Nabers Charitable Foundation
- Assets
- $14.0m
- Revenue
- $1.7m
- Investments
- $13.6m
- Employees
- 0
- Location
- Mountain Brook, AL
- Founding
- Data as of
- 12/2022
- EIN
- 63-1189714
Organization Overview
Nabers Charitable Foundation is located in Mountain Brook, AL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nabers Charitable 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, Nabers Charitable Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 71.4% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 14.7% per year over the past 3 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 2020, Nabers Charitable Foundation has awarded 23 individual grants totaling $5,323,175. 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 |
|---|---|---|---|
Drayton Nabers Jr President/director | 2 | $0 | |
Fairfax Smathers Nabers Secretary/trustee | 1 | $0 | |
Mary Nabers Doyle Treasurer/trustee | 1 | $0 | |
Fairfax Nabers Blount Trustee | 1 | $0 | |
Drayton Nabers III Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,628,785 |
| Capital Gain Net Income | $1,628,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210 |
| Total Revenue | $1,725,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34,201 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26,329 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $150,783 |
| Contributions, gifts, grants paid | $2,412,425 |
| Total expenses and disbursements | $2,563,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,700 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $812 |
| 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 | $13,975,609 |
| 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, Nabers Charitable Foundation has awarded $2,412,425 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BIRMINGHAM SOUTHERN COLLEGE PURPOSE: FOR GENERAL SUPPORT | $1,800 |
INDEPENDENT PRESBYTERIAN CHURCH PURPOSE: FOR GENERAL SUPPORT | $15,000 |
HOPE 4 LIFE MINISTRIES PURPOSE: FOR GENERAL SUPPORT | $600 |
CORNERSTONE SCHOOLS PURPOSE: FOR GENERAL SUPPORT | $400,000 |
PORTRAITS OF HOPE PURPOSE: FOR GENERAL SUPPORT | $10,000 |
VANGUARD CHARITABLE ENDOWMENT PURPOSE: FOR GENERAL SUPPORT | $1,985,025 |