Ssab Foundation for Education Inc

Foundation · Grantmaker MOBILE, AL EIN: 20-1173879

Ssab Foundation for Education Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $117K in total assets. In 2023, it awarded 11 grants totaling $100K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$117K

-0.1% YoY

Annual Giving

$100K

+0.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$9K

+0.3% YoY

Under IRS private-foundation payout rules, Ssab Foundation for Education Inc reported a distributable amount of $6K for 2023 — the minimum it must pay out in qualifying distributions.

About Ssab Foundation for Education 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 $300K (100%)

States

Alabama

Cities

AxisChickasawEight MileMount VernonSaralandSatsuma

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$116,634	$116,734	$116,584
Revenue	$100,150	$100,150	$100,150
Expenses	$100,250	$100,000	$100,000
Qualifying Distributions	$100,250	$100,000	$100,000
Net Investment Income	—	—	—
Distributable Amount	$5,752	$6,154	$5,735

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2023

Grant Size Distribution

33 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Satsuma High School ($10,050), Chicasaw Elementary School ($10,050), Collins-Rhodes Elementary School ($10,050).

Recipient	Purpose	Amount
Calcadeaver Elementary School Mount Vernon, AL	To assist public school with needed school supplies	$10,000
Chickasaw High School Chickasaw, AL	To assist public school with needed school supplies	$10,000
Saraland Elementary School Saraland, AL	To assist public school with needed school supplies	$7,500
Saraland Early Education Center Saraland, AL	To assist public school with needed school supplies	$7,500
Saraland High School Saraland, AL	To assist public school with needed school supplies	$7,500
Saraland Middle School Saraland, AL	To assist public school with needed school supplies	$7,500
Satsuma High School Satsuma, AL	To assist public school with needed school supplies	$10,050
Chicasaw Elementary School Chickasaw, AL	To assist public school with needed school supplies	$10,050
Collins-Rhodes Elementary School Eight Mile, AL	To assist public school with needed school supplies	$10,050
North Mobile County Middle School Axis, AL	To assist public school with needed school supplies	$10,050

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
Andrew Bramstedt	Chairman	1	—
Tony Cooper	President	1	—
Jill Vinson	Vice President	1	—
George Chapman	Treasurer	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Ssab Foundation for Education Inc?

Ssab Foundation for Education Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MOBILE, AL. It holds $117K in total assets as of 2023.

How large is Ssab Foundation for Education Inc?

As of 2023, Ssab Foundation for Education Inc holds $117K in total assets with $100K in annual revenue. It awarded 11 grants totaling $100K in 2023.

Where does Ssab Foundation for Education Inc operate?

Ssab Foundation for Education Inc has awarded grants in Alabama.

What size grants does Ssab Foundation for Education Inc award?

In 2023, Ssab Foundation for Education Inc awarded 11 grants totaling $100K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Ssab Foundation for Education Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Ssab Foundation for Education Inc reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Ssab Foundation for Education Inc's EIN?

Ssab Foundation for Education Inc's EIN (Employer Identification Number) is 20-1173879. IRS Form 990 filing data is available on this page for 2020–2023.