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Nonprofiteer
← COMMUNITY FOUNDATION OF SOUTH ALABAMA

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF SOUTH ALABAMA.

Totals

Total revenue
$13,832,856
Total expenses
$10,637,098
Contributions and grants received
$6,161,172
Grants paid
$7,849,006
Program service revenue
$0
Investment income
$6,363,357
Other revenue
$1,308,327
Total assets, end of year
$119,509,085
Total liabilities, end of year
$2,127,375
Net assets or fund balances, end of year
$117,381,710
Program services expenses (Part IX)
$9,660,032
Management and general expenses
$594,017
Fundraising expenses
$383,049
Program service expenses (Part III)
$9,660,032

Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,161,172

  • 3 · Investment income

    total $2,653,023 · excluded $2,653,023

  • 7a · Gross sales of assets other than inventory

    securities $8,330,309

  • 7b · Less cost or other basis and sales expenses

    securities $4,619,975

  • 7c · Gain or loss

    securities $3,710,334

  • 7d · Net gain or loss

    total $3,710,334 · excluded $3,710,334

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $1,246,045 · related or exempt $1,246,045

  • 11b · Other revenue: SPECIAL EVENT INCOME

    total $40,249 · related or exempt $40,249

  • 11c · Other revenue: OTHER INCOME

    total $22,033 · related or exempt $22,033

  • 11e · Other revenue, total

    $1,308,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,849,006 · program services $7,849,006

  • 7 · Other salaries and wages

    total $826,225 · program services $281,700 · management and general $221,823 · fundraising $322,702

  • 11a · Fees: management

    total $105,670 · program services $3,227 · management and general $93,332 · fundraising $9,111

  • 11c · Fees: accounting

    total $48,140 · program services $48,140

  • 11f · Fees: investment management

    total $48,210 · management and general $48,210

  • 13 · Office expenses

    total $4,828 · program services $1,780 · management and general $1,247 · fundraising $1,801

  • 14 · Information technology

    total $83,428 · program services $26,796 · management and general $27,423 · fundraising $29,209

  • 16 · Occupancy

    total $57,433 · program services $30,745 · management and general $13,950 · fundraising $12,738

  • 17 · Travel

    total $2,942 · program services $1,000 · management and general $794 · fundraising $1,148

  • 19 · Conferences, conventions and meetings

    total $50,395 · program services $47,314 · management and general $2,856 · fundraising $225

  • 20 · Interest

    total $94,042 · management and general $94,042

  • 22 · Depreciation, depletion and amortization

    total $19,191 · management and general $19,191

  • 23 · Insurance

    total $36,531 · program services $27,398 · management and general $7,785 · fundraising $1,348

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $1,246,045 · program services $1,246,045

  • 24b · Other expenses: RENT EXPENSE

    total $125,001 · program services $93,750 · management and general $26,638 · fundraising $4,613

  • 24c · Other expenses: OTHER

    total $40,011 · program services $3,131 · management and general $36,726 · fundraising $154

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,035,298 · end of year $631,923

  • 3 · Pledges and grants receivable

    beginning of year $8,380 · end of year $6,850

  • 4 · Accounts receivable

    beginning of year $1,230 · end of year $201,695

  • 7 · Other notes and loans receivable

    beginning of year $2,564,450 · end of year $2,564,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,982 · end of year $54,970

  • 10a · Land, buildings and equipment: cost or other basis

    $442,202

  • 10b · Land, buildings and equipment: accumulated depreciation

    $175,314

  • 10c · Land, buildings and equipment, net

    beginning of year $275,156 · end of year $266,888

  • 11 · Investments: publicly traded securities

    beginning of year $107,143,585 · end of year $115,741,646

  • 12 · Investments: other securities

    beginning of year $256,789 · end of year $40,663

  • 15 · Other assets

    beginning of year $21,400 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,481 · end of year $70,912

