Tractor And Equipment Company Foundation

Organization Overview

Tractor And Equipment Company Foundation is located in Birmingham, AL. The organization was established in 1978. 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. Tractor And Equipment Company 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 12/2022, Tractor And Equipment Company Foundation generated $50.0k 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 (12.9%) each year. All expenses for the organization totaled $90.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Tractor And Equipment Company Foundation has awarded 70 individual grants totaling $510,929. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP PROGRAM (PROVIDING VARIOUS SCHOLARSHIPS TO A TOTAL OF 10 STUDENTS AT VARIOUS UNIVERSITIES IN THE TOTAL AMOUNT OF $73,454)


CHARITABLE PROGRAM (PROVIDING SUPPORT TO A TOTAL OF 6 CHARITABLE ORGANIZATIONS IN THE TOTAL AMOUNT OF $17,000)


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Board, Officers & Key Employees

Name (title)Compensation
Jamie Steele
Secretary/treasurer
$0
James Stracener
President
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $50,000
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $50,000

Grants Awarded

Over the last fiscal year, Tractor And Equipment Company Foundation has awarded $90,454 in support to 16 organizations.

Grant RecipientAmount

TROY UNIVERSITY

PURPOSE: SCHOLARSHIP

$15,890

AUBURN UNIVERSITY

PURPOSE: SCHOLARSHIP

$15,227

UNIVERSITY OF CALIFORNIA - REGENTS

PURPOSE: SCHOLARSHIP

$13,652

JEFFERSON STATE COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIP

$6,840

UNIVERSITY OF NORTH ALABAMA

PURPOSE: SCHOLARSHIP

$5,000

Arlington, VA

PURPOSE: TO HELP MOMS HAVE FULL-TERM PREGNANCIES AND RESEARCH THE PROBLEMS THAT THREATEN THE HEALTH OF BABIES

$5,000
View Grant Profile

Peer Organizations

Organization NameAssets
Joe C Davis Foundation
Nashville, TN
$6,182,733
Fraser-Parker Foundation
Atlanta, GA
$14,099,479
Paces Foundation Inc
Smyrna, GA
$9,603,919
Ds Foundation
Miami, FL
$1,385,395
The Ma-Ran Foundation
Atlanta, GA
$4,938,726
Day Foundation
Memphis, TN
$13,711,953
Clayton Family Foundation
Knoxville, TN
$17,391,150
G Harbaugh Foundation
Franklin, TN
$12,393,056
Altec-Styslinger Foundation Inc
Birmingham, AL
$25,360,360
Elizabeth Morse Genius Foundation
Winter Park, FL
$11,233,005
Daniel Foundation Of Alabama
Birmingham, AL
$11,135,386
Lyndhurst Foundation Inc
Chattanooga, TN
$17,356,041

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