John Stallworth Foundation
- Assets
- $913.7k
- Revenue
- $953.0
- Investments
- $647.1k
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 63-1038886
Organization Overview
John Stallworth Foundation is located in Huntsville, AL. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Stallworth 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, John Stallworth Foundation generated $953.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (53.1%) each year. All expenses for the organization totaled $75.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, John Stallworth Foundation has awarded 112 individual grants totaling $332,550. 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
FUNDRAISING GOLF TOURNAMENT AND SILENT AUCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John L Stallworth Chairman | 10 | $0 | |
Florastein Stallworth Secretary | 4 | $0 | |
Dr Julius Scruggs Director | 1 | $0 | |
Bob Ludwig Director | 1 | $0 | |
Rankin Sneed Director | 1 | $0 | |
Bobby Bradley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,625 |
| Interest on Savings | $2,119 |
| Dividends & Interest | $13,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,955 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $68 |
| Taxes | $320 |
| Depreciation | $0 |
| Occupancy | $5,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $81 |
| Other expenses | $27,199 |
| Total operating and administrative expenses | $32,708 |
| Contributions, gifts, grants paid | $42,500 |
| Total expenses and disbursements | $75,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,824 |
| Savings and temporary cash investments | $114,100 |
| 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 | $647,126 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $688 |
| Total assets | $913,738 |
| 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, John Stallworth Foundation has awarded $42,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA A&M UNIVERSITY (CO STUDENT AMBREAL WHITE) PURPOSE: ACADEMIC SCHOLARSHIP | $6,000 |
ALABAMA A&M UNIVERSITY (CO STUDENT BASHA MEEK RUSH) PURPOSE: ACADEMIC SCHOLARSHIP | $1,750 |
ALABAMA A&M UNIVERSITY (CO STUDENT JAVEEN THOMPSON) PURPOSE: ACADEMIC SCHOLARSHIP | $2,500 |
ALABAMA A&M UNIVERSITY (CO STUDENT AMANDA JACKSON) PURPOSE: ACADEMIC SCHOLARSHIP | $2,500 |
ALABAMA A&M UNIVERSITY (CO STUDENT CHYNA ROSS) PURPOSE: ACADEMIC SCHOLARSHIP | $4,250 |
ALABAMA A&M UNIVERSITY (CO STUDENT TIMOTHY JAMES) PURPOSE: ACADEMIC SCHOLARSHIP | $2,500 |