Walker Area Community Foundation
- Assets
- $96.0m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Jasper, AL
- Founding
- 08/1997
- Data as of
- 12/2021
- 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 12/2021, Walker Area Community Foundation employed 9 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 12/2021, Walker Area Community Foundation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 16.8% 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 607 individual grants totaling $15,376,059. 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
2021
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 COMMUNITY OF WALKER COUNTY, ALABAMA 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 |
|---|---|---|---|
Paul W Kennedy President | Officer | 40 | $128,796 |
Allen Robin Reed Chairman | OfficerTrustee | 1 | $0 |
Callahan Kevin F Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Thornley Scott Vice Chairman | OfficerTrustee | 1 | $0 |
Harris Rhodes Finance Manager | Officer | 40 | $0 |
Drummond Abbie 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 | $5,544,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,544,506 |
| Total Program Service Revenue | $0 |
| Investment income | $1,361,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$271,336 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,641,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,563,840 |
| 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. | $128,796 |
| Compensation of current officers, directors, key employees. | $19,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,897 |
| Pension plan accruals and contributions | $26,352 |
| Other employee benefits | $47,223 |
| Payroll taxes | $44,378 |
| 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 | $101,518 |
| Advertising and promotion | $77,716 |
| Office expenses | $59,979 |
| Information technology | $40,099 |
| Royalties | $0 |
| Occupancy | $85,872 |
| Travel | $15,275 |
| 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 | $68,557 |
| Insurance | $33,560 |
| All other expenses | $64,726 |
| Total functional expenses | $4,783,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,053 |
| 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 | $1,282,991 |
| Investments—publicly traded securities | $94,154,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,373 |
| Total assets | $95,971,007 |
| Accounts payable and accrued expenses | $11,886 |
| 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 | $11,886 |
| Net assets without donor restrictions | $95,756,450 |
| Net assets with donor restrictions | $202,671 |
| 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 | $95,971,007 |
Grants Awarded
Over the last fiscal year, Walker Area Community Foundation has awarded $3,555,836 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
Jasper, AL PURPOSE: Operations and programs - Jasper Main Street | $263,364 |
Birmingham, AL PURPOSE: Salaries, training, facilities, and to build capacity for Walker County program | $250,000 |
JASPER CITY BOARD OF EDUCATION PURPOSE: To pay off school lunchroom debt at every Jasper City School | $232,838 |
ST MARY'S EPISCOPAL CHURCH PURPOSE: Food bank | $177,600 |
BEVILL STATE COMMUNITY COLLEGE PURPOSE: Repair Rowland Auditorium | $165,000 |
Birmingham, AL PURPOSE: Local needs assesment and referrals | $148,320 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Walker Area Community Foundation has recieved totaling $122,561.
| Awarding Organization | Amount |
|---|---|
The Funders Network Inc Coral Gables, FL PURPOSE: PPREP | $77,250 |
Holle Family Foundation Birmingham, AL PURPOSE: FUTURE GRANT | $25,000 |
Dk Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |