Alabama Mountain Lakes Association Inc
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Decatur, AL
- Founding
- 02/1983
- Data as of
- 09/2021
- EIN
- 63-0524224
Organization Overview
Alabama Mountain Lakes Association Inc is located in Decatur, AL. The organization was established in 1983. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 09/2021, Alabama Mountain Lakes Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Mountain Lakes Association Inc 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 09/2021, Alabama Mountain Lakes Association Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE TRAVEL, TOURISM AND ECONOMIC DEVELOPMENT IN NORTH ALABAMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE VARIOUS ACTIVITIES AND PROJECTS TO SUPPORT TRAVEL, TOURISM AND ECONOMIC DEVELOPMENT IN NORTH ALABAMA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami L Reist CEO | OfficerTrustee | 40 | $120,705 |
Angie Pierce Executive Vice President | Officer | 40 | $85,280 |
Chad Davis Director | Trustee | 2 | $0 |
Katy Norton Chairman Of The Board | Trustee | 5 | $0 |
Jennifer Moore Director | Trustee | 2 | $0 |
Lisa Baker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $73,803 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,315 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,649,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,853,223 |
| Total Program Service Revenue | $29,755 |
| Investment income | $8,504 |
| 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 | $1,891,482 |
| 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. | $205,986 |
| Compensation of current officers, directors, key employees. | $85,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,452 |
| Pension plan accruals and contributions | $33,838 |
| Other employee benefits | $37,127 |
| Payroll taxes | $40,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $412,383 |
| Office expenses | $32,268 |
| Information technology | $82,780 |
| Royalties | $0 |
| Occupancy | $24,685 |
| Travel | $193,864 |
| 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 | $59,424 |
| Insurance | $7,941 |
| All other expenses | $0 |
| Total functional expenses | $1,413,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,403 |
| Savings and temporary cash investments | $197,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,845 |
| 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 | $297,807 |
| Net Land, buildings, and equipment | $367,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575 |
| Total assets | $2,032,457 |
| Accounts payable and accrued expenses | $46,010 |
| 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 | $46,010 |
| Net assets without donor restrictions | $1,986,447 |
| 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 | $2,032,457 |
Grants Awarded
Over the last fiscal year, Alabama Mountain Lakes Association Inc has awarded $124,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTSVILLE MADISON CNTY CVB PURPOSE: Tourism | $20,000 |
DEKALB COUNTY TOURISM ASSN PURPOSE: Tourism | $9,000 |
FLORENCE LAUDERDALE TOURISM PURPOSE: Tourism | $9,000 |
DECATUR MORGAN COUNTY CVB PURPOSE: Tourism | $9,000 |
CHEROKEE CHAMBER OF COMMERCE PURPOSE: Tourism | $9,000 |
COLBERT COUNTY TOURISM PURPOSE: Tourism | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Energy Engineers Inc Atlanta, GA | $13,488,495 | $8,551,361 |
Great Smoky Mountains Association Gatlinburg, TN | $10,410,506 | $8,681,942 |
Georgia Association Of Water Professionals Inc Marietta, GA | $5,254,458 | $1,654,787 |
Alabama Mountain Lakes Association Inc Decatur, AL | $2,032,457 | $1,891,482 |
Society Of Environmental Toxicology And Chemistry Pensacola, FL | $1,353,566 | $1,404,327 |
Center For Civic Innovation Inc Atlanta, GA | $1,558,268 | $855,270 |
The Florida Natural Gas Association Inc Tallahassee, FL | $747,424 | $676,208 |
Senpa Inc New Port Richey, FL | $347,202 | $596,458 |
Tennessee Wildlife Officers Association Joelton, TN | $211,777 | $849,110 |
Florida Land Title Association Inc Tallahassee, FL | $1,696,367 | $823,185 |
Alabama Natural Gas Association Hartselle, AL | $1,571,711 | $961,929 |
Florida Federation Of Garden Clubs Inc Winter Park, FL | $2,499,967 | $1,333,171 |