Caring Foundation
- Assets
- $71.0m
- Revenue
- $5.4m
- Investments
- $67.7m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 63-1035261
Organization Overview
Caring Foundation is located in Birmingham, AL. The organization was established in 1991. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Caring 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 12/2021, Caring Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $9.9m during the year ending 12/2021. While expenses have increased by 20.6% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Stevens Chairman | 0.5 | $0 | |
Timothy Vines President, Ceo, & Board Member | 0.5 | $0 | |
Michael L Patterson Secretary | 0.5 | $0 | |
Marvell Bivins Jr Board Member | 0.5 | $0 | |
C Denson Henry Board Member | 0.5 | $0 | |
Jeffery M St Clair Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $79 |
| Dividends & Interest | $1,813,287 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,579,591 |
| Capital Gain Net Income | $3,579,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,278 |
| Total Revenue | $5,434,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,818 |
| Total operating and administrative expenses | $264,306 |
| Contributions, gifts, grants paid | $9,614,331 |
| Total expenses and disbursements | $9,878,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,298,013 |
| 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 | $70,981,159 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Caring Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Baptist Health Foundation Of Birmingham Inc Birmingham, AL PURPOSE: BIRMINGHAM IRON KIDS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |