Propst Foundation
- Assets
- $7.8m
- Revenue
- $420.0k
- Investments
- $7.6m
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 27-4341346
Organization Overview
Propst Foundation is located in Huntsville, AL. The organization was established in 2013. 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. Propst Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Propst Foundation has awarded 182 individual grants totaling $3,260,762. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily P Reiney President & Director | 1 | $0 | |
William S Propst Jr Secretary, Treasurer, & Di | 1 | $0 | |
Charles Vincent Propst Director | 1 | $0 | |
Michael J Propst Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $84,840 |
| Dividends & Interest | $133,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $183,811 |
| Capital Gain Net Income | $183,811 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,506 |
| Total Revenue | $420,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144 |
| Total operating and administrative expenses | $53,528 |
| Contributions, gifts, grants paid | $486,830 |
| Total expenses and disbursements | $540,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,164 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,836,656 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Propst Foundation has awarded $486,830 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW LEASH ON LIFE PURPOSE: TO HELP PROVIDE FOOD, SHELTER, AND A HOME FOR HOMELESS PETS. | $5,000 |
BIG OAK RANCH PURPOSE: TO HELP GIVE CHILDREN A CHANCE AT A SUCCESSFUL CHRISTIAN LIFE. | $35,000 |
BOYS & GIRLS CLUBS OF NORTH ALABAMA PURPOSE: TO PROVIDE AFTERSCHOOL PROGRAMS TO CHILDREN 5-18 YEARS OF AGE DURING THE SCHOOL YEAR. | $68,415 |
FELINES & CANINES HUNTER STEPHENSON RESCUE CENTER PURPOSE: TO HELP PROVIDE FOOD, SHELTER, AND A HOME FOR HOMELESS PETS. | $5,000 |
FOOD BANK OF NORTH ALABAMA PURPOSE: TO HELP FEED THE HUNGRY TODAY AND CREATE SOLUTIONS TO END HUNGER TOMORROW. | $50,000 |
HARRIS HOME FOR CHILDREN PURPOSE: TO NURTURE AND EMPOWER CHILDREN SO THAT THEY CAN GROW INTO CAPABLE AND COMPASSIONATE ADULTS. | $20,000 |