Daniel Foundation Of Alabama
- Assets
- $119.1m
- Revenue
- $3.4m
- Investments
- $110.3m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/1978
- Data as of
- 12/2022
- EIN
- 63-0736444
Organization Overview
Daniel Foundation Of Alabama is located in Birmingham, AL. The organization was established in 1978. 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. Daniel Foundation Of 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 12/2022, Daniel Foundation Of Alabama generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $8.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Daniel Foundation Of Alabama has awarded 1,535 individual grants totaling $21,813,427. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Daniel Chairman | 32 | $36,000 | |
Marion Daniel Head Vice President | 1 | $4,500 | |
James F Hughey Jr Director | 1 | $6,000 | |
Lyndra P Daniel President | 1 | $6,000 | |
Maria S Kennedy Exec. Director | 32 | $133,400 | |
Lucy Mcvay Director | 1 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,897,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $232,574 |
| Capital Gain Net Income | $232,574 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $273,096 |
| Total Revenue | $3,403,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $206,900 |
| Other employee salaries and wages | $268,853 |
| Pension plans, employee benefits | $7,939 |
| Interest | $0 |
| Taxes | $34,304 |
| Depreciation | $5,181 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $439,021 |
| Total operating and administrative expenses | $1,418,774 |
| Contributions, gifts, grants paid | $7,497,200 |
| Total expenses and disbursements | $8,915,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,801,623 |
| 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 | $78,594,714 |
| Net Land, buildings, and equipment | $15,605 |
| Other assets | $0 |
| Total assets | $119,124,094 |
| 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, Daniel Foundation Of Alabama has awarded $7,497,200 in support to 507 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW BEGINNING PURPOSE: CHARITABLE | $5,000 |
A EDUCATION PARTNERSHIP PURPOSE: CHARITABLE | $1,500 |
AFFORDABLE COUNSELING THERAPY PURPOSE: CHARITABLE | $10,000 |
AIDS ALABAMA PURPOSE: CHARITABLE | $20,000 |
AIR UNIVERSITY FOUNDATION PURPOSE: CHARITABLE | $1,000 |
ALABAMA APPLESEED CENTER FOR LAW & JUSTICE INC PURPOSE: CHARITABLE | $20,000 |