Ssab Foundation For Education Inc

Organization Overview

Ssab Foundation For Education Inc is located in Mobile, AL. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ssab Foundation For Education Inc 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 12/2021, Ssab Foundation For Education Inc generated $100.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $100.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES ONGOING FUNDING FOR LOCAL ALABAMA PUBLIC SCHOOLS. IN THE PAST 10 AREA PUBLIC SCHOOLS WERE PROVIDED BENEFICIAL FUNDING FOR THE PURPOSE OF PURCHASING SCHOOL SUPPLIES. DURING 2020 DUE TO THE SUSPENSION OF CLASSES AND AND SCHOOL ACTIVITIES DUE TO COVID-19 NO FUNDS WER SET ASIDE AND OR DISTRIBUTED TO THE SCHOOLS. IN 2021 AS SCHOOL ACTIVITIES RETURNED TO NORMAL THE FOUNDATION RESUMED SUPPORT OF THE SCHOOLS; THIS OCCASION SAW 11 PUBLIC SCHOOLS BEING SUPPORTED BY THE FOUNDATION


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $100,150
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $100,150

Grants Awarded

Over the last fiscal year, Ssab Foundation For Education Inc has awarded $100,000 in support to 11 organizations.

Grant RecipientAmount

COLLINS-RHODES ELEMENTARY SCHOOL

PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES

$10,000

NORTH MOBILE COUNTY MIDDLE SCHOOL

PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES

$10,000

CHICKASAW HIGH SCHOOL

PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES

$10,000

ROBERT E LEE ELEMENTARY SCHOOL

PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES

$10,000

CALCADEAVER ELEMENTARY SCHOOL

PURPOSE: TO ASSIST PUBLIC SCHOOL WITH NEEDED SCHOOL SUPPLIES

$10,000

CHICASAW ELEMENTARY SCHOOL

PURPOSE: TO ASSIST PUBLIC SCHOOL WITHY NEEDED SCHOOL SUPPLIES

$10,000
View Grant Profile

Peer Organizations

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