Regions Foundation
- Assets
- $125.4m
- Revenue
- $4.4m
- Investments
- $115.2m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 63-1144265
Organization Overview
Regions Foundation is located in Birmingham, AL. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community 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. Regions 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 12/2023, Regions Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Regions Foundation has awarded 376 individual grants totaling $21,968,067. 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 |
|---|---|---|---|
Sharon Kachelhofer Assistant Secretary | 1 | $0 | |
Chelsea Stovall Assistant Treasurer | 1 | $0 | |
Marta Self Executive Director; VP | 1 | $0 | |
Dwight Julbert Member | 1 | $0 | |
Tabitha Leech Member | 1 | $0 | |
Andrew Nix Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,843,680 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,530,084 |
| Capital Gain Net Income | $1,530,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,766 |
| Total Revenue | $4,386,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,780 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,859 |
| Total operating and administrative expenses | $182,641 |
| Contributions, gifts, grants paid | $3,025,000 |
| Total expenses and disbursements | $3,207,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,454,390 |
| Savings and temporary cash investments | $0 |
| 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 | $115,183,613 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,785,564 |
| Total assets | $125,423,567 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $700,000 |
| 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 | $700,000 |
Grants Awarded
Over the last fiscal year, Regions Foundation has awarded $3,025,000 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
A PLUS EDUCATION PARTNERSHIP PURPOSE: GENERAL SUPPORT | $50,000 |
ALABAMA ASSOCIATION OF NONPROFITS PURPOSE: GENERAL SUPPORT | $10,000 |
AL COUNCIL ON ECONOMIC EDUCATION PURPOSE: GENERAL SUPPORT | $25,000 |
ALABAMA POSSIBLE PURPOSE: GENERAL SUPPORT | $75,000 |
ALABAMA JAG PURPOSE: GENERAL SUPPORT | $15,000 |
AMERICAN RED CROSS PURPOSE: DISASTER ASSISTANCE | $80,000 |