Alabama Marines Foundation
- Assets
- $269.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 45-4650370
Organization Overview
Alabama Marines Foundation is located in Tuscaloosa, AL. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public 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. Alabama Marines 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 12/2023, Alabama Marines Foundation generated $145.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $94.8k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONTRIBUTIONS TO OTHER LIKE MINDED GROUPS TO HELP SUPPORT AND PROMOTE THE BETTERMENT FOR MARINES AND THEIR FAMILIES. THESE GRANTS WENT TO VARIOUS RESERVE OFFICERS' TRAINING CORPS (ROTC), OTHER MARINE DETACHMENTS, AND SCHOLARSHIPS TO HELP SUPPORT MARINES, THEIR FAMILIES, AND TO PROVIDE A POSITIVE EXAMPLE TO HELP WITH RECRUITING FUTURE MARINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Busby Treasurer | 0 | $0 | |
Forrest Fitts Chairman | 0 | $0 | |
Jim Mclean Vice Chairma | 0 | $0 | |
Ray Looney Ex-Officio | 0 | $0 | |
Ryan Leach Ex-Officio | 0 | $0 | |
Ltgen Willie William Usmc Ret Ex-Officio | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $124,073 |
| Other Revenue | $0 |
| Total Revenue | $145,090 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $45,412 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,441 |
| Total expenses | $94,835 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,636 |
| Other assets | $0 |
| Total assets | $269,801 |
| Total liabilities | $0 |
| Net assets or fund balances | $269,801 |