Southern Company Charitable Foundation Inc
- Assets
- $120.6m
- Revenue
- $31.7m
- Investments
- $91.8m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 58-2514027
Organization Overview
Southern Company Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 Company Charitable 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 Company Charitable Foundation Inc generated $31.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $38.2m during the year ending 12/2022. While expenses have increased by 22.8% 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, Southern Company Charitable Foundation Inc has awarded 600 individual grants totaling $167,349,555. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ofi Dev | 12/30/22 | $123,854 |
Earnest Partners | 12/30/22 | $95,080 |
Truist | 12/30/22 | $83,464 |
Deprince | 12/30/22 | $54,543 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,000,000 |
| Interest on Savings | $8,678 |
| Dividends & Interest | $1,752,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,859,146 |
| Capital Gain Net Income | $2,859,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,862 |
| Total Revenue | $31,681,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,290 |
| Taxes | $124,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174,287 |
| Total operating and administrative expenses | $758,698 |
| Contributions, gifts, grants paid | $37,441,123 |
| Total expenses and disbursements | $38,199,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,653,288 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $27,000,000 |
| 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 | $71,899 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,560,060 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $88,477 |
| Total assets | $120,598,537 |
| Accounts payable and accrued expenses | $126,996 |
| Grants payable | $61,509,439 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $39,607 |
| Total liabilities | $61,676,042 |
Grants Awarded
Over the last fiscal year, Southern Company Charitable Foundation Inc has awarded $24,772,740 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS - GREATER ATLANTA CHAPTER PURPOSE: TO MATCH EMPLOYEE DONATIONS UP TO $100K TO SUPPORT UKRAINE HUMANITARIAN CRISIS AND RELIEF EFFORTS | $74,345 |
AMERICAN RED CROSS - GREATER ATLANTA CHAPTER PURPOSE: TO SUPPORT UKRAINE HUMANITARIAN CRISIS AND RELIEF EFFORTS | $250,000 |
ATLANTA VOLUNTEER LAWYERS FOUNDATION INC PURPOSE: ATLANTA VOLUNTEER LAWYERS FOUNDATION - A COMMUNITY-FOCUSED RESPONSE FOR ATLANTAN'S FACING HOUSING ISSUES AND INTIMATE PARTNER ABUSE | $100,000 |
CARE INC PURPOSE: CARE - THE 2022 IMPACT AWARDS | $10,000 |
CARE INC PURPOSE: TO SUPPORT UKRAINE HUMANITARIAN CRISIS FUND | $250,000 |
CENTER FOR STRATEGIC & INTERNATIONAL STUDIES PURPOSE: CIVICS AT WORK | $50,000 |