Friends Of Arts And Magnet Education Inc
- Assets
- $82.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-1297899
Organization Overview
Friends Of Arts And Magnet Education Inc, operating under the name Fame, is located in Montgomery, AL. The organization was established in 2015. 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. Fame 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 12/2022, Fame generated $38.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $21.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAME'S PURPOSE IS TO SUPPORT, FINANCIALLY AND THROUGH IN-KIND EFFORTS, THE EDUCATIONAL MISSION OF BTW, A PUBLIC HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3
SUPPORT THE EDUCATIONAL EFFORTS OF BTW
HELP THE SCHOOL COLLECT FUNDS CONTRIBUTED TO REBUILD THE SCHOOL AFTER A DISASTROUS SCHOOL FIRE. AND HELP THE SCHOOL DISBURSE THE FUNDS IN SUCH A WAY AS THE OPERATIONS AND CLASSES CAN CONTINUE WITH AS LITTLE DISRUPTION AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Charbonneau President | 15 | $0 | |
Paula Lyman Vice Preside | 10 | $0 | |
Suzy Highland Secretary | 5 | $0 | |
Lillian G Martin Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,985 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $171 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,500 |
| Other Revenue | $0 |
| Total Revenue | $38,656 |
| 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 | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $372 |
| Other expenses | $2,604 |
| Total expenses | $21,803 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,440 |
| Other assets | $0 |
| Total assets | $82,440 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,440 |