Florence Foundation
- Assets
- $0.0
- Revenue
- $60.4k
- Investments
- $2.6m
- Employees
- 0
- Location
- Moss Point, MS
- Founding
- 01/1985
- Data as of
- 12/2020
- EIN
- 63-0843906
Organization Overview
Florence Foundation is located in Moss Point, MS. The organization was established in 1985. 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. Florence 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 12/2020, Florence Foundation generated $60.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $273.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Florence Foundation has awarded 172 individual grants totaling $1,268,250. 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 |
|---|---|---|---|
Dwain G Luce Jr Trustee | 4 | $15,000 | |
Thomas F Garth Trustee | 1 | $15,000 | |
C William Bodie MD Trustee | 1 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $126,895 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,705 |
| Total Revenue | $60,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $64,596 |
| Contributions, gifts, grants paid | $208,500 |
| Total expenses and disbursements | $273,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $527,805 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Florence Foundation has awarded $190,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Mobile, AL PURPOSE: PULMONARY REHAB CENTER | $25,000 |
UNIVERSITY OF MOBILE PURPOSE: EDUCATION | $20,000 |
YOUNG LIFE PURPOSE: YOUTH GROUP | $15,000 |
CRITTENTON YOUTH SERVICES PURPOSE: EDUCATION | $10,000 |
Mobile, AL PURPOSE: COMMUNITY OUTREACH | $10,000 |
Mobile, AL PURPOSE: SERVICES FOR VISION REHABILITATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Zoma Foundation Bentonville, AR | $228,655,575 | $19,208,599 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
The William B Wiener Jr Foundation Shreveport, LA | $23,196,478 | $3,677,470 |
Bashinsky Foundation Inc Birmingham, AL | $2,626,965 | $3,568,518 |