Nelson And Charleen Kemp Foundation
- Assets
- $2.1m
- Revenue
- $134.8k
- Investments
- $2.0m
- Employees
- 0
- Location
- Winfield, AL
- Founding
- 07/1988
- Data as of
- 12/2022
- EIN
- 63-0981693
Organization Overview
Nelson And Charleen Kemp Foundation is located in Winfield, AL. The organization was established in 1988. 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. Nelson And Charleen Kemp 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, Nelson And Charleen Kemp Foundation generated $134.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $363.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nelson And Charleen Kemp Foundation has awarded 117 individual grants totaling $1,022,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Frank Hyche President/ceo | 40 | $100,650 | |
Kevin L Bradford Chairman & Secretary | 0.6 | $0 | |
Bart Hyche Trustee | 0.25 | $0 | |
Brian Henley Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $53,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $80,762 |
| Capital Gain Net Income | $80,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17 |
| Total Revenue | $134,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,650 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,200 |
| Depreciation | $0 |
| Occupancy | $6,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $94 |
| Other expenses | $3,921 |
| Total operating and administrative expenses | $153,169 |
| Contributions, gifts, grants paid | $210,000 |
| Total expenses and disbursements | $363,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,670 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,057,855 |
| 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, Nelson And Charleen Kemp Foundation has awarded $340,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL | $3,000 |
ALABAMA PUBLIC TELEVISION PURPOSE: GENERAL | $3,000 |
BACKPACKS AND BEYOND PURPOSE: GENERAL | $7,000 |
BIG OAK RANCH PURPOSE: GENERAL | $15,000 |
BRILLIANT COALFEST PURPOSE: GENERAL | $4,000 |
CAMP SMILE A MILE PURPOSE: GENERAL | $5,000 |