ALEX HIGHSMITH FAMILY FOUNDATION

EIN: 861610694 501(c)(3) Youth Development

Willmington, NC

Total Revenue
$347,983
Total Expenses
$70,447
Total Assets
$307,081
Net Assets
$307,081
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
Alex Highsmith
Phone
9103959980
Tax Period
2023-01-01 to 2023-12-31

ALEX HIGHSMITH FAMILY FOUNDATION, founded in 2021, is a small nonprofit in the Youth Development sector that reported $348K in total revenue in fiscal year 2023. Revenue surged 655% from the prior year, signaling strong growth momentum. The organization ran a surplus of $278K, a strong 80% operating margin.

Mission

THE ALEX HIGHSMITH FAMILY FOUNDATION IS FOCUSED ON FOSTERING A LEGACY OF FAITH, FAMILY, AND FOOTBALL AND WORKS TO IMPROVE THE LIVES OF YOUNG PEOPLE IN BOTH WILMINGTON AND PITTSBURGH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $271,761
Program Service Revenue $76,222
Investment Income $0
Other Revenue $0
TOTAL REVENUE $347,983

Expense Breakdown

Grants Paid $47,925
Salaries & Benefits $0
Fundraising Expenses $7,527
Program Expenses $57,963
Other Expenses $22,522
TOTAL EXPENSES $70,447

Year-over-Year Comparison

2023 2022 Change
Revenue $347,983 $46,095 +6.5%
Expenses $70,447 $29,436 +1.4%
Net Income $277,536 $16,659 +15.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
70

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alex Highsmith Chairman / CEO 4.00
Director
$0 $0 $0
Samuel Highsmight Jr President 4.00
Director
$0 $0 $0
Ronald Highsmith Member 2
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
2023 $347,983 $70,447 $307,081 $277,536
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