The James I Harrison Family Foundation Inc
- Assets
- $5.0m
- Revenue
- $162.8k
- Investments
- $4.8m
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 58-2327810
Organization Overview
The James I Harrison Family Foundation Inc is located in Tuscaloosa, AL. The organization was established in 1997. 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. James I Harrison Family Foundation Inc 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, James I Harrison Family Foundation Inc generated $162.8k 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 (5.2%) each year. All expenses for the organization totaled $475.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, James I Harrison Family Foundation Inc has awarded 402 individual grants totaling $8,629,843. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE PROGRAM (PROVIDING SUPPORT TO 33 CHARITABLE ORGANIZATIONS IN THE TOTAL AMOUNT OF $437,750).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy T Harrison Director | 1 | $0 | |
Lazard Freres Co Llc Trustee | 15 | $31,268 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,045 |
| Dividends & Interest | $116,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,972 |
| Capital Gain Net Income | $44,972 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $162,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,268 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $249 |
| Total operating and administrative expenses | $37,762 |
| Contributions, gifts, grants paid | $437,750 |
| Total expenses and disbursements | $475,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,144 |
| Savings and temporary cash investments | $233,769 |
| Net Accounts receivable | $595 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,201 |
| Total assets | $5,044,879 |
| 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, The James I Harrison Family Foundation Inc has awarded $759,750 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF WEST ALABAM PURPOSE: CHARITABLE | $2,000 |
DCH FOUNDATION PURPOSE: CHARITABLE | $12,500 |
WEST ALABAMA FOOD BANK PURPOSE: CHARITABLE | $5,000 |
HOSPICE OF WEST ALABAMA PURPOSE: CHARITABLE | $15,000 |
ST FRANCIS CATHOLIC CHURCH PURPOSE: CHARITABLE | $15,000 |
CHILDREN'S HANDS ON MUSEUM PURPOSE: CHARITABLE | $2,500 |