The Correll Family Foundation Inc

Atlanta, GA
Tax-exempt since Dec. 2005
EIN: 13-4311179

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.04M (2023)

Expenses

$2.85M (2023)

Total Assets

$33.2M (2023)

Total Liabilities

$36.6k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$1,041,933

Expenses

$2,849,834

Net Income

-$1,807,901

Net Assets

$33,116,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,653	1.1%
Interest Revenue	$470,010	45.1%
Dividends	$599,605	57.5%
Sales of Assets	-$42,127
Other Income	$2,792	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,524,073	88.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,153,107
Total Liabilities	$36,625
Net Assets	$33,116,482

Compensation

Key Employees and Officers	Compensation	Other
Ada F Correll (Director/Secretary)	$0	$0
Elizabeth Richards (Director)	$0	$0
Alston D Correll Iii (Director)	$0	$0

990-PF

Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$6,322,537

Expenses

$2,685,152

Net Income

$3,637,385

Net Assets

$34,746,443

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000,480	47.5%
Interest Revenue	$3,126	0.0%
Dividends	$1,212,134	19.2%
Sales of Assets	$2,013,362	31.8%
Other Income	$93,435	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,311,925	86.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$34,854,103
Total Liabilities	$107,660
Net Assets	$34,746,443

Compensation

Key Employees and Officers	Compensation	Other
Ada F Correll (Director/Secretary)	$0	$0
Elizabeth Richards (Director)	$0	$0
Alston D Correll Iii (Director)	$0	$0

990-PF

Filed on May 3, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$3,485,061

Expenses

$3,851,063

Net Income

-$366,002

Net Assets

$31,676,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$694	0.0%
Dividends	$1,011,591	29.0%
Sales of Assets	$2,371,251	68.0%
Other Income	$101,525	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,299,000	85.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$31,676,107
Total Liabilities	$0
Net Assets	$31,676,107

Compensation

Key Employees and Officers	Compensation	Other
Alston D Correll Deceased 052521 (Director/Treasurer)	$0	$0
Ada F Correll (Director/Secretary)	$0	$0
Elizabeth Richards (Director)	$0	$0
Alston D Correll Iii (Director)	$0	$0

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990-PF

Filed on March 31, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$538,934

Expenses

$2,268,692

Net Income

-$1,729,758

Net Assets

$32,042,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,897	2.4%
Dividends	$1,257,530	> 100%
Sales of Assets	$0
Other Income	$159,874	29.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,843,000	81.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,042,109
Total Liabilities	$1
Net Assets	$32,042,108

Compensation

Key Employees and Officers	Compensation	Other
Alston D Correll (Director/Treasurer)	$0	$0
Ada F Correll (Director/Secretary)	$0	$0
Elizabeth Richards (Director)	$0	$0
Alston D Correll Iii (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2019

Revenue

$2,973,916

Expenses

$4,230,907

Net Income

-$1,256,991

Net Assets

$38,433,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,000	0.3%
Dividends	$1,185,955	39.9%
Sales of Assets	$1,244,593	41.9%
Other Income	$535,368	18.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,803,000	89.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$38,433,283
Total Liabilities	$0
Net Assets	$38,433,283

Compensation

Key Employees and Officers	Compensation	Other
Alston D Correll (Director Tr.)	$0	$0
Ada F Correll (Director Sec)	$0	$0
Elizabeth Richards (Director)	$0	$0
Alston D Correll Iii (Director)	$0	$0

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990-PF

Filed on Nov. 7, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$4,894,727

Expenses

$4,620,641

Net Income

$274,086

Net Assets

$39,486,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,642	0.2%
Dividends	$1,397,753	28.6%
Sales of Assets	$3,477,615	71.0%
Other Income	$11,717	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,264,433	92.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$39,486,454
Total Liabilities	$0
Net Assets	$39,486,454

Compensation

Key Employees and Officers	Compensation	Other
Alston D Correll (Director Tr.)	$0	$0
Ada F Correll (Director Sec)	$0	$0
Elizabeth Richards (Director)	$0	$0
Alston D Correll Iii (Director)	$0	$0

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990-PF

Filed on Nov. 6, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2017

Revenue

$1,647,140

Expenses

$4,154,666

Net Income

-$2,507,526

Net Assets

$40,825,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,763	0.3%
Dividends	$1,252,483	76.0%
Sales of Assets	$289,588	17.6%
Other Income	$100,306	6.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,788,500	91.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$40,825,927
Total Liabilities	$0
Net Assets	$40,825,927

Compensation

Key Employees and Officers	Compensation	Other
Alston D Correll (Director Tr.)	$0	$0
Ada F Correll (Director Sec)	$0	$0
Elizabeth Richards (Director)	$0	$0
Alston D Correll Iii (Director)	$0	$0

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990-PF

Filed on Nov. 30, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2016

Revenue

$2,972,046

Expenses

$1,701,510

Net Income

$1,270,536

Net Assets

$40,918,942

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$579	0.0%
Dividends	$1,238,323	41.7%
Sales of Assets	$1,659,928	55.9%
Other Income	$73,216	2.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,402,500	82.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$40,919,036
Total Liabilities	$94
Net Assets	$40,918,942

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2015

Revenue

$3,117,906

Expenses

$2,211,727

Net Income

$906,179

Net Assets

$40,631,592

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,532,880	49.2%
Interest Revenue	$658	0.0%
Dividends	$2,017,807	64.7%
Sales of Assets	$0
Other Income	$48,856	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,962,500	88.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$40,631,592
Total Liabilities	$0
Net Assets	$40,631,592

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$4,951,893

Expenses

$6,697,121

Net Income

-$1,745,228

Net Assets

$41,146,453

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,027,817	61.1%
Interest Revenue	$837	0.0%
Dividends	$2,367,268	47.8%
Sales of Assets	$0
Other Income	$4,229	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,366,834	95.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$41,146,453
Total Liabilities	$0
Net Assets	$41,146,453

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$3,292,671

Expenses

$6,212,051

Net Income

-$2,919,380

Net Assets

$39,146,425

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,576	0.1%
Dividends	$2,350,613	71.4%
Sales of Assets	$959,585	29.1%
Other Income	-$21,103

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,892,500	94.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$39,146,425
Total Liabilities	$0
Net Assets	$39,146,425

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$5,360,204

Expenses

$2,459,743

Net Income

$2,900,461

Net Assets

$42,925,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	9.3%
Interest Revenue	$8,611	0.2%
Dividends	$2,373,449	44.3%
Sales of Assets	$2,478,144	46.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,256,500	91.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$42,925,034
Total Liabilities	$0
Net Assets	$42,925,034

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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The Correll Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.04M (2023)

Expenses $2.85M (2023)

Total Assets $33.2M (2023)

Total Liabilities $36.6k (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2011

Revenue

$1.04M (2023)

Expenses

$2.85M (2023)

Total Assets

$33.2M (2023)

Total Liabilities

$36.6k (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006