Strain Foundation
- Assets
- $5.6m
- Revenue
- -$45.1k
- Investments
- $5.3m
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 04/1994
- Data as of
- 10/2023
- EIN
- 63-1108283
Organization Overview
Strain Foundation is located in Huntsville, AL. The organization was established in 1994. 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. Strain 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 10/2023, Strain Foundation generated -$45.1k 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 (23.0%) each year. All expenses for the organization totaled $355.7k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Strain Foundation has awarded 188 individual grants totaling $2,912,690. 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 |
|---|---|---|---|
Julia Strain Maloy Director | 1 | $0 | |
Janet Strain Mcdonald Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $275,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$320,751 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$45,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,654 |
| Total operating and administrative expenses | $47,654 |
| Contributions, gifts, grants paid | $308,000 |
| Total expenses and disbursements | $355,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $291,532 |
| 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 | $5,613,279 |
| 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, Strain Foundation has awarded $308,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA COALITION FOR IMMIGRANT JUS PURPOSE: COMMUNITY SERVICE | $5,000 |
ALABAMA APPLESEED CENTER FOR LAW AN PURPOSE: RACIAL JUSTICE | $10,000 |
ALABAMA PUBLIC RADIO PURPOSE: UNBIASED NEWS | $5,000 |
ALABAMA SUSTAINABLE AGRICULTURE NET PURPOSE: PROMOTING AGRICULTURE | $100,000 |
CRISIS CENTER OF BIRMINGHAM PURPOSE: COMMUNITY SERVICE | $20,000 |
FIREHOUSE MINISTRIES PURPOSE: HOMELESS SHELTER | $7,000 |