Alfa Foundation
- Assets
- $26.2m
- Revenue
- $5.0m
- Investments
- $23.9m
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 10/2014
- Data as of
- 10/2021
- 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 10/2021, Alfa Foundation generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.5% each year . All expenses for the organization totaled $1.9m during the year ending 10/2021. While expenses have increased by 21.0% 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 2016, Alfa Foundation has awarded 235 individual grants totaling $4,263,257. 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 |
|---|---|---|---|
W Scott Forrest Treasurer | 1 | $0 | |
James L Parnell President | 1 | $0 | |
Angela L Bradwell Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96,271 |
| Dividends & Interest | $477,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,375,908 |
| Capital Gain Net Income | $4,388,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,755 |
| Total Revenue | $4,953,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,783 |
| Total operating and administrative expenses | $42,058 |
| Contributions, gifts, grants paid | $1,823,625 |
| Total expenses and disbursements | $1,865,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,212 |
| Savings and temporary cash investments | $2,200,276 |
| Net Accounts receivable | $32,223 |
| 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 | $17,505 |
| Total assets | $26,232,680 |
| 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, Alfa Foundation has awarded $1,823,625 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
Rockford, AL PURPOSE: PUBLIC CHARITY | $723,000 |
Birmingham, AL PURPOSE: PUBLIC CHARITY | $167,000 |
Montgomery, AL PURPOSE: PUBLIC CHARITY | $160,000 |
SCHOLARSHIP AMERICA PURPOSE: PUBLIC CHARITY | $120,500 |
YMCA OF GREATER MONTGOMERY PURPOSE: PUBLIC CHARITY | $54,000 |
Auburn, AL PURPOSE: PUBLIC CHARITY | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |