Alys Foundation Inc
- Assets
- $4.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Alys Beach, FL
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-1771428
Organization Overview
Alys Foundation Inc is located in Alys Beach, FL. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community 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. Alys 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 12/2021, Alys Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 6 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 2015, Alys Foundation Inc has awarded 100 individual grants totaling $2,026,719. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERTS AND OTHER COMMUNITY EVENTS WERE HELD TO ENRICH THE COMMUNITY THROUGH THE SUPPORT AND PROMOTION OF CULTURAL, CHARITABLE, SPIRITUAL,LITERARY AND EDUCATIONAL ACTIVITIES.EVENTS SUPPORTED BY THE FOUNDATION INCLUDE DIGITAL GRAFFITI AT ALYS BEACH,THE 30A WINE FESTIVAL,AND CRAFTED - A GATHERING OF CRAFTSPERSONS. DUE TO THE COVID PANDEMIC SOME EVENTS WERE LIMITED IN NATURE OR POSTPONED,BUT ARE EXPECTED TO RETURN TO NORMALCY IN FUTURE YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Stephens Chairman | 1 | $0 | |
Dell S Brooke Vice President | 1 | $0 | |
Jdavid Walker Vice-President/treasurer | 1 | $0 | |
Bryson Stephens President & Secry | 1 | $0 | |
Elise Stearns Asst Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,061,264 |
| Interest on Savings | $257 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $290,201 |
| Total Revenue | $3,351,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $133,807 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $296,353 |
| Total operating and administrative expenses | $723,267 |
| Contributions, gifts, grants paid | $581,964 |
| Total expenses and disbursements | $1,305,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,912 |
| Savings and temporary cash investments | $3,856,766 |
| Net Accounts receivable | $46,100 |
| 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 | $64,546 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $541,559 |
| Total assets | $4,520,883 |
| Accounts payable and accrued expenses | $23,218 |
| Grants payable | $0 |
| Deferred revenue | $62,600 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,818 |
Grants Awarded
Over the last fiscal year, Alys Foundation Inc has awarded $581,964 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Rosa Beach, FL PURPOSE: SUPPORT OF THE ORGANIZATION | $109,900 |
Santa Rosa Beach, FL PURPOSE: SUPPORT OF THE ORGANIZATION | $105,000 |
Freeport, FL PURPOSE: SUPPORT OF THE ORGINIZATION | $64,000 |
FOOD FOR THOUGHT PURPOSE: SUPPORT OF THE ORGANIZATION | $60,119 |
HABITAT FOR HUMANITY OF WALTON COUNTY PURPOSE: SUPPORT OF THE ORGANIZATION | $45,000 |
Defuniak Springs, FL PURPOSE: SUPPORT OF THE ORGINIZATION | $35,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |
Community Foundation Of South Alabama Mobile, AL | $98,008,361 | $13,565,867 |
The Community Foundation For The Csra Augusta, GA | $104,773,368 | $16,442,862 |