Alabama Coal Association
- Assets
- $1.0m
- Revenue
- $347.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Montgomery, AL
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 63-0635462
Organization Overview
Alabama Coal Association is located in Montgomery, AL. The organization was established in 1973. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Alabama Coal Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Coal 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 12/2021, Alabama Coal Association generated $347.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $396.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SAFE AND SUSTAINABLE MINING OF THE NATURAL RESOURCES THAT STRENGTHENS OUR INFRASTRUCTURE AND GROWS OUR ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS ACTIVITIES TO PROMOTE SAFE AND SUSTAINABLE MINING INCLUDING MEMBER MEETINGS AND EDUCATING THE PUBLIC THROUGH MEDIA OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Cagle President | OfficerTrustee | 40 | $143,000 |
Buddy Jones Secretary | OfficerTrustee | 1 | $0 |
Richard Mullen 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Tony Nelson Treasurer | OfficerTrustee | 1 | $0 |
Eric Martin 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Jon Hale Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $284,333 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,174 |
| Total Program Service Revenue | $41,691 |
| Investment income | $2,149 |
| 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 | $347,014 |
| 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. | $143,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,350 |
| Pension plan accruals and contributions | $15,300 |
| Other employee benefits | $4,800 |
| Payroll taxes | $19,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,308 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $2,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,686 |
| Information technology | $2,291 |
| Royalties | $0 |
| Occupancy | $36,058 |
| Travel | $8,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,772 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470 |
| Insurance | $2,292 |
| All other expenses | $9,590 |
| Total functional expenses | $396,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,041,907 |
| Savings and temporary cash investments | $0 |
| 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 | $720 |
| Net Land, buildings, and equipment | $1,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,044,196 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,044,196 |
| 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 | $1,044,196 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alabama Coal Association has recieved totaling $335,000.
| Awarding Organization | Amount |
|---|---|
Peoples Alliance For Leadership Montgomery, AL PURPOSE: TO SUPPORT THE UNIFIED VOICE OF MODERN-DAY ISSUES THAT IMPRACT THE MINING INDUSTRY IN ALABAMA. | $220,000 |
Vote Alabama Montgomery, AL PURPOSE: TO SUPPORT THE UNIFIED VOICE OF MODERN-DAY ISSUES THAT IMPRACT THE MINING INDUSTRY IN ALABAMA. | $115,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Tourism Industry Marketing Corporation Inc Tallahassee, FL | $33,820,067 | $62,895,567 |
Orlando Orange County Convention & Visitors Bureau Inc Orlando, FL | $46,615,114 | $65,101,599 |
Greater Miami Convention And Visitors Bureau Inc Miami, FL | $31,705,005 | $32,926,540 |
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |