Mabel Amos Memorial Fund
- Assets
- $6.4m
- Revenue
- $600.1k
- Investments
- $5.7m
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 52-7245836
Organization Overview
Mabel Amos Memorial Fund is located in Montgomery, AL. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mabel Amos Memorial Fund 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 12/2022, Mabel Amos Memorial Fund generated $600.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $550.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mabel Amos Memorial Fund has awarded 196 individual grants totaling $3,019,771. 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 |
|---|---|---|---|
Rick Clifton Board Member | 0 | $0 | |
Tom Albritton Board Member | 0 | $0 | |
Regions Bank Trust Department Investment Trustee | 5 | $115,892 | |
Drew Mcnees Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $163,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,277 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $450,926 |
| Total Revenue | $600,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,892 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,066 |
| Total operating and administrative expenses | $181,798 |
| Contributions, gifts, grants paid | $368,640 |
| Total expenses and disbursements | $550,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $615,235 |
| 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 | $47,035 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,856,491 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,019 |
| Total assets | $6,395,514 |
| 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, Mabel Amos Memorial Fund has awarded $368,640 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ASBURY UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,000 |
AUBURN UNIVERSITY MONTGOMERY PURPOSE: SCHOLARSHIPS | $5,500 |
AUBURN UNIVERSITY PURPOSE: SCHOLARSHIPS | $120,500 |
BIRMINGHAM SOUTHERN COLLEGE PURPOSE: SCHOLARSHIPS | $1,500 |
COASTAL ALABAMA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $2,000 |
FAULKNER UNIVERSITY PURPOSE: SCHOLARSHIPS | $9,000 |