Regions Tradition Foundation Inc
- Assets
- $233.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 04/1993
- Data as of
- 09/2023
- EIN
- 63-1064191
Organization Overview
Regions Tradition Foundation Inc is located in Birmingham, AL. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regions Tradition 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, Regions Tradition Foundation Inc generated $8.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $8.8k during the year ending 09/2023. While expenses have increased by 28.5% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE REGIONS TRADITION FOUNDATION ("THE FOUNDATION") WAS ESTABLISHED TO HOST AND MANAGE THE ANNUAL REGIONS TRADITION GOLF TOURNAMENT. THE FOUNDATION THEN DISTRIBUTES ALL NET REVENUES TO LOCAL CHARITIES FOR UNDESIGNATED PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Askew Chairman | 1 | $0 | |
Ronnie Bruno Secretary | 1 | $0 | |
Scott Peters Vice President | 1 | $0 | |
Bill Ritter Member | 1 | $0 | |
Frank D'amico Member | 1 | $0 | |
Kate Nieslen Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $24 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,875 |
| Total Revenue | $8,399 |
| 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 | $6,481 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,325 |
| Total expenses | $8,806 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,953 |
| Other assets | $0 |
| Total assets | $232,953 |
| Total liabilities | $0 |
| Net assets or fund balances | $232,953 |