Nonprofit · EIN 63-1154984
WALKER AREA COMMUNITY FOUNDATION
Tax-exempt · JASPER, AL 35502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $44,773,202 | $11,349,933 | $33,423,269 | $196,103,884 | $21,894 | $196,081,990 |
| December 31, 2024 | 990 | $32,625,183 | $10,453,655 | $22,171,528 | $151,933,359 | $34,162 | $151,899,197 |
| December 31, 2023 | 990 | $9,167,031 | $7,112,593 | $2,054,438 | $127,913,751 | $166,993 | $127,746,758 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $38,491,160
- Program service revenue
- $0
- Investment income
- $6,270,577
- Net gain from sales of assets
- $2,422,306
- Other revenue
- $11,465
Expenses
- Grants and similar amounts paid
- $7,964,996
- Compensation of officers, directors and key employees
- $360,000
- Other salaries and wages
- $760,499
- Salaries, compensation and benefits (total)
- $1,308,705
- Professional fundraising fees
- $0
- Accounting fees
- $12,200
- Occupancy
- $189,726
- Travel
- $28,063
- Depreciation
- $75,293
- Program services (functional)
- $10,281,188
- Management and general (functional)
- $504,007
- Fundraising (functional)
- $564,738
Balance sheet and other
- Total assets, start of year
- $151,933,359
- Total assets, end of year
- $196,103,884
- Total liabilities, end of year
- $21,894
- Net assets, end of year
- $196,081,990
- Land, buildings and equipment
- $26,617,086
- Publicly traded securities
- $168,554,362
- Net assets without donor restrictions
- $167,423,082
- Net assets with donor restrictions
- $28,658,908
- Gross unrelated business income
- $2,422,306
- Gross receipts
- $44,773,202
- Employees
- 11
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNEDY PAUL | PRESIDENT Officer | 40 | $215,000 |
| RHODES HARRIS | CHIEF FINANCIAL OFFICER Officer | 40 | $145,000 |
| ULZ LAURA | DIRECTOR Trustee or director | 1 | $0 |
| CALLAHAN KEVIN F | DIRECTOR Trustee or director | 1 | $0 |
| JACKSON EDWARD | DIRECTOR Trustee or director | 1 | $0 |
| STUKES BETH THORNE | DIRECTOR Trustee or director | 1 | $0 |
| WARREN J DOUGLAS | DIRECTOR Trustee or director | 1 | $0 |
| THORNLEY SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| ALLEN ROBBIN REED | DIRECTOR Trustee or director | 1 | $0 |
| GILBERT DREW | DIRECTOR Trustee or director | 1 | $0 |
| LAIRD MATTHEW | SECRETARY AND TREASURER Trustee or director, Officer | 1 | $0 |
| DONALDSON EMILY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| NOLEN JR ROBERT B | CHAIRMAN Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNEDY PAUL | PRESIDENT Officer | 40 | $185,405 |
| RHODES HARRIS | CHIEF FINANCIAL OFFICER Officer | 40 | $108,383 |
| DONALDSON EMILY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ULZ LAURA | DIRECTOR Trustee or director | 1 | $0 |
| LAIRD MATTHEW | DIRECTOR Trustee or director | 1 | $0 |
| JACKSON EDWARD | DIRECTOR Trustee or director | 1 | $0 |
| NOLEN JR ROBERT B | SECRETARY AND TREASURER Trustee or director, Officer | 1 | $0 |
| STUKES BETH THORNE | DIRECTOR Trustee or director | 1 | $0 |
| WARREN J DOUGLAS | DIRECTOR Trustee or director | 1 | $0 |
| CALLAHAN KEVIN F | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| THORNLEY SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| ALLEN ROBBIN REED | DIRECTOR Trustee or director | 1 | $0 |
| GILBERT DREW | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul W Kennedy | President Officer | 40 | $161,559 |
| Harris Rhodes | Chief Financial Officer Officer | 40 | $94,608 |
| Donaldson Emily | Vice Chair Trustee or director, Officer | 1 | $0 |
| Drummond Abbie | Director Trustee or director | 1 | $0 |
| Globetti Steve G | Director Trustee or director | 1 | $0 |
