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Nonprofiteer
← WALKER AREA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by WALKER AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$9,167,031
Total expenses
$7,112,593
Contributions and grants received
$6,659,942
Grants paid
$5,293,831
Program service revenue
$0
Investment income
$2,501,725
Other revenue
$5,364
Total assets, end of year
$127,913,751
Total liabilities, end of year
$166,993
Net assets or fund balances, end of year
$127,746,758
Program services expenses (Part IX)
$6,456,985
Management and general expenses
$308,782
Fundraising expenses
$346,826
Program service expenses (Part III)
$6,456,985

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

    $6,659,942

  • 3 · Investment income

    total $2,501,725 · related or exempt $2,501,725

  • 11a · Other revenue: Miscellaneous Revenue

    total $5,364 · related or exempt $5,364

  • 11e · Other revenue, total

    $5,364

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,293,831 · program services $5,293,831

  • 7 · Other salaries and wages

    total $774,567 · program services $619,654 · management and general $116,185 · fundraising $38,728

  • 8 · Pension plan contributions

    total $36,440 · program services $29,152 · management and general $5,466 · fundraising $1,822

  • 9 · Other employee benefits

    total $53,813 · program services $43,050 · management and general $8,072 · fundraising $2,691

  • 10 · Payroll taxes

    total $59,061 · program services $47,249 · management and general $8,859 · fundraising $2,953

  • 11c · Fees: accounting

    total $10,000 · program services $7,800 · management and general $2,100 · fundraising $100

  • 11g · Fees: other

    total $171,394 · program services $133,687 · management and general $35,993 · fundraising $1,714

  • 12 · Advertising and promotion

    total $192,970 · program services $30,875 · fundraising $162,095

  • 13 · Office expenses

    total $63,578 · program services $22,888 · management and general $5,086 · fundraising $35,604

  • 14 · Information technology

    total $54,310 · program services $21,724 · management and general $16,293 · fundraising $16,293

  • 16 · Occupancy

    total $191,190 · program services $76,476 · management and general $57,357 · fundraising $57,357

  • 17 · Travel

    total $23,898 · program services $14,338 · management and general $8,365 · fundraising $1,195

  • 22 · Depreciation, depletion and amortization

    total $75,105 · program services $52,574 · management and general $3,755 · fundraising $18,776

  • 23 · Insurance

    total $37,517 · program services $3,752 · management and general $30,013 · fundraising $3,752

  • 24a · Other expenses: Miscellaneous expense

    total $74,919 · program services $59,935 · management and general $11,238 · fundraising $3,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,148,493 · end of year $1,884,390

  • 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

    $6,206,057

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

    $1,001,746

  • 10c · Land, buildings and equipment, net

    beginning of year $1,218,963 · end of year $5,204,311

  • 11 · Investments: publicly traded securities

    beginning of year $112,193,777 · end of year $120,791,532

  • 15 · Other assets

    beginning of year $7,373 · end of year $7,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,980 · end of year $16,993

  • 18 · Grants payable

    end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $114,397,121 · end of year $127,560,772

  • 28 · Net assets with donor restrictions

    beginning of year $186,244 · end of year $185,986

Mission and programs · 2023

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 $6,456,985 · Grants $5,293,831

As filed on the 2023 return.

Listed in Part VII

  • Donaldson Emily

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Drummond Abbie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Globetti Steve G

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jackson Edward

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nolen Jr Robert B

    Secretary and Treasurer

    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

  • Callahan Kevin F

    Chairman

    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

  • Haig Wright II

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul W Kennedy

    President

    Total calculated
    $161,559
    From this org
    $161,559
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,559
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,559

  • Harris Rhodes

    Chief Financial Officer

    Total calculated
    $94,608
    From this org
    $94,608
    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

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

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202441289349303084

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

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