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.
Form
990PF
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tony Cooper President | 1 | $0 | |
Andrew Bramstedt Chairman | 1 | $0 | |
Jill Vinson Vice President | 1 | $0 | |
George Chapman Treasurer | 2 | $0 |
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 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $0 |
Contributions, gifts, grants paid | $100,000 |
Total expenses and disbursements | $100,000 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,138 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $112,446 |
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 | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $116,584 |
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 |
Over the last fiscal year, Ssab Foundation For Education Inc has awarded $100,000 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |