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The Propst Foundation EIN 27-4341346 Form 990 (PDF) Claim this org

The Propst Foundation FY2020 filing

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A private foundation based in Huntsville, AL. It reported about $136K in revenue for 2020. For fiscal year 2020 it reported $136K in revenue, $495K in expenses, and $8.2M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Huntsville, AL
Filings
6 on file (2020–2020)
Revenue
$136KFY2020
Expenses
$495K
Net assets
$8.2M
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-4341346 Private foundation / grantmaker Huntsville, AL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Huntsville, AL. It reported about $136K in revenue for 2020.
Money in and out
$136K revenue, $495K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$136K
Pt VIII · Ln 12
Total expenses
$495K
Pt IX · Ln 25
Net assets
$8.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$359K
Total assets
8.6M
deployed as grants and operations
Grants paid
445K
in FY2020
Grants made
26grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 26 grants · $564K · 2025–2025
The Learning CenterFY2025$57,911
Manna HouseFY2025$54,000
Kids to Love FoundationFY2025$54,000
Food Bank of North AlabamaFY2025$54,000
Boys & Girls Clubs of North AlabamaFY2025$54,000
Big Oak RanchFY2025$50,000
Village of PromiseFY2025$40,000
WellstoneFY2025$25,000
First United Methodist ChurchFY2025$25,000
Ace the StigmaFY2025$25,000
Huntsville Museum of ArtFY2025$15,000
Historic Huntsville FoundationFY2025$15,000
Heals INCFY2025$15,000
Holy Spirit Catholic SchoolFY2025$10,000
North Alabama Homebuilding AcademyFY2025$10,000
Therapy Partners INCFY2025$10,000
The Land Trust of North AlabamaFY2025$5,000
Twickenham Historic Preservation District AssociationFY2025$5,000
See all 26 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$22K
Median grantPart XV$15K
Largest grantPart XV$58K

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$136K
FY2020
Expenses
$495K
FY2020
Total assets
$8.6M
FY2020
Total liabilities
$396K
FY2020
Total revenue
$136K
Pt VIII · Ln 12
Total expenses
$495K
Pt IX · Ln 25
Net assets
$8.2M
Pt X · Ln 32
Total assetsPt II$8.6M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Propst Foundation
EINHdr · item D27-4341346
Principal addressHdr · item CHuntsville, AL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFSep 2013

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 The Propst Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income$130K · 95%
Other revenue$6K · 5%
Investment income95%$130K
Other revenue5%$6K
Total revenueLn 12$136K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.90 Operating & administrative $0.10
Grants & contributions paid90%$445K
Operating & administrative10%$50K
Total functional expensesLn 25$495K

Balance Sheet

Part X · end of year
CashLn 1$440K
Total assetsLn 16$8.6M
Total liabilitiesLn 26$396K
Total net assetsLn 32$8.2M
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $8.6M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $136K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $136K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $136K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $8.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $136K · Expenses $495K
-263%
Liabilities-to-Assets
Total liabilities — · Total assets $8.6M
—
Net-asset ratio
Net assets $8.2M · Total assets $8.6M
95%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $495K
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
FY2025 (Latest)$1.3M revenue · ⤓ 990 PDF
FY2024$587K revenue · ⤓ 990 PDF
FY2023$420K revenue · ⤓ 990 PDF
FY2022$295K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$136K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

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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