Community Foundation Of West Alabama
- Assets
- $16.7m
- Revenue
- $1.7m
- Investments
- $16.5m
- Employees
- 3
- Location
- Tuscaloosa, AL
- Founding
- 07/1999
- Data as of
- 12/2020
- EIN
- 63-1225003
Organization Overview
Community Foundation Of West Alabama is located in Tuscaloosa, AL. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of West Alabama employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of West Alabama 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 12/2020, Community Foundation Of West Alabama generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Community Foundation Of West Alabama has awarded 231 individual grants totaling $3,450,525. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER CHARITABLE, EDUCATIONAL, LITERARY, RELIGIOUS, SCIENTIFIC AND OTHER ENDEAVORS WITHIN THE WEST ALABAMA AREA AND TO ENABLE INDIVIDUALS AND ORGANIZATIONS TO PROVIDE FOR THE BETTERMENT OF THE COMMUNITY IN WHICH THEY RESIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRIST EPISCOPAL CHURCH
TUSCALOOSA COUNTY PARA FOUNDATION
THE UNIVERSITY OF ALABAMA
OTHER PROGRAM SERVICES INCLUDE GRANTS AND SCHOLARSHIPS TO VARIOUS CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Taylor President & CEO | OfficerTrustee | 20 | $45,008 |
Claude Edwards Chairman | OfficerTrustee | 2 | $0 |
Dr Barry Mason Secretary | OfficerTrustee | 2 | $0 |
Mary Bess Paluzzi Vice President | OfficerTrustee | 2 | $0 |
Lin Moore Treasurer | OfficerTrustee | 2 | $0 |
Sam Faucett Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $750,830 |
| Noncash contributions included in lines 1a–1f | $343,780 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $767,130 |
| Total Program Service Revenue | $0 |
| Investment income | $293,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$77,702 |
| Net Income from Fundraising Events | $675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,717,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,353 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,092 |
| Compensation of current officers, directors, key employees. | $21,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,381 |
| All other expenses | $2,338 |
| Total functional expenses | $1,181,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,525,508 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75 |
| Total assets | $16,669,868 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,686,117 |
| Total liabilities | $5,686,117 |
| Net assets without donor restrictions | $10,941,751 |
| Net assets with donor restrictions | $42,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,669,868 |
Grants Awarded
Over the last fiscal year, Community Foundation Of West Alabama has awarded $537,233 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA PURPOSE: GENERAL FUND | $66,900 |
CHRIST EPISCOPAL PURPOSE: GENERAL FUND | $52,800 |
TUSCALOOSA COUNTY PARA FOUNDATION PURPOSE: GENERAL FUND | $40,000 |
ST MARK METHODIST CHURCH PURPOSE: GENERAL FUND | $37,500 |
FIRST UNITED METHODIST CHURCH OF TUSCALOOSA PURPOSE: GENERAL FUND | $37,500 |
TRINITY PRESBYTERIAN CHURCH PURPOSE: GENERAL FUND | $36,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of West Alabama has recieved totaling $8,600.
| Awarding Organization | Amount |
|---|---|
Young Boozer Family Foundation Montgomery, AL PURPOSE: GENERAL CONTRIBUTIONS | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,200 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $1,200 |
Endowment Analysis
| Beg. Balance | $4,257,361 |
| Earnings | $595,084 |
| Admin Expense | $36,120 |
| Net Contributions | $200,600 |
| Grants | $45,276 |
| Ending Balance | $4,971,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
Create Foundation Inc Tupelo, MS | $145,002,531 | $17,703,695 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Mississippi Jackson, MS | $83,674,378 | $14,302,332 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |
Southwest Florida Community Foundation Inc Fort Myers, FL | $150,939,743 | $16,558,924 |
Community Foundation Of South Georgia Inc Thomasville, GA | $102,741,720 | $11,038,110 |