Wiregrass Foundation
- Assets
- $101.7m
- Revenue
- $2.9m
- Investments
- $92.4m
- Employees
- 0
- Location
- Dothan, AL
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-0897153
Organization Overview
Wiregrass Foundation is located in Dothan, AL. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Wiregrass 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, Wiregrass Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wiregrass Foundation has awarded 586 individual grants totaling $134,729,855. 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
BRIGHT KEY - THE PROGRAM IS A PARTNERSHIP WITH DOTHAN CITY SCHOOLS TO DEVELOP AND PILOT COMMUNITY LEARNING CENTERS IN DCS ELEMENTARY SCHOOLS. THE PROGRAM INTEGRATES ACADEMIC AND NON-ACADEMIC RESOURCES TO MEET THE PRIORITY NEEDS OF PARENTS, TEACHERS, STAFF, AND NEIGHBORHOOD CITIZENS. FOUNDATION FISCAL SUPPORT CONSISTS PRIMARILY OF CONTRACTS FOR PROJECT DEVELOPMENT, COMMUNICATION, AND EVALUATION.
CAPCONNECT - THE CAPACITY BUILDING PROGRAM IS FUNDED BY WIREGRASS FOUNDATION TO INCREASE THE EFFECTIVENESS AND SUSTAINABILITY OF WIREGRASS AREA NONPROFIT ORGANIZATIONS. THE PROGRAM IS FACILITATED BY WIREGRASS FOUNDATION AND SUPPORTED BY CONTRACTED LEADERSHIP COACHES AND PRESENTERS. THE PROGRAM PROVIDES WORKSHOPS RELATIVE TO THE NEEDS OF THE NONPROFIT COMMUNITY TO INCLUDE STAFF DEVELOPMENT, BOARD LEADERSHIP, STRATEGIC PLANNING AND FUNDRAISING.
CULTURAL ARTS INITIATIVE - THE INITIATIVE BEGAN IN 2018 AND FOCUSED ON THE STATE OF THE CULTURAL ARTS IN THE WIREGRASS. THIS INITIATIVE BRINGS TOGETHER THE MAJOR CONSTITUENT GROUPS CONDUCTING ARTS PROGRAMMING IN THE REGION AS WELL AS REPRESENTATION FROM THE CITY OF DOTHAN, WHICH OWNS THE TWO PRIMARY ARTS VENUES. THE CORE TEAM CONTINUES TO WORK WITH NATIONALLY RECOGNIZED CONSULTANTS TO DETERMINE IF A PROGRESSIVE AND SUSTAINABLE COLLABORATION AROUND THE ARTS IS POSSIBLE FOR THE REGION. THIS INITIATIVE HAS MERGED WITH PUBLIC/PRIVATE INVESTORS TO CREATE A MORE EXPANSIVE OUTCOME AROUND ECONOMIC DEVELOPMENT IN THE DOWNTOWN AREA. WIREGRASS FOUNDATION HAS COMMITTED TO PROVIDE A PORTION OF THE CAPITAL/PROGRAMMING SUPPORT ALONG WITH LOCAL CITY, PUBLIC/PRIVATE SUPPORT. THE INITIATIVE IS CURRENTLY IN THE PROCESS OF FINALIZING PLANS AND INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Fountain President | 40 | $179,315 | |
Cynthia Bedsole VP Program | 40 | $115,801 | |
Christina Ross Office Mgr | 40 | $51,079 | |
Samuel Benton Secretary | 1 | $6,500 | |
Addie Mckinzie Chairman | 1 | $6,500 | |
David Johnston Board Member | 1 | $6,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Angie Casey Miller | 12/30/22 | $100,250 |
Strategies For Greatness | 12/30/22 | $172,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $321,915 |
| Dividends & Interest | $2,202,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,300 |
| Capital Gain Net Income | $302,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $60,217 |
| Total Revenue | $2,886,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $233,815 |
| Other employee salaries and wages | $166,880 |
| Pension plans, employee benefits | $102,593 |
| Interest | $0 |
| Taxes | $49,463 |
| Depreciation | $53,052 |
| Occupancy | $67,357 |
| Travel, conferences, and meetings | $76,970 |
| Printing and publications | $1,166 |
| Other expenses | $626,382 |
| Total operating and administrative expenses | $1,874,176 |
| Contributions, gifts, grants paid | $3,127,025 |
| Total expenses and disbursements | $5,001,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,729,511 |
| 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 | $29,093,243 |
| Net Land, buildings, and equipment | $1,529,520 |
| Other assets | $1,715 |
| Total assets | $101,684,443 |
| Accounts payable and accrued expenses | $42,742 |
| 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 | $42,742 |
Grants Awarded
Over the last fiscal year, Wiregrass Foundation has awarded $19,850,062 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DOTHAN PURPOSE: WIREGRASS PUBLIC SAFETY CENTER | $16,100,000 |
CITY OF DOTHAN PURPOSE: WIREGRASS PUBLIC SAFETY CENTER | $1,000,000 |
Headland, AL PURPOSE: FAMILY LIFE CENTER | $550,000 |
Dothan, AL PURPOSE: ANNUAL CAMPAIGN | $400,000 |
WIREGRASS UNITED WAY PURPOSE: ANNUAL CAMPAIGN | $400,000 |
CITY OF DOTHAN PURPOSE: EAST MAIN LAND PURCHASE | $285,390 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |