Adelia Russell Charitable Foundation
- Assets
- $6.5m
- Revenue
- $458.4k
- Investments
- $5.9m
- Employees
- 0
- Location
- Alexander City, AL
- Founding
- 10/1986
- Data as of
- 12/2022
- EIN
- 63-0930330
Organization Overview
Adelia Russell Charitable Foundation is located in Alexander City, AL. The organization was established in 1986. 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. Adelia Russell Charitable 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 12/2022, Adelia Russell Charitable Foundation generated $458.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $223.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adelia Russell Charitable Foundation has awarded 133 individual grants totaling $3,269,132. 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 Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS AND DIRECT AND INDIRECT EXPENSES RELATED THERETO. SEE PART XIV FOR DETAIL OF ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Russell Director & President | 1 | $0 | |
Luanne Russell Director & Vice President | 1 | $0 | |
Thomas Lamberth Director & Secretary | 4 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,908 |
| Dividends & Interest | $290,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,510 |
| Capital Gain Net Income | $164,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $904 |
| Total Revenue | $458,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $128,489 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $223,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $569,176 |
| 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 | $2,318,270 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,509,259 |
| 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, Adelia Russell Charitable Foundation has awarded $95,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BENJAMIN RUSSELL HIGH SCHOOL 12TH MAN PURPOSE: UNRESTRICTED | $10,000 |
UNIVERSITY OF ALABAMA ALUMNI ASSOCIATION PURPOSE: DEDIE AND BILL HENDRIX ENDOWED SCHOLARSHIP | $5,000 |
UNIVERSITY OF ALABAMA LIBRARIES PURPOSE: UNRESTRICTED | $80,000 |