Alonzo F And Norris B Herndon Foundation Inc
- Assets
- $5.5m
- Revenue
- $224.9k
- Investments
- $5.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1952
- Data as of
- 12/2021
- EIN
- 58-6036028
Organization Overview
Alonzo F And Norris B Herndon Foundation Inc is located in Atlanta, GA. The organization was established in 1952. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Alonzo F And Norris B Herndon 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, Alonzo F And Norris B Herndon Foundation Inc generated $224.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $195.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC MUSEUM AND HISTORICAL SITE - ALONZO F. HERNDON HOME.DAILY ATTENDANCE INFORMATION IS AVAILABLE UPON REQUEST.
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roosevelt Giles Chairman & T | 12 | $64,625 | |
Clayton Bell Trustee | 2 | $0 | |
Reginald Williams Trustee | 4 | $0 | |
Ayo Alaran Trustee | 4 | $0 | |
Elsie Mccabe-Thompson Trustee | 4 | $0 | |
Antwan Banks Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $201,142 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,016 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,893 |
| Capital Gain Net Income | $6,893 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,847 |
| Total Revenue | $224,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,625 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $22 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99,735 |
| Total operating and administrative expenses | $194,989 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $194,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,508 |
| 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 | $0 |
| Net Land, buildings, and equipment | $204,828 |
| Other assets | $13,093 |
| Total assets | $5,500,721 |
| 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, Alonzo F And Norris B Herndon Foundation Inc has awarded $21,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY STATE UNIVERSITY PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $3,500 |
Tallahassee, FL PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
Macon, GA PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
GEORGIA STATE UNIVERSITY PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
Valparaiso, IN PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
Madison, WI PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alonzo F And Norris B Herndon Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: TO ASSIST LOCAL CHARITIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |