South Alabama Foundation For The Intellectually Disabled
- Assets
- $2.8m
- Revenue
- $89.5k
- Investments
- $2.7m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 03/1980
- Data as of
- 09/2023
- EIN
- 63-0831886
Organization Overview
South Alabama Foundation For The Intellectually Disabled is located in Mobile, AL. The organization was established in 1980. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Alabama Foundation For The Intellectually Disabled is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, South Alabama Foundation For The Intellectually Disabled generated $89.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $111.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR SUPERVISED LIVING OF INTELLECTUALLY AND DEVELOPMENTALLY DISABLED CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FOR SUPERVISED LIVING OF INTELLECTUALLY AND DEVELOPMENTALLY DISABLED CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen H Ladd President | 2 | $0 | |
Pam Angerholzer Secretary | 2 | $0 | |
Jeff Zoghby Treasurer | 2 | $0 | |
J Blair Newman Director | 2 | $0 | |
David M Tressler Director | 2 | $0 | |
Joey Betbeze Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,148 |
| Dividends & Interest | $56,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,145 |
| Capital Gain Net Income | $29,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $667 |
| Total Revenue | $89,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,667 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,907 |
| Total operating and administrative expenses | $31,574 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $111,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,376 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $101,562 |
| Investments—other | $513,528 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,560 |
| Total assets | $2,848,159 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, South Alabama Foundation For The Intellectually Disabled has awarded $80,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ALTAPOINTE PURPOSE: OPERATING EXPENSES | $10,000 |
GOODWILL OF THE GULF COAST PURPOSE: OPERATING EXPENSESOPERATING EXPENSES | $15,000 |
FIRST LIGHT COMMUNITY PURPOSE: OPERATING EXPENSESOPERATING EXPENSES | $10,000 |
MULHERIN CUSTODIAL HOMES PURPOSE: OPERATING EXPENSESOPERATING EXPENSESOPERATING EXPENSES | $15,000 |
UNITED CEREBRAL PALSY PURPOSE: OPERATING EXPENSES | $15,000 |
VOLUNTEERS OF AMERICA SOUTHEAST PURPOSE: OPERATING EXPENSES | $15,000 |