Form 990 for tax year 2025
Filed by WALKER AREA COMMUNITY FOUNDATION.
Totals
- Total revenue
- $44,773,202
- Total expenses
- $11,349,933
- Contributions and grants received
- $38,491,160
- Grants paid
- $7,964,996
- Program service revenue
- $0
- Investment income
- $6,270,577
- Other revenue
- $11,465
- Total assets, end of year
- $196,103,884
- Total liabilities, end of year
- $21,894
- Net assets or fund balances, end of year
- $196,081,990
- Program services expenses (Part IX)
- $10,281,188
- Management and general expenses
- $504,007
- Fundraising expenses
- $564,738
- Program service expenses (Part III)
- $10,281,188
Program services were 90.6% 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
$38,491,160
-
3 · Investment income
total $3,848,271 · excluded $3,848,271
-
7a · Gross sales of assets other than inventory
securities $2,422,306
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $2,422,306
-
7d · Net gain or loss
total $2,422,306 · unrelated business $2,422,306
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $11,465 · related or exempt $11,465
-
11e · Other revenue, total
$11,465
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,964,996 · program services $7,964,996
-
5 · Compensation of officers, directors and key employees
total $360,000 · program services $288,000 · management and general $54,000 · fundraising $18,000
-
7 · Other salaries and wages
total $760,499 · program services $608,399 · management and general $114,075 · fundraising $38,025
-
8 · Pension plan contributions
total $48,906 · program services $39,125 · management and general $7,336 · fundraising $2,445
-
9 · Other employee benefits
total $56,593 · program services $45,274 · management and general $8,489 · fundraising $2,830
-
10 · Payroll taxes
total $82,707 · program services $66,166 · management and general $12,406 · fundraising $4,135
-
11c · Fees: accounting
total $12,200 · management and general $12,200
-
11f · Fees: investment management
total $572,799 · program services $572,799
-
11g · Fees: other
total $445,778 · program services $357,223 · management and general $83,975 · fundraising $4,580
-
12 · Advertising and promotion
total $380,865 · program services $60,938 · fundraising $319,927
-
13 · Office expenses
total $100,467 · program services $36,168 · management and general $8,037 · fundraising $56,262
-
14 · Information technology
total $86,953 · program services $34,781 · management and general $26,086 · fundraising $26,086
-
16 · Occupancy
total $189,726 · program services $75,890 · management and general $56,918 · fundraising $56,918
-
17 · Travel
total $28,063 · program services $16,838 · management and general $9,822 · fundraising $1,403
-
22 · Depreciation, depletion and amortization
total $75,293 · program services $52,705 · management and general $3,765 · fundraising $18,823
-
23 · Insurance
total $121,976 · program services $12,197 · management and general $97,581 · fundraising $12,198
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $62,112 · program services $49,689 · management and general $9,317 · fundraising $3,106
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,747,826 · end of year $898,918
-
9 · Prepaid expenses and deferred charges
beginning of year $25,739 · end of year $25,739
-
10a · Land, buildings and equipment: cost or other basis
$27,782,758
-
10b · Land, buildings and equipment: accumulated depreciation
$1,165,672
-
10c · Land, buildings and equipment, net
beginning of year $5,491,442 · end of year $26,617,086
-
11 · Investments: publicly traded securities
beginning of year $144,660,573 · end of year $168,554,362
-
15 · Other assets
beginning of year $7,779 · end of year $7,779
-
17 · Accounts payable and accrued expenses
beginning of year $34,162 · end of year $21,894
-
27 · Net assets without donor restrictions
beginning of year $135,308,008 · end of year $167,423,082
-
28 · Net assets with donor restrictions
beginning of year $16,591,189 · end of year $28,658,908
Mission and programs · 2025
Mission
TO SERVE AS A NONPROFIT DEDICATED TO THE NURTURE AND ADVANCEMENT OF THE COMMUNITY THROUGH FORMING AND PRESERVING CHARITABLE CAPITAL, AND USING THE PROCEEDS OF THAT CAPITAL TO BETTER THE COMMUNITY AS A WHOLE.
-
WALKER AREA COMMUNITY FOUNDATION PROVIDES GRANTS TO PROMOTE THE COMMUNITY HEALTH AND SOCIAL WELFARE OF CITIZENS WITHIN THE AREA TRADITIONALLY SERVED BY THE WALKER COUNTY HOSPITAL OR AS RECOMMENDED BY FUND ADVISORS AND APPROVED BY THE BOARD OF DIRECTORS TO 501(C)(3) ORGANIZATIONS OUTSIDE OF THE GENERAL SERVICE AREA.
Expenses $10,281,188 · Grants $7,964,996
As filed on the 2025 return.
Listed in Part VII
-
ULZ LAURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CALLAHAN KEVIN F
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JACKSON EDWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STUKES BETH THORNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WARREN J DOUGLAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THORNLEY SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALLEN ROBBIN REED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GILBERT DREW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAIRD MATTHEW
SECRETARY AND TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
DONALDSON EMILY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
NOLEN JR ROBERT B
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
KENNEDY PAUL
PRESIDENT
- Total calculated
- $215,000
- From this org
- $215,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $215,000
-
RHODES HARRIS
CHIEF FINANCIAL OFFICER
- Total calculated
- $145,000
- From this org
- $145,000
- From related orgs
- $0
- Other
- $0
- 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
None.
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
-
$700,000
FAITH CELEBRATION AND COMMITMENT EVENTS
-
$655,170
GENERAL DONATIONS
-
RESCUERS UNITED FOR FURBABIES (RUFF)
$582,065
ANNUAL CORE SERVICES OPERATING BUDGET, SPAY/NEUTER PROGRAM, TRANSPORTATION VAN
-
$410,000
EXPANSION OF THE PANTRY AT THE LINK OF CULLMAN
-
$350,000
GENERAL REPAIRS AND UPKEEP
-
$329,162
OPERATIONS AND PROGRAMS - JASPER MAIN STREET
-
$303,002
FOOD BANK AND REPAIRS
-
BEVILL STATE COMMUNITY COLLEGE
$252,000
ROBOTICS PARTICIPATION IN WALKER COUNTY SCHOOLS
-
FREE WILL BAPTIST CHILDREN'S HOME
$242,888
GENERAL DONATION
-
$217,263
CHILDREN'S BACKPACK FEEDING PROGRAM.
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 15 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601359349304010
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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