Alabama Education Retirees Association Inc
- Assets
- $1.8m
- Revenue
- $875.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Montgomery, AL
- Founding
- 06/1965
- Data as of
- 08/2023
- EIN
- 63-0510080
Organization Overview
Alabama Education Retirees Association Inc is located in Montgomery, AL. The organization was established in 1965. 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 08/2023, Alabama Education Retirees Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Education Retirees Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 08/2023, Alabama Education Retirees Association Inc generated $875.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $849.1k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE INTERESTS OF RETIRED EDUCATORS IN THE STATE OF ALABAMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AN UNITIED ORGANIZATION FOR ALL EDUCATION RETIREES; COOPERATED WITH ALABAMA EDUCATIONAL ASSOCIATION ON BEHALF OF ALABAMA EDUCATION RETIREES; PROMOTED SOCIAL AND ECONOMIC WELFARE OF EDUCATION RETIREES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Jackson Executive Di | Officer | 40 | $101,950 |
Nancy Bernard Director | Trustee | $0 | |
Rex Cheatham Vice Preside | OfficerTrustee | $0 | |
Vivian Crosby Director | Trustee | $0 | |
Brenda Curry Director | Trustee | $0 | |
Suan Fant Director | Trustee | $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 | $749,605 |
| Investment income | $41,965 |
| 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 | $875,178 |
| 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. | $101,950 |
| Compensation of current officers, directors, key employees. | $10,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,608 |
| Pension plan accruals and contributions | $39,780 |
| Other employee benefits | $55,815 |
| Payroll taxes | $19,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $980 |
| Advertising and promotion | $52,470 |
| Office expenses | $156,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,632 |
| Travel | $26,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,176 |
| Interest | $0 |
| Payments to affiliates | $15,000 |
| Depreciation, depletion, and amortization | $17,196 |
| Insurance | $9,496 |
| All other expenses | $0 |
| Total functional expenses | $849,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,583 |
| Savings and temporary cash investments | $76,815 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $203,323 |
| Investments—publicly traded securities | $1,413,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575 |
| Total assets | $1,751,228 |
| Accounts payable and accrued expenses | $208 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $208 |
| Net assets without donor restrictions | $1,751,020 |
| 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 | $1,751,228 |