To serve as a nonprofit dedicated to the nurture and advancement of the Community through forming and preserving charitable capital, and using the proceeds of that capital to better the Community as a whole.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$360K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $15.5M a year · 69% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$360K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $168.6M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44.8M
+37% vs prior year
Spent
$11.3M
To programs
91%
Net assets
$196.1M
By yearFY2020–FY2025
Revenue
$44.8M
FY2025▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.9M
FY2021$6.6M
FY2022$36.0M
FY2023$9.2M
FY2024$32.6M
FY2025$44.8M
Expenses
$11.3M
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.6M
FY2021$4.8M
FY2022$5.5M
FY2023$7.1M
FY2024$10.5M
FY2025$11.3M
Net assets
$196.1M
FY2025▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$83.3M
FY2021$96.0M
FY2022$114.6M
FY2023$127.7M
FY2024$151.9M
FY2025$196.1M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $10.3M Management & general 4% · $504K Fundraising 5% · $565K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $360K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$215,000Pt VII · Sec A
Chief Financial Officer
$145,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kennedy Paul’s $215K as President is at the 41st percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kennedy Paul$215,000$185,405————
Paul W Kennedy——$161,559$140,559$128,796$128,491
Rhodes Harris$145,000$108,383————
Harris Rhodes——$94,608$82,614—$70,480

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Walker Area Community Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages charitable funds and awards grants to local nonprofits to improve community health, social welfare, and overall quality of life in Walker County.

Questions for Walker Area Community Foundation INC

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Provided by the organization

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1 program · $10.3M · in their own filed words · FY2025
01

Walker area community foundation provides grants to promote the community health and social welfare of citizens within the area traditionally served by the walker county hospital or as recommended by fund advisors and approved by the board of directors to 501(c)(3) organizations outside of the general service area.

