Mabel Amos Memorial Fund
- Assets
- $6.3m
- Revenue
- $896.4k
- Investments
- $5.8m
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 52-7245836
The information for Mabel Amos Memorial Fund is as of the organization's most recent filing in December '21. This organization is located in Montgomery, AL. It has been in existence for 18 years, following its founding in 2003.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Mabel Amos Memorial Fund is a philanthropic organization classified under the NTEE code T22. As part of the Philanthropy, Voluntarism & Grantmaking Foundations major classification, the Mabel Amos Memorial Fund falls under the minor classification of Private Independent Foundations. This type of foundation focuses primarily on grantmaking and is usually endowed by a single individual or family. The Mabel Amos Memorial Fund is considered a private foundation and is governed by section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Grant History
Our dataset includes seven years of grant history for the Mabel Amos Memorial Fund. Over the course of those seven years, they have awarded a total of 168 grants, with an average check size of $15,781. On average, the organization awards 24 grants each year. The majority of their grants (66) have been awarded in the Education sector. In terms of geographic distribution, the Mabel Amos Memorial Fund has awarded the most grants in Alabama (107), followed by Mississippi (14), Georgia (12), Tennessee (12), Texas (10), Florida (5), Rhode Island (3), New York (1), and Louisiana (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regions Bank Trust Department Investment Trustee | 5 | $97,229 | |
Drew Mcnees Board Member | 0 | $0 | |
Tom Albritton Board Member | 0 | $0 | |
Rick Clifton Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $179,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $404,144 |
| Capital Gain Net Income | $404,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $312,784 |
| Total Revenue | $896,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,229 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,857 |
| Total operating and administrative expenses | $143,233 |
| Contributions, gifts, grants paid | $343,000 |
| Total expenses and disbursements | $486,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $459,967 |
| 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 | $939,564 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $54 |
| Total assets | $6,343,241 |
| 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 $343,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: SCHOLARSHIPS | $97,500 |
TROY UNIVERSITY PURPOSE: SCHOLARSHIPS | $56,500 |
UNIVERSITY OF ALABAMA PURPOSE: SCHOLARSHIPS | $47,000 |
UNIVERSITY OF ALABAMA BIRMINGHAM PURPOSE: SCHOLARSHIPS | $23,000 |
Mobile, AL PURPOSE: SCHOLARSHIPS | $17,000 |
Andalusia, AL PURPOSE: SCHOLARSHIPS | $15,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |