Community Foundation Of West Alabama
- Assets
- $15.4m
- Revenue
- $1.1m
- Investments
- $15.3m
- Employees
- 3
- Location
- Tuscaloosa, AL
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 63-1225003
Organization Overview
Community Foundation Of West Alabama is located in Tuscaloosa, AL. The organization was established in 1999. 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, Community Foundation Of West Alabama employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of West Alabama 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, Community Foundation Of West Alabama generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Community Foundation Of West Alabama has awarded 226 individual grants totaling $3,657,446. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER CHARITABLE, EDUCATIONAL, LITERARY, RELIGIOUS, SCIENTIFIC AND OTHER ENDEAVORS WITHIN THE WEST ALABAMA AREA AND TO ENABLE INDIVIDUALS AND ORGANIZATIONS TO PROVIDE FOR THE BETTERMENT OF THE COMMUNITY IN WHICH THEY RESIDE.
Describe the Organization's Program Activity:
TRINITY PRESBYTERIAN CHURCH
OTHER PROGRAM SERVICES INCLUDE GRANTS AND SCHOLARSHIPS TO VARIOUS CHARITABLE ORGANIZATIONS.
WEST ALABAMA FOOD BANK
THE UNIVERSITY OF ALABAMA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claude Edwards Chairman | OfficerTrustee | 2 | $0 |
Glenn Taylor President & CEO | OfficerTrustee | 20 | $47,161 |
Pierce Boyd Director | Trustee | 0.5 | $0 |
Sam Faucett Director | Trustee | 0.5 | $0 |
James I Harrison III Director | Trustee | 0.5 | $0 |
Shelley Jones Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,346,875 |
| Noncash contributions included in lines 1a–1f | $165,186 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,367,125 |
| Total Program Service Revenue | $0 |
| Investment income | $295,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,949 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,116,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $915,698 |
| 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. | $47,160 |
| Compensation of current officers, directors, key employees. | $23,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,500 |
| Travel | $401 |
| 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 | $0 |
| Insurance | $6,150 |
| All other expenses | $10,747 |
| Total functional expenses | $1,223,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,591 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,317,169 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75 |
| Total assets | $15,413,835 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,370,503 |
| Total liabilities | $3,370,503 |
| Net assets without donor restrictions | $11,998,332 |
| Net assets with donor restrictions | $45,000 |
| 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 | $15,413,835 |
Grants Awarded
Over the last fiscal year, Community Foundation Of West Alabama has awarded $737,071 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALICEVILLE FIRST BAPTIST CHURCH PURPOSE: GENERAL FUND | $10,000 |
AMERICAN RED CROSS PURPOSE: GENERAL FUND | $5,100 |
BIG OAK RANCH PURPOSE: GENERAL FUND | $13,000 |
CHRIST EPISCOPAL PURPOSE: GENERAL FUND | $28,900 |
DCH FOUNDATION PURPOSE: GENERAL FUND | $6,500 |
FIRST PRESBYTERIAN CHURCH OF TUSCALOOSA PURPOSE: GENERAL FUND | $20,000 |