Alabama Kiwanis Foundation Inc
- Assets
- $455.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 03/1990
- Data as of
- 09/2023
- EIN
- 63-0997319
Organization Overview
Alabama Kiwanis Foundation Inc is located in Huntsville, AL. The organization was established in 1990. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Alabama Kiwanis 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 09/2023, Alabama Kiwanis Foundation Inc generated $35.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $32.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (23.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION ASSISTED LOCAL CLUBS WITH CHARITABLE GIVING OPPORTUNITIES AND PROVIDED YOUNG PEOPLE WITH SCHOLARSHIPS AND LEADERSHIP FUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Hoerlein Board Member | 1 | $0 | |
John Burroughs Board Member | 1 | $0 | |
Donnie Robinson Board Member | 1 | $0 | |
Critt Snellgrove Board Member | 1 | $0 | |
David Bradley Board Member | 1 | $0 | |
Roger C Williams Immed Past President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,744 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,964 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,708 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,656 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $426 |
| Other expenses | $23,232 |
| Total expenses | $32,314 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $455,766 |
| Other assets | $0 |
| Total assets | $455,766 |
| Total liabilities | $101,306 |
| Net assets or fund balances | $354,460 |
Grants Awarded
Over the last fiscal year, Alabama Kiwanis Foundation Inc has awarded $6,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS CLUB OF SPANISH FORT PURPOSE: Matching Funds | $2,000 |
KIWANIS CLUB OF METRO HUNTSVILLE PURPOSE: Matching Funds | $1,300 |
UNIVERSITY OF NORTH ALABAMA PURPOSE: Scholarship | $1,000 |
UNIVERSITY OF ALABAMA PURPOSE: Scholarship | $500 |
UNIVERSITY OF SOUTH ALABAMA PURPOSE: Scholarship | $500 |
KEY LEADER PURPOSE: Scholarship | $800 |