 0.25 | $0 | |
Elaine M Cathcart Director | 0.25 | $0 | |
Lyn B Thompson Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $12,410 |
| Dividends & Interest | $118,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $906,297 |
| Capital Gain Net Income | $906,297 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,046,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,786 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,713 |
| Printing and publications | $0 |
| Other expenses | $4,991 |
| Total operating and administrative expenses | $13,340 |
| Contributions, gifts, grants paid | $272,300 |
| Total expenses and disbursements | $285,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,221,057 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,138,184 |
| Accounts payable and accrued expenses | $3,306 |
| 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 | $3,306 |
Grants Awarded
Over the last fiscal year, Athens Federal Foundation has awarded $272,300 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ATHENS-MCMINN FAMILY YMCA PURPOSE: FUNDS TO SUPPORT Y-CAP (YMCA COMMUNITY ACTION PROJECT) FOR AT RISK YOUTH AGES 10-16 REFERRED BY DCHS, JUVENILE SERVICES, OR A CONCERNED ADULT IN THEIR LIVES. | $35,000 |
CASA CORRIDOR OF EAST TN PURPOSE: RECRUITMENT AND TRAINING OF VOLUNTEER ADVOCATES. | $5,000 |
CASA MONROE INC PURPOSE: RECRUITMENT AND TRAINING OF VOLUNTEER ADVOCATES AND FOSTERING FUTURES PROGRAM FOR YOUTH AT RISK OF MORE SERIOUS PROBLEMS IN THE JUVENILE COURT SYSTEM. | $5,000 |
CASA OF BRADLEY COUNTY TN PURPOSE: TRAINING FOR TWO STAFF MEMBER FOR TRUST BASED RELATIONAL TRAINING PROGRAM AND GENERAL PROGRAM OPERATING COSTS. | $5,000 |
BOYS AND GIRLS CLUBS OF THE OCOEE REGIONANDOR DIVISION PURPOSE: FUNDS FOR USE IN OPERATION OF BOYS AND GIRLS CLUB IN ETOWAH, TN. | $5,000 |
ETOWAH COMMUNITY FOOD PANTRY - WESLEY MEMORIAL UNITED METHODIST CHURCH PURPOSE: FUNDS TO SUPPORT THE FOOD PANTRY IN ETOWAH. | $7,500 |