Fred Schelben Foundation
- Assets
- $226.3k
- Revenue
- $16.9k
- Investments
- $220.8k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 02/1960
- Data as of
- 04/2024
- 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 04/2024, Fred Schelben Foundation generated $16.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $14.6k during the year ending 04/2024. 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
2024
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 | $2,940 | |
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 | $7,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,529 |
| Capital Gain Net Income | $9,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $214 |
| Total Revenue | $16,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,940 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $83 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,023 |
| Contributions, gifts, grants paid | $10,550 |
| Total expenses and disbursements | $14,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,489 |
| 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 | $220,763 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $226,252 |
| 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, Fred Schelben Foundation has awarded $10,550 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GREENVILLE JUNIOR AUXILIARY PURPOSE: GENERAL OPERATING | $850 |
DELTA'S CHILDREN MUSEUM PURPOSE: GENERAL OPERATING | $800 |
HODDING CARTER MEMORIAL YMCA PURPOSE: GENERAL OPERATING | $1,000 |
MISSISSIPPI KIDNEY FOUNDATION PURPOSE: GENERAL OPERATING | $100 |
DELTA CENTER STAGE PURPOSE: GENERAL OPERATING | $250 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING | $600 |