Snook Foundation
- Assets
- $24.7m
- Revenue
- $1.6m
- Investments
- $14.4m
- Employees
- 0
- Location
- Foley, AL
- Founding
- 12/1972
- Data as of
- 12/2023
- EIN
- 23-7250795
Organization Overview
Snook Foundation is located in Foley, AL. The organization was established in 1972. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Snook 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 12/2023, Snook Foundation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Snook Foundation has awarded 376 individual grants totaling $15,341,912. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION COSTS OF THE SNOOK TELEPHONE MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Y Snook Trustee | 0 | $0 | |
Rosemary Johnston Trustee | 0 | $6,000 | |
Melanie Lsmith Trustee | 0 | $6,000 | |
William L Lambert Trustee | 0 | $6,000 | |
M Mort Swaim Trustee | 0 | $6,000 | |
Thomas E Lee II Grant Direct | 0 | $170,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $673 |
| Dividends & Interest | $475,738 |
| Net Rental Income | $15,150 |
| Net Gain on Sale of Assets | $1,114,659 |
| Capital Gain Net Income | $1,114,659 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $670 |
| Total Revenue | $1,606,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $376,348 |
| Pension plans, employee benefits | $379,401 |
| Interest | $0 |
| Taxes | $66,486 |
| Depreciation | $9,186 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148,713 |
| Total operating and administrative expenses | $1,117,898 |
| Contributions, gifts, grants paid | $1,009,410 |
| Total expenses and disbursements | $2,127,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,326,951 |
| 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 | $14,438,471 |
| Net Land, buildings, and equipment | $5,080,535 |
| Other assets | $3,806,008 |
| Total assets | $24,651,965 |
| Accounts payable and accrued expenses | $5,278 |
| 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 | $5,278 |
Grants Awarded
Over the last fiscal year, Snook Foundation has awarded $1,009,410 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
SNOOK CHRISTIAN ACADEMY PURPOSE: FUNDS FOR EDUCATION TO CHILDREN | $465,000 |
LIBERTY LEARNING FOUNDATION PURPOSE: FUNDS TO SUPPORT PROGRAM ACTIVITIES | $4,000 |
HABITAT FOR HUMANITY PURPOSE: FUNDS TO BUILD HOMES FOR FAMILIES | $40,000 |
PRODISEE PANTRY PURPOSE: FUNDS FOR INDIGENT FAMILIES ASSIS | $35,000 |
GOOD COUNSEL MARY'S SHELTER GC PURPOSE: FUNDS FOR FOR PROGRAM OPERATIONS | $10,000 |
BALDWIN COUNTY EDUCATION COALITION PURPOSE: TO PROVIDE SUPPLIES FOR STUDENTS | $15,000 |