Athens Federal Foundation
- Assets
- $5.1m
- Revenue
- $104.8k
- Investments
- $4.4m
- Employees
- 0
- Location
- Athens, TN
- Founding
- 09/2011
- Data as of
- 12/2022
- 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 12/2022, Athens Federal Foundation generated $104.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $265.7k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 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 319 individual grants totaling $1,455,578. 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
2022
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 10 ORGANIZATIONS ASSISTED
PROVIDE EDUCATION TO AREA CHILDREN BY SUPPLYING MATERIALS, TRAINING AND OPPORTUNITIES FOR GROWTH 11 ORGANIZATIONS ASSISTED
PROVIDE TEMPORARY AND PERMANENT HOUSING FOR THOSE IN AREA WHO HAVE NEEDS 3 ORGANIZATIONS ASSISTED
PROVIDE EDUCATION AND HELP FOR ABUSED AND NEGLECTED CHILDREN AND DISADVANTAGED ADULTS AND TO MAKE THOSE IN THE AREA MORE AWARE OF THE NEEDS 10 ORGANIZATIONS ASSISTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Cunningham President | 0.25 | $0 | |
Amy Yarber Secretary | 0.25 | $0 | |
Elaine M Cathcart Director | 0.25 | $0 | |
Michael R Hutsell Treasurer/director | 0.25 | $0 | |
Linda D Caldwell Director | 0.25 | $0 | |
Allen Carter Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $7,671 |
| Dividends & Interest | $87,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $924 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,580 |
| Printing and publications | $0 |
| Other expenses | $2,662 |
| Total operating and administrative expenses | $8,866 |
| Contributions, gifts, grants paid | $256,800 |
| Total expenses and disbursements | $265,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $692,301 |
| 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 | $5,140,172 |
| 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, Athens Federal Foundation has awarded $256,800 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ATHENS-MCMINN FAMILY YMCA PURPOSE: PARTIAL FUNDING FOR Y-CAP PROGRAM (PROGRAM FOR KIDS AGE 10-15 REFERRED THROUGH THE JUVENILE COURT SYSTEM OR SCHOOL SYSTEM. PARTIAL FUNDING FOR LOCKER ROOM RENOVATION PROJECT. | $50,000 |
Etowah, TN PURPOSE: PROPERTY ACQUISITION TO EXPAND FACILITIES. | $25,000 |
Athens, TN PURPOSE: SPECIAL PROJECTS | $25,000 |
MCMINN COUNTY EDUCATION & COMMUNITY FOUNDATION - MCMINN COUNTY PUBLIC SCHOO PURPOSE: SUPPORT STUDENT NEEDS IN MCMINN COUNTY PUBLIC SCHOOLS | $17,000 |
LOVE THY NEIGHBOR PROJECT - TENNESSEE WESLEYAN UNIVERSITY PURPOSE: SUPPORT FOR BACK SACKS PROGRAM, COMMUNITY FOOD PANTRY, AND STUDENT FOOD PANTRY. | $15,000 |
ST PAUL'S - TABLE GRACES PURPOSE: ASSISTANCE WITH COMMUNITY FOOD PANTRY SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |