Echo Foundation
- Assets
- $1.4m
- Revenue
- $171.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1980
- Data as of
- 03/2022
- EIN
- 63-0748959
Organization Overview
Echo Foundation is located in Birmingham, AL. The organization was established in 1980. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echo Foundation 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 03/2022, Echo Foundation generated $171.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $95.0k during the year ending 03/2022. While expenses have increased by 17.7% per year over the past 7 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 2021, Echo Foundation has awarded 28 individual grants totaling $227,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO ENGAGE IN THE RESEARCH AND TREATMENT OF DISORDERS INVOLVING HEARING, SPEECH, AND LANGUAGE FOR THE HEARING IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECHO FOUNDATION PAYS FOR MEDICAL DEVICES TO ASSIST WITH THE HEARING IMPAIRED. FOR THE TAX YEAR ENDED MARCH 31, 2018, A LOSS CLAIM WAS PAID FOR ONE CANDIDATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis G Pappas Jr Director | 2 | $0 | |
Lloyd Rotton Director | 1 | $0 | |
Bryant Rotton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $47,599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $123,979 |
| Capital Gain Net Income | $123,979 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,125 |
| Total operating and administrative expenses | $20,042 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $95,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,044 |
| Savings and temporary cash investments | $56,176 |
| 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 | $1,317,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,391,377 |
| 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, Echo Foundation has awarded $75,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $30,000 |
ST ROSE ACADEMY PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $10,000 |
Eastaboga, AL PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $10,000 |
HER CHOICE PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $10,000 |
ST ROSE ACADEMY PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $8,000 |
JOHN CARROLL HIGH SCHOOL PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roskamp Institute Inc Sarasota, FL | $9,416,640 | $7,403,056 |
American Peanut Shellers Assoc Inc Albany, GA | $1,751,167 | $3,704,531 |
Associated General Contractors Of Georgia Inc Atlanta, GA | $12,373,819 | $3,538,884 |
Sunrise Community Of Northeast Florida Inc Miami, FL | $4,026,506 | $2,436,293 |
Resilient Floor Covering Institute Lagrange, GA | $1,159,930 | $2,761,995 |
American Cotton Shippers Association Memphis, TN | $7,968,384 | $2,541,367 |
Applied Medical Research Inc Nashville, TN | $2,306,745 | $2,347,969 |
North Florida Foundation For Research And Education Inc Gainesville, FL | $3,171,060 | $2,070,033 |
Tuscaloosa Research And Education Advancement Corporation Tuscaloosa, AL | $1,040,495 | $1,160,258 |
Foundation For Public Relations Research And Education Inc Gainesville, FL | $932,727 | $1,013,833 |
Mountain Home Research & Education Corporation Mountain Home, TN | $885,418 | $1,209,632 |
Tampa Bay Research Institute Inc St Petersburg, FL | $1,539,645 | $563,178 |