Austin L & Nell S Venable
- Assets
- $474.5k
- Revenue
- $13.5k
- Investments
- $458.7k
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 06/1990
- Data as of
- 06/2023
- EIN
- 63-6158945
Organization Overview
Austin L & Nell S Venable is located in Montgomery, AL. The organization was established in 1990. 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. Austin L & Nell S Venable 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 06/2023, Austin L & Nell S Venable generated $13.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $10.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $12,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,350 |
| Capital Gain Net Income | $1,350 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,517 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $716 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,778 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,790 |
| 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 | $458,685 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $474,475 |
| 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, Austin L & Nell S Venable has awarded $30,006 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA PURPOSE: EDUCATIONAL SCHOLARSHIP | $20,004 |
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: EDUCATIONAL SCHOLARSHIP | $10,002 |