Alabama School Of Fine Arts Foundation Inc

Organization Overview

Alabama School Of Fine Arts Foundation Inc is located in Birmingham, AL. The organization was established in 1978. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama School Of Fine Arts Foundation 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 09/2021, Alabama School Of Fine Arts Foundation Inc generated $542.5k 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 (8.6%) each year. All expenses for the organization totaled $884.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S PURPOSE IS TO SPONSOR AND ENCOURAGE THE EFFORTS OF THE ALABAMA SCHOOL OF FINE ARTS. THE SCHOOL IS THE BENEFICIARY OF ALL GIFTS AND CHARITABLE DISBURSEMENTS, AND QUALIFIES FOR SUCH DUE TO ITS NOT FOR PROFIT CORPORATE STATUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION - TO SPONSOR AND ENCOURAGE THE EFFORTS OF THE ALABAMA SCHOOL OF FINE ARTS BY ENLISTING PRIVATE SECTOR HELP TO ADDRESS SCHOOL NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Tommy Bice
President-Elect
$0
Robert Raiford
President
$0
Warren Whatley
Secretary/treasurer
$0
Valerie Thompson
Past-President
$0
Shabar Abrams
Director
$0
Uday Bhate
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$168,926
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$168,926
Total Program Service Revenue$56,363
Investment income $16,008
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $301,200
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 $542,497

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Alabama School Of Fine Arts Foundation Inc has recieved totaling $23,517.

Awarding OrganizationAmount
The Community Foundation Of Greater Birmingham

Birmingham, AL

PURPOSE: DOROTHY JEMISOR DAY THEATER IN HONOR OF CORBIN DAY

$13,000
Daniel Foundation Of Alabama

Birmingham, AL

PURPOSE: CHARITABLE

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$517
View Grant Recipient Profile

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