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Ann B Hearin Foundation FY2021 filing

Tax-deductible

Mobile, AL501(c)(3)Since 2015Foundations & GrantmakersEIN 82-0886146Revenue $749K in FY2021

On file with the IRScommunityfoundationsa.orgPo Box 990, 36601-0990 · Mobile, ALTax-exempt since Oct 2017Supporting org, Type I — 509(a)(3)

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The Ann B. Hearin Foundation seeks to build permanent endowments for the long range future of the region IT serves and to draw from the strengths of the region's diverse population in designing and funding innovative programs which meet community needs. Serving as responsible stewards of these funds, the Foundation makes grants to non-profit organizations in the fields of arts and culture, civic and community, anti-crime and abuse, education, environment, health, human services, and recreation.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 $246K a year · 66% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$749K
+142% vs prior year
Spent
$381K
To programs
100%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$749K
FY2021▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2020$309K
FY2021$749K
FY2022$536K
FY2023$264K
FY2024$132K
FY2025$264K
Expenses
$381K
FY2021▲ +801%
Tap a bar for its year
Expenses by fiscal year
FY2020$42K
FY2021$381K
FY2022$44K
FY2023$46K
FY2024$99K
FY2025$163K
Net assets
$2.3M
FY2021▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.3M
FY2022$2.0M
FY2023$2.2M
FY2024$2.7M
FY2025$2.7M

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $381K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Champ Lyons JR
Vice President
$0Pt VII · Sec A
Rebecca Byrne
Secretary/Treasurer
$0Pt VII · Sec A
John Bedsole
Asst Treasurer
$0Pt VII · Sec A
Lucy Ladd
Trustee
$0Pt VII · Sec A
See Ann B Hearin Foundation 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 15aNo

Programs and updates

Funds innovative programs meeting community needs in arts, education, health, and more.

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Provided by the organization

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1 program · $381K · in their own filed words · FY2020
01

The foundation's program service activity consists of awarding grants to various non-profit charitable organizations, based on board of directors' approval and categories as requested by donors. Categories include anti-crime and abuse, arts and culture, civic and community, education, environmental,health, human services, and recreation.

$381Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $477K · 2020–2024
Azalea City Center for the Arts INCAL · FY2024$15,000
Mobile Ballet INCAL · FY2024$15,000
Mobile Arts Council INCAL · FY2024$15,000
Covenant Academy of MobileAL · FY2024$15,000
The Mobile Museum of Art INCAL · FY2024$15,000
Mobile Symphony INCAL · FY2024$12,000
Eastern Shore Art Association INCAL · FY2024$10,000
Fairhope Public LibraryFY2024$5,400
Mobile Symphony INCAL · FY2023$12,000
The Mobile Museum of Art INCAL · FY2023$11,000
Gulf Coast Saxophone Ensemble CoAL · FY2023$11,000
Eastern Shore Art Association INCAL · FY2023$10,000
The Community Foundation of South AlabamaAL · FY2020$330,992

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$749K
Ln 12
Investment incomeLn 3$496K
Gifts and grantsLn 1h$253K
Money outPt IX
$381K
Ln 25
Programscol B$381K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$253K
Investment incomeLn 3$496K
Gains on assetsLn 7$467K
Total revenueLn 12$749K
Assets in detailPt X, end of year
CashLn 1−$1
SavingsLn 2$276K
Cash and savings togetherLn 1–2$276K
InvestmentsLn 11–13$2.0M
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$74K$276K
InvestmentsLn 11–13$1.8M$2.0M
Total assetsLn 16$1.9M$2.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.9M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$331K$331K
Management feesLn 11a$23K$23K
Legal feesLn 11b$775$775
Investment management feesLn 11f$26K$26K
Total functional expensesLn 25$381K$381K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $264K$163K$102K$2.7M 990 PDF
FY2024 $132K$99K$33K$2.7M 990 PDF
FY2023 $264K$46K$218K$2.2M 990 PDF
FY2022 $536K$44K$492K$2.0M 990 PDF
FY2021 Viewing $749K$381K$367K$2.3M 990 PDF
FY2020 $309K$42K$267K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $748,601 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$252,892
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $309,399$495,709
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $309,399$748,601
I-13 Grants and similar amounts paidPrior year $0$330,992
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $42,327$50,230
I-18 Total expensesPrior year $42,327$381,222
I-19 Revenue less expensesPrior year $267,072$367,379
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $748,601 across 5 lines filed
VIII-1f All other contributions, gifts and grants$252,892
VIII-1h Total contributions, gifts and grants$252,892
VIII-3 Investment incomeExcluded from tax $28,451$28,451
VIII-7 Net gain or loss on sales of assetsExcluded from tax $467,258$467,258
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $495,709$748,601
Part IX · Statement of functional expenses $381,222 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $330,992$330,992
IX-11a Management feesPrograms $23,411$23,411
IX-11b Legal feesPrograms $775$775
IX-11f Investment management feesPrograms $26,044$26,044
IX-25 Total functional expensesPrograms $381,222 · Management $0 · Fundraising $0$381,222
Part X · Balance sheet $2,255,838 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year −$2−$1
X-2 Savings and temporary cash investmentsStart of year $74,088$276,281
X-11 Publicly traded securitiesStart of year $1,630,462$1,691,698
X-12 Other securitiesStart of year $183,911$287,860
X-16 Total assetsStart of year $1,888,459$2,255,838
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,888,459$2,255,838
X-33 Total liabilities and net assetsStart of year $1,888,459$2,255,838
Part XI · Reconciliation of net assets $2,255,838 net assets at year end
XI-1 Total revenue$748,601
XI-2 Total expenses$381,222
XI-3 Revenue less expenses$367,379
XI-4 Net assets at start of year$1,888,459
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,255,838

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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