ANN B HEARIN FOUNDATION

EIN: 820886146 501(c)(3) Philanthropy & Grantmaking

MOBILE, AL

Total Revenue
$132,198
Total Expenses
$98,906
Total Assets
$2,812,367
Net Assets
$2,723,751
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
AL
Principal Officer
REBECCA D BYRNE
Phone
2514385591
Tax Period
2023-10-01 to 2024-09-30

ANN B HEARIN FOUNDATION, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $9K in total revenue in fiscal year 2018. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 274% operating deficit.

Mission

THE ANN B. HEARIN FOUNDATION SEEKS TO BUILD PERMANENT ENDOWMENTS FOR THE LONG RANGE FUTURE OF THE REGION IT SERVES AND TO DRAW FROM THE STRENGTHS OF THE REGION'S DIVERSE POPULATION IN DESIGNING AND FUNDING INNOVATIVE PROGRAMS WHICH MEET COMMUNITY NEEDS. SERVING AS RESPONSIBLE STEWARDS OF THESE FUNDS, THE FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS IN THE FIELDS OF ARTS AND CULTURE, CIVIC AND COMMUNITY, ANTI-CRIME AND ABUSE, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RECREATION.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $132,198
Other Revenue $0
TOTAL REVENUE $132,198

Expense Breakdown

Grants Paid $44,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $98,906
Other Expenses $54,906
TOTAL EXPENSES $98,906

Year-over-Year Comparison

2023 2022 Change
Revenue $132,198 $263,568 -0.5%
Expenses $98,906 $45,926 +1.2%
Net Income $33,292 $217,642 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
5
Independent Members
5
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
4
$155,000
Total Directors
5
$155,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK HIERONYMUS PRESIDENT 0.10
Officer Director
$0 $0 $0
CHAMP LYONS JR VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
REBECCA BYRNE SECRETARY/TREASURER 0.10
Officer Director
$0 $8,700 $155,000
JOHN BEDSOLE ASST TREASURER 0.10
Officer Director
$0 $0 $0
LUCY LADD TRUSTEE 0.10
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
2024 $132,198 $98,906 $2,812,367 $33,292
2023 $263,568 $45,926 $2,210,862 $217,642
2022 $536,301 $44,283 $2,009,105 $492,018
2021 $748,601 $381,222 $2,255,838 $367,379
2020 $309,399 $42,327 $1,888,459 $267,072
2019 $9,024 $33,757 $1,621,387 $-24,733
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