Decatur Corridor Development Inc

Foundation · Grantmaker Decatur, AL EIN: 20-1025360

Decatur Corridor Development Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Decatur, AL. IRS filing data is available from 2020 through 2022. In 2022, it awarded 3 grants totaling $33K. Net investment income was $9K.

Key facts about Decatur Corridor Development Inc

EIN: 20-1025360
Latest 990 filing: Form 990-PF, 2022
Annual giving (2022): $32,615
Grants made (2022): 3
Average grant: $10,872
Median grant: $3,000
Primary geography: Alabama (100% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated September 2026.

Who Decatur Corridor Development Inc funds

By grant dollars, the top recipient states for Decatur Corridor Development Inc's 3 itemized 2022 grants were Alabama (100%). The most frequent recipient cities were Decatur, AL (3 grants). None of its 3 grants with a stated purpose were described as general or operating support.

How Decatur Corridor Development Inc gives

In 2022 it paid out 442% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$33K

+18.6% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$11K

-20.9% YoY

Under IRS private-foundation payout rules, Decatur Corridor Development Inc reported a distributable amount of $13K for 2022 — the minimum it must pay out in qualifying distributions.

About Decatur Corridor Development Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $33K (100%)

Share of all 3 itemized 2022 grant dollars.

States

Alabama

Cities

Decatur

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$296,860	$330,801
Revenue	$20,380	$16,932	$55,710
Expenses	$57,452	$50,873	$72,238
Qualifying Distributions	$55,894	$45,513	—
Net Investment Income	$8,997	$13,238	$16,475
Distributable Amount	$12,655	$17,535	$16,199

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2022

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2022

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest recipients include Princess Theater ($27,115), Carnegie Visual Arts Center ($3,000), River City Clay Fine Arts Foundatio ($2,500).

Recipient	Purpose	Amount
PRINCESS THEATER Decatur, AL	COMMUNITY THEATER	$27,115
CARNEGIE VISUAL ARTS CENTER Decatur, AL	ARTS	$3,000
RIVER CITY CLAY FINE ARTS FOUNDATIO Decatur, AL	ARTS	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2022 IRS filing

Name	Title	Hours	Compensation
Wally Terry	Director	5	—
Blake McAnally	Secretary	5	—
Skip Thompson	President	5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Decatur Corridor Development Inc?

Decatur Corridor Development Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Decatur, AL. It holds — in total assets as of 2022.

Where does Decatur Corridor Development Inc operate?

Decatur Corridor Development Inc has awarded grants in Alabama.

What size grants does Decatur Corridor Development Inc award?

In 2022, Decatur Corridor Development Inc awarded 3 grants totaling $33K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Decatur Corridor Development Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Decatur Corridor Development Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Decatur Corridor Development Inc's EIN?

Decatur Corridor Development Inc's EIN (Employer Identification Number) is 20-1025360. IRS Form 990 filing data is available on this page for 2020–2022.