Fund For Southern Communities Inc
- Assets
- $4.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Decatur, GA
- Founding
- 09/1981
- Data as of
- 06/2023
- EIN
- 58-1426028
Organization Overview
Fund For Southern Communities Inc is located in Decatur, GA. The organization was established in 1981. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Fund For Southern Communities Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Southern Communities 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 06/2023, Fund For Southern Communities Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 25.6% 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, Fund For Southern Communities Inc has awarded 156 individual grants totaling $4,211,622. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND FOR SOUTHERN COMMUNITIES IS A PUBLIC FOUNDATION THAT SUPPORTS AND UNITES ORGANIZATIONS AND DONORS WORKING TO CREATE JUST AND SUSTAINABLE COMMUNITIES THAT ARE FREE OF OPPRESSION AND THAT EMBRACE AND CELEBRATE ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND FOR SOUTHERN COMMUNITIES (FSC OR THE FUND) PROVIDES THE FINANCIAL RESOURCE TO HELP MOVE GROUPS FROM THOUGHT TO ACTION. FSC SUPPORTS SMALL COMMUNITY GROUPS WORKING FOR ENVIRONMENTAL JUSTICE, ANTI-RACISM, WOMEN'S RIGHTS, YOUTH DEVELOPMENT, LGBTQ RIGHTS, WORKER'S RIGHTS, CIVIL RIGHTS AND DISABILITY RIGHTS AND OTHER VARIED ISSUES THAT ADDRESS SOCIAL CHANGE THROUGH COMMUNITY ORGANIZING. GRANTEES NOT ONLY BENEFIT FROM FINANCIAL SUPPORT, BUT THEY ARE ALSO GIVEN TECHNICAL ASSISTANCE.FSC IS UNUSUAL IN THAT IT AWARDS GRANTS TO COMMUNITY ORGANIZATIONS THAT ARE WORKING TO ADDRESS THE SYSTEMS AND STRUCTURES THAT CAUSE COMMUNITY PROBLEMS. OFTEN TRADITIONAL CHARITIES AND PRIVATE FOUNDATIONS OVERLOOK THESE ORGANIZATIONS BECAUSE THEIR PROJECTS ARE CONSIDERED TOO NEW, THE ORGANIZATION TOO SMALL, OR THEIR OBJECTIVES ARE TOO CONTROVERSIAL. THE FUND IS WILLING TO MAKE GRANTS TO THESE GROUPS AND ORGANIZATIONS BECAUSE WE BELIEVE THAT COMMUNITIES WORKING ON THEIR OWN BEHALF ARE POWERFUL FORCES FOR CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Eason Jenkins Executive Dir. | Officer | 40 | $103,999 |
Darren Holmes Chairman | OfficerTrustee | 1 | $0 |
Demetria Ledbetter Treasurer | OfficerTrustee | 1 | $0 |
Imara Canady Secretary | OfficerTrustee | 1 | $0 |
Shelia Moore Director | Trustee | 0.5 | $0 |
Chrystal Morris Director | Trustee | 0.5 | $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 | $1,232,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,232,755 |
| Total Program Service Revenue | $0 |
| Investment income | $36,792 |
| 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 | $1,269,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,057,173 |
| 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. | $128,538 |
| Compensation of current officers, directors, key employees. | $20,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,967 |
| Pension plan accruals and contributions | $11,400 |
| Other employee benefits | $0 |
| Payroll taxes | $8,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,333 |
| Advertising and promotion | $0 |
| Office expenses | $4,053 |
| Information technology | $1,828 |
| Royalties | $0 |
| Occupancy | $26,401 |
| Travel | $1,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,652 |
| All other expenses | $0 |
| Total functional expenses | $1,260,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,326,621 |
| Savings and temporary cash investments | $74,746 |
| Pledges and grants receivable | $7,000 |
| 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 | $3,994 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,896,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $53,094 |
| Other assets | $2,100 |
| Total assets | $4,364,393 |
| Accounts payable and accrued expenses | $99,872 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,094 |
| Total liabilities | $152,966 |
| Net assets without donor restrictions | $2,217,528 |
| Net assets with donor restrictions | $1,993,899 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,364,393 |
Grants Awarded
Over the last fiscal year, Fund For Southern Communities Inc has awarded $1,022,625 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
3D GIRLS PURPOSE: VARIOUS | $38,000 |
A LADY NAMED PEARL PURPOSE: BLACK GIRL DREAM FUND | $14,250 |
ALTERNATE ROOTS PURPOSE: GENERAL GRANT | $10,200 |
ATL GROWING LEADERSHIP WOMEN PURPOSE: COVID 19 RAPID RESPONSE | $15,000 |
BLACK GIRLS SMILE INC PURPOSE: Black Girl Dream Fund | $37,500 |
EMANCIPATE NC PURPOSE: BLACK GIRL DREAM FUND | $18,750 |