Southern Foundation Inc
- Assets
- $1.1m
- Revenue
- $114.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Carbondale, IL
- Founding
- 10/1981
- Data as of
- 12/2021
- 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 12/2021, Southern Foundation Inc generated $114.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $51.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Southern Foundation Inc has awarded 26 individual grants totaling $109,466. 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 | $6,000 | |
Mark Clarke President | 0.1 | $0 | |
Claudia Arington Director | 0.1 | $0 | |
Rodney Jones Director | 0.1 | $0 | |
Jerry Smith Director | 0.1 | $0 | |
Lynn Lane Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,325 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,308 |
| Capital Gain Net Income | $77,308 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $473 |
| Total operating and administrative expenses | $17,267 |
| Contributions, gifts, grants paid | $34,320 |
| Total expenses and disbursements | $51,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,459 |
| 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 | $1,080,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,098,979 |
| 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 $34,320 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CENTURY UNIT SCHOOL DISTRICT PURPOSE: FOR THEIR EXEMPT PURPOSE | $6,000 |
CAIRO DRAINAGE AND LEVEE DISTRICT PURPOSE: FOR THEIR EXEMPT PURPOSE | $6,000 |
BALLARD COUNTY EMERGENCY MGMT PURPOSE: FOR THEIR EXEMPT PURPOSE | $6,000 |
OLMSTED VOLUNTEER FIRE DEPT PURPOSE: FOR THEIR EXEMPT PURPOSE | $4,685 |
MISSISSIPPI CO EXTENSION PROGRAM PURPOSE: FOR THEIR EXEMPT PURPOSE | $4,000 |
CAIRO PUBLIC LIBRARY PURPOSE: FOR THEIR EXEMPT PURPOSE | $3,035 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Alliance Inc Evansville, IN | $117,500,760 | $8,724,196 |
Hamilton County Community Foundation Inc Fishers, IN | $98,701,430 | $28,985,245 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |
Community Foundation Of Howard County Inc Kokomo, IN | $118,725,038 | $13,832,035 |