Fred Schelben Foundation
- Assets
- $0.0
- Revenue
- $11.9k
- Investments
- $224.0k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/1960
- Data as of
- 04/2021
- EIN
- 64-6143417
Organization Overview
Fred Schelben Foundation is located in Birmingham, AL. The organization was established in 1960. 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. Fred Schelben 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 04/2021, Fred Schelben Foundation generated $11.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $16.0k during the year ending 04/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regions Bank Trustee | 1 | $3,316 | |
Curtis Buchanan Co-Trustee | 0 | $0 | |
Walter Barr Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,250 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,316 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $4,503 |
| Contributions, gifts, grants paid | $11,500 |
| Total expenses and disbursements | $16,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $223,984 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fred Schelben Foundation has awarded $11,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Greenville, MS PURPOSE: GENERAL OPERATING | $2,400 |
BOYS AND GIRLS CLUB OF WASHINGTON PURPOSE: GENERAL OPERATING | $2,200 |
Greenville, MS PURPOSE: GENERAL OPERATING | $1,000 |
Greenviile, MS PURPOSE: GENERAL OPERATING | $1,000 |
EDUCATION FOUNDATION OF GREENVILLE INC PURPOSE: GENERAL SUPPORT | $1,000 |
GREENVILLE JUNIOR AUXILIARY PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |