Tractor And Equipment Company Foundation
- Assets
- $35.4k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/1978
- Data as of
- 12/2023
- EIN
- 63-0718825
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 12/2023, Tractor And Equipment Company Foundation generated $100.0k 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 (17.4%) each year. All expenses for the organization totaled $117.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tractor And Equipment Company Foundation has awarded 69 individual grants totaling $498,472. 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
SCHOLARSHIP PROGRAM (PROVIDING VARIOUS SCHOLARSHIPS TO A TOTAL OF 10 STUDENTS AT VARIOUS UNIVERSITIES IN THE TOTAL AMOUNT OF $89,535)
CHARITABLE PROGRAM (PROVIDING SUPPORT TO A TOTAL OF 6 CHARITABLE ORGANIZATIONS IN THE TOTAL AMOUNT OF $24,500)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stracener President | 0.5 | $0 | |
Jamie Steele Secretary/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| 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 | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,833 |
| Contributions, gifts, grants paid | $114,035 |
| Total expenses and disbursements | $117,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,366 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,366 |
| 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, Tractor And Equipment Company Foundation has awarded $114,035 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FBO CONNOR COX PURPOSE: SCHOLARSHIP | $15,000 |
BIRMINGHAM ZOO PURPOSE: SUOPORTING THE PROTECTION AND PRESERVATION OF ENDANGERED ANIMALS AND PROMOTION OF CONSERVATION. | $1,000 |
CHRIS SIMER PURPOSE: SCHOLARSHIP - BOOK REIMBURSEMENT | $703 |
FAULKNER UNIVERSITY FBO MANDA BOOTH PURPOSE: SCHOLARSHIP | $11,406 |
FRIENDS OF ODENVILLE PUBLIC LIBRARY PURPOSE: SUPPORTING PUBLIC LIBRARY | $2,500 |
MARCH OF DIMES PURPOSE: TO HELP MOMS HAVE FULL-TERM PREGNANCIES AND RESEARCH THE PROBLEMS THAT THREATEN THE HEALTH OF BABIES | $5,000 |