Whitten Foundation
- Assets
- $14.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 10/1997
- Data as of
- 12/2015
- EIN
- 31-1550508
Organization Overview
Whitten Foundation is located in Mobile, AL. The organization was established in 1997. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. Whitten Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATION OF AFFORDABLE HOUSING COMPLEXES FOR LOW / MODERATE INCOME FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lamond Whitten Board Member | Trustee | 10 | $0 |
Kimberly Farmer Secretary / Treasurer | OfficerTrustee | 10 | $0 |
Patrick Coffey Chairman | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,590,360 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,590,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,875 |
| Payroll taxes | $21,624 |
| Fees for services: Management | $85,725 |
| Fees for services: Legal | $58,451 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,463 |
| Advertising and promotion | $967 |
| Office expenses | $0 |
| Information technology | $41,942 |
| Royalties | $0 |
| Occupancy | $525,284 |
| Travel | $3,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $728,069 |
| Insurance | $179,676 |
| All other expenses | $4,664 |
| Total functional expenses | $2,042,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,302,475 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,112,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,465 |
| Total assets | $14,416,684 |
| Accounts payable and accrued expenses | $678,025 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,296,901 |
| Secured mortgages and notes payable | $12,298,136 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,666 |
| Total liabilities | $17,305,728 |
| Unrestricted restricted net Assets | -$2,889,044 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$2,889,044 |