Apt Foundation
- Assets
- $1.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 11/2009
- Data as of
- 09/2023
- EIN
- 26-3740432
Organization Overview
Apt Foundation is located in Birmingham, AL. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apt Foundation 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 09/2023, Apt Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.4m during the year ending 09/2023. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE APT FOUNDATION (APTF) IS A NONPROFIT CORPORATION UNDER THE ALABAMA NONPROFIT CORPORATION ACT. IT WAS FORMED SOLELY AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF AND TO PROVIDE FINANCIAL SUPPORT FOR THE ALABAMA EDUCATIONAL TELEVISION COMMISSION (AETC) WHO'S NINE PUBLIC TELEVISION STATIONS AND ONE FM PUBLIC RADIO STATION ARE LICENSED TO THE STATE OF ALABAMA BY THE FEDERAL COMMUNICATIONS COMMISSION. THE FUNDS RAISED BY THE APTF SUPPLEMENT THE BUDGET OF THE AETC THROUGH ITS PUBLIC FOUNDATION, THE ALABAMA EDUCATIONAL TELEVISION FOUNDATION AUTHORITY (AETFA). TOGETHER, THE AETC AND THE AETFA OPERATE AND DO BUSINESS AS ALABAMA PUBLIC TELEVISION UNDER THE BRAND NAME OF APT WHICH IS WIDELY RECOGNIZED THROUGHOUT THE STATE AS WELL AS NATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE APTF'S PRIMARY SERVICE IS TO RAISE FUNDS TO PROVIDE AN ANNUAL OPERATING GRANT TO APT. THE APTF DOES THIS BY PROVIDING AN OPERATING GRANT TO APT AFTER PAYING FOR ALL FUNDRAISING EXPENSES AND ITS ALLOCATED SHARE OF OVERHEAD EXPENSES.
APT LEASES THE MAJORITY OF ITS CONTENT FOR TELEVISION FROM THE PUBLIC BROADCAST SERVICE (PBS) AND IS A MEMBER AFFILIATE OF THIS DISTRIBUTOR. APT ALSO LEASES A SMALLER AMOUNT OF ITS CONTENT NEEDS FROM VARIOUS OTHER DISTRIBUTORS. THE APTF ASSISTED DIRECTLY WITH THE COSTS OF PURCHASING AND PROMOTING THESE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip F Hutcheson Board Member | Trustee | 1 | $0 |
Johnny L Curry Board Member | Trustee | 1 | $0 |
Ferris W Stephens Board Member | Trustee | 1 | $0 |
Barry B Copeland Board Member | Trustee | 1 | $0 |
D Wayne Reid Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegiance Fundraising Llc Direct Mail Services | 9/29/23 | $453,261 |
Creative Links Website Administration | 9/29/23 | $121,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,805,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,807,046 |
| Total Program Service Revenue | $0 |
| Investment income | $19,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,826,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $603,502 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,669 |
| Advertising and promotion | $576,851 |
| Office expenses | $128,303 |
| Information technology | $27,689 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,722 |
| Interest | $0 |
| Payments to affiliates | $1,728,519 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,708 |
| All other expenses | $130,940 |
| Total functional expenses | $3,434,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,513,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,477 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,542,386 |
| Accounts payable and accrued expenses | $100,311 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,311 |
| Net assets without donor restrictions | $1,442,075 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,542,386 |