$10.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$100K
Grants paid · 540 grants · $30.5M · 2020–2025
Uniteus INCAL · FY2025$700,000
Hartt INCAL · FY2025$655,170
The Link of Cullman County INCAL · FY2025$410,000
King's Home INCAL · FY2025$350,000
Friends of Downtown JasperAL · FY2025$329,162
St Mary's Episcopal ChurchFY2025$303,002
Bevill State Community CollegeFY2025$252,000
Backyard BlessingsAL · FY2025$217,263
Saban Center FoundationAL · FY2025$200,000
First Baptist Church of JasperFY2025$125,000
The Salvation ArmyGA · FY2025$120,000
See all 540 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$44.8M
Ln 12
Gifts and grantsLn 1h$38.5M
Investment incomeLn 3$6.3M
Other incomeLn 4–11$11K
Money outPt IX
$11.3M
Ln 25
Programscol B$10.3M
Managementcol C$504K
Fundraisingcol D$565K
Owns and owesPt X
$196.1M
net assets · Ln 32
Cash and savingsLn 1–2$899K
Total assetsLn 16$196.1M
LiabilitiesLn 26$22K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38.5M
Investment incomeLn 3$6.3M
Other incomeLn 4–11$11K
Gains on assetsLn 7$2.4M
Total revenueLn 12$44.8M
Assets in detailPt X, end of year
CashLn 1$899K
Cash and savings togetherLn 1–2$899K
InvestmentsLn 11–13$168.6M
Land, buildings, equipmentLn 10c$26.6M
Other assetsLn 15$8K
Total assetsLn 16$196.1M
LiabilitiesLn 26$22K
Net assetsLn 32$196.1M
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.7M$899K
InvestmentsLn 11–13$144.7M$168.6M
Land, buildings, equipmentLn 10c$5.5M$26.6M
Total assetsLn 16$151.9M$196.1M
LiabilitiesLn 26$34K$22K
Net assetsLn 32$151.9M$196.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.0M$8.0M
Pay of current officers, directors and key staffLn 5$360K$288K$54K$18K
Other salaries and wagesLn 7$760K$608K$114K$38K
Pension plan contributionsLn 8$49K$39K$7K$2K
Other employee benefitsLn 9$57K$45K$8K$3K
Payroll taxesLn 10$83K$66K$12K$4K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$573K$573K
Other fees for servicesLn 11g$446K$357K$84K$5K
Advertising and promotionLn 12$381K$61K$320K
Office expensesLn 13$100K$36K$8K$56K
Information technologyLn 14$87K$35K$26K$26K
OccupancyLn 16$190K$76K$57K$57K
TravelLn 17$28K$17K$10K$1K
Depreciation, depletion and amortizationLn 22$75K$53K$4K$19K
InsuranceLn 23$122K$12K$98K$12K
Other expenses (24a–d)Ln 24$62K$50K$9K$3K
Total functional expensesLn 25$11.3M$10.3M$504K$565K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $44.8M$11.3M$33.4M$196.1M 990 PDF
FY2024 $32.6M$10.5M$22.2M$151.9M 990 PDF
FY2023 $9.2M$7.1M$2.1M$127.7M 990 PDF
FY2022 $36.0M$5.5M$30.5M$114.6M 990 PDF
FY2021 $6.6M$4.8M$1.9M$96.0M 990 PDF
FY2020 $6.9M$3.6M$3.2M$83.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $44,773,202 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,847,516$38,491,160
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $12,771,421$6,270,577
I-11 Other revenuePrior year $6,246$11,465
I-12 Total revenuePrior year $32,625,183$44,773,202
I-13 Grants and similar amounts paidPrior year $7,653,825$7,964,996
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,008,514$1,308,705
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,791,316$2,076,232
I-18 Total expensesPrior year $10,453,655$11,349,933
I-19 Revenue less expensesPrior year $22,171,528$33,423,269
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $44,773,202 across 6 lines filed
VIII-1f All other contributions, gifts and grants$38,491,160
VIII-1h Total contributions, gifts and grants$38,491,160
VIII-3 Investment incomeExcluded from tax $3,848,271$3,848,271
VIII-7 Net gain or loss on sales of assetsUnrelated business $2,422,306$2,422,306
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,465$11,465
VIII-12 Total revenueRelated to mission $11,465 · Unrelated business $2,422,306 · Excluded from tax $3,848,271$44,773,202
Part IX · Statement of functional expenses $11,349,933 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $7,964,996$7,964,996
IX-5 Pay of current officers, directors and key staffPrograms $288,000 · Management $54,000 · Fundraising $18,000$360,000
IX-7 Other salaries and wagesPrograms $608,399 · Management $114,075 · Fundraising $38,025$760,499
IX-8 Pension plan contributionsPrograms $39,125 · Management $7,336 · Fundraising $2,445$48,906
IX-9 Other employee benefitsPrograms $45,274 · Management $8,489 · Fundraising $2,830$56,593
IX-10 Payroll taxesPrograms $66,166 · Management $12,406 · Fundraising $4,135$82,707
IX-11c Accounting feesManagement $12,200$12,200
IX-11f Investment management feesPrograms $572,799$572,799
IX-11g Other fees for servicesPrograms $357,223 · Management $83,975 · Fundraising $4,580$445,778
IX-12 Advertising and promotionPrograms $60,938 · Fundraising $319,927$380,865
IX-13 Office expensesPrograms $36,168 · Management $8,037 · Fundraising $56,262$100,467
IX-14 Information technologyPrograms $34,781 · Management $26,086 · Fundraising $26,086$86,953
IX-16 OccupancyPrograms $75,890 · Management $56,918 · Fundraising $56,918$189,726
IX-17 TravelPrograms $16,838 · Management $9,822 · Fundraising $1,403$28,063
IX-22 Depreciation, depletion and amortizationPrograms $52,705 · Management $3,765 · Fundraising $18,823$75,293
IX-23 InsurancePrograms $12,197 · Management $97,581 · Fundraising $12,198$121,976
IX-24 Other expenses (24a–d)Programs $49,689 · Management $9,317 · Fundraising $3,106$62,112
IX-25 Total functional expensesPrograms $10,281,188 · Management $504,007 · Fundraising $564,738$11,349,933
Part X · Balance sheet $196,103,884 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,747,826$898,918
X-9 Prepaid expenses and deferred chargesStart of year $25,739$25,739
X-10c Land, buildings and equipment, netStart of year $5,491,442$26,617,086
X-11 Publicly traded securitiesStart of year $144,660,573$168,554,362
X-15 Other assetsStart of year $7,779$7,779
X-16 Total assetsStart of year $151,933,359$196,103,884
X-17 Accounts payable and accrued expensesStart of year $34,162$21,894
X-26 Total liabilitiesStart of year $34,162$21,894
X-27 Net assets without donor restrictionsStart of year $135,308,008$167,423,082
X-28 Net assets with donor restrictionsStart of year $16,591,189$28,658,908
X-32 Total net assets or fund balancesStart of year $151,899,197$196,081,990
X-33 Total liabilities and net assetsStart of year $151,933,359$196,103,884
Part XI · Reconciliation of net assets $196,081,990 net assets at year end
XI-1 Total revenue$44,773,202
XI-2 Total expenses$11,349,933
XI-3 Revenue less expenses$33,423,269
XI-4 Net assets at start of year$151,899,197
XI-5 Net unrealized gains (losses) on investments$10,759,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$196,081,990

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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