FAIRHOPE EDUCATIONAL ENRICHMENT FOUNDATION

EIN: 631159813 501(c)(3) Arts, Culture & Humanities

FAIRHOPE, AL

Total Revenue
$406,971
Total Expenses
$281,276
Total Assets
$3,726,195
Net Assets
$3,576,463
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
AL
Principal Officer
KATHERINE GOLDMAN
Phone
2519903333
Tax Period
2024-08-01 to 2025-07-31

FAIRHOPE EDUCATIONAL ENRICHMENT FOUNDATION, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Net assets of $2.7M represent 111 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES GRANTS AND SUPPORT TO PUBLIC SCHOOLS IN THE FAIRHOPE COMMUNITY. THE PURPOSE IS TO AID EDUCATIONAL PROGRAMS AND FACILITIES AND PROVIDE FUNDING FOR THE BETTERMENT OF EDUCATION IN THE 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 $83,905
Program Service Revenue $0
Investment Income $223,454
Other Revenue $99,612
TOTAL REVENUE $406,971

Expense Breakdown

Grants Paid $19,245
Salaries & Benefits $95,480
Fundraising Expenses $31,827
Program Expenses $149,766
Other Expenses $166,551
TOTAL EXPENSES $281,276

Year-over-Year Comparison

2024 2023 Change
Revenue $406,971 $531,996 -0.2%
Expenses $281,276 $262,351 +0.1%
Net Income $125,695 $269,645 -0.5%
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
28
Independent Members
28
Employees
1
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
0
$0
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE GOLDMAN PRESIDENT 10.00
Director
$0 $0 $0
SALLY MILLER VICE PRESIDE 10.00
Director
$0 $0 $0
ANDY WILCOXON TREASURER 10.00
Director
$0 $0 $0
CLAIR BINGHAM BOARD MEMBER 5.00
Director
$0 $0 $0
LAUREN BRENNEN BOARD MEMBER 5.00
Director
$0 $0 $0
MICHELLE BUTLER BOARD MEMBER 5.00
Director
$0 $0 $0
TONY CANNIZO BOARD MEMBER 5.00
Director
$0 $0 $0
KRISTI CARDWELL BOARD MEMBER 5.00
Director
$0 $0 $0
BROOKE CHAMBLEE BOARD MEMBER 5.00
Director
$0 $0 $0
JONI CHENEY BOARD MEMBER 5.00
Director
$0 $0 $0
ANNE DORMAN BAORD MEMBER 5.00
Director
$0 $0 $0
BETSY DUGGAR BOARD MEMBER 5.00
Director
$0 $0 $0
KELLEY FRYE BOARD MEMBER 5.00
Director
$0 $0 $0
TRICIA GUNNELLS BOARD MEMBER 5.00
Director
$0 $0 $0
ASHLEY HARRIS BOARD MEMBER 5.00
Director
$0 $0 $0
JENNIFER MCDADE BOARD MEMBER 5.00
Director
$0 $0 $0
SALLY MOLYNEUX BOARD MEMBER 5.00
Director
$0 $0 $0
CASSIE MORGENSTERN BOARD MEMBER 5.00
Director
$0 $0 $0
SETH SANDERS BOARD MEMBER 5.00
Director
$0 $0 $0
MOLLY SPAIN BOARD MEMBER 5.00
Director
$0 $0 $0
JENNY BREAZEALE BOARD MEMBER 5.00
Director
$0 $0 $0
CHRISTINA STACY BOARD MEMBER 5.00
Director
$0 $0 $0
JON CARDWELL BOARD MEMBER 5.00
Director
$0 $0 $0
CECIL CHRISTENBERRY BOARD MEMBER 5.00
Director
$0 $0 $0
ANGIE HALL BOARD MEMBER 5.00
Director
$0 $0 $0
TONYA HARRELLSON BOARD MEMBER 5.00
Director
$0 $0 $0
SHERRY SULIVAN BOARD MEMBER 5.00
Director
$0 $0 $0
LINDA SMITH BOARD MEMBER 5.00
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 $406,971 $281,276 $3,726,195 $125,695
2024 $531,996 $262,351 $3,649,635 $269,645
2023 $365,385 $262,431 $3,598,005 $102,954
2022 $560,788 $293,302 $3,097,438 $267,486
2021 $311,605 $248,454 $3,088,043 $63,151
2020 $346,158 $251,993 $2,716,321 $94,165
2019 $289,154 $280,754 $2,672,851 $8,400
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