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Nonprofiteer
← COMMUNITY FOUNDATION OF GREATER HUNTSVILLE

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF GREATER HUNTSVILLE.

Totals

Total revenue
$17,823,410
Total expenses
$15,700,525
Contributions and grants received
$16,114,708
Grants paid
$14,402,276
Program service revenue
$0
Investment income
$1,248,746
Other revenue
$459,956
Total assets, end of year
$51,319,803
Total liabilities, end of year
$12,069,414
Net assets or fund balances, end of year
$39,250,389
Program services expenses (Part IX)
$15,249,622
Management and general expenses
$237,625
Fundraising expenses
$213,278
Program service expenses (Part III)
$15,249,622

Program services were 97.1% 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.

  • 1c · Fundraising events

    $227,682

  • 1f · All other contributions, gifts and grants

    $15,887,026

  • 1g · Noncash contributions included above

    $7,460,196

  • 3 · Investment income

    total $1,121,795 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $15,023,397

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

    securities $14,896,446

  • 7c · Gain or loss

    securities $126,951

  • 7d · Net gain or loss

    total $126,951 · related or exempt $126,951 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $83,112

  • 8a · Fundraising events: contributions included on line 1c

    $227,682

  • 8b · Fundraising events: direct expenses

    $114,017

  • 8c · Net income from fundraising events

    total -$30,905 · unrelated business $0 · excluded -$30,905

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $490,738 · related or exempt $490,738 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $123 · related or exempt $123 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $490,861

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,402,276 · program services $14,402,276

  • 5 · Compensation of officers, directors and key employees

    total $123,249 · program services $73,949 · management and general $12,325 · fundraising $36,975

  • 7 · Other salaries and wages

    total $308,759 · program services $185,230 · management and general $30,876 · fundraising $92,653

  • 8 · Pension plan contributions

    total $10,483 · program services $6,289 · management and general $1,048 · fundraising $3,146

  • 10 · Payroll taxes

    total $35,782 · program services $21,467 · management and general $3,578 · fundraising $10,737

  • 11b · Fees: legal

    total $10,308 · program services $0 · management and general $10,308 · fundraising $0

  • 11c · Fees: accounting

    total $33,670 · program services $0 · management and general $33,670 · fundraising $0

  • 11f · Fees: investment management

    total $493,873 · program services $390,918 · management and general $102,955 · fundraising $0

  • 11g · Fees: other

    total $15,068 · program services $9,040 · management and general $1,507 · fundraising $4,521

  • 12 · Advertising and promotion

    total $16,651 · program services $9,990 · management and general $1,665 · fundraising $4,996

  • 13 · Office expenses

    total $18,853 · program services $11,311 · management and general $1,885 · fundraising $5,657

  • 16 · Occupancy

    total $37,820 · program services $22,690 · management and general $3,782 · fundraising $11,348

  • 17 · Travel

    total $9,478 · program services $5,686 · management and general $948 · fundraising $2,844

  • 19 · Conferences, conventions and meetings

    total $6,852 · program services $4,111 · management and general $685 · fundraising $2,056

  • 20 · Interest

    total $30,000 · program services $30,000 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,123 · program services $1,274 · management and general $212 · fundraising $637

  • 23 · Insurance

    total $19,613 · program services $0 · management and general $19,613 · fundraising $0

  • 24a · Other expenses: EQUIPMENT EXPENSE

    total $53,426 · program services $32,052 · management and general $5,343 · fundraising $16,031

  • 24b · Other expenses: MISCELLANEOUS

    total $53,722 · program services $32,229 · management and general $5,373 · fundraising $16,120

  • 24c · Other expenses: WEBSITE

    total $7,654 · program services $4,592 · management and general $765 · fundraising $2,297

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,865 · program services $6,518 · management and general $1,087 · fundraising $3,260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,379,878 · end of year $2,332,357

  • 2 · Savings and temporary cash investments

    beginning of year $7,041,042 · end of year $5,193,362

  • 7 · Other notes and loans receivable

    beginning of year $913,389 · end of year $696,039

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,788 · end of year $11,756

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

    $21,296

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

    $15,186

  • 10c · Land, buildings and equipment, net

    beginning of year $4,054 · end of year $6,110

  • 11 · Investments: publicly traded securities

    beginning of year $30,669,645 · end of year $43,068,579

  • 15 · Other assets

    beginning of year $6,064,100 · end of year $11,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,685 · end of year $38,327

  • 18 · Grants payable

    beginning of year $72,450 · end of year $22,500

  • 19 · Deferred revenue

    beginning of year $44,688 · end of year $99,531

  • 25 · Other liabilities

    beginning of year $11,698,373 · end of year $11,909,056

  • 27 · Net assets without donor restrictions

    beginning of year $27,863,278 · end of year $31,461,807

  • 28 · Net assets with donor restrictions

    beginning of year $6,394,422 · end of year $7,788,582

Mission and programs · 2023

Mission

MOBILIZING GENEROSITY TO IMPROVE QUALITY OF LIFE IN OUR COMMUNITY.

  • The Community Foundation administers donor advised funds, designated funds, field of interest funds, agency funds, and scholarship funds.

    Expenses $14,827,956 · Grants $14,043,296 · Revenue $17,498,117

  • The Compass Society awarded a grant of $50,000 each to Habitat for Humanity of the River Valley and HudsonAlpha Institute for Biotechnology as well as a grant in the amount of $25,000 to the Scottsboro Multicultural Foundation dba The Scottsboro Boys Museum. In addition, the Compass Endowment had a balance at the end of 2023 of $1,129,041.

    Expenses $145,739 · Grants $125,000 · Revenue $114,018

  • The Womens Philanthropy Society awarded grants in the amount of $50,000 each to Heart of the Valley YMCA and Huntsville Housing Authority as well as a grant in the amount of $200 to the Boys & Girls Clubs of North Alabama. In addition, the Womens Endowment had a balance at the end of 2023 of $351,211.

    Expenses $131,137 · Grants $100,200 · Revenue $104,447

  • The Racial Equity Fund selected seven nonprofits to receive $117,500 in grants to help close equity gaps based on race. In addition, the Racial Equity Endowment had a balance at the end of 2023 of $290,978.

    Expenses $125,946 · Grants $117,500 · Revenue $74,423

  • The members of give256 awarded $16,280 in grants to eight nonprofit organizations, which gave emerging philanthropists a voice and a greater impact with their generosity. In addition, the give256 Endowment had a balance at the end of 2023 of $91,423.

    Expenses $18,844 · Grants $16,280 · Revenue $32,405

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ray White

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mike Demaioribus

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Lynn Troy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Gw Boon III

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Abel

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Clay Hagan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Martinson II

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Garland

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Penny Billings

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Hovis Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jay Dryden

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cecilia Showalter

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Hinson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • George Smith

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristina Hendrix

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Russell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Whitley Jr

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lori Womack

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Thompson

    CEO/PRESIDENT

    Total calculated
    $126,946
    From this org
    $123,249
    From related orgs
    $0
    Other
    $3,697
    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.

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
19 August 2024
IRS schema version
2023v5.1
Source object
202412329349301226

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

The source document this was parsed from is served over the API, which is where bulk and document access live.