Walker Area Community Foundation
- Assets
- $114.6m
- Revenue
- $36.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Jasper, AL
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 63-1154984
Organization Overview
Walker Area Community Foundation is located in Jasper, AL. The organization was established in 1997. 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. As of 12/2022, Walker Area Community Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walker Area Community 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, Walker Area Community Foundation generated $36.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.0% each year . All expenses for the organization totaled $5.5m during the year ending 12/2022. While expenses have increased by 16.6% 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.
Since 2016, Walker Area Community Foundation has awarded 580 individual grants totaling $18,197,746. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A NONPROFIT DEDICATED TO THE NURTURE AND ADVANCEMENT OF THE COMMUNITY THROUGH FORMING AND PRESERVING CHARITABLE CAPITAL, AND USING THE PROCEEDS OF THAT CAPITAL TO BETTER THE COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WALKER AREA COMMUNITY FOUNDATION PROVIDES GRANTS TO PROMOTE THE COMMUNITY HEALTH AND SOCIAL WELFARE OF CITIZENS WITHIN THE AREA TRADITIONALLY SERVED BY THE WALKER COUNTY HOSPITAL OR AS RECOMMENDED BY FUND ADVISORS AND APPROVED BY THE BOARD OF DIRECTORS TO 501(C)(3) ORGANIZATIONS OUTSIDE OF THE GENERAL SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donaldson Emily Director | Trustee | 1 | $0 |
Drummond Abbie Director | Trustee | 1 | $0 |
Globetti Steve G Director | Trustee | 1 | $0 |
Jackson Edward Director | Trustee | 1 | $0 |
Nolen Jr Robert B Director | Trustee | 1 | $0 |
Stukes Beth Thorne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,665,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,665,196 |
| Total Program Service Revenue | $0 |
| Investment income | $2,081,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $278,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,030,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,948,640 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $676,633 |
| Pension plan accruals and contributions | $32,000 |
| Other employee benefits | $35,237 |
| Payroll taxes | $53,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,506 |
| Advertising and promotion | $149,265 |
| Office expenses | $63,280 |
| Information technology | $93,142 |
| Royalties | $0 |
| Occupancy | $141,308 |
| Travel | $13,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,544 |
| Insurance | $37,833 |
| All other expenses | $63,058 |
| Total functional expenses | $5,508,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,148,493 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,739 |
| Net Land, buildings, and equipment | $1,218,963 |
| Investments—publicly traded securities | $112,193,777 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,373 |
| Total assets | $114,594,345 |
| Accounts payable and accrued expenses | $10,980 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,980 |
| Net assets without donor restrictions | $114,397,121 |
| Net assets with donor restrictions | $186,244 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $114,594,345 |
Grants Awarded
Over the last fiscal year, Walker Area Community Foundation has awarded $3,921,209 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA LIONS SIGHT PURPOSE: Mobile Eye Screening Program in Walker County | $78,520 |
AMERICAN CANCER SOCIETY PURPOSE: Joe Lee Griffin Hope Lodge | $10,000 |
BACKYARD BLESSINGS PURPOSE: Children's backpack feeding program. | $73,700 |
BIG BROTHERS BIG SISTERS PURPOSE: Walker County programming | $15,000 |
BUNDLES OF HOPE DIAPER BANK PURPOSE: Diapers for Walker County | $25,000 |
CAMP MCDOWELL PURPOSE: Kitchen renovations and Farm School scholarships | $40,000 |