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Nonprofiteer
← COMMUNITY FOUNDATION OF NORTHEAST ALABAMA

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF NORTHEAST ALABAMA.

Totals

Total revenue
$19,372,689
Total expenses
$5,278,516
Contributions and grants received
$11,364,176
Grants paid
$1,855,723
Program service revenue
$1,042,385
Investment income
$6,201,391
Other revenue
$764,737
Total assets, end of year
$71,361,003
Total liabilities, end of year
$4,317,273
Net assets or fund balances, end of year
$67,043,730
Program services expenses (Part IX)
$4,468,699
Management and general expenses
$549,916
Fundraising expenses
$259,901
Program service expenses (Part III)
$4,468,699

Program services were 84.7% 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

    $11,364,176

  • 1g · Noncash contributions included above

    $200

  • 2a · Program service revenue: ADMIN & PROJECT FEE

    total $1,042,385 · related or exempt $1,042,385

  • 3 · Investment income

    total $1,277,705 · related or exempt $1,277,705

  • 6a · Gross rents

    real property $791,687

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $791,687

  • 6d · Net rental income or loss

    total $791,687 · related or exempt $791,687

  • 7a · Gross sales of assets other than inventory

    securities $8,386,433

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

    securities $3,462,747

  • 7c · Gain or loss

    securities $4,923,686

  • 7d · Net gain or loss

    total $4,923,686 · related or exempt $4,923,686

  • 11a · Other revenue: OTHER INCOME

    total $5,315 · unrelated business $1,500 · excluded $3,815

  • 11b · Other revenue: UNREALIZED GAIN ON SPLIT-INTEREST

    total -$32,265 · excluded -$32,265

  • 11e · Other revenue, total

    -$26,950

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,661,422 · program services $1,661,422

  • 2 · Grants to domestic individuals

    total $194,301 · program services $194,301

  • 5 · Compensation of officers, directors and key employees

    total $248,860 · program services $156,838 · management and general $41,322 · fundraising $50,700

  • 7 · Other salaries and wages

    total $733,329 · program services $597,519 · management and general $99,986 · fundraising $35,824

  • 8 · Pension plan contributions

    total $62,153 · program services $45,994 · management and general $9,323 · fundraising $6,836

  • 9 · Other employee benefits

    total $262,244 · program services $214,763 · management and general $36,855 · fundraising $10,626

  • 10 · Payroll taxes

    total $76,606 · program services $58,481 · management and general $11,705 · fundraising $6,420

  • 11b · Fees: legal

    total $21,605 · program services $7,994 · management and general $13,179 · fundraising $432

  • 11c · Fees: accounting

    total $44,003 · program services $16,281 · management and general $26,842 · fundraising $880

  • 11g · Fees: other

    total $192,464 · program services $166,082 · management and general $23,076 · fundraising $3,306

  • 12 · Advertising and promotion

    total $12,426 · program services $10,024 · management and general $1,450 · fundraising $952

  • 16 · Occupancy

    total $21,116 · program services $16,371 · management and general $3,041 · fundraising $1,704

  • 17 · Travel

    total $44,093 · program services $39,662 · management and general $2,513 · fundraising $1,918

  • 19 · Conferences, conventions and meetings

    total $40,763 · program services $29,558 · management and general $7,373 · fundraising $3,832

  • 22 · Depreciation, depletion and amortization

    total $81,183 · program services $65,109 · management and general $11,999 · fundraising $4,075

  • 23 · Insurance

    total $11,633 · program services $6,084 · management and general $4,904 · fundraising $645

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $1,014,174 · program services $661,850 · management and general $232,550 · fundraising $119,774

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $427,961 · program services $427,961

  • 24c · Other expenses: EQUIPMENT AND SUPPLIES

    total $48,441 · program services $35,818 · management and general $8,212 · fundraising $4,411

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $42,179 · program services $30,690 · management and general $7,884 · fundraising $3,605

  • 24e · All other expenses

    total $37,560 · program services $25,897 · management and general $7,702 · fundraising $3,961

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,537 · end of year $367,535

  • 2 · Savings and temporary cash investments

    beginning of year $1,392,126 · end of year $10,478,124

  • 4 · Accounts receivable

    beginning of year $6,859 · end of year $100,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,685 · end of year $6,887

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

    $3,355,100

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

    $1,083,631

  • 10c · Land, buildings and equipment, net

    beginning of year $2,352,653 · end of year $2,271,469

  • 11 · Investments: publicly traded securities

    beginning of year $45,577,916 · end of year $53,792,617

  • 12 · Investments: other securities

    beginning of year $2,499,997 · end of year $4,283,738

  • 15 · Other assets

    beginning of year $55,317 · end of year $60,633

  • 17 · Accounts payable and accrued expenses

    beginning of year $77,592 · end of year $106,694

  • 18 · Grants payable

    beginning of year $415,631 · end of year $504,877

  • 25 · Other liabilities

    beginning of year $3,248,615 · end of year $3,705,702

  • 27 · Net assets without donor restrictions

    beginning of year $14,099,426 · end of year $16,248,389

  • 28 · Net assets with donor restrictions

    beginning of year $34,447,826 · end of year $50,795,341

Mission and programs · 2022

Mission

TO ACHIEVE POSITIVE CHANGE THROUGH THE GENEROSITY OF DONORS, NOW AND FOR GENERATIONS TO COME

  • THE ORGANIZATION PROVIDED DIRECT SUPPORT TO QUALIFIED 501(C)(3) ORGANIZATIONS AND SCHOLARSHIP SUPPORT TO QUALIFED EDUCATIONAL INSTITUTIONS LOCATED PRIMARILY IN NORTHEAST ALABAMA. THE ORGANIZATION ALSO PROVIDED DIRECT PURCHASING IN RELATION TO CHARITABLE ACTIVITIES.

    Expenses $4,468,699 · Grants $1,855,723 · Revenue $8,035,463

As filed on the 2022 return.

Listed in Part VII

  • Al Shumaker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Cook

    TRUSTEE & GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Blair Goodgame

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Rochester

    BOARD VICE-CHAIR & NOMINATING COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anna Berry

    BOARD TREASURER & F/I COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Ammons

    BOARD SECRETARY & AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Reuben Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nanda Patel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Baker

    TRUSTEE & SCHOLARSHIPS COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jack Swift

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gloria Bennett

    TRUSTEE & GRANTS COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pat Borstorff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacquie Tessen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wes Mobley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer S Maddox

    PRESIDENT & CEO

    Total calculated
    $205,161
    From this org
    $170,796
    From related orgs
    $0
    Other
    $34,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,000
    Bonus
    $0
    Other
    $1,796
    Deferred
    $16,900
    Nontaxable benefits
    $17,465
    Filer's total
    $205,161

  • Deborah Pfledderer

    CFO

    Total calculated
    $113,042
    From this org
    $80,955
    From related orgs
    $0
    Other
    $32,087
    Hours/week
    40

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 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • CFNEA REAL ESTATE HOLDING LLC

    REAL ESTATE · AL · assets $514,906

Provenance

Return type
form_990
Tax year
2022
Filed
20 February 2024
IRS schema version
2022v5.0
Source object
202440539349300429

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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