  • 18 · Grants payable

    beginning of year $279,650 · end of year $166,267

  • 23 · Secured mortgages and notes payable

    beginning of year $1,960,524 · end of year $1,885,459

  • 25 · Other liabilities

    beginning of year $19,394 · end of year $4,737

  • 27 · Net assets without donor restrictions

    beginning of year $108,976,105 · end of year $117,341,570

  • 28 · Net assets with donor restrictions

    beginning of year $41,116 · end of year $40,140

Mission and programs · 2024

Mission

THE COMMUNITY FOUNDATION OF SOUTH ALABAMA SEEKS TO BUILD PERMANENT ENDOWMENTS FOR THE LONG RANGE FUTURE OF THE REGION IT SERVES AND TO DRAW FROM THE STRENGTHS OF THE REGION'S DIVERSE POPULATION IN DESIGNING AND FUNDING INNOVATIVE PROGRAMS WHICH MEET COMMUNITY NEEDS. SERVING AS RESPONSIBLE STEWARDS OF THESE FUNDS, THE FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS IN THE FIELDS OF ARTS AND CULTURE, CIVIC AND COMMUNITY, ANTI-CRIME AND ABUSE, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RECREATION. THE FOUNDATION'S MISSION STATEMENT IS AS FOLLOWS: "THE COMMUNITY FOUNDATION OF SOUTH ALABAMA ASSEMBLES AND DIRECTS PHILANTHROPIC ASSETS TO MAKE SOUTHWEST ALABAMA A BETTER PLACE."

  • THE FOUNDATION'S PROGRAM SERVICE ACTIVITY CONSISTS OF AWARDING GRANTS TO VARIOUS NON-PROFIT CHARITABLE ORGANIZATIONS, BASED ON BOARD OF DIRECTORS' APPROVAL AND CATEGORIES AS REQUESTED BY DONORS. CATEGORIES INCLUDE ANTI-CRIME AND ABUSE, ARTS AND CULTURE, CIVIC AND COMMUNITY, EDUCATION, ENVIRONMENTAL,HEALTH, HUMAN SERVICES, AND RECREATION. A DETAILED SCHEDULE OF GRANTS PAID CAN BE FOUND IN SCHEDULE I.

    Expenses $9,660,032 · Grants $7,849,006

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anna Goldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Audra Harper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Chip Harrigan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Emilee Waters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • John Bedsole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Kay Lett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Lee Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Marietta Urquhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Marshall Shields

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Monica Motley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ricardo Woods

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ryan Damrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • S Wesley Carpenter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Peter Susman

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Aryne Hudson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Virginia McNeil O'Brien

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Edward Norfleet Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Jerod Pilot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Jamey Sandifer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ed Douglas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Micah Wheeler

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Rebecca D Byrne

    PRESIDENT

    Total calculated
    $155,000
    From this org
    $146,300
    From related orgs
    $0
    Other
    $8,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,300
    Bonus
    $0
    Other
    $0
    Deferred
    $6,200
    Nontaxable benefits
    $2,500
    Filer's total
    $155,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • EDUCATION FOCUS GROUPS

    $3,964,517

    EDUCATION

  • CIVIC AND COMMUNITY

    $2,293,610

    CIVIC AND COMMUNITY

  • HEALTH FOCUS GROUP

    $598,861

    HEALTH

  • HUMAN SERVICES FOCUS GROUP

    $516,641

    HUMAN SERVICES

  • ARTS & CULTURE FOCUS GROUP

    $438,975

    ARTS & CULTURE

  • ENVIRONMENT FOCUS GROUP

    $234,602

    ENVIROMENTAL & ANIMALS

  • ANTI-CRIMEABUSE GROUP

    $64,550

    ANTI CRIME/ABUSE

  • RECREATION FOCUS GROUP

    $59,074

    RECREATION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CFSA PROPERTIES I LLC

    CHARITY · AL

    Directly controlled by COMMUNTY FOUNDATION OF SOUTH ALABAMA

  • CFSA PROPERTIES II LLC

    CHARITY · AL

    Directly controlled by COMMUNTY FOUNDATION OF SOUTH ALABAMA

  • CFSA PROPERTIES III LLC

    CHARITY · AL

    Directly controlled by COMMUNTY FOUNDATION OF SOUTH ALABAMA

Provenance

Return type
form_990
Tax year
2024
Filed
26 May 2026
IRS schema version
2024v5.5
Source object
202602029349301220

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