Southern Appalachian Labor School Foundation Incorporated
- Assets
- $2.5m
- Revenue
- $873.7k
- Investments
- $0.0
- Employees
- 13
- Location
- Kincaid, WV
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 55-0620198
Organization Overview
Southern Appalachian Labor School Foundation Incorporated is located in Kincaid, WV. The organization was established in 1983. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Southern Appalachian Labor School Foundation Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Appalachian Labor School Foundation Incorporated 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, Southern Appalachian Labor School Foundation Incorporated generated $873.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $761.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES EDUCATION, TRAINING, & CONTACT WITH LABOR GROUPS FOR HIGH SCHOOL DROP-OUTS TO OBTAIN CERTIFICATIONS & LICENSES FOR SKILLED LABOR. ALSO, HOUSING COUNSELING AND DECENT HOUSING IS PROVIDED FOR LOW-INCOME & MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTHBUILD IS OUR BIGGEST PROJECT AND WE HELP HIGH SCHOOL DROPOUTS OBTAIN THEIR GEDS, AND TO GO ON TO OBTAIN CERTIFICATIONS & LICENSES FOR SKILLED LABOR. WE WORK WITH LABOR GROUPS AND THE COMMUNITY TO PROVIDE HOUSING COUNSELING AND DECENT HOUSING TO LOW-INCOME AND MODERATE INCOME FAMILIES. WITH OUR TRAINED WORKERS, SKILLED CONSULTANTS, AND VOLUNTEERS, WE ENGAGE IN THE PRODUCTION OF AFFORDABLE HOUSING. A LARGE PART OF OUR RESOURSES ARE ALSO USED TO REPAIR AND MAKE ALTERATIONS TO OWNER-OCCUPIED HOMES TO BRING THEM TO A LIVABLE STANDARD.
OUR FEED AND READ PROGRAM PROVIDES MEALS FOR SCHOOL CHILDREN AFTER SCHOOL AND DURING SUMMER BREAK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Bass Director | Trustee | 1 | $0 |
Wayne Armstrong Director | Trustee | 1 | $0 |
Brenda Winter Director | Trustee | 1 | $0 |
Bill Laird Director | Trustee | 1 | $0 |
Donna Platter Director | Trustee | 1 | $0 |
Gary Zuckett Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,011 |
| All other contributions, gifts, grants, and similar amounts not included above | $540,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,172 |
| Total Program Service Revenue | $250,951 |
| Investment income | $636 |
| 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 | $873,693 |
| 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 | $164,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,358 |
| Payroll taxes | $13,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $10,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,871 |
| Advertising and promotion | $0 |
| Office expenses | $14,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,621 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,242 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,906 |
| Insurance | $54,500 |
| All other expenses | $0 |
| Total functional expenses | $760,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,916 |
| Savings and temporary cash investments | $212,957 |
| Pledges and grants receivable | $65,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,584,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,514,451 |
| Accounts payable and accrued expenses | $115,706 |
| 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 | $1,848,634 |
| Unsecured mortgages and notes payable | $8,015 |
| Other liabilities | $0 |
| Total liabilities | $1,972,355 |
| Net assets without donor restrictions | $542,096 |
| 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 | $2,514,451 |