Woodlawn Foundation Inc
- Assets
- $23.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Birmingham, AL
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-4051072
Organization Overview
Woodlawn Foundation Inc is located in Birmingham, AL. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Woodlawn Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodlawn 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, Woodlawn Foundation Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 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, Woodlawn Foundation Inc has awarded 33 individual grants totaling $1,804,591. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRANSFORMATION AND REVITALIZATION OF THE WOODLAWN COMMUNITY IN BIRMINGHAM, ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PIPELINE: TO PROVIDE HIGH-QUALITY, NEIGHBORHOOD-SERVING CONTINUUM FOR STUDENT GROWTH, LEARNING, AND ACHIEVEMENT AT EVERY LEVEL STARTING AT BIRTH AND THROUGH COLLEGE AND BEYOND.
REAL ESTATE REVITALIZATION: TO PROVIDE SAFE, HIGH-QUALITY HOUSING SERVING RESIDENTS AT ALL INCOME LEVELS WITH A HIGH PERCENTAGE DESIGNATED TO PRESERVE LONG-TERM, PERMANENT AFFORDABILITY IN THE NEIGHBORHOOD.
COMMUNITY WELLNESS: TO PROVIDE COMMUNITY-SPECIFIC MIX OF FACILITIES, PROGRAMS, AND SERVICES THAT HONOR LOCAL HISTORY, REFLECT THE PRIORITIES OF RESIDENTS, PROMOTE HEALTHY LIFESTYLES, CREATE JOBS, AND REDUCE CRIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mashonda Taylor Executive Director | OfficerTrustee | 40 | $135,417 |
Gillian W Goodrich Vice-Chairman | OfficerTrustee | 8 | $0 |
K Wood Herren Secretary | OfficerTrustee | 8 | $0 |
Johnny Johns Chairman | OfficerTrustee | 8 | $0 |
Myeisha Hutchinson Director | Trustee | 1 | $0 |
Steve Spencer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Providential Remodeling Construction Of Affordable Housing | 12/30/18 | $133,354 |
Murray Building Company Commercial Property Renovation | 12/30/18 | $506,428 |
Drake Homes Llc Construction Of Affordable Housing | 12/30/18 | $422,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,028 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,478,249 |
| Noncash contributions included in lines 1a–1f | $131,754 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,526,277 |
| Total Program Service Revenue | $109,358 |
| Investment income | $229,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,022,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $793,921 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,417 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,827 |
| Payroll taxes | $47,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $620 |
| Fees for services: Accounting | $40,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,131 |
| Advertising and promotion | $0 |
| Office expenses | $3,847 |
| Information technology | $6,073 |
| Royalties | $0 |
| Occupancy | $79,195 |
| Travel | $208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $238,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,823 |
| Insurance | $11,185 |
| All other expenses | $159,846 |
| Total functional expenses | $3,880,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,810,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,168,661 |
| Accounts receivable, net | $250,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,380,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,734 |
| Net Land, buildings, and equipment | $3,758,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$3,133,493 |
| Intangible assets | $0 |
| Other assets | $3,017 |
| Total assets | $23,281,492 |
| Accounts payable and accrued expenses | $129,857 |
| Grants payable | $0 |
| Deferred revenue | $60,669 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,917,236 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,107,762 |
| Net assets without donor restrictions | $15,003,354 |
| Net assets with donor restrictions | $1,170,376 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,281,492 |
Grants Awarded
Over the last fiscal year, Woodlawn Foundation Inc has awarded $791,296 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
I3 ACADEMY PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $500,000 |
I3 ACADEMY - CONSTRUCTION EXPENSES PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $236,748 |
Birmingham, AL PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $49,448 |
Atlanta, GA PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $5,100 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Woodlawn Foundation Inc has recieved totaling $1,142,660.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $500,000 |
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT + SPECIAL PROGRAMS | $370,800 |
Luke 6 38 Foundation Wilmington, DE PURPOSE: I3 ACADEMY | $100,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $65,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $26,500 |
Hugh Kaul Foundation Tr 09-12-89 25-6733-00-7 Birmingham, AL PURPOSE: GENERAL OPERATING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |