Collat Family Foundation Inc
- Assets
- $13.9m
- Revenue
- $472.5k
- Investments
- $10.5m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/1966
- Data as of
- 11/2022
- EIN
- 63-0505982
Organization Overview
Collat Family Foundation Inc is located in Birmingham, AL. The organization was established in 1966. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Collat 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 11/2022, Collat Family Foundation Inc generated $472.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $737.6k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Collat Family Foundation Inc has awarded 42 individual grants totaling $2,760,000. 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 |
|---|---|---|---|
Nancy C Goedecke President | 0 | $0 | |
Charles A Collat Jr Secretary And Treasurer | 0 | $0 | |
Susan W Collat Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $3,296 |
| Dividends & Interest | $347,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$378,276 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $472,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,662 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,964 |
| Total operating and administrative expenses | $122,598 |
| Contributions, gifts, grants paid | $615,000 |
| Total expenses and disbursements | $737,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,443,976 |
| 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 | $337,551 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,944,632 |
| 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, Collat Family Foundation Inc has awarded $975,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS OF CENTRAL AL PURPOSE: DISCRETIONARY | $200,000 |
ALABAMA HOLOCAUST EDUCATION CENTER PURPOSE: DISCRETIONARY | $100,000 |
BIRMINGHAM ZOO PURPOSE: DISCRETIONARY | $25,000 |
BIRMINGHAM JEWISH FEDERATION PURPOSE: DISCRETIONARY | $75,000 |
BOY SCOUTS OF AMERICA PURPOSE: DISCRETIONARY | $100,000 |
RAILROAD PARK FOUNDATION PURPOSE: DISCRETIONARY | $100,000 |