Alabama Retail Association
- Assets
- $3.8m
- Revenue
- $1.3m
- Investments
- $2.4m
- Employees
- 6
- Location
- Montgomery, AL
- Founding
- 11/1958
- Data as of
- 12/2022
- EIN
- 63-0362918
Organization Overview
Alabama Retail Association is located in Montgomery, AL. The organization was established in 1958. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Alabama Retail Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Retail Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Alabama Retail Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
EDUCATION AND ADVOCACY FOR RETAIL ORGANIZATIONS THROUGHOUT THE STATE OF ALABAMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND ADVOCACY FOR RETAIL ORGANIZATIONS THROUGHOUT THE STATE OF ALABAMA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wogan Badcock Director | Trustee | 0 | $0 |
Dustin Beaty Director | Trustee | 0 | $0 |
Raymond Cohen Director | Trustee | 0 | $0 |
Melissa Cross Director | Trustee | 0 | $0 |
Kealon Drake Director | Trustee | 0 | $0 |
Jheovanny Gomez Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $921,960 |
| Investment income | $24,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $365,398 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,331,914 |
| 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. | $512,532 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,714 |
| Pension plan accruals and contributions | $35,797 |
| Other employee benefits | $10,559 |
| Payroll taxes | $35,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,759 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,704 |
| Office expenses | $123,385 |
| Information technology | $4,760 |
| Royalties | $0 |
| Occupancy | $55,154 |
| Travel | $20,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,850 |
| Insurance | $0 |
| All other expenses | $225 |
| Total functional expenses | $1,170,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,226 |
| Savings and temporary cash investments | $29,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,795 |
| 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 | $89,212 |
| Net Land, buildings, and equipment | $526,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,377,722 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,751,517 |
| Accounts payable and accrued expenses | $13,497 |
| Grants payable | $0 |
| Deferred revenue | $229,128 |
| 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 | $242,625 |
| Net assets without donor restrictions | $3,508,892 |
| 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 | $3,751,517 |