The Seamens Foundation
- Assets
- $832.2k
- Revenue
- $105.8k
- Investments
- $799.8k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/1974
- Data as of
- 12/2021
- EIN
- 63-6018610
Organization Overview
The Seamens Foundation is located in Birmingham, AL. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Seamens 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, Seamens Foundation generated $105.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $37.3k during the year ending 12/2021. While expenses have increased by 21.5% 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.
Since 2016, Seamens Foundation has awarded 22 individual grants totaling $138,750. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regions Bank Trust Dept Trustee | 1 | $8,229 | |
Michael B Lee Board Member | 2 | $0 | |
J Edgar Brister Secretary/ Treas Board Member | 2 | $0 | |
Andrew A Saunders Pres And Board Member | 2 | $0 | |
Patrick J Wilson Board Member | 2 | $0 | |
D R Jordan V Pres And Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,224 |
| Capital Gain Net Income | $82,224 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,806 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,229 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $258 |
| Total operating and administrative expenses | $10,529 |
| Contributions, gifts, grants paid | $26,750 |
| Total expenses and disbursements | $37,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,409 |
| 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 | $799,828 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $832,237 |
| 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 Awarded
Over the last fiscal year, The Seamens Foundation has awarded $26,750 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Mobile, AL PURPOSE: GENERAL OPERATING | $10,000 |
THE CATHOLIC MARITIME CLUB PURPOSE: GENERAL OPERATING | $8,000 |
BUCKAROO FOUNDATION INC PURPOSE: GENERAL OPERATING | $5,000 |
THE PROPELLER CLUB OF MOBILE PURPOSE: GENERAL OPERATING | $3,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Oakwood Foundation Charitable Tr Tupelo, MS | $13,916,638 | $13,351,239 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Grizzard Family Foundation Inc Stone Mountain, GA | $7,597,688 | $166,630 |
Lattner Family Foundation Inc Delray Beach, FL | $83,049,454 | $6,453,485 |