Alonzo F And Norris B Herndon Foundation Inc
- Assets
- $5.3m
- Revenue
- $109.2k
- Investments
- $5.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1952
- Data as of
- 12/2022
- 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 12/2022, Alonzo F And Norris B Herndon Foundation Inc generated $109.2k 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 (20.9%) each year. All expenses for the organization totaled $294.9k during the year ending 12/2022. 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
2022
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 | 2 | $40,000 | |
Clayton Bell Trustee | 10 | $0 | |
Ernest Tate Trustee | 1 | $0 | |
Ayodele Alaran Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,951 |
| Interest on Savings | $0 |
| Dividends & Interest | $938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,314 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $76,580 |
| Printing and publications | $0 |
| Other expenses | $117,236 |
| Total operating and administrative expenses | $294,856 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $294,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,444 |
| 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 | $6,135 |
| Total assets | $5,315,068 |
| 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 |
|---|---|
GEORGIA STATE UNIVERSITY PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
GEORGIA SOUTHERN PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
TALLAHASSEE COMMUNITY COLLEGE PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
ALBANY STATE UNIVERSITY PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $3,500 |
UNIVERSITY OF WISCONSIN PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |
MIDDLE GEORGIA STATE UNIVERSITY PURPOSE: TO PROVIDE EDUCATION OPPORTUNITIES TO STUDENTS | $2,500 |