| Jackson Edward | Director Trustee or director | 1 | $0 |
| Nolen Jr Robert B | Secretary and Treasurer Trustee or director, Officer | 1 | $0 |
| Stukes Beth Thorne | Director Trustee or director | 1 | $0 |
| Warren J Douglas | Director Trustee or director | 1 | $0 |
| Callahan Kevin F | Chairman Trustee or director, Officer | 1 | $0 |
| Thornley Scott | Director Trustee or director | 1 | $0 |
| Allen Robbin Reed | Director Trustee or director | 1 | $0 |
| Haig Wright II | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 171, JASPER, AL 35502-0171
- In care of
- % JOHN T OLIVER JR
- Principal officer (990 for 2025)
- PAUL W KENNEDY, PO BOX 171, JASPER, AL 35502
- Signed the 990
- PAUL W KENNEDY, PRESIDENT
- Phone
- (205) 302-0001
- Website
- WWW.WACF.ORG
- Return prepared by
- HAYNES DOWNARD LLP
Mission
TO SERVE AS A NONPROFIT DEDICATED TO THE NURTURE AND ADVANCEMENT OF THE COMMUNITY THROUGH FORMING AND PRESERVING CHARITABLE CAPITAL, AND USING THE PROCEEDS OF THAT CAPITAL TO BETTER THE COMMUNITY AS A WHOLE.
Program accomplishments
- WALKER AREA COMMUNITY FOUNDATION PROVIDES GRANTS TO PROMOTE THE COMMUNITY HEALTH AND SOCIAL WELFARE OF CITIZENS WITHIN THE AREA TRADITIONALLY SERVED BY THE WALKER COUNTY HOSPITAL OR AS RECOMMENDED BY FUND ADVISORS AND APPROVED BY THE BOARD OF DIRECTORS TO 501(C)(3) ORGANIZATIONS OUTSIDE OF THE GENERAL SERVICE AREA.Expenses $10,281,188 · grants $7,964,996
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 63-1154984
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $196,103,884
- Income (IRS master file)
- $44,773,202
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $44,773,202 | $11,349,933 | $196,103,884 | IRS |
| 990 | December 2024 | $32,625,183 | $10,453,655 | $151,933,359 | XML |
| 990 | December 2023 | $9,167,031 | $7,112,593 | $127,913,751 | XML |
| 990 | December 2022 | $36,030,350 | $5,508,194 | $114,594,345 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 63-1154984).
Questions about WALKER AREA COMMUNITY FOUNDATION
- What is the EIN of WALKER AREA COMMUNITY FOUNDATION?
- The employer identification number (EIN) of WALKER AREA COMMUNITY FOUNDATION is 63-1154984.
- Is WALKER AREA COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to WALKER AREA COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WALKER AREA COMMUNITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WALKER AREA COMMUNITY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALKER AREA COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WALKER AREA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2025 names PAUL W KENNEDY.
- Who are the officers and directors of WALKER AREA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $215,000 (KENNEDY PAUL, PRESIDENT).
- How much revenue does WALKER AREA COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $44,773,202, expenses of $11,349,933 and total assets of $196,103,884 at year end.
Other nonprofits in JASPER
- WALKER COLLEGE FOUNDATION EIN 63-0369216 · last filed 990 for 2024
- BEVILL FOUNDATION INC EIN 72-1376338 · last filed 990-PF for 2025
- A CUP OF WATER INC EIN 81-4490210 · last filed 990-N for 2025
- FRIENDS OF THE WALKER AREA COMMUNITY FOUNDATION EIN 33-1552094 · last filed 990-N for 2025
- NORTHWEST ALABAMA MENTAL HEALTH CENTER EIN 63-0524073 · last filed 990 for 2025
- THE ARC OF WALKER COUNTY EIN 63-0760044 · last filed 990 for 2024
- COMMUNITY OPTIONS INC EIN 35-2202393 · last filed 990 for 2025
- MUSGROVE COUNTRY CLUB INC EIN 63-0263276 · last filed 990 for 2025
All nonprofits in JASPER · Alabama · Philanthropy, voluntarism and grantmaking foundations