Fambrough Family Foundation
- Assets
- $420.0k
- Revenue
- $18.8k
- Investments
- $381.1k
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 63-1239384
Organization Overview
Fambrough Family Foundation is located in Huntsville, AL. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Fambrough Family 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, Fambrough Family Foundation generated $18.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $38.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fambrough Family Foundation has awarded 40 individual grants totaling $164,450. 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 |
|---|---|---|---|
Ray A Fambrough Trustee | 0 | $0 | |
Margaret E Fambrough Trustee | 0 | $0 | |
Brooke Greene Trustee | 0 | $0 | |
Alexander Fambrough Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $103 |
| Dividends & Interest | $13,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,009 |
| Capital Gain Net Income | $5,009 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $221 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,129 |
| Total operating and administrative expenses | $5,040 |
| Contributions, gifts, grants paid | $33,100 |
| Total expenses and disbursements | $38,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,330 |
| 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 | $22 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $381,136 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,545 |
| Total assets | $420,033 |
| 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, Fambrough Family Foundation has awarded $33,100 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON ALPHA PURPOSE: EDUCATIONAL OUTREACH | $10,000 |
HUNTSVILLE LIBRARY FOUNDATION PURPOSE: UNRESTRICTED DONATION TO HELP PUBLIC LIBRARY | $5,000 |
HUNTSVILLE SYMPHONY ORCHESTRA GUILD PURPOSE: UNRESTRICTED DONATION TO HUNTSVILLE SYMPHONY OCHESTRA GUILD | $100 |
ST THOMAS EPISCOPAL CHURCH PURPOSE: UNRESTRICTED DONATION TO CHURCH | $15,500 |
LINCOLN VILLAGE MINISTRY PURPOSE: UNRESTRICTED DONATION TO LINCOLN VILLAGE MINISTRY | $500 |
BROADWAY THEATRE LEAGUE PURPOSE: UNRESTRICTED DONATION TO BROADWAY THEATRE LEAGUE | $2,000 |