The Thomas B and Michael F Barnett

MOBILE, AL EIN: 63-6159417

The Thomas B and Michael F Barnett is a private foundation, based in MOBILE, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $686K in total assets. In 2024, it awarded 3 grants totaling $55K. Net investment income was $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$686K

-6.0% YoY

Annual Giving

$55K

+12.4% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$18K

-25.1% YoY

Under IRS private-foundation payout rules, The Thomas B and Michael F Barnett reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About The Thomas B and Michael F Barnett

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Alabama $188K (100%)

States

Alabama

Cities

ElbertaFairhopeMobile

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$686,214	$730,064	$796,979
Revenue	$25,267	$-1,531	$18,443
Expenses	$69,119	$64,879	$47,147
Qualifying Distributions	$55,072	$49,000	$32,800
Net Investment Income	$4,993	$1,932	$9,829
Distributable Amount	$1,286	$39,197	$44,603

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 2024

Grant Size Distribution

13 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St Michaels Catholic School ($43,680), St Mary Catholic School ($10,192), First Light Community of Mobile ($1,200).

Recipient	Purpose	Amount
ST MARY CATHOLIC SCHOOL MOBILE, AL	CHARITABLE DONATION	$10,192
FIRST LIGHT COMMUNITY OF MOBILE MOBILE, AL	CHARITABLE DONATION	$1,200
ST MICHAELS CATHOLIC SCHOOL FAIRHOPE, AL	CHARITABLE DONATION	$43,680

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
OAKWORTH CAPITAL BANK	TRUSTEE	1	$6,000

Frequently Asked Questions

How large is The Thomas B and Michael F Barnett?

As of 2024, The Thomas B and Michael F Barnett holds $686K in total assets with $25K in annual revenue. It awarded 3 grants totaling $55K in 2024.

Where does The Thomas B and Michael F Barnett operate?

The Thomas B and Michael F Barnett has awarded grants in Alabama.

What size grants does The Thomas B and Michael F Barnett award?

In 2024, The Thomas B and Michael F Barnett awarded 3 grants totaling $55K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is The Thomas B and Michael F Barnett required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Thomas B and Michael F Barnett reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Thomas B and Michael F Barnett's EIN?

The Thomas B and Michael F Barnett's EIN (Employer Identification Number) is 63-6159417. IRS Form 990 filing data is available on this page for 2020–2024.