Battle Family Foundation 05271997
- Assets
- $5.9m
- Revenue
- $676.9k
- Investments
- $4.9m
- Employees
- 0
- Location
- Mountain Brook, AL
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 58-6343708
Organization Overview
Battle Family Foundation 05271997 is located in Mountain Brook, AL. The organization was established in 1997. 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. Battle Family Foundation 05271997 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 12/2023, Battle Family Foundation 05271997 generated $676.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $73.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Battle Family Foundation 05271997 has awarded 79 individual grants totaling $3,912,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PAY OUT OR USE INCOME OR PRINCIPAL EXCLUSIVELY TOOR FOR CHARITABLE ORGANIZATIONS DESCRIBED IN AND EXEMPTFROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUECODE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $86,986 |
| Dividends & Interest | $71,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,870 |
| Capital Gain Net Income | $67,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $450,015 |
| Total Revenue | $676,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,349 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,750 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $73,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,076,909 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $5,928,248 |
| 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, Battle Family Foundation 05271997 has awarded $50,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BIG OAK RANCH PURPOSE: EDUCATIONAL PURPOSES | $2,500 |
BRYANT JORDAN STUDENT ATHLETE FUND PURPOSE: EDUCATIONAL PURPOSE | $2,500 |
ALABAMA SPORTS HALL OF FAME PURPOSE: EDUCATIONAL PURPOSE | $2,500 |
SHEPHERD CENTER PURPOSE: MEDICAL RESEARCH | $2,500 |
BIRMINGHAM-SOUTHERN COLLEGE PURPOSE: CHARITY | $2,500 |
HOOVER INSTITUTION PURPOSE: EDUCATIONAL PURPOSES | $10,000 |