Warner Foundation INC EIN 26-3311211 Form 990 (PDF) Claim this org

Warner Foundation INC FY2022 filing

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A private foundation based in Tuscaloosa, AL. It reported about $464K in revenue for 2022. For fiscal year 2022 it reported $464K in revenue, $625K in expenses, and $10.0M in net assets.Pt I

Type
Private foundation / grantmaker · Arts & Culture
Location
Tuscaloosa, AL
Website
warnerfoundation.org
Filings
5 on file (2020–2022)
Revenue
$464KFY2022
Expenses
$625K
Net assets
$10.0M
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 FY2022 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 $464K in revenue for 2022.
Money in and out
$464K revenue, $625K expenses
Bottom line
Grants paid & assets · FY2022
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$161K
Total assets
10.0M
deployed as grants and operations
Grants paid
409K
in FY2022
Grants made
10grants
total in period
Payout rate
4%
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 2022 · Form 990-T
Revenue
$464K
FY2022▼ -53%
Expenses
$625K
FY2022▲ +6%
Total assets
$10.0M
FY2022▼ -2%
Total liabilities
$0
FY2022
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$625K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Total assetsPt II$10.0M

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%$464K
Other revenue$144
Total revenueLn 12$464K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.65 Operating & administrative $0.35
Grants & contributions paid65%$409K
Operating & administrative35%$216K
Total functional expensesLn 25$625K

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$10.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$10.0M
Months of cash on handcomputed0.5

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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 · viewing · ⤓ 990 PDF
FY2021$979K revenue · ⤓ 990 PDF
FY2020$315K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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