Alabama Mountain Lakes Association Inc
- Assets
- $2.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Decatur, AL
- Founding
- 02/1983
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Alabama Mountain Lakes Association Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $3.4m during the year ending 09/2023. While expenses have increased by 12.3% 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami L Reist CEO | OfficerTrustee | 40 | $142,845 |
Angie Pierce Executive Vice President | Officer | 40 | $105,083 |
Jennifer Kritner Director | Trustee | 2 | $0 |
Katy Norton Director | Trustee | 2 | $0 |
Jennifer Moore Chairman | Trustee | 5 | $0 |
Chad Davis Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,554 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,092,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,254,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,485,026 |
| Total Program Service Revenue | $19,750 |
| Investment income | $10,693 |
| 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 | $3,515,469 |
| 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. | $247,927 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,461 |
| Pension plan accruals and contributions | $27,537 |
| Other employee benefits | $95,220 |
| Payroll taxes | $48,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $8,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,092,313 |
| Advertising and promotion | $1,352,528 |
| Office expenses | $47,700 |
| Information technology | $118,171 |
| Royalties | $0 |
| Occupancy | $21,661 |
| Travel | $49,488 |
| 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 | $40,065 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,435,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,018 |
| Savings and temporary cash investments | $714,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,300 |
| 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 | $84,968 |
| Net Land, buildings, and equipment | $367,507 |
| Investments—publicly traded securities | $174,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575 |
| Total assets | $2,194,717 |
| Accounts payable and accrued expenses | $18,573 |
| 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 | $18,573 |
| Net assets without donor restrictions | $2,176,144 |
| 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 | $2,194,717 |
Grants Awarded
Over the last fiscal year, Alabama Mountain Lakes Association Inc has awarded $124,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
C3 OF NORTHWEST ALABAMA PURPOSE: Tourism | $5,000 |
CHEROKEE CHAMBER OF COMMERCE PURPOSE: Tourism | $9,000 |
DEKALB COUNTY TOURISM ASSN PURPOSE: Tourism | $9,000 |
MARSHALL COUNTY CONVENTION & VISITO PURPOSE: Tourism | $9,000 |
WINSTON COUNTY ARTS COUNCIL PURPOSE: Tourism | $5,000 |
LAWRENCE COUNTY CHAMBER OF COMMERCE PURPOSE: Tourism | $5,000 |