Community Foundation of Greater Huntsville

EIN: 263750673 501(c)(3) Philanthropy & Grantmaking

Huntsville, AL

Total Revenue
$23,055,184
Total Expenses
$13,945,107
Total Assets
$66,326,810
Net Assets
$49,610,015
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
AL
Phone
2564893525
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION OF GREATER HUNTSVILLE, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.9M in total revenue in fiscal year 2018. The organization ran a surplus of $810K, a strong 16% operating margin.

Mission

MOBILIZING GENEROSITY TO IMPROVE QUALITY OF LIFE IN OUR COMMUNITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,614,324
Program Service Revenue $18,973
Investment Income $2,958,202
Other Revenue $463,685
TOTAL REVENUE $23,055,184

Expense Breakdown

Grants Paid $12,491,705
Salaries & Benefits $541,936
Fundraising Expenses $181,872
Program Expenses $12,833,953
Other Expenses $911,466
TOTAL EXPENSES $13,945,107

Year-over-Year Comparison

2024 2023 Change
Revenue $23,055,184 $17,823,410 +0.3%
Expenses $13,945,107 $15,700,525 -0.1%
Net Income $9,110,077 $2,122,885 +3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
13
Volunteers
124

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$133,645
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Garfield Wilbur Boon III Secretary 5.0
Officer Director
$0 $0 $0
Penny Billings Treasurer 5.0
Officer Director
$0 $0 $0
Sidney Ray White Jr Chair 5.0
Officer Director
$0 $0 $0
Susan Lynn Troy Vice Chair 5.0
Officer Director
$0 $0 $0
Brad Garland Member 1.0
Director
$0 $0 $0
Christopher Russell Member 1.0
Director
$0 $0 $0
Clay Hagan Member 1.0
Director
$0 $0 $0
D Ashley Jones Member 1.0
Director
$0 $0 $0
Douglas C Martinson II Member 1.0
Director
$0 $0 $0
Elizabeth Abel Member 1.0
Director
$0 $0 $0
Gary Whitley Jr Member 1.0
Director
$0 $0 $0
George Smith Member 1.0
Director
$0 $0 $0
Henry L Isenberg III Member 1.0
Director
$0 $0 $0
Jay Dryden Member 1.0
Director
$0 $0 $0
Katherine Elizabeth Sippel Member 1.0
Director
$0 $0 $0
Kristina Hendrix Member 1.0
Director
$0 $0 $0
Leta Demaioribus Member 1.0
Director
$0 $0 $0
Lori Womack Member 1.0
Director
$0 $0 $0
Melissa Thompson CEO/President 40.0
Officer
$127,811 $5,834 $133,645
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $23,055,184 $13,945,107 $66,326,810 $9,110,077
2023 $17,823,410 $15,700,525 $51,319,803 $2,122,885
2022 $14,359,826 $11,421,752 $46,091,896 $2,938,074
2021 $14,690,741 $6,178,036 $48,014,878 $8,512,705
2020 $16,460,622 $6,352,591 $38,106,163 $10,108,031
2019 $7,940,148 $4,407,506 $25,229,948 $3,532,642
2018 $4,943,017 $4,132,772 $20,370,560 $810,245
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