The James I Harrison Family Foundation Inc
- Assets
- $5.9m
- Revenue
- $293.6k
- Investments
- $5.7m
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 58-2327810
Organization Overview
The James I Harrison Family Foundation Inc is located in Tuscaloosa, AL. The organization was established in 1997. 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. James I Harrison Family 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, James I Harrison Family Foundation Inc generated $293.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $479.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, James I Harrison Family Foundation Inc has awarded 270 individual grants totaling $7,659,165. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE PROGRAM (PROVIDING SUPPORT TO 34 CHARITABLE ORGANIZATIONS IN THE TOTAL AMOUNT OF $434,333)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lazard Freres Co Llc Trustee | 15 | $29,346 | |
Peggy T Harrison Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,737 |
| Dividends & Interest | $108,854 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,999 |
| Capital Gain Net Income | $180,999 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8 |
| Total Revenue | $293,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,346 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $350 |
| Total operating and administrative expenses | $45,103 |
| Contributions, gifts, grants paid | $434,333 |
| Total expenses and disbursements | $479,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,222 |
| Savings and temporary cash investments | $106,128 |
| 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 | $122,476 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,939,178 |
| Accounts payable and accrued expenses | $812 |
| 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 | $812 |
Grants Awarded
Over the last fiscal year, The James I Harrison Family Foundation Inc has awarded $721,333 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Tuscaloosa, AL PURPOSE: CHARITABLE | $60,000 |
Tuscaloosa, AL PURPOSE: CHARITABLE | $60,000 |
HARRISON FAMILY OUTREACH ENDOWMENT PURPOSE: CHARITABLE | $50,000 |
HARRISON FAMILY OUTREACH ENDOWMENT PURPOSE: CHARITABLE | $50,000 |
Tuscaloosa, AL PURPOSE: CHARITABLE | $25,000 |
THEATER TUSCALOOSA PURPOSE: CHARITABLE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |