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EIN 46-0818266

The Welch Group Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Birmingham
State
Alabama
Year formed
2015
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Welch Group Foundation is a private foundation located in Birmingham, AL. Its primary focus is to fund various organizations such as educational, health & medical, youth development, medical support organization, family medical needs, youth services, women's organization and religious organization. The foundation aims to establish, maintain and operate programs that support entrepreneurship. It also makes donations and contributions to grantees like Build Up and others. Last year, it distributed 30 grants to different organizations.
Also known as...
Foundation for Financial Freedom and Entrepreneurship
Total revenues
$312,797
2023
Total expenses
$229,418
2023
Total assets
$882,194
2023
Num. employees
0
2023

Program areas at The Welch Group Foundation

To establish, maintain and operate programs which support entrepreneurship and to support and make donations/contributions to or on behalf of other organizations recognized as section 501(c)(3) organizations.

Grants made by The Welch Group Foundation

GranteeGrant descriptionAmount
Grace Klein CommunityFamily Services$35,000
Create BirminghamYouth Development$35,000
Friends of Jemison ParkCommunity$25,000
...and 16 more grants made

Personnel at The Welch Group Foundation

NameTitleCompensation
Kimberly R ReynoldsTreasurer$0

Financials for The Welch Group Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$289,593
Investment income and dividends$19,395
Net rental income$0
Net gain from sale of non-inventory assets$3,809
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$312,797

Form 990s for The Welch Group Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-18990PFView PDF
2022-122023-11-07990PFView PDF
2021-122022-11-09990PFView PDF
2020-122022-07-19990PFView PDF
2019-122022-01-27990PFView PDF
...and 6 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2020
May 6, 2023
Used new vendors
Identified 1 new vendor, including
February 3, 2023
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
Community improvementBusiness and industry
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
3940 Montclair Rd - Ste 500
Birmingham, AL 35213
Metro area
Birmingham-Hoover, AL
County
Jefferson County, AL
Phone
(205) 879-5001
IRS details
EIN
46-0818266
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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