Echo Foundation
- Assets
- $1.3m
- Revenue
- $41.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1980
- Data as of
- 03/2023
- EIN
- 63-0748959
Organization Overview
Echo Foundation is located in Birmingham, AL. The organization was established in 1980. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echo 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 03/2023, Echo Foundation generated $41.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $105.5k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Echo Foundation has awarded 25 individual grants totaling $233,407. 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 Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO ENGAGE IN THE RESEARCH AND TREATMENT OF DISORDERS INVOLVING HEARING, SPEECH, AND LANGUAGE FOR THE HEARING IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECHO FOUNDATION PAYS FOR MEDICAL DEVICES TO ASSIST WITH THE HEARING IMPAIRED. FOR THE TAX YEAR ENDED MARCH 31, 2018, A LOSS CLAIM WAS PAID FOR ONE CANDIDATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis G Pappas Sr Director | 4 | $0 | |
Dennis G Pappas Jr Director | 2 | $0 | |
Lloyd Rotton Director | 1 | $0 | |
Bryant Rotton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $207 |
| Dividends & Interest | $51,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,875 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,078 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,178 |
| Total operating and administrative expenses | $23,075 |
| Contributions, gifts, grants paid | $82,407 |
| Total expenses and disbursements | $105,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,361 |
| Savings and temporary cash investments | $61,542 |
| 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 | $1,255,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,328,020 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $500 |
Grants Awarded
Over the last fiscal year, Echo Foundation has awarded $82,407 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HER CHOICE PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $5,000 |
HOLY TRINITY HOLY CROSS GREEK ORTHODOX CATHEDRAL PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $5,000 |
RAINBOW OMEGA PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $5,000 |
ST ROSE ACADEMY PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $8,000 |
ST ROSE ACADEMY PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $7,000 |
REYNOLDS-FINLEY HISTORICAL LIBRARY PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $50,000 |