1857 Foundation Inc

Organization Overview

1857 Foundation Inc is located in Mobile, AL. The organization was established in 2017. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1857 Foundation Inc 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, 1857 Foundation Inc generated $152.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.2%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE 1857 FOUNDATION IS ORGANIZED FOR THE PURPOSE OF PRESERVING THE HISTORIC OR ARCHITECTURAL CHARACTER OF THE MOBILE, ALABAMA COMMUNITY THROUGH THE ACQUISITION AND RESTORATION OF HISTORICALLY OR ARCHITECTURALLY SIGNIFICANT PROPERTIES, PROMOTING AN APPRECIATION OF THE HISTORY OF MOBILE

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PRESERVE, RESTORE AND MAINTAIN HISTORICALLY OR ARCHITECTURALLY SIGNIFICANT REAL PROPERTIES.


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Board, Officers & Key Employees

Name (title)Compensation
James M Alexander
President
$0
Alton R Brown III
Vice President/director
$0
David L Wallace
Secretary/director
$0
James R Cox
Treasurer/director
$0
Jt Hendrix
Director
$0
Joseph L Leavitt
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$160,181
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$160,181
Total Program Service Revenue$0
Investment income $118
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$25,090
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $16,806
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $152,015

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