Jimmy Rane Foundation

Organization Overview

Jimmy Rane Foundation is located in Abbeville, AL. The organization was established in 2002. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jimmy Rane 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 09/2022, Jimmy Rane Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. While expenses have increased by 4.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS AND STRENGHTHEN COMMUNITIES THROUGH EDUCATION PROJECTS AND GRANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTED COLLEGE SCHOLARSHIPS


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Board, Officers & Key Employees

Name (title)Compensation
James W Rane
President/director
$0
Justin Wright
Treasurer/director
$0
Gene Woodham
Secretary/director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,138,074
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$223,350
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,361,424
Total Program Service Revenue$0
Investment income $152,988
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $315,671
Net Income from Fundraising Events $55,475
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,885,558

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Jimmy Rane Foundation has recieved totaling $12,500.

Awarding OrganizationAmount
Maynard Cooper & Gale Charitable Foundation

Birmingham, AL

PURPOSE: SPONSOR JIMMY RANE CHARITY GOLF TOURNAMENT

$12,500
View Grant Recipient Profile

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