Maynard Cooper & Gale Charitable Foundation
- Assets
- $499.4k
- Revenue
- $57.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 42-1561049
Organization Overview
Maynard Cooper & Gale Charitable Foundation is located in Birmingham, AL. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public 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. Maynard Cooper & Gale Charitable 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, Maynard Cooper & Gale Charitable Foundation generated $57.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $327.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maynard Cooper & Gale Charitable Foundation has awarded 316 individual grants totaling $1,897,787. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT WORTHWHILE CHARITABLE CAUSES AND SUPPLEMENT THE VOLUNTEER EFFORTS OF MAYNARD NEXSEN EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT WORTHWHILE CHARITABLE CAUSES AND SUPPLEMENT THE VOLUNTEER EFFORTS OF MAYNARD NEXSEN EMPLOYEES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Dulin Jr President & Director | OfficerTrustee | 1.6 | $0 |
Bryan A Coleman Vice President | OfficerTrustee | 1 | $0 |
James M Pool Secretary | OfficerTrustee | 0.2 | $0 |
Katy Eldridge Director | Trustee | 0.2 | $0 |
Lauren Demoss Director | Trustee | 0.2 | $0 |
Jeff Grantham Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,025 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $57,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $325,933 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $327,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $499,368 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $499,368 |
| Total liabilities and net assets/fund balances | $499,368 |
Grants Awarded
Over the last fiscal year, Maynard Cooper & Gale Charitable Foundation has awarded $125,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AAMU FOUNDATION PURPOSE: AAMU 23RD ANNUAL BLACK TIE SCHOLARSHIP GALA | $6,000 |
AMERICAN CANCER SOCIETY PURPOSE: 2023 HOPE GALA | $7,500 |
ALABAMA BALLET PURPOSE: 2023 AND 2024 POINTE BALL SPONSOR | $12,000 |
BAPTIST HEALTH CARE FOUNDATION PURPOSE: BIRDIES FOR BABIES, GOLF TOURNAMENT, 2023 CLAY SHOOT, AND 2024 WINE WOMEN & SHOES | $10,500 |
ALABAMA SYMPHONY ORCHESTRA PURPOSE: SPONSOR 2023 MAESTRO'S BALL | $7,500 |
BIRMINGHAM MUSEUM OF ART PURPOSE: SUSTAINERS CIRCLE CORPORATE SPONSOR & 2023 BALL SPONSOR TABLE | $25,000 |