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Warner Foundation INC EIN 26-3311211

Warner Foundation INC FY2020 filing

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A private foundation based in Tuscaloosa, AL. It reported about $315K in revenue for 2020. For fiscal year 2020 it reported $315K in revenue, $518K in expenses, and $9.5M in net assets.Pt I

Type
Private foundation / grantmaker · Arts & Culture
Location
Tuscaloosa, AL
Website
warnerfoundation.org
Filings
5 on file (2020–2020)
Revenue
$315KFY2020
Expenses
$518K
Net assets
$9.5M
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3311211 Private foundation / grantmaker Tuscaloosa, AL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Tuscaloosa, AL. It reported about $315K in revenue for 2020.
Money in and out
$315K revenue, $518K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$315K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$9.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$203K
Total assets
9.5M
deployed as grants and operations
Grants paid
321K
in FY2020
Grants made
10grants
total in period
Payout rate
3%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 10 grants · $291K · 2024–2024
Thomas Cole National Historic SiteFY2024$54,400
Jack Miller CenterFY2024$45,000
Greenville Museum of Art INCNC · FY2024$40,000
Birmingham Museum of ArtFY2024$40,000
Figge Art MuseumIA · FY2024$31,000
Olana PartnershipNY · FY2024$30,000
Leadership InstituteFY2024$30,000
The Heritage FoundationFY2024$10,000
Liberty University INCVA · FY2024$10,000
The Ashbrook Center at Ashland UniversityFY2024$200

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$29K
Median grantPart XV$31K
Largest grantPart XV$54K
Top cause focusNTEEArts & Culture (20%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$315K
FY2020
Expenses
$518K
FY2020
Total assets
$9.5M
FY2020
Total liabilities
$0
FY2020
Total revenue
$315K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$9.5M
Pt X · Ln 32
Total assetsPt II$9.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWarner Foundation INC
EINHdr · item D26-3311211
Principal addressHdr · item CTuscaloosa, AL
WebsiteHdr · item Jwarnerfoundation.org
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFJun 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Warner Foundation INC executive salaries →

Statement of Revenue

Part VIII
Investment income100%$315K
Total revenueLn 12$315K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.62 Operating & administrative $0.38
Grants & contributions paid62%$321K
Operating & administrative38%$196K
Total functional expensesLn 25$518K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$9.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$9.5M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $9.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $315K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $315K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $315K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $9.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $315K · Expenses $518K
-65%
Liabilities-to-Assets
Total liabilities — · Total assets $9.5M
—
Net-asset ratio
Net assets $9.5M · Total assets $9.5M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $518K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$615K revenue · ⤓ 990 PDF
FY2023$715K revenue · ⤓ 990 PDF
FY2022$464K revenue · ⤓ 990 PDF
FY2021$979K revenue · ⤓ 990 PDF
FY2020$315K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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