The A I M Center Inc
- Assets
- $6.7m
- Revenue
- $2.0m
- Investments
- $1.9m
- Employees
- 40
- Location
- Chattanooga, TN
- Founding
- 08/1987
- Data as of
- 06/2022
- EIN
- 58-1718368
Organization Overview
The A I M Center Inc is located in Chattanooga, TN. The organization was established in 1987. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, A I M Center Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A I M Center 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 06/2022, A I M Center Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INDIVIDUALS WITH MENTAL ILLNESSES SUPPORT SERVICES TO ACHIEVE AND SUSTAIN A LEVEL OF MENTAL AND EMOTIONAL WELLBEING CONSISTENT WITH LIVING IN AND CONTRIBUTING TO THE COMMUNITY.
Describe the Organization's Program Activity:
THE A.I.M. CENTER INC. PROVIDES ENCOURAGEMENT AND ASSISTANCE TO INDIVIDUALS WITH MENTAL ILLNESSES FOR THE PURPOSE OF EQUIPPING THOSE INDIVIDUALS TO LIVE AND WORK INDEPENDENTLY IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Protano-Biggs President | Officer | 37.5 | $99,733 |
Ginger R Storrar Chief Operations Officer | Officer | 37.5 | $65,718 |
Phyllis Mescon Vice Chair | OfficerTrustee | 1 | $0 |
Martha Westbrook Secretary | OfficerTrustee | 1 | $0 |
Trae Cotton Chair | OfficerTrustee | 1 | $0 |
Laura Lundy Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,700,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,844,683 |
| Total Program Service Revenue | $8,587 |
| Investment income | $37,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,008,449 |
| 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. | $114,441 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,287,767 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,256 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,204 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,431 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,552 |
| Insurance | $5,238 |
| All other expenses | $50,005 |
| Total functional expenses | $2,070,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $260,998 |
| 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 | $21,832 |
| Net Land, buildings, and equipment | $3,795,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,934,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,154 |
| Total assets | $6,705,240 |
| Accounts payable and accrued expenses | $115,061 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $130,061 |
| Net assets without donor restrictions | $6,575,179 |
| 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 | $6,705,240 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The A I M Center Inc has recieved totaling $124,791.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Chattanooga Chattanooga, TN PURPOSE: TO DEVELOP SELF SUFFICIENCY SKILLS | $77,291 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: AIM FORWARD - FALL 2021 | $15,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: EMERGING YOUNG ADULTS (WORKING TITLE) | $15,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: $5,000 FOR BONNIE CURREY ART AND $5,000 FOR GENERAL OPERATING | $10,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: 2021 ANNUAL FUND | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifespan Incorporated Charlotte, NC | $15,854,360 | $20,547,610 |
Progressive Directions Inc Clarksville, TN | $6,267,368 | $17,802,978 |
Employment Source Inc Fayetteville, NC | $11,512,831 | $17,714,777 |
Emory Valley Center Inc Oak Ridge, TN | $13,502,943 | $17,151,005 |
Soar 365 Richmond, VA | $23,580,904 | $17,622,374 |
Rainbow Of Challenges Inc Hope, AR | $14,503,982 | $15,809,301 |
Michael Dunn Center Kingston, TN | $4,914,167 | $15,172,268 |
Progressive Healthcare Providers Inc Collierville, TN | $3,689,907 | $14,306,238 |
Community Living Inc Saint Peters, MO | $12,260,618 | $12,484,742 |
Independent Case Management Inc Little Rock, AR | $18,922,194 | $18,125,216 |
Goodwill Services Inc Richmond, VA | $4,923,731 | $11,570,082 |
Willows Way Inc St Charles, MO | $9,490,515 | $12,600,530 |