Southern Company Charitable Foundation Inc
- Assets
- $133.1m
- Revenue
- $27.8m
- Investments
- $113.8m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 58-2514027
Organization Overview
Southern Company Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Southern Company Charitable 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 12/2021, Southern Company Charitable Foundation Inc generated $27.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $60.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Southern Company Charitable Foundation Inc has awarded 543 individual grants totaling $142,576,815. 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
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Earnest Partners | 12/30/21 | $129,982 |
Ofi Dev | 12/30/21 | $159,390 |
Suntrust | 12/30/21 | $88,390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,000,000 |
| Interest on Savings | $360 |
| Dividends & Interest | $1,714,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,102,429 |
| Capital Gain Net Income | $8,102,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,437 |
| Total Revenue | $27,836,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,966 |
| Taxes | $207,648 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $151,245 |
| Total operating and administrative expenses | $925,021 |
| Contributions, gifts, grants paid | $59,129,948 |
| Total expenses and disbursements | $60,054,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,241,438 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $18,000,000 |
| 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 | $17,550 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,186,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $79,368 |
| Total assets | $133,098,319 |
| Accounts payable and accrued expenses | $124,050 |
| Grants payable | $48,879,730 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $125,700 |
| Total liabilities | $49,129,480 |
Grants Awarded
Over the last fiscal year, Southern Company Charitable Foundation Inc has awarded $68,704,820 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATION FARM PURPOSE: FUTURE COMMITMENT 3 YEAR PLEDGE OF SUPPORT | $15,000,000 |
Atlanta, GA PURPOSE: FUTURE COMMITMENT 3 YEAR PLEDGE OF SUPPORT | $12,000,000 |
EDUCATION FARM PURPOSE: FIRST PAYMENT OF A 3 YEAR PLEDGE. PROPEL CENTER: GLOBAL HBCU CAMPUS FOR INNOVATIVE LEARNING | $10,000,000 |
INROADS INC PURPOSE: FUTURE COMMITMENT - 3 YEAR PLEDGE TO SUPPORT HBCU | $6,000,000 |
Atlanta, GA PURPOSE: 7TH OF 9 YEAR PLEDGE | $4,000,000 |
INROADS INC PURPOSE: FIRST PAYMENT OF 3 YEAR PLEDGE TO SUPPORT HBCU SUSTAINABLE COMMUNITIES INITIATIVE | $4,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |