Snead State Community College Foundation
Snead State Community College Foundation is a private foundation focused on International, Foreign Affairs & National Security, based in BOAZ, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 2 grants totaling $361K. Net investment income was $151K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.3M
+22.1% YoY
Annual Giving
$361K
+42.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$180K
+42.1% YoY
Under IRS private-foundation payout rules, Snead State Community College Foundation reported a distributable amount of $230K for 2024 — the minimum it must pay out in qualifying distributions.
About Snead State Community College Foundation
Based on IRS filings
Snead State Community College Foundation is a private foundation focused on International, Foreign Affairs & National Security, based in BOAZ, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 2 grants totaling $361K. Net investment income was $151K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,280,920 | $4,325,878 | $2,346,557 |
| Revenue | $1,024,778 | $2,471,921 | $46,061 |
| Expenses | $399,157 | $291,981 | $41,614 |
| Qualifying Distributions | $360,999 | $254,079 | $37,316 |
| Net Investment Income | $151,134 | $80,640 | $804 |
| Distributable Amount | $230,195 | $147,058 | $28,574 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Snead State Community College ($294,582), Various Students at Snead State Community College ($66,417).
| Recipient | Purpose | Amount |
|---|---|---|
| SNEAD STATE COMMUNITY COLLEGE BOAZ, AL | CAPITAL CONTRIBUTIONS AND SUPPORT OF STUDENT ORGANIZATIONS PAID TO SNEAD STATE COMMUNITY COLLEGE. | $294,582 |
| VARIOUS STUDENTS AT SNEAD STATE COMMUNITY COLLEGE BOAZ, AL | TUITION FOR SCHOLARSHIP AWARDED | $66,417 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACK HANCOCK | TREASURER | — | — |
| FRANK MCDANIEL | PRESIDENT | — | — |
| SHANE WILKS | DIRECTOR | — | — |
| SENATOR CLAY SCOFIELD | DIRECTOR | — | — |
| FELICIA SIMPSON | DIRECTOR | — | — |
| BOB WEATHERS | VICE PRESIDENT | — | — |
| SCOTT BOBO | DIRECTOR | — | — |
| DR MESSALINA JORDAN | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Snead State Community College Foundation?
Snead State Community College Foundation is a private foundation focused on International, Foreign Affairs & National Security, based in BOAZ, AL. It holds $5.3M in total assets as of 2024.
How large is Snead State Community College Foundation?
As of 2024, Snead State Community College Foundation holds $5.3M in total assets with $1.0M in annual revenue. It awarded 2 grants totaling $361K in 2024.
Where does Snead State Community College Foundation operate?
Snead State Community College Foundation has awarded grants in Alabama.
What size grants does Snead State Community College Foundation award?
In 2024, Snead State Community College Foundation awarded 2 grants totaling $361K — an average of about $180K per grant, based on its IRS Form 990 filings.
How much is Snead State Community College Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Snead State Community College Foundation reported a distributable amount of $230K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Snead State Community College Foundation's EIN?
Snead State Community College Foundation's EIN (Employer Identification Number) is 63-1022415. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Snead State Community College Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.