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Filing year 2024

MICHAEL & LOIS RUSSELL FAMILY FOUNDATION

Elberta, Alabama·EIN 34-7084133·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$67k
Total assets
$781k
Total expenses
$53k
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. MICHAEL & LOIS RUSSELL FAMILY FOUNDATION reported 4 unpaid officers and board members on its 990-PF.

Trustee
Trustee
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$50k

Itemized grants

10

Median grant

$5k

RecipientLocationPurposeAmount
BALDWIN CO SHERIFF'S BOYS RANCHSUMMERDALE, ALOPERATING FUND$7k
LILLIAN UNITED METHODIST CHURCHLILLIAN, ALOPERATING FUND$6k
LILLIAN VOLUNTEER FIRE DEPTLILLIAN, ALOPERATING FUND$6k
LILLIAN PERDIDO BAY LIBRARYLILLIAN, ALOPERATING FUND$5k
LILLIAN RECREATIONAL PARK INCLILLIAN, ALOPERATING FUND$5k
WORLD WAR II MUSEUMNEW ORLEANS, LAOPERATING FUND$5k
YMCA CAMP FITCHNEW SPRINGFIELD, PAOPERATING FUND$5k
MARY'S SHELTERELBERTA, ALOPERATING FUND$4k
SALVATION ARMY OF COASTAL ALABAMAMOBILE, ALOPERATING FUND$4k
SOUTH BALDWIN CHRISTIAN CHURCHFOLWY, ALFOOD PANTRY$3k
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Financial trend

Revenue and expenses over time

MICHAEL & LOIS RUSSELL FAMILY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$47k
$47k
2023
$67k
$53k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Alabama

MICHAEL & LOIS RUSSELL FAMILY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Alabama earns a median of $10,858.

25th percentile
$5k
Median
$10,858
75th percentile
$33k
90th percentile
$98k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 513 organizations across 513 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Alabama
FAQ

Common questions about MICHAEL & LOIS RUSSELL FAMILY FOUNDATION

What are MICHAEL & LOIS RUSSELL FAMILY FOUNDATION's revenue and expenses?

In 2024, MICHAEL & LOIS RUSSELL FAMILY FOUNDATION reported $67k in total revenue and $53k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.