Alfa Foundation
- Assets
- $29.3m
- Revenue
- $805.4k
- Investments
- $23.9m
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 10/2014
- Data as of
- 10/2023
- EIN
- 72-1373145
Organization Overview
Alfa Foundation is located in Montgomery, AL. The organization was established in 2014. 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. Alfa 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 10/2023, Alfa Foundation generated $805.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.4m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alfa Foundation has awarded 404 individual grants totaling $6,961,304. 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 |
|---|---|---|---|
James L Parnell President | 1 | $0 | |
John D Hemmings Jr Treasurer | 1 | $0 | |
Angela L Bradwell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $325,509 |
| Dividends & Interest | $523,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,047 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $805,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,200 |
| Total operating and administrative expenses | $115,200 |
| Contributions, gifts, grants paid | $1,268,550 |
| Total expenses and disbursements | $1,383,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,499 |
| Savings and temporary cash investments | $5,405,977 |
| 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 | $30,279 |
| Total assets | $29,313,953 |
| 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 | $92,205 |
| Total liabilities | $92,205 |
Grants Awarded
Over the last fiscal year, Alfa Foundation has awarded $1,268,550 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
AGR EDUCATIONAL FOUNDATION PURPOSE: PUBLIC CHARITY | $25,000 |
AGAPE OF CENTRAL ALABAMA PURPOSE: PUBLIC CHARITY | $1,000 |
ALABAMA 4-H FOUNDATION INC PURPOSE: PUBLIC CHARITY | $50,000 |
ALABAMA AUTISM ASSISTANCE PROGRAM PURPOSE: PUBLIC CHARITY | $25,000 |
ALABAMA BASEBALL COACHES ASSOCIATION PURPOSE: PUBLIC CHARITY | $1,500 |
ALABAMA FARMERS AGRICULTURE FOUNDATION PURPOSE: PUBLIC CHARITY | $152,000 |