Ssab Foundation For Education Inc
- Assets
- $116.6k
- Revenue
- $100.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-1173879
Organization Overview
Ssab Foundation For Education Inc is located in Mobile, AL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ssab Foundation For Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ssab Foundation For Education Inc generated $100.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year.
Since 2021, Ssab Foundation For Education Inc has awarded 33 individual grants totaling $300,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES ONGOING FUNDING FOR LOCAL ALABAMA PUBLIC SCHOOLS. IN THE PAST 10 AREA PUBLIC SCHOOLS WERE PROVIDED BENEFICIAL FUNDING FOR THE PURPOSE OF PURCHASING SCHOOL SUPPLIES. DURING 2020 DUE TO THE SUSPENSION OF CLASSES AND SCHOOL ACTIVITIES DUE TO COVID-19 NO FUNDS WERE SET ASIDE OR DISTRIBUTED TO THE SCHOOLS. IN 2021 AS SCHOOL ACTIVITIES RETURNED TO NORMAL THE FOUNDATION RESUMED SUPPORT OF THE SCHOOLS WITH SUPPORT OF 11 PUBLIC SCHOOLS CONTINUING IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Bramstedt Chairman | 1 | $0 | |
Tony Cooper President | 1 | $0 | |
Jill Vinson Vice President | 1 | $0 | |
George Chapman Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,150 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $100,250 |
| Total expenses and disbursements | $100,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,188 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $112,446 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $116,634 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ssab Foundation For Education Inc has awarded $100,250 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CALCADEAVER ELEMENTARY SCHOOL PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES | $10,000 |
CHICKASAW HIGH SCHOOL PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES | $10,000 |
SARALAND ELEMENTARY SCHOOL PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES | $7,500 |
SARALAND EARLY EDUCATION CENTER PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES | $7,500 |
SARALAND HIGH SCHOOL PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES | $7,500 |
SARALAND MIDDLE SCHOOL PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES | $7,500 |