The Thomas E Jernigan Foundation
- Assets
- $12.1m
- Revenue
- $589.8k
- Investments
- $12.0m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 01/1987
- Data as of
- 03/2024
- EIN
- 63-0935852
Organization Overview
The Thomas E Jernigan Foundation is located in Birmingham, AL. The organization was established in 1987. 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. Thomas E Jernigan 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 03/2024, Thomas E Jernigan Foundation generated $589.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 63.9% each year . All expenses for the organization totaled $943.3k during the year ending 03/2024. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thomas E Jernigan Foundation has awarded 358 individual grants totaling $5,297,506. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,483 |
| Dividends & Interest | $328,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $260,213 |
| Capital Gain Net Income | $260,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $589,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,873 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,356 |
| Total operating and administrative expenses | $342,604 |
| Contributions, gifts, grants paid | $600,720 |
| Total expenses and disbursements | $943,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,689 |
| Savings and temporary cash investments | $147,295 |
| 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 | $175,443 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,140,959 |
| Accounts payable and accrued expenses | $49,891 |
| 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 | $49,891 |
Grants Awarded
Over the last fiscal year, The Thomas E Jernigan Foundation has awarded $600,720 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALTADENA VALLEY PRESBYTERIAN CHURCH PURPOSE: GENERAL FUND | $3,000 |
AMERICAN CANCER SOCIETY PURPOSE: FUND CANCER RESEARCH | $32,500 |
ALABAMA WILDLIFE FEDERATION PURPOSE: GENERAL FUND | $49,500 |
BIG OAK RANCH PURPOSE: GENERAL FUND | $50,000 |
BRIDGEWAYS PURPOSE: GENERAL FUND | $25,000 |
CASA OF JEFFERSON COUNTY PURPOSE: GENERAL FUND | $5,000 |