Linly Heflin Unit EIN 63-6047968 Form 990 (PDF) Claim this org

Linly Heflin Unit FY2023 filing

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Awards scholarships to young women attending Alabama colleges and universities. For fiscal year 2023 it reported $634K in revenue, $1.2M in expenses, and $10.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Birmingham, AL
Filings
5 on file (2021–2023)
Revenue
$634KFY2023
Expenses
$1.2M
Net assets
$10.0M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  63-6047968 Public charity (501(c)(3)) Birmingham, AL
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Awards scholarships to young women attending Alabama colleges and universities.
Leadership
Julie Goyer · President
Money in and out
$634K revenue, $1.2M expenses
Bottom line
92% program efficiency
Where the money goes · FY2023
Total revenue
$634K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$538K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program efficiency
92%
of spending reaches programs
Operating runway
102.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-85%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$634K
FY2023▼ -64%
Expenses
$1.2M
FY2023▲ +40%
Total assets
$10.0M
FY2023▼ -5%
Total liabilities
$0
FY2023
Total revenue
$634K
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$538K
Total assetsPt X · Ln 16$10.0M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLinly Heflin Unit
EINHdr · item D63-6047968
Principal addressHdr · item CBirmingham, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82Z)
Ruling yearIRS BMFAug 1959

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Project Treasurer
$0Pt VII · Sec A
Scholarship Chair
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2022.
01

Linly heflin unit, inc. (the organization) is a nonprofit organization that provides scholarships to young women of alabama, so that they may attend alabama colleges or universities. The organization receives the majority of its revenue from direct public support, donations, interest, and dividends.

$1.1Mprogram expense

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Statement of Revenue

Part VIII
Investment income$372K · 59%
Contributions & grants$357K · 56%
Investment income59%$372K
Contributions & grants56%$357K
Total revenueLn 12$634K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$1.1M
Management & general7%$81K
Fundraising1%$10K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$118K
Total assetsLn 16$10.0M
Total liabilitiesLn 26$0
Total net assetsLn 32$10.0M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.0M · Operating expenses/yr $1.2M
102.9 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.2M
92%
Management & General
Management & general $81K · Total expenses $1.2M
7%
Fundraising
Fundraising $10K · Total expenses $1.2M
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $469K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $357K · Total revenue $634K
56%
Government reliance
Government grants — · Total revenue $634K
Earned-income share
Program service revenue $0 · Total revenue $634K
0%
Investment reliance
Investment income $372K · Total revenue $634K
+59%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $634K · Prior year $1.8M
-64%
Net-asset trend (YoY)
End of year $10.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $634K · Expenses $1.2M
-85%
Liabilities-to-Assets
Total liabilities — · Total assets $10.0M
Net-asset ratio
Net assets $10.0M · Total assets $10.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $9.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10.0M
99%
People & payroll
Highest Reported Total Compensation
Individual Julie Goyer · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $1.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.2M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 3%
Revenue growth -64%
Investment management fee ratio 0.7%
Accounting fee ratio 0.5%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$68K
Grants paid · 5 grants · $4.3M · 2020–2024
Unitemized GrantFY2024$809,253
Unitemized GrantFY2023$927,120
Unitemized GrantFY2022$1,080,322
Unitemized GrantFY2021$816,843
Unitemized GrantFY2020$656,629

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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$819K revenue · ⤓ 990 PDF
FY2023$634K revenue · viewing · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$729K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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