Act Albany Community Together Inc
- Assets
- $9.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Albany, GA
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 58-2497789
Organization Overview
Act Albany Community Together Inc is located in Albany, GA. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Act Albany Community Together Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Act Albany Community Together 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 12/2023, Act Albany Community Together Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT LOANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES (LOANS) SERVICING EXISTING LOANS FUNDED 17 LOANS FOR $2,797,642 CREATING 266 JOBS. (15 LOANS TO SOCIALLY AND ECONOMICALLY DISADVANTAGE INDIVIDUALS) (6 WOMEN OWNED). PRIVATE SECTOR DOLLARS LEVERAGED $
TECHNICAL ASSISTANCE: PARTICIPATED IN AND HOSTED MONTHLY ENTREPRENURIAL AND SMALL BUSINESS DEVELOPMENT CONFERENCES. PARTICIPATED IN AND HOSTED WEEKLY BUSINESS START-UP TECHNICAL ASSISTANCE MEETINGS. PROVIDED TECHNICAL ASSISTANCE TO 627 INDIVIDUALS AND 2195 TECHNICAL HOURS FOR WORHSHOPS AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Tomlinson Board Chairman | Trustee | 0 | $0 |
Trent Williams Board Member | Trustee | 0 | $0 |
Valerie Brown-Williams Board Member | Trustee | 0 | $0 |
Easter Hardy Board Member | Trustee | 0 | $0 |
Jennifer Wilson Board Member | Trustee | 0 | $0 |
Thelma Johnson President/ceo | Officer | 40 | $115,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,673,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,687,465 |
| Total Program Service Revenue | $260,338 |
| Investment income | $0 |
| 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 | $1,952,020 |
| 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. | $176,574 |
| Compensation of current officers, directors, key employees. | $31,783 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,188 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,255 |
| Payroll taxes | $26,780 |
| 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 | $0 |
| Advertising and promotion | $32,011 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,469 |
| Travel | $41,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,809 |
| Interest | $34,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $905,426 |
| Total functional expenses | $1,505,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,189,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,186,104 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,921 |
| Total assets | $9,444,913 |
| Accounts payable and accrued expenses | $143,388 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,250,000 |
| Other liabilities | $0 |
| Total liabilities | $1,393,388 |
| Net assets without donor restrictions | $7,471,710 |
| Net assets with donor restrictions | $579,815 |
| 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 | $9,444,913 |