Altec-Styslinger Foundation Inc
- Assets
- $128.3m
- Revenue
- $25.4m
- Investments
- $122.0m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 72-1372302
Organization Overview
Altec-Styslinger Foundation Inc is located in Birmingham, AL. The organization was established in 1998. 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. Altec-Styslinger Foundation Inc 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, Altec-Styslinger Foundation Inc generated $25.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $8.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Altec-Styslinger Foundation Inc has awarded 598 individual grants totaling $17,778,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen W Ritchie Secretary | 1 | $0 | |
Lee J Styslinger III Director | 1 | $0 | |
Lee J Styslinger Jr Dec 102421 Chairman | 1 | $0 | |
Mark Styslinger Director | 1 | $0 | |
Jon Styslinger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,050,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,682,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,617,908 |
| Capital Gain Net Income | $3,617,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,083 |
| Total Revenue | $25,360,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $261,994 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $996,801 |
| Total operating and administrative expenses | $1,364,342 |
| Contributions, gifts, grants paid | $7,361,936 |
| Total expenses and disbursements | $8,726,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,392,283 |
| Savings and temporary cash investments | $4,880,208 |
| 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 | $29,550,938 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $128,305,509 |
| 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, Altec-Styslinger Foundation Inc has awarded $7,361,936 in support to 184 organizations.
| Grant Recipient | Amount |
|---|---|
PROSPER BIRMINGHAM LLC - BIRMINGHAM PROMISE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,500,000 |
UAB PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,000,000 |
BROWN UNIVERSITY DIVISION OF ADVANCEMENT PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $750,000 |
Birmingham, AL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $500,000 |
HARVARD BUSINESS SCHOOL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $350,000 |
WEST PALM BEACH GOLF PARK PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |