Hearin-Chandler Foundation
- Assets
- $35.3m
- Revenue
- $2.8m
- Investments
- $34.9m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 07/1971
- Data as of
- 12/2022
- EIN
- 63-6075470
Organization Overview
Hearin-Chandler Foundation is located in Mobile, AL. The organization was established in 1971. 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. Hearin-Chandler 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 12/2022, Hearin-Chandler Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hearin-Chandler Foundation has awarded 243 individual grants totaling $21,931,000. 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 | $86 |
| Dividends & Interest | $1,144,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,617,089 |
| Capital Gain Net Income | $1,617,089 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $63,809 |
| Total Revenue | $2,825,818 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $290,966 |
| Other employee salaries and wages | $52,937 |
| Pension plans, employee benefits | $0 |
| Interest | $1,417 |
| Taxes | $85,409 |
| Depreciation | $2,093 |
| Occupancy | $20,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,409 |
| Total operating and administrative expenses | $800,921 |
| Contributions, gifts, grants paid | $2,685,000 |
| Total expenses and disbursements | $3,485,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,647 |
| Savings and temporary cash investments | $163,165 |
| Net Accounts receivable | $7,325 |
| 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 | $14,490,925 |
| Net Land, buildings, and equipment | $48,309 |
| Other assets | $27,969 |
| Total assets | $35,310,607 |
| 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, Hearin-Chandler Foundation has awarded $7,747,500 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA COASTAL FOUNDATION PURPOSE: OPERATING | $50,000 |
ALABAMA KIDNEY FOUNDATION PURPOSE: OPERATING | $10,000 |
ALABAMA SCHOOL OF MATH AND SCIENCE PURPOSE: OPERATING | $75,000 |
ALABAMA SHAKESPEARE FESTIVAL PURPOSE: OPERATING | $50,000 |
AMERICAN CANCER SOCIETY PURPOSE: OPERATING | $10,000 |
AMERICAN RED CROSS PURPOSE: OPERATING | $5,000 |