Regions-Amsouth Foundation
- Assets
- $5.2m
- Revenue
- $792.9k
- Investments
- $4.9m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 58-2071018
Organization Overview
Regions-Amsouth Foundation is located in Birmingham, AL. The organization was established in 1993. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regions-Amsouth 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 12/2021, Regions-Amsouth Foundation generated $792.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $404.8k during the year ending 12/2021. While expenses have increased by 13.5% per year over the past 4 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 2020, Regions-Amsouth Foundation has awarded 31 individual grants totaling $1,745,000. 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 |
|---|---|---|---|
Regions Bank Trust Dept Trustee | 1 | $14,162 | |
Douglas J Jackson Treasurer | 1 | $0 | |
F Lee Blank President | 1 | $0 | |
Pamela R Welch Secretary | 1 | $0 | |
Latrisha S Jemison Chief Operating Officer | 1 | $0 | |
James Armistead Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $145,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $647,386 |
| Capital Gain Net Income | $647,386 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $792,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,162 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,553 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,912 |
| Total operating and administrative expenses | $49,757 |
| Contributions, gifts, grants paid | $355,000 |
| Total expenses and disbursements | $404,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $384,570 |
| 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 | $4,864,080 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,248,650 |
| 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, Regions-Amsouth Foundation has awarded $355,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: GENERAL OPERATING | $75,000 |
MEMPHIS TEACHER RESIDENCY PURPOSE: GENERAL OPERATING | $60,000 |
HEAVEN SOUTH INC PURPOSE: GENERAL OPERATING | $50,000 |
Nashville, TN PURPOSE: GENERAL OPERATING | $50,000 |
Memphis, TN PURPOSE: GENERAL OPERATING | $25,000 |
MANNA CAFE MINISTRIES PURPOSE: GENERAL OPERATING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Early Learning Coalition Of Pasco And Hernando Counties Inc Spring Hill, FL | $3,978,920 | $41,918,808 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Pinellas County Education Foundation Inc Largo, FL | $46,058,719 | $8,082,359 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Excelsior Academies Inc Miami, FL | $11,544,923 | $8,167,644 |
Mr & Mrs E H Sumners Foundation Jackson, MS | $72,595,869 | $8,309,284 |
Brevard Schools Foundation Inc Viera, FL | $7,221,686 | $4,889,607 |