Regions-Amsouth Foundation
- Assets
- $5.1m
- Revenue
- $204.6k
- Investments
- $5.0m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1993
- Data as of
- 12/2023
- 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 12/2023, Regions-Amsouth Foundation generated $204.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $151.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Regions-Amsouth Foundation has awarded 40 individual grants totaling $1,490,000. 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 |
|---|---|---|---|
Latrisha S Jemison Chief Operating Officer | 1 | $0 | |
Pamela R Welch Secretary | 1 | $0 | |
Douglas J Jackson Treasurer | 1 | $0 | |
F Lee Blank President | 1 | $0 | |
James Armistead Director | 1 | $0 | |
Paul E Bostic Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $140,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,067 |
| Capital Gain Net Income | $64,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,768 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,294 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,427 |
| Total operating and administrative expenses | $41,489 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $151,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,118 |
| 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 | $4,951,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,102,819 |
| 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 $110,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WO SMITH COMMUNITY MUSIC SCHOOL PURPOSE: GENERAL OPERATING | $10,000 |
FISK UNIVERSITY PURPOSE: GENERAL OPERATING | $50,000 |
UNIVERSITY FOUNDATION PURPOSE: GENERAL OPERATING | $50,000 |