Alabama Law Foundation Inc
- Assets
- $12.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Montgomery, AL
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 63-0951482
Organization Overview
Alabama Law Foundation Inc is located in Montgomery, AL. The organization was established in 1987. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Alabama Law Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Law Foundation Inc 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 12/2023, Alabama Law Foundation Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $559.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alabama Law Foundation Inc has awarded 112 individual grants totaling $9,323,493. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ACCESS TO JUSTICE AND RESPECT FOR AND UNDERSTANDING OF THE LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO APPROXIMATELY 2 ORGANIZATIONS THAT PROVIDE LEGAL AID TO THE POOR AND INCREASE ACCESS TO JUSTICE.
SCHOLARSHIPS TO APPROXIMATELY 10 ALABAMA RESIDENTS WHO ARE PURSUING A LEGAL EDUCATION IN ACCREDITED LAW SCHOOLS AND SCHOLARSHIPS UNDER THE KID'S CHANCE PROGRAM.
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 |
|---|---|---|---|
Laura L Crum Trustee | Trustee | 1 | $0 |
Scott Donaldson Vice President | OfficerTrustee | 1 | $0 |
H Thomas Heflin Jr Trustee | Trustee | 1 | $0 |
Chris Carver Treasurer | OfficerTrustee | 2 | $0 |
Karen Laneaux Trustee | Trustee | 1 | $0 |
Matthew C Mcdonald Past President | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,429,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,429,976 |
| Total Program Service Revenue | $0 |
| Investment income | $336,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$790,786 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,995,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,500 |
| Grants and other assistance to domestic individuals. | $31,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,000 |
| Compensation of current officers, directors, key employees. | $21,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,223 |
| Pension plan accruals and contributions | $1,951 |
| Other employee benefits | $13,100 |
| Payroll taxes | $14,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,990 |
| Fees for services: Other | $43,185 |
| Advertising and promotion | $855 |
| Office expenses | $16,626 |
| Information technology | $45,580 |
| Royalties | $0 |
| Occupancy | $20,757 |
| Travel | $5,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,310 |
| Insurance | $3,674 |
| All other expenses | $273 |
| Total functional expenses | $559,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,168,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $210,592 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,203 |
| Net Land, buildings, and equipment | $9,171 |
| Investments—publicly traded securities | $10,366,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $558,769 |
| Total assets | $12,315,069 |
| Accounts payable and accrued expenses | $3,082 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $139,581 |
| Total liabilities | $142,663 |
| Net assets without donor restrictions | $7,836,535 |
| Net assets with donor restrictions | $4,335,871 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,315,069 |
Grants Awarded
Over the last fiscal year, Alabama Law Foundation Inc has awarded $37,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA STATE BAR VOLUNTEER LAWYERS PROGRAM PURPOSE: LEGAL AID TO THE POOR/ACCESS TO JUSTICE | $12,500 |
SOUTH ALABAMA VOLUNTEER LAWYERS PROGRAM PURPOSE: LEGAL AID TO THE POOR/ACCESS TO JUSTICE | $25,000 |