Alabama Retired State Employees Association
- Assets
- $1.3m
- Revenue
- $922.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Montgomery, AL
- Founding
- 08/1980
- Data as of
- 06/2022
- EIN
- 63-0796105
Organization Overview
Alabama Retired State Employees Association is located in Montgomery, AL. The organization was established in 1980. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2022, Alabama Retired State Employees Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Retired State Employees Association 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 06/2022, Alabama Retired State Employees Association generated $922.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $977.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT AND IMPROVE THE RETIREMENT RESOURCES OF STATE, COUNT, CITY, LOCAL PUBLIC BOARD RETIRES AND THEIR DESIGNATED SURVIVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE ALL RETIRED EMPLOYEES OF THE STATE OF ALABAMA AND ITS RESPECTIVE COUNTY-CITY GOVERNMENTS AND AGENCIES INTO AN ORGANIZATION TO PROMOTE THE GENERAL WELFARE OF THE RETIRED PUBLIC EMPLOYEES AND OLDER CITIZENS OF ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Mays President | OfficerTrustee | 0.4 | $0 |
Mike Gillespie President-Elect | OfficerTrustee | 0.4 | $0 |
Jerry Fielding Immediate Past President | OfficerTrustee | 0.4 | $0 |
Buck Lee Vice President - South | OfficerTrustee | 0.4 | $0 |
Thomas Moore Vice President - South Cen | OfficerTrustee | 0.4 | $0 |
Rex Reynolds Vice President - North | OfficerTrustee | 0.4 | $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 | $879,927 |
| Investment income | $277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $135 |
| Net Rental Income | $26,570 |
| 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 | $922,234 |
| 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. | $177,858 |
| Compensation of current officers, directors, key employees. | $48,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,602 |
| Pension plan accruals and contributions | $36,373 |
| Other employee benefits | $54,950 |
| Payroll taxes | $35,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $19,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $0 |
| Office expenses | $109,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,107 |
| Travel | $38,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,804 |
| Insurance | $21,132 |
| All other expenses | $0 |
| Total functional expenses | $977,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,608 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,969 |
| 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 | $8,502 |
| Net Land, buildings, and equipment | $1,045,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,298,088 |
| Accounts payable and accrued expenses | $94,363 |
| Grants payable | $0 |
| Deferred revenue | $43,596 |
| 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 | $137,959 |
| Net assets without donor restrictions | $1,126,382 |
| Net assets with donor restrictions | $33,747 |
| 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 | $1,298,088 |