Southern Foundation Inc
- Assets
- $1.1m
- Revenue
- $27.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Carbondale, IL
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 37-1101365
Organization Overview
Southern Foundation Inc is located in Carbondale, IL. The organization was established in 1981. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Foundation Inc 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, Southern Foundation Inc generated $27.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $69.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Southern Foundation Inc has awarded 27 individual grants totaling $119,542. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Clark Secretary | 2 | $6,800 | |
Jerry Smith Director | 0.1 | $0 | |
Claudia Arington Director | 0.1 | $0 | |
Mark Clarke President | 0.1 | $0 | |
Rodney Jones Director | 0.1 | $0 | |
Lynn Lane Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $775 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,531 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,531 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,775 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,005 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,409 |
| Total operating and administrative expenses | $21,332 |
| Contributions, gifts, grants paid | $47,649 |
| Total expenses and disbursements | $68,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,917 |
| Savings and temporary cash investments | $0 |
| 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 | $1,050,856 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,057,773 |
| 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, Southern Foundation Inc has awarded $47,649 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BALLARD CARLISLE HISTORICAL AND GEN PURPOSE: FOR THEIR EXEMPT PURPOSE | $5,325 |
BLUE JAY PANTRY PURPOSE: FOR THEIR EXEMPT PURPOSE | $1,440 |
CAIRO AUXILIARY FIRE DEPT PURPOSE: FOR THEIR EXEMPT PURPOSE | $4,417 |
CHARLESTON NUTRITION CENTER PURPOSE: FOR THEIR EXEMPT PURPOSE | $6,000 |
CHRISTIAN UNITED BROTHERHOOD PURPOSE: FOR THEIR EXEMPT PURPOSE | $5,000 |
DODGE MEMORIAL PUBLIC LIBRARY PURPOSE: FOR THEIR EXEMPT PURPOSE | $3,180 |