Community Foundation Of South Alabama
- Assets
- $98.0m
- Revenue
- $13.6m
- Investments
- $417.9k
- Employees
- 5
- Location
- Mobile, AL
- Founding
- 06/1976
- Data as of
- 09/2021
- EIN
- 63-0695166
Organization Overview
Community Foundation Of South Alabama is located in Mobile, AL. The organization was established in 1976. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Community Foundation Of South Alabama employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of South Alabama 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 09/2021, Community Foundation Of South Alabama generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $8.9m during the year ending 09/2021. While expenses have increased by 8.0% per year over the past 6 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, Community Foundation Of South Alabama has awarded 386 individual grants totaling $30,045,303. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION OF SOUTH ALABAMA SEEKS TO BUILD PERMANENT ENDOWMENTS FOR THE LONG RANGE FUTURE OF THE REGION IT SERVES AND TO DRAW FROM THE STRENGTHS OF THE REGION'S DIVERSE POPULATION IN DESIGNING AND FUNDING INNOVATIVE PROGRAMS WHICH MEET COMMUNITY NEEDS. SERVING AS RESPONSIBLE STEWARDS OF THESE FUNDS, THE FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS IN THE FIELDS OF ARTS AND CULTURE, CIVIC AND COMMUNITY, ANTI-CRIME AND ABUSE, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RECREATION. THE FOUNDATION'S MISSION STATEMENT IS AS FOLLOWS: "THE COMMUNITY FOUNDATION OF SOUTH ALABAMA ASSEMBLES AND DIRECTS PHILANTHROPIC ASSETS TO MAKE SOUTHWEST ALABAMA A BETTER PLACE."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PROGRAM SERVICE ACTIVITY CONSISTS OF AWARDING GRANTS TO VARIOUS NON-PROFIT CHARITABLE ORGANIZATIONS, BASED ON BOARD OF DIRECTORS' APPROVAL AND CATEGORIES AS REQUESTED BY DONORS. CATEGORIES INCLUDE ANTI-CRIME AND ABUSE, ARTS AND CULTURE, CIVIC AND COMMUNITY, EDUCATION, ENVIRONMENTAL,HEALTH, HUMAN SERVICES, AND RECREATION. A DETAILED SCHEDULE OF GRANTS PAID CAN BE FOUND IN SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca D Byrne President | Officer | 40 | $138,183 |
Mary Kathleen Miller Chairman | OfficerTrustee | 0.3 | $0 |
Anna Goldman Secretary | OfficerTrustee | 0.2 | $0 |
John Bedsole Treasurer | OfficerTrustee | 0.2 | $0 |
Sam Covert Immediate Past Chair | Trustee | 0.3 | $0 |
Mark Hieronymus Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,184,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,256,871 |
| Total Program Service Revenue | $0 |
| Investment income | $1,506,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,693,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,565,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,836,608 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $483,640 |
| Pension plan accruals and contributions | $17,058 |
| Other employee benefits | $31,748 |
| Payroll taxes | $0 |
| Fees for services: Management | $79,616 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $131,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,197 |
| Office expenses | $8,109 |
| Information technology | $50,598 |
| Royalties | $0 |
| Occupancy | $83,333 |
| Travel | $640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,019 |
| Interest | $103,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,263 |
| Insurance | $18,527 |
| All other expenses | $1,011,479 |
| Total functional expenses | $8,878,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,939,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,564,450 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,975 |
| Net Land, buildings, and equipment | $299,783 |
| Investments—publicly traded securities | $92,761,125 |
| Investments—other securities | $417,888 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,008,361 |
| Accounts payable and accrued expenses | $46,274 |
| Grants payable | $270,070 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,065 |
| Total liabilities | $2,475,409 |
| Net assets without donor restrictions | $93,592,400 |
| Net assets with donor restrictions | $1,940,552 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $98,008,361 |
Grants Awarded
Over the last fiscal year, Community Foundation Of South Alabama has awarded $2,862,460 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HUMAN SERVICES FOCUS GROUP PURPOSE: HUMAN SERVICES | $1,458,195 |
EDUCATION FOCUS GROUPS PURPOSE: EDUCATION | $656,404 |
HEALTH FOCUS GROUP PURPOSE: HEALTH | $191,068 |
CIVIC AND COMMUNITY PURPOSE: CIVIC AND COMMUNITY | $129,693 |
ENVIRONMENT FOCUS GROUP PURPOSE: ENVIROMENTAL & ANIMALS | $128,390 |
RECREATION FOCUS GROUP PURPOSE: RECREATION | $122,826 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Foundation Of South Alabama has recieved totaling $69,509.
| Awarding Organization | Amount |
|---|---|
Harrigan Family Foundation Fulton, AL PURPOSE: TO SATISFY CHARITABLE NEEDS | $68,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Endowment Analysis
| Beg. Balance | $794,944 |
| Ending Balance | $794,944 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |