Alabama Educational Foundation And Indian Springs School A Corporatio
- Assets
- $39.8m
- Revenue
- $15.1m
- Investments
- $209.9k
- Employees
- 86
- Location
- Indian Springs, AL
- Founding
- 08/1946
- Data as of
- 06/2022
- EIN
- 63-0319832
Organization Overview
Alabama Educational Foundation And Indian Springs School A Corporatio is located in Indian Springs, AL. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Alabama Educational Foundation And Indian Springs School A Corporatio employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Educational Foundation And Indian Springs School A Corporatio 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, Alabama Educational Foundation And Indian Springs School A Corporatio generated $15.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $13.4m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
GUIDED BY OUR MOTTO, LEARNING THROUGH LIVING, INDIAN SPRINGS SCHOOL FOSTERS A LOVE OF LEARNING AND CREATIVITY, A SENSE OF INTEGRITY AND MORAL COURAGE, AND AN ETHIC OF PARTICIPATORY CITIZENSHIP WITH RESPECT FOR INDIVIDUALITY AND INDEPENDENT THOUGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF EDUCATIONAL ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Goodrich Chair, Board Of Directors | OfficerTrustee | 0 | $0 |
Clara K Chung Board Of Directors | Trustee | 0 | $0 |
Ellen Mcelroy Board Of Directors | Trustee | 0 | $0 |
Jerolyn Ferrari Board Of Directors | Trustee | 0 | $0 |
Braxton Goodrich Board Of Directors | Trustee | 0 | $0 |
Hanson Slaughter Board Of Directors | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Dining Services | 6/29/24 | $972,473 |
Bl Harbert International Construction | 6/29/24 | $389,304 |
Hardy Services Hvac Contractor | 6/29/24 | $242,318 |
Security Engineers Inc Security | 6/29/24 | $212,309 |
Herrera's Hardscape Hardscape | 6/29/24 | $100,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $880,835 |
| Investment income | $1,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,145 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,139,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,930,895 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $738,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,928,434 |
| Pension plan accruals and contributions | $346,042 |
| Other employee benefits | $684,319 |
| Payroll taxes | $325,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,225 |
| Fees for services: Accounting | $40,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,041 |
| Advertising and promotion | $0 |
| Office expenses | $87,858 |
| Information technology | $318,452 |
| Royalties | $0 |
| Occupancy | $514,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,246,414 |
| Insurance | $293,547 |
| All other expenses | $0 |
| Total functional expenses | $13,373,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,977,638 |
| Savings and temporary cash investments | $6,548 |
| Pledges and grants receivable | $4,406,236 |
| Accounts receivable, net | $1,227,575 |
| 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 | $119,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $209,865 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,704 |
| Total assets | $39,755,713 |
| Accounts payable and accrued expenses | $1,094,848 |
| Grants payable | $0 |
| Deferred revenue | $4,775,720 |
| 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 | $1,084,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,955,145 |
| Net assets without donor restrictions | $23,908,638 |
| Net assets with donor restrictions | $8,891,930 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $32,800,568 |