A H Bean Foundation
- Assets
- $8.2m
- Revenue
- $714.5k
- Investments
- $4.9m
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 63-6134142
Organization Overview
A H Bean Foundation is located in Tuscaloosa, AL. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. A H Bean 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, A H Bean Foundation generated $714.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $599.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, A H Bean Foundation has awarded 207 individual grants totaling $3,443,250. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLATWOODS BAPTIST CHURCH 4520 70TH AVENUE NORTHPORT, ALABAMA 35404
AMERICAN CHRISTIAN ACADEMY 2300 VETERANS MEMORIAL PARKWAY TUSCALOOSA, AL 35404
CENTRAL CHURCH OF CHRIST 304 HARGROVE ROAD TUSCALOOSA, ALABAMA 35401
SHELTON STATE COMMUNITY COLLEGE 9500 OLD GREENSBORO ROAD TUSCALOOSA, AL 35405
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Oswalt Board Member | 0 | $0 | |
Scott Ridings Board Member | 0 | $0 | |
Tommy Knight Board Member | 0 | $0 | |
Name Not Listed Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $145,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,331 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $401,821 |
| Total Revenue | $714,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,581 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $106,678 |
| Total operating and administrative expenses | $121,434 |
| Contributions, gifts, grants paid | $478,000 |
| Total expenses and disbursements | $599,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $77,782 |
| 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 | $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 | $3,235,118 |
| Total assets | $8,238,750 |
| 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, A H Bean Foundation has awarded $478,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL CHURCH OF CHRIST PURPOSE: GENERAL SUPPORT | $53,500 |
FLATWOODS BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $81,500 |
SHELTON STATE COMM COLL PURPOSE: SCHOLARSHIPS | $43,500 |
AMERICAN CHRISTIAN ACADEMY PURPOSE: GENERAL SUPPORT | $60,000 |
TRINITY PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $30,000 |
VOICE OF THE MARTYRS PURPOSE: GENERAL SUPPORT | $10,000 |