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Walker Area Community Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 631154984 ✦ Jasper, AL ✦ Designated as a 501(c)(3)

Overview

What is Walker Area Community Foundation Inc?

Walker Area Community Foundation Inc is a nonprofit organization based in Jasper, Alabama. With a team of ten employees, they focus on building and preserving charitable capital, which they then use to enhance the welfare and health of the local community. Traditionally serving the area that was once under the purview of Walker County Hospital, the Foundation also grants funds to approved 501(c)(3) organizations outside of their immediate service area, as advised by fund advisors and approved by the Board of Directors. By nurturing and advancing the community through their philanthropic efforts, the Walker Area Community Foundation aims to make a positive impact on citizens' lives.


Official website here: www.wacf.org

Is Walker Area Community Foundation Inc legitimate?

Walker Area Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walker Area Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $676,633

For more financial information, click here


Official website here: www.wacf.org

What is the mission statement of Walker Area Community Foundation Inc?

Walker Area Community Foundation Inc is a nonprofit organization committed to enhancing its community by establishing and maintaining charitable capital. The foundation uses the earnings from this capital to improve various aspects of community life. Grants are awarded to organizations that promote community health and social welfare, primarily focusing on 501(c)(3) entities within the vicinity of a traditional Walker County Hospital area or as recommended by fund advisors and approved by the Board of Directors. The foundation's mission is to foster growth and development for the community as a whole through strategic philanthropy.


Official website here: www.wacf.org

Who is the CEO of Walker Area Community Foundation Inc?

Paul W Kennedy is the Director of Walker Area Community Foundation Inc.


Official website here: www.wacf.org

What is the revenue of Walker Area Community Foundation Inc?

Walker Area Community Foundation Inc's revenue in 2022 was $36,030,350.


Official website here: www.wacf.org

Who are the executives of Walker Area Community Foundation Inc and what are their salaries?

The average compensation at Walker Area Community Foundation Inc during 2022 was $67,663. There are 10 employees at Walker Area Community Foundation Inc.

Here are 13 key members and their salaries:

    Paul W Kennedy (President)
  • Compensation: $140,559
  • Related: $0
  • Other: $0

    • Harris Rhodes (Chief Financial Officer)
  • Compensation: $82,614
  • Related: $0
  • Other: $0

    • Donaldson Emily (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Drummond Abbie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Globetti Steve G (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jackson Edward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nolen Jr Robert B (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stukes Beth Thorne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Warren J Douglas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Callahan Kevin F (Secretary And Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thornley Scott (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Allen Robbin Reed (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Haig Wright Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wacf.org

    Where can I find the form 990 for Walker Area Community Foundation Inc?

    The Walker Area Community Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wacf.org

    Learn more at the official website: www.wacf.org

    Mission Statement of Walker Area Community Foundation Inc

    Walker Area Community Foundation, a nonprofit organization, is committed to the enrichment and development of the community. By forming and preserving charitable capital, this foundation serves as a catalyst for improvement within the community as a whole. The proceeds generated from this capital are strategically used to enhance the health and social welfare of citizens residing within the area that was once served by Walker County Hospital.

    The mission of Walker Area Community Foundation is multifaceted. It primarily focuses on nurturing and advancing the community by preserving charitable funds and distributing grants to eligible organizations. These grants aim to promote the welfare of the community, specifically to 501(c)(3) organizations that align with the foundation's vision. By taking a proactive role in grant-making, Walker Area Community Foundation plays a significant role in uplifting the lives of the community members and fostering long-term growth.

    Furthermore, the foundation takes recommendations from fund advisors and approves grants based on the Board of Directors' approval. This approach ensures that the foundation's resources are allocated to initiatives that have a positive impact on the community. In essence, Walker Area Community Foundation acts as a beacon of hope and progress, investing in the future of the community and seeking to improve the lives of its residents.

    Impact

    This information is meant to be a general summary of Walker Area Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Walker Area Community Foundation Inc's impact is significant in nurturing and advancing the community through forming and preserving charitable capital. This organization provides grants to promote community health and social welfare for citizens within its area, supporting various 501(c)(3) organizations to better the community as a whole. Through its philanthropic endeavors, Walker Area Community Foundation Inc plays a vital role in improving the well-being and quality of life for individuals in JASPER, AL, and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,359,396
  • Program Service Revenue: $0
  • Gross Receipts: $51,298,557

    • Assets and Liabilities:
  • Total Assets: $114,594,345
  • Total Liabilities: $10,980
  • Net Assets: $114,583,365
  • Organization Details

    Founding Year

    1995

    Principal Officer

    Paul W Kennedy

    Main Address

    PO Box 171, Jasper, AL, 35502

    NTEE Category

    Code: T310 - Philanthropy

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