Alliance Area Development Foundation
- Assets
- $712.6k
- Revenue
- $210.5k
- Investments
- $90.6k
- Employees
- 2
- Location
- Alliance, OH
- Founding
- 08/1999
- Data as of
- 06/2020
- EIN
- 31-1652174
Organization Overview
Alliance Area Development Foundation is located in Alliance, OH. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Alliance Area Development Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance Area Development 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 06/2020, Alliance Area Development Foundation generated $210.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $281.0k during the year ending 06/2020. While expenses have increased by 2.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ALLIANCE AREA DEVELOPMENT FOUNDATION IS TO POSITIVELY IMPACT RETENTION OF COMPANIES, TO ASSIST COMPANIES IN THEIR EXPANSION, AND TO ATTRACT NEW COMPANIES TO THE ALLIANCE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AND RESTORE A HEALTHY AND VIGOROUS ECONOMIC AND SOCIAL ENVIRONMENT IN THE CITY OF ALLIANCE, OHIO AND ITS SURROUNDING AREAS THROUGH RETENTION AND EXPNASION OF EXISTING BUSINESSES AND ATTRACTION OF NEW BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Baxter President | Officer | 40 | $103,000 |
Scott Robertson Chair | OfficerTrustee | 1 | $0 |
William Lavery Vice Chair | OfficerTrustee | 0.5 | $0 |
Doug Schwarz Secretary | OfficerTrustee | 0.3 | $0 |
Joe Gerzina Treasurer | OfficerTrustee | 1 | $0 |
Dr Tom Botzman Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,350 |
| Investment income | $15,961 |
| 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 | $210,486 |
| Statement of Expenses | |
|---|---|
| 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. | $81,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,488 |
| Pension plan accruals and contributions | $3,759 |
| Other employee benefits | $0 |
| Payroll taxes | $3,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168 |
| Fees for services: Accounting | $9,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,220 |
| Advertising and promotion | $15,147 |
| Office expenses | $1,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,954 |
| Interest | $2,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,049 |
| Insurance | $2,089 |
| All other expenses | $0 |
| Total functional expenses | $280,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,582 |
| Savings and temporary cash investments | $83,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $223,252 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $90,604 |
| Investments—program-related | $0 |
| Intangible assets | $2,225 |
| Other assets | $0 |
| Total assets | $712,602 |
| Accounts payable and accrued expenses | $6,612 |
| 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 | $213,104 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $219,716 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $492,886 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alliance Area Development Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Aultman Health Foundation Canton, OH PURPOSE: 2021 AAD CHARITABLE CONTRIBUTION - ALLIANCE AREA DEVELOPMENT | $20,000 |
Endowment Analysis
| Beg. Balance | $50,706 |
| Earnings | -$4,619 |
| Admin Expense | $661 |
| Ending Balance | $45,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Capital Area Community Services Inc Lansing, MI | $6,281,706 | $28,298,422 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Corporation For Ohio Appalachian Development Athens, OH | $7,078,759 | $21,339,241 |