The Homer Vinson Foundation
- Assets
- $1.3m
- Revenue
- $117.4k
- Investments
- $81.0k
- Employees
- 0
- Location
- Red Bay, AL
- Founding
- 08/1987
- Data as of
- 12/2021
- EIN
- 63-0942828
Organization Overview
The Homer Vinson Foundation is located in Red Bay, AL. The organization was established in 1987. 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. Homer Vinson 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 12/2021, Homer Vinson Foundation generated $117.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 53.9% each year . All expenses for the organization totaled $69.3k during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 5 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 2018, Homer Vinson Foundation has awarded 113 individual grants totaling $138,570. 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 |
|---|---|---|---|
Deborah Pharr Director | 0 | $0 | |
Glen Vinson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,694 |
| Net Rental Income | $6,000 |
| Net Gain on Sale of Assets | $81,715 |
| Capital Gain Net Income | $24,869 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,740 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,106 |
| Total operating and administrative expenses | $17,762 |
| Contributions, gifts, grants paid | $51,500 |
| Total expenses and disbursements | $69,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,996 |
| Savings and temporary cash investments | $0 |
| 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 | $81,000 |
| Net Land, buildings, and equipment | $264,900 |
| Other assets | $925,294 |
| Total assets | $1,307,190 |
| 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, The Homer Vinson Foundation has awarded $51,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGES OF FAITH PURPOSE: PROMOTE FAITH BASED PROGRAMS IN UKRA | $3,500 |
MONTANA MISSION PURPOSE: PROVIDE FOR PHYSICAL & SPIRITUAL NEE | $3,200 |
Orlando, FL PURPOSE: COLLEGE AND UNIVERSITY MINISTRIES | $3,000 |
Boone, NC PURPOSE: MINISTRY | $3,000 |
BIBLES FOR THE WORLD PURPOSE: PROVIDE BIBLES, CHURCH PLANTING | $2,500 |
JESUS FILM PURPOSE: TO SHARE THE STORY OF JESUS CHRIST | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |