The Hargrove Foundation Inc

EIN: 452712738 501(c)(3) Philanthropy & Grantmaking

Mobile, AL

Total Revenue
$740,817
Total Expenses
$406,348
Total Assets
$2,524,117
Net Assets
$2,524,117
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AL
Principal Officer
John E B Shell
Phone
2513755657
Tax Period
2024-01-01 to 2024-12-31

The Hargrove Foundation Inc, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $656K in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $212K, a strong 32% operating margin.

Mission

The mission of The Hargrove Foundation, Inc. is to identify charitable causes and organizations in local communities where we can have an impact on lives by giving of our resources and talents to bring greater opportunities for success and development.

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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 $473,409
Program Service Revenue $0
Investment Income $47,656
Other Revenue $219,752
TOTAL REVENUE $740,817

Expense Breakdown

Grants Paid $392,764
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $392,764
Other Expenses $13,584
TOTAL EXPENSES $406,348

Year-over-Year Comparison

2024 2023 Change
Revenue $740,817 $747,225 0.0%
Expenses $406,348 $440,504 -0.1%
Net Income $334,469 $306,721 +0.1%
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
16
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Micki Kohn 5.00
Officer Director
$0 $0 $0
Ralph Hargrove 5.00
Director
$0 $0 $0
John B Shell 5.00
Director
$0 $0 $0
Dennis Watson 1.00
Director
$0 $0 $0
Sally Steadman 1.00
Director
$0 $0 $0
Leta Walton 1.00
Director
$0 $0 $0
Karen Griffin 1.00
Director
$0 $0 $0
Vicki Studstill 5.00
Director
$0 $0 $0
Travis Odom 5.00
Officer Director
$0 $0 $0
Jeff Drinkard 1.00
Director
$0 $0 $0
Tem McGallagher 1.00
Director
$0 $0 $0
Kalyn Andrews 1.00
Director
$0 $0 $0
David Funes 1.00
Director
$0 $0 $0
Wes Harris 1.00
Director
$0 $0 $0
Sarah White 1.00
Director
$0 $0 $0
Martin Bretschneider 1.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $740,817 $406,348 $2,524,117 $334,469
2023 $747,225 $440,504 $2,038,475 $306,721
2022 $632,646 $345,512 $1,604,980 $287,134
2021 $558,230 $297,103 $1,465,809 $261,127
2020 $516,175 $411,750 $1,170,683 $104,425
2019 $590,690 $347,766 $927,414 $242,924
2018 $655,818 $444,167 $612,332 $211,651
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