MG & LG Romine Foundation Inc
MG & LG Romine Foundation Inc is a private foundation, based in Huntsville, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14K in total assets. In 2024, it awarded 1 grant totaling $30K. Net investment income was $44.
MG & LG Romine Foundation Inc at a glance
In short: MG & LG Romine Foundation Inc gave $30K across 1 grant in 2024 (avg $30K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $30,000
- -56.2% vs 2023
- Grants made (2024)
- 1
- -75.0% vs 2023
- Average grant
- $30,000
- +75.2% vs 2023
- Median grant
- $30,000
- Total assets
- $13,877
- +56.9% vs 2023
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MG & LG Romine Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Florida College ($30K).
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 9 grants of 11 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How MG & LG Romine Foundation Inc gives
- Giving grew 100% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1K (2020) to $69K (2023). In 2024 it made 1 grant totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Florida College Temple Terrace, FL | General Support | $30,000 |
Ready to take the next step with MG & LG Romine Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $13,877 | $35,644 | $30,610 | $30,000 | 1 | $30,000 | $44 | $701 |
| 2023 | $8,843 | $50,610 | $69,053 | $68,500 | 4 | $68,500 | $60 | $754 |
| 2022 | $27,286 | $70,540 | $63,835 | $63,300 | 2 | $63,300 | $15 | $1,170 |
| 2021 | $20,581 | $35,506 | $15,520 | $15,000 | 2 | — | $6 | $747 |
| 2020 | $595 | $1,100 | $1,718 | $1,200 | 2 | — | — | $29 |
Under IRS private-foundation payout rules, MG & LG Romine Foundation Inc reported a distributable amount of $701 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MG & LG Romine Foundation Inc is led by J. Brent Romine, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
J. Brent Romine
President
On filings since 2020
No compensation reported
Jonathan B. Romine
Director
On filings since 2020
No compensation reported
Rebecca A. Romine
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about MG & LG Romine Foundation Inc
How much does MG & LG Romine Foundation Inc give each year?
MG & LG Romine Foundation Inc gave $30K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $69K across 4 grants.
How large is MG & LG Romine Foundation Inc?
MG & LG Romine Foundation Inc reported $14K in total assets on its 2024 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $701 (roughly 5% of its investment assets).
Where does MG & LG Romine Foundation Inc operate?
MG & LG Romine Foundation Inc has awarded grants in Alabama, Florida, Texas.
What is MG & LG Romine Foundation Inc's EIN?
MG & LG Romine Foundation Inc's EIN (Employer Identification Number) is 63-0942923. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in MG & LG Romine Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Alabama
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Richard B Truex Foundation Inc
Temple Terrace, FL
Assets
$372K
Grants
6
Total Given
$58K
Larry R Coffey Charitable Trust
Louisville, KY
The trust supports religious and evangelism activities, education, and charitable services, with 2024 grants ranging from $1,000 to $100,000 and a median of $12,000. It is based in Louisville, Kentucky, and funded organizations across several states, with the largest share going to Florida; it does not accept unsolicited requests and gives only to preselected organizations.
Assets
$11.0M
Grants
28
Total Given
$558K
Alabama Power Foundation Inc
Birmingham, AL
The Alabama Power Foundation funds Alabama nonprofits, schools, and community initiatives in education, civic and community development, arts and culture, health and human services, and environmental stewardship. In 2024, grants ranged from $100 to $500,000, with a median of $2,500. It provides an online application for grants; unsolicited requests are not specifically addressed.
Assets
$117.9M
Grants
1,240
Total Given
$16.2M
The Daniel Foundation of Alabama
Birmingham, AL
The Daniel Foundation of Alabama funds education and youth development, basic needs, health and human services, arts, and community and rural projects that strengthen Alabama communities. Its 2024 grants had a median of $10,000 and ranged from $200 to $112,500, with most funding going to Alabama organizations and projects.
Assets
$114.5M
Grants
521
Total Given
$7.5M
The Community Foundation of Greater Birmingham
Birmingham, AL
The Community Foundation of Greater Birmingham funds programs, projects, and capital improvements across priorities including thriving communities, economic opportunity, poverty reduction, and equity. Its 2024 grants had a median of about $20,600, though awards varied widely; competitive grants support eligible organizations serving Blount, Jefferson, Shelby, and St. Clair counties in Alabama. It accepts competitive requests through periodic application cycles, but the current cycle described is closed.
Assets
$350.7M
Grants
440
Total Given
$43.6M
More similar funders
More Funders in Alabama
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from MG & LG Romine Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
MG & LG Romine Foundation Inc down — hundreds of funders